Behringer Harvard, Trammell Crow Bring Luxury MF Project to Inner Loop
- Oct 15, 2012
Two well-known developers—Behringer Harvard and Trammell Crow Residential—have partnered to bring a new luxury multifamily development to the West University submarket of Houston’s Inner Loop.
The project is planned for a 2.5-acre tract of land recently purchased by Behringer Harvard. Development plans include the razing of existing 1970s-vintage housing at 3810 Law St. to make way for a new luxury multifamily community with 231 apartment homes called Allusion West University. The site offers proximity to prominent employment centers including Greenway Plaza, the Galleria, Texas Medical Center and Houston’s central business district. Approximately half a mile south of U.S. Highway 59, the property also provides convenient access to the most traveled traffic arteries in Houston, including Interstate 45, Interstate 10 and Loop 610.
“This project involves a prime infill location in a desirable area with high barriers to entry, especially for apartment construction,” said Mark Alfieri, COO of Behringer Harvard Multifamily REIT I Inc. “We expect this development to attract business professionals who appreciate an extensive list of amenities and luxurious urban lifestyles.”
The new community will comprise a four-story residential building constructed over a two-story parking garage. Averaging 877 square feet, the apartments will be built to condominium-quality specifications and offer as many as two bedrooms and two baths. Units will feature granite countertops with tumbled-stone backsplashes, 42-inch hardwood cabinetry with under-cabinet lighting, kitchen islands and stainless steel appliances including flat-top stoves and double-door refrigerators. Common-area amenities will include a cyber cafe, business center, state-of-the-art fitness center, resort-style pool and dog park.
Trammell Crow Residential will serve as developer of the property, while an affiliate of the firm will be the general contractor.
This is the second multifamily project announced for the Inner Loop area within the past month, following Hanover Co.’s 424-unit garden-style community planned near the intersection of Bissonnet and Kirby.