Fountain Residential & Virtus RE Develop 531-Bed Student Housing Community in Houston
- Feb 03, 2016
Houston—Fountain Residential Partners, in a joint venture development with Virtus Real Estate Capital, recently announced the development of a new student housing community in Houston. The Gateway on Cullen is the company’s third community in the city and will serve students from the University of Houston and the nearby Texas Southern University.
Located on Cullen Boulevard, The Gateway on Cullen will feature 531 beds in one-, two-, four- and five-bedroom apartments and townhomes. Community amenities will include a resort-style pool, volleyball court, an 8,000-square-foot clubhouse, fitness and cardio center, as well as private study rooms.
“We designed The Gateway on Cullen with product differentiation in mind. Unlike our previous two developments, we had over 7 acres of land to work with that allowed us to design a less dense, surface-parked property, and also afforded us the chance to build spacious townhome units which will be unique to this market and offer larger, better amenitized public spaces,” said Brent Little of Fountain Residential.
Fountain Residential worked closely with community stakeholders, including the Greater East End District, the local homeowners’ association and Houston City Council Member Robert Gallegos, for the pre-development phase of the project.
Image courtesy of Fountain Residential Partners