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    rising above buffalo bayou

    Food-focused Montrose development adds 40-story luxury high-rise

    Holly Beretto
    Sep 23, 2025 | 3:22 pm

    Houston has another luxury high-rise. Hanover Buffalo Bayou soars above Autry Park, a mixed-use, amenity-laden development along Buffalo Bayou near the intersection of Allen Parkway and Shepherd Drive.

    The new 40-story apartment complex offers 317 one-, two-, and three-bedroom units and nearly 5,000 square feet of ground floor retail space. Rent for a one-bedroom, one-bath, 812-square-foot unit starts at $2,830, according to the apartment’s website. A 3,300-square-foot penthouse with three bedrooms and three-and-a-half baths is listed at an impressive $15,950 per month.

    Apartment amenities include kitchens with natural and man-made stone countertops, frameless cabinets, wood-style flooring, stainless steel appliances, and undermount sinks; bathrooms with frameless cabinets, framed mirrors, and undermount sinks, with select units featuring a separate shower; living areas with wood-style flooring; and bedrooms with ceiling fans and large, walk-in closets.

    Meanwhile, the complex itself offers a professionally landscaped courtyard with a resort-style pool, a fire pit area, barbecue stations for outdoor grilling, and cabana seating; a clubhouse with a demonstration kitchen, a fitness center, a cinema with stadium seating, gaming activities, and televisions; a lobby lounge area; and a business center.

    “With the completion of Hanover Buffalo Bayou, Autry Park continues to reach critical milestones in its ongoing evolution into one of Houston’s signature urban nexuses,” said Ryan Hamilton, regional development partner – Texas at Hanover Company. “With an already robust collection of restaurant and retail spaces, as well as now three top-of-the-line luxury apartment communities populating the district, Autry Park has reached a watershed threshold in its development life cycle – with additional growth plans on the horizon that will strengthen the development’s attractiveness from a full-spectrum live, work, and play perspective.”

    The new complex is a collaboration between Autry Park, Hanover Company , and its partner Mitsui Fudosan America. It joins two other Hanover properties on the site, Hanover Autry Park, a 24-story, 324-unit complex and Hanover Parkview, an eight-story, 422-unit complex.

    In addition, Hanover Company announced back in May its plans to build Autry Park One, Autry Park’s first office building, which will have nearly 117,000 square feet of office space and an additional 10,500 square feet of ground floor retail space.

    Autry Park’s masterplan includes five towers encompassing approximately 1,450 residential units, 350,000 square-feet of Class A office space, and over 100,000 square-feet of unique, carefully curated retail, situated around a vibrant central greenspace. It is home to a number of restaurants and bars, including sushi restaurant Doko, its companion cocktail bar Bar Doko, Austin-based scoop shop Lick Honest Ice Creams, upscale Vietnamese restaurant Annam, modern Mexican restaurant Mayahuel, French restaurant Annabelle Brasserie, and fine dining steakhouse Turner's Cut. Austin's Emmer & Rye Hospitality will open its first Houston project in Autry Park in late 2025 or early 2026.

    In press materials, the multi-use development touts its improvements to public infrastructure in the surrounding streets and public spaces, including the addition of a new lighted intersection on Allen Parkway at Buffalo Park Drive, which serves as the urban center’s main entrance. The development team has committed resources toward significant improvements to the intersection of Allen Parkway and Shepherd Drive that include modernized crosswalks and pedestrian signalization, which is designed to foster safe and easy access at the western entrance to Buffalo Bayou Park.

    The lobby of Hanover Buffalo Bayou

    Photo by Jin Park, Hanover Co.

    The new Hanover Buffalo Bayou is a 40-story luxury apartment complex at Autry Park.

    luxury highrisehigh-risesopeningsapartmentsautry park
    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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