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    The High Life

    New luxury high-rise upped from 35 to 40 floors: A sneak peek at Houston'stallest apartment tower

    Whitney Radley
    Nov 14, 2012 | 11:11 am
    • The first level of the 2929 Weslayan development will be home to 12,500 squarefeet of retail.
    • RTKL Associates says that the design was "inspired by a flowing evening gown."
    • Developers plan to secure a signature restaurant for the retail portion, inaddition to other amenities that would be beneficial to residents.
    • The building, which was initially slated to be 35 stories, has been increased to40 floors — including three levels of penthouses.

    PM Realty Group broke ground on 2929 Weslayan last week, marking yet another multifamily residential development to go up within easy walking distance of Highland Village.

    The developer first unveiled the project last September after purchasing the 2.6-acre parcel on the northeast corner of Weslayan Street and West Alabama, an inner-Loop spot that Bryant Nail, the executive vice president of multifamily development for PMRG, tells CultureMap is the "best in town."

    Initially marketed as a 35-story, 250-unit luxury high-rise, the apartment has since been upped to 40 floors. Nail says that the upper three of those additional floors are slated for penthouses, two on each floor, that span 4,000 square feet each, boasting 2,000 square feet in patio space and unparalleled views of both the Galleria and downtown Houston — especially if it is the tallest rental tower in the city, as Prime Property estimated.

    If that is a resident's backyard, then the signature restaurant that will occupy part of the 12,500 square feet of retail space on the bottom floor will be his or her kitchen.

    High-end features in all units include hardwood floors, granite counter tops, stainless steel appliances and gas cook tops, a great benefit to those who like to cook in a gourmet kitchen, says PMRG chief financial officer Roger Gregory.

    The building — which is currently scheduled to be LEED Silver-certified — will offer direct elevator access to the top 11 floors, 24-hour valet and concierge services. A .75-acre common area will include a state-of-the-art fitness center, a resort-inspired pool and areas for outdoor cooking. Nail describes it as a "well-equipped backyard."

    If that is a resident's backyard, then the signature restaurant that will occupy part of the 12,500 square feet of retail space on the bottom floor will be his or her kitchen. Nail wants it to be upscale enough for special occasions, but casual enough that residents can eat there every day. Catering will be available for room service and pool deck delivery.

    The remaining retail space will be occupied by amenities that will benefit the residents, like a day spa and a dry cleaner, set off by a 20-foot high wall fountain in the lobby.

    "It's one step removed from hotel living," says Gregory, who tells CultureMap that the development's target audience is "a renter by choice."

    Designed by RTKL Associates, the distinctive facade was "inspired by a flowing evening gown," with balconies informing the flow of the building. CF Jordan was selected as the general contractor, Faulkner Design Group as the interior designer and Studio Outside as the landscape architect. The project — PMRG's first multifamily development in Houston — is slated for a 2014 completion.

    unspecified
    news/real-estate

    rent report

    2 Houston suburbs had the priciest rents in the metro in November

    Amber Heckler
    Dec 4, 2025 | 12:30 pm
    Houston skyline at night
    Photo by Jeswin Thomas on Unsplash
    Asking rent for a single-bedroom apartment in Houston came out to $1,210 in November, Zumper said.

    After American shoppers spent $11.5 billion on Black Friday this year, it's safe to say everyone is watching their wallets this holiday season, including renters. And a new Zumper report is shedding light on the Houston-area cities that are shelling out the most for their rent.

    The report analyzed active listings from the previous month across all cities in the Houston metro. It tracked the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.

    Sugar Land had the highest rent prices in the Houston area in November, the report found. The median rent price for a single-bedroom apartment came out to $1,480 last month. That's $30 higher than the median asking rent for the same apartment in June.

    For two-bedroom units, median rent prices in Sugar Land rose 4.3 percent from October to $1,940.

    Pearland had the second-highest rents in the metro last month. Single-bedroom units had a median asking price of $1,370 per month, while two-bedroom units had a $1,700 price tag in November.

    Residents in both Pearland and Sugar Land are expected to spend more than $3,100 on their holiday presents this year, a recent WalletHub study revealed, which means they may be keeping a closer eye on their budgets than other Houston-area residents.

    Meanwhile, Houston proper had the third-priciest asking rents in the entire metro area in November. Median asking rent for a one-bedroom unit totaled $1,210 in November, and two-bedroom units had a $1,480 price tag.

    These are the median rent prices for one- and two-bedroom apartments around Houston:

    • League City – $1,180 for one-bedroom units; $1,410 for two-bedroom units
    • Spring – $1,170 for one-bedroom units; $1,530 for two-bedroom units

    Houston-area cities with affordable rent compared to the statewide median
    Zumper found the statewide median rent for a one bedroom apartment came out to $1,126 last month.

    Huntsville, a city 70 miles north of Houston, had the most affordable rent for a one-bedroom unit in the region, with median prices adding up to $880. The report also found that Huntsville's single-bedroom rent costs are surprisingly 6 percent more expensive than they were a year ago. However, the median cost for a two-bedroom unit in Huntsville – $1,000 – is the same asking price as it was in November 2024.

    Six more Houston-area cities had more affordable single-bedroom rent prices than the statewide median:

    • Galveston – $1,110
    • Conroe – $1,100
    • Baytown – $1,000
    • Lake Jackson – $920
    • Pasadena – $910
    • Texas City – $890
    rentrent pricesreal estatehousing reporthouston
    news/real-estate

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