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    Kirton tells CM he'll move in himself

    The Ashby high rise returns from the dead, but the developer insists it's nomonster

    Tyler Rudick
    Sep 29, 2011 | 4:46 pm
    • Local civic clubs denounced the building from the onsite, citing narrowtraffic-prone streets and a destruction of the neighborhoods visual character.
    • Replacing the Maryland Manor Apartments at 1717 Bissonnet, the new residentialbuilding now plans to offer luxury rental units.
      Rendering via Buckhead Investment Partners Inc.

    After two quiet years, Buckhead Investment Partners submitted construction documents to the city this week, requesting permission to move forward on the controversial Ashby high rise. With the city's rental market at a high-water mark, the investment group has shifted its focus from high-end condominium owners to high-end renters.

    Planned for a site at 1717 Bissonnet near Rice University, the massive 23-story residential building pared down much of its original design to get city approval in August 2009. Over 20 residential units were removed from the plans, as well as portions of the building's retail and office space. The new constuction documents, Buckhead says, are for the same plans approved two years ago.

    With support from then-mayor Bill White, the Stop the Ashby High Rise movement took shape in 2007 to attack the building's traffic impact on the two-lane Bissonnet. The organization's website estimates 2,000 cars will come to and from the building each day, stating that even "the developer’s own traffic study indicates a significant worsening of traffic."

    "The building's not going to have teeth and arms," says Buckhead CEO Kevin Kirton, referring to the yellow monster signs Stop Ashby High Rise placed throughout the Rice area.

    Since filing a federal lawsuit in February 2010 challenging the city's traffic argument, Buckhead has remained virtually silent about the project. The court case attacking a rarely-used driveway ordinance will be reviewed in March of next year.

    "Time hasn't healed our wounds," Jim Reeder, co-chair of the Stop Ashby High Rise Taskforce and a law partner at Vinson & Elkins, tells CultureMap. "This is a great neighborhood of single family homes. In our view, the new rental option is worst than the former condominium model, bringing in a more transient population not invested in the area."

    Reeder feels Buckhead has done little with the building's design to address the concerns of its neighbors, aside from removing certain elements to simply appease Houston officials. He says his group is evaluating options within the city's permitting process and will consider judicial approaches, if necessary.

    "This is an iconic project for them," Reeder notes. "They're not interested in creating something more palatable to the neighborhood."

    "The building's not going to have teeth and arms," says Buckhead CEO Kevin Kirton, referring to the yellow monster signs Stop Ashby High Rise placed throughout the Rice area. "I am disappointed to hear that so many people are upset about it. In the history of the city, there's never been such scrutiny over a proposed building site as a result of traffic impact studies.

    "I n our view, the new rental option is worst than the former condominium model, bringing in a more transient population not invested in the area," Jim Reeder says.

    "We ended up removing a public plaza — the one feature that connected the building to the rest of the area."

    In spite of scaling down the original design, Kirton still feels 1717 Bissonnet is "a great project," particularly in light of the high-end amenities that include an outdoor pool and putting green.

    "I grew up in the neighborhood and can't wait for the building to be complete," Kirton says. "I'm ready to move there myself."

    unspecified
    news/real-estate

    millennial magnet

    Houston stars among 30 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 1:30 pm
    Houston neighborhood
    Photo by Jose Losada on Unsplash
    Houston is a millennial magnet.

    Houston and its surrounding cities have already proved to be magnets for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has nearly doubled since 2018.

    The number of millennials who own their homes in Houston has grown from 227,365 to 418,698 households over the last five years (84.2 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Houston ranked No. 29 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 49 percent of all Houston-area millennials own their homes, with the remaining 51 percent renting, the report found.

    Houston also ranked 22nd in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 397,410 to 439,371 in five years, a 10.6 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. Less than 15 percent of all Gen Z households in Houston own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialshouston
    news/real-estate
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