Fountain Residential to Add Housing Options at University of Houston
By Georgiana Mihaila, Associate Editor
Reflecting the University of Houston’s efforts to add housing options in order to transform itself from an urban commuter-based campus to a Tier One research institution, a new student housing building will soon rise right across from the campus.
Developer Fountain Residential Partners recently broke ground on the five-story, 347-bed project called The Vue on MacGregor. Located directly across Brays Bayou from the Bayou Oaks on-campus housing community – which serves the Greek housing needs of the university – the new development will be the first privately owned off-campus community for The University of Houston. Featuring a modern design, The Vue on MacGregor will be within walking distance to the center of campus and two new light-rail stations. With 5G Studio as the architect and Centerpoint Builders as the general contractor, leasing for the project is set to start in the coming months for a fall 2014 occupancy.
The University of Houston currently has several significant construction projects underway on the campus, spurred by the recent Tier One Research University status and driven by the school’s significant growth. “Reaching Tier One truly takes UH to a new level. This is an exceptional site and project that will support UH’s efforts on campus, and we look forward to being a part of the community,” said Trevor Tollett, vice president of development at Fountain.
The Vue on MacGregor is one of the three Fountain Residential projects currently underway; the company is also developing the Prado, located across from the University of Texas – San Antonio campus on UTSA Boulevard and planned to house as many as 498 students, and Metro Park East, a student housing complex meant to serve the University of Minnesota in Minneapolis. Dallas-based Grand Campus Living will provide leasing and management services for the three communities.
Other housing developments near the University of Texas that are set for completion this fall include the 800-bed Cougar Place Apartments at 3800 Cullen and the 1,144-bed Cougar Village II, which is to be located at 4873 Wheeler.
Image via Fountain Residential PartnersTags: Architecture/Design, Developers, Development, Finance/Investment, Fountain Residential Partners, Houston, Houston Lead Story, leasing, Local, multi-family, National, Professional, Regional, Student, student housing, University of Houston