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This one will be similar to Alexan Heights, maybe a few floors taller.

Alexan Yale Street will be a multi-family development located at the northwest corner of Yale and 5th Streets. The development will consist of approximately 380 luxury rental units. Average unit size will be approximately 844 square feet. The clubhouse will consist of approximately 8,000 square feet and include the latest in amenity offerings. Additionally, Alexan Yale Street will feature a large, centrally located pool and courtyard with indoor/outdoor recreation areas. The property exterior will reflect the unique character of the Heights District by featuring a limestone and brick exterior, among other attributes. All interior corridors in the building will be conditioned.

http://www.alexanheights.com/alexan-yale-street/

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In another recent transaction, apartment developer Trammell Crow Residential acquired about 4.5 acres nearby at Yale and 6th from a longtime owner who has operated an industrial facility on the property since the 1940s. The developer is building a large multifamily project across the street.

 

http://www.houstonchronicle.com/business/columnists/sarnoff/article/Popular-corner-of-the-Heights-goes-from-industry-5748823.php

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http://www.houstonchronicle.com/business/columnists/sarnoff/article/Economist-says-city-s-east-and-west-sides-could-6051418.php?t=dd64cfe95c&cmpid=twitter-premium#/0

 

As the apartment market heads toward an expected slowdown, Dallas-based Trammell Crow Residential is about to start its second complex west of downtown in the Heights.

 

"What drew us to the Heights is the proximity to major employment centers," said Scot Davis, the company's senior managing director of development for Houston, adding that barriers to entry help limit competition. "It's difficult to find a multi-family site there."

Construction is expected to start this month on Alexan Yale Street, a 378-unit complex with four stories of apartments over two levels of parking, one below grade.

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Really surprised no one has been reporting on this one. The crane is up!

I saw it Friday morning while shopping at the new Sprouts on Yale and took a bad picture of it, I bet it's the crane from up the street at 6th St.

 

A8Czxp5.jpg

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