Home > multifamily, New Construction, Uncategorized > More luxury apartments on tap for River Oaks area

More luxury apartments on tap for River Oaks area

Houston’s gaining another tony apartment project. A luxury midrise apartment project called Azalea Court broke ground this month, located at the northeast corner of Westheimer Road and Mid Lane.

Azalea Court view1 studiojdk WEB

Situated on 11.2 acres directly between Highland Village and the River Oaks District, Azalea Court will include 645 units in an eight-story building and a 17-story tower. Azalea Court is the first phase of a mixed-use project. Financial details about the project were not disclosed.

Azalea Court, designed by Memphis, Tenn.-based architecture firm Looney Ricks Kiss Inc., is being co-developed by Austin’s Stonelake Capital Partners and Dallas-based StreetLights Residential. StreetLights Residential Texas Construction is the general contractor for the project. Construction financing was provided by Texas Capital Bank. Orlando-based ZRS Management LLC has been selected as the property manager for the development.

Stonelake owns the 11.2 acres that will house Azalea Court. Azalea Court is expected to deliver its first units in June 2015 but will not disturb the existing office along Westheimer.

Stonelake  bought the land in 2012 for an undisclosed amount, with the intent to build a mixed-use development.

by Giselle Greenwood – Managing Editor – Houston Business Journal

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: