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Meyer Grove Apartments at 4605 North Braeswood


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  • 2 weeks later...
  • 2 weeks later...
10 hours ago, AREJAY said:

The two buildings next to the apartments are on the demo report today also - says new construction by Suvera properties 

http://swamplot.com/daily-demolition-report-you-lucky-dog/2019-03-01/

 

I did not know there were two buildings there.  Last week I thought to myself when is that single story office bldg going to come down.  Thought it's time was near! That second building is really far back on the property.

 

Here's some photos of today.  One bldg down, one to go!

 

OvsyFKV.jpg

 

pQzlH5J.jpg

 

 

ACa6Gz4.jpg

 

Edited by ekdrm2d1
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  • 3 weeks later...
  • 3 weeks later...

Old news, from 2012, but some info about the property.

 

HFF secures financing for southwest Houston multi-housing community

http://alex-donedeals.blogspot.com/2012_03_27_archive.html

 

Quote

 

HOUSTON, TX – HFF announced today that it has arranged financing for Meyer Grove Apartments, a 227-unit multi-housing community in Houston, Texas.
 
Working exclusively on behalf of Rockwell Management Corporation, HFF placed the 10-year, 4.37 percent, fixed-rate FNMA loan through Greystone Servicing Corporation, Inc.  Loan proceeds were used to acquire the property.
 
Meyer Grove Apartments is located at 4605 N. Braeswood directly across Loop 610 from Meyerland Plaza in southwest Houston.  The 7.34-acre site is close to the Texas Medical Center, The Galleria and Greenway Plaza. 
 
The 99 percent occupied property has seven residential buildings with one-, two- and three-bedroom units.  Community amenities include three swimming pools and two laundry facilities.
 
Houston-based Rockwell Management Corporation currently manages 20 multifamily properties with more than 5,000 units and six office buildings totaling 530,000 square feet.

 

  
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Did a little digging and the original owners, HFF Houston, that bought the property that were potentially going to build apartments here is now part JLL. Don't know if this means the apartments are still happening, but normally when a merger happens like this the new company has to take time to comb through the older companies assets. Hopefully they will still go thru with the plans.

 

Evidence (look at the top left corner):

https://www.hfflp.com/locations/houston.html

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Harris County Flood Control district buys former Meyerland apartment site for detention

https://communityimpact.com/houston/bellaire-meyerland-west-university/government/2019/11/14/harris-county-flood-control-district-buys-former-meyerland-apartment-site-for-detention/

 

Quote

After enduring multiple floods, the demolished Meyergrove Apartment property located at North Braeswood and I-610 could soon become a flood mitigation project in the Brays Bayou watershed.

 

The Harris County Flood Control District purchased the 7.7-acre site for $14.3 million in October, and preparations are underway to secure contracts for additional study and engineering for the site, HCFCD deputy director Matt Zeve said.

 

“It’s a lot of money, but I’d like to provide as much flood protection as possible, knowing the magnitude of the problem there and the density of development,” Zeve said.

Open lots with enough acreage to allow for effective detention facilities are rare inside the Loop, he said. “When we see a good opportunity like this, we do our best to make use of it.”

 

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11 hours ago, ekdrm2d1 said:

 

You think this should merge with the greater Braes Bayou projects, or keep them separate?

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On 11/14/2019 at 8:57 PM, ekdrm2d1 said:

I used to ride by these apartments all the time but the continuing flooding doomed them, the constant work on the trails stopped me from riding them a couple years ago. I wonder what they will do to maintain the Braes Bayou Bike trail that goes right next to them if they use it for flood detention. Hopefully the build a bike bridge over the pond.

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  • Highrise Tower changed the title to Meyer Grove Apartments at 4605 North Braeswood

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