HFF Secures Financing for Houston Luxury Tower
- Jan 08, 2018
By Alex Ciorogar
Managing Director Cortney Cole, Executive Managing Director Scott Galloway and Director Dustin Selzer led the HFF team in arranging the financing of Hanover River Oaks, a to-be-built, 39-story, luxury high-rise multifamily tower in Houston’s Upper Kirby district, on behalf of The Hanover Co. J.P. Morgan Asset Management also advised the institutional investors.
The property will comprise 370 residential units with approximately 10,000 square feet of ground-floor retail space. Units will average 1,172 square feet, while interior amenities will feature stainless steel appliances, stone countertops, kitchen islands and pantries, garden tubs, walk-in closets, computer niches and/or dry bars, floor-to-ceiling windows, faux wood and tile flooring.
Located at 2930 Kirby Drive, in the heart of River Oaks neighborhood, the tower will provide a live-work-play experience for its residents.
Common area amenities will include:
- a rooftop pool with sunbeds and poolside cabanas
- outdoor grilling and dining stations
- 24-hour fitness club
- clubhouse with lounge seating
- catering kitchen with private dining room
- private theater
- landscaped garden courtyard
- water wall garden
- pet washing station
- 24-hour concierge
- controlled-access parking garage
- panoramic city views
Spread across a a 1.6-acre site, the project broke ground in December 2017. The first units are slated for completion in the first quarter of 2020.
In November 2017, HFF closed a $288.8 million construction loan for MIRO, two 28-story luxury multifamily assets.