Free 90 free: District at Memorial to open doors to residents in April

​HOUSTON – A five-story, 327-apartment community is being developed by Kaplan Management Company in the Energy Corridor area, near Beltway 8 and I-10.

With the project expected to be completed this summer, the developers are offering free rent—an incentive that is becoming more commonplace in Houston’s multifamily market this year.

Fifteen-month leases will be rewarded with two months of free rent at the new project, called District at Memorial, said the developers, which just opened a leasing center.

​District at Memorial offers studios at just under 600 sf, priced from $1,210 per month, to three-bedroom, two-bath homes with nearly 1,400 sf of living space starting at $2,730.​​​​​

Initial tenant move-ins will begin this spring.

The new District at Memorial project is part of a renaissance along the westbound stretch of I-10 between Gessner and Beltway 8, a value-added U-turn from the bustling heart of CityCentre.

Nearby projects include the construction of a 240,000-sf office building on an 18-acre tract, where MetroNational is expanding the Memorial City footprint north of I-10.

The apartment project, located at 10300 Katy Fwy., is the third District-branded property in Houston, Kaplan said. developers anticipate fully opening the project this summer.

A significant amount of multifamily construction—100 projects with about 30,000 units are under construction—has prompted market expert to warn that Houston is developing an oversupply of apartments.