Downtown Houston to see 290 more multifamily unitsDowntown Houston to see 290 more multifamily unitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=19782015-01-15T10:30:00Z2015-01-14T00:00:00Z

HOUSTON - A 290-unit multifamily project is planned for a downtown site bounded by Main, Jefferson, St. Joseph and Travis, with its address being 902 Jefferson. The property is now a parking lot.

The project is being developed by national multifamily firm Fairfield Residential. The project has been accepted into Houston's Downtown Living Initiative, a tax rebate program created to entice residential developers to build in the urban core.

The program offers up to $15,000 for each unit a developer builds in a multifamily complex of at least ten units.

The property also must meet certain design guidelines. The Fairfield project could amount to nearly $4.4 million in rebates.

The average unit will be 880 sf and the first floor along Main will have live/work units, a cafe and fitness center, according to materials the developer submitted to the redevelopment authority.

Renderings show the ten-story building with recessed balconies and a mix of brick, stucco, wood and metal materials on the exterior.

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://www.houstonchronicle.com/business/real-estate/article/New-apartments-add-to-downtown-boom-6013209.phpRead more at {Source}

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