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Houston: 40 stories, 463 units, sky pool to downtownHouston: 40 stories, 463 units, sky pool to downtownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35992014-07-16T06:44:00Z2014-07-16T06:40:00Z

HOUSTON - Market Square Tower, a 40-story building housing 463 apartments, will be built just off Market Square Park at 777 Preston. Excavation work is expected to start by mid-August, and initial occupancy is slated for January 2017.

Typical units will range from 550-sf efficiencies to three-bedroom, three-bath spaces with around 1,950 sf. Rents will range from around $1,800 to $5,800 per month. There will be a limited number of larger penthouses as well.

A second-story deck will overlook Market Square Park and have palm trees, cabanas, a swimming pool and a hot tub. A spa with sauna, steam rooms and treatment rooms will be next to the pool.

"It's big," said Jack Lee, president of Oakmont Group, the project manager. "It's bigger than any other downtown Houston high-rise rental property we know of."

The wraparound rooftop amenities with panoramic views of the city skyline and Buffalo Bayou Park will include a gym, sundeck and "sky pool" that will be encased in glass and cantilever beyond the southern face of the building.

Woodbranch Investments Corp. is the developer of the project.

A ten-story garage that shares the tower's block will serve residents of the new building. The garage has 1,100 spaces now, but spaces will be reduced to about 950. About 150 spaces will be reserved for residents' guests and visitors of about 22,000 sf of retail space planned for the first floor.

Apartment construction has been on the rise downtown and in surrounding neighborhoods to the west where some 4,000 units are under construction, according to MPF Research.

Houston Chronicle
Houston-The Woodlands-Sugar Land
Multifamily
http://www.houstonchronicle.com/business/real-estate/article/Record-size-residential-project-set-to-rise-5621007.php#/0Read more at {Source}

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