Downtown Houston to see 290 more multifamily units

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.