HOUSTON - Fountain Residential Partners is building The Vue on MacGregor, a five-story building with 347 beds just across from the University of Houston campus.
The new apartment property will be at Calhoun Rd. and South MacGregor Way directly across Brays Bayou from the Bayou Oaks housing community.
Fountain Residential Partners will build, own and operate the property. It differs from other projects in which the university owns the land and leases it to a campus housing firm.
The university began a push to expand student housing options with the addition of the seven-floor Cougar Village in 2010. That was part of a plan to transform the school from an urban commuter-based campus to a Tier One research institution with space to house 25 percent of the students on campus.
Two other projects are slated to open on campus in fall 2013. Cougar Place Apartments will have 800 beds at 3800 Cullen Blvd., and Cougar Village II will consist of 1,144 beds at 4873 Wheeler St.
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