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

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