Windsor Memorial Apartments: Multifamily High-Rise At 3131 Memorial Cr.

[TheNiche]

GlobeSt.com Commercial Real Estate News and Property Resource

EXCLUSIVE Last updated: April 3, 2007 07:46am

Legacy Maps Out $60M-Plus Plan for 334 Units

By Amy Wolff Sorter

HOUSTON-The Foster City, CA-based Legacy Partners Residential Development Inc. has closed on 3.3 acres in West Central Houston to build a 334-unit residential project. Sources familiar with the location say the development dirt alone cost nearly $13 million while the project itself could end up close to $155 per sf to build.

Link

[GovernorAggie]

Maybe that was the reason for the "notice of variance request" sign I saw along Memorial on Sunday??

[HtownWxBoy]

Awsome news!

[Pumapayam]

Legacy at Memorial will be one- and two-bedroom units, averaging 1,179 sf. The average monthly rent is projected to be $2,392.

Might as well get a loan and pay a mortgage, that is so expensive for a measley 2 bedrooms! :closedeyes:

[The Great Hizzy!]

I'm sure someone in the existing communities along Studemont and Memorial will be displeased with the blocked views of the skyline. Nevertheless, if this gets built, residents would certainly be paying top dollar for a unit facing east. I'd imagine that view would be among the five best in the city.

[Highway6]

Is this on the site where that warehouse came down recently or are they talking on the north side of Memorial ?

[The Great Hizzy!]

Sounds like they're talking north of Memorial, where an old distribution depot used to be (I don't know the history of it, just that it was basically torn down a couple of years ago). The warehouse across the bayou on Montrose used to be Sears among other things, and from what I understand, a new mosque and/or faith center will be built there. I'll have to try to do an archive search at one of either the Chronicle or HBJ to find the specific article.

[musicman]

building site?

[The Great Hizzy!]

^^^ Yeah, Musicman, that's what I'm thinking. In fact, it's the only site, given the description, that makes sense.

[WesternGulf]

rendering

[musicman]

Might as well get a loan and pay a mortgage, that is so expensive for a measley 2 bedrooms! :closedeyes:

helps keeps the riff raff down to a minimum

[The Great Hizzy!]

Hey, now that manages to be a little different and yet not overzealous--although, the color scheme is painfully familiar. Maybe something in a color similar to the Museum Tower's reddish-brown brick would help it stand out even more.

[HtownWxBoy]

rendering

I like it. Great location, too! Those east facing apartments are going to have awsome views of Downtown!

[musicman]

I like it. Great location, too! Those east facing apartments are going to have awsome views of Downtown!

and the ones across studemont will lose their views!

[Pumapayam]

I like it. Great location, too! Those east facing apartments are going to have awsome views of Downtown!

Until a taller building get contructed in between that one and downtown.

[HtownWxBoy]

and the ones across studemont will lose their views!

the circle of life

Until a taller building get contructed in between that one and downtown.

the more the merrier!

[Houston1stWordOnTheMoon]

Handsome building. Maybe its being constructed to be converted over to condos at a later date. That rent is way high.

[MidtownCoog]

And not too far away (Waugh @ AP) we have tower that went from condos to apartments.

[Pumapayam]

the circle of life

the more the merrier!

I agree, as long as I was not the one that rented/bought a place that was advertised with "a view of downtown!"

[sevfiv]

building site?

if that's the place, it's the old Ed Sacks Wastepaper site

[nmainguy]

if that's the place, it's the old Ed Sacks Wastepaper site

Yep.

[Montrose1100]

Looks good! Great infill!! I'm excited about all these cool Houston projects.

[Talbot]

It's a nice looking building. Not too boring and not too gaudy.

[Highway6]

Chron article

[houstonfella]

Sweet! That's the second highrise over there. It is beginning to look like Houston has yet another skyline with AIG's 40 story tower, American General, Royalton and the new 25 story luxury condo tower. The location is about as good as it gets.

[The Great Hizzy!]

Just imagine if the Orions hadn't turned out to be a farce.

[Trae]

Not bad.

[houstonfella]

Just imagine if the Orions hadn't turned out to be a farce.

Yeah, Hizzy, I suppose the Orions were just way too much $$$ when so many other residential highrises are going up. It would have been nice. I think this one will fly because it is really nice and in the right location. I wondered years ago if that great piece of real estate would ever be developed and now, perhaps, we have liftoff.

[lockmat]

where did westerngulf get that rendering? do we have a link for it?

[ChannelTwoNews]

where did westerngulf get that rendering? do we have a link for it?

I think he may have saved it when some of the original articles were active since I recall seeing it elsewhere.

The same rendering is also featured on the architect's website in the residential section of their portfolio under the name "Memorial Drive". I've also seen the vague mention of "Fall 2007" as a date for groundbreaking. Is that still correct?