39-Story Apartment Tower Breaks Ground
Holliday Fenoglio Flower LP, a brokerage firm representing Houston developer Hanover Co., announced ground has been broken on Hanover River Oaks, a 39-story apartment tower in the Upper Kirby commercial district in Houston that has been in the works since 2014, the Houston Business Journal reported. Located on 1.6 acres at 2930 Kirby Drive, the structure was designed by Chicago-based Solomon Cordwell Buenz (SCB) and will have 370 residences, 10,000 sq. ft. of ground-level retail and amenities such as a rooftop pool, controlled-access parking and a private theater. The first units are expected to come online in early 2020.
Australia-Based Developer Launches Project
The Houston Business Journal has reported an Australian company, Caydon Property Group, is planning its first U.S. apartment-tower project, a 27-story luxury high rise in midtown Houston. The Midtown, as it has been named, will offer 357 units, with a mix of studios and one- and two-bedroom apartments providing high-end finishes and features. Common-area amenities will include a private pool with swim-up bar, a fitness center with yoga studio and a sky lounge overlooking the city. The US$200-million development will also have 12,000 sq. ft. of retail space and a parking garage with space for 482 cars. Demolition of dilapidated buildings at the 1.15-acre site began in January, and Caydon said it hoped to begin construction later this year. The building, designed by Houston-based Ziegler Cooper Architects, is targeted for completion in 2019.
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