UNITi Montrose: 9-Story Apartments At 701 Richmond Ave.

[dbigtex56]

On 3/8/2022 at 9:14 AM, clutchcity94 said:

Doesn’t look like any demolition permits have been granted yet.

Any way you look at it, that wallpaper has got to go.

[hindesky]

[clutchcity94]

On 4/16/2022 at 4:48 PM, hindesky said:

Good news for D&Q! More customers.

[hindesky]

The one house on Stanford is boarded up but the two on Greeley aren't.

[hindesky]

Construction fencing is up around the building, parking lot and 2 of the 3 houses. Entrance is on Stanford St.

[toxtethogrady]

On 4/18/2022 at 4:46 PM, clutchcity94 said:

Good news for D&Q! More customers.

So the rendering was for something six floors taller. Has it been revised?

[hindesky]

14 minutes ago, toxtethogrady said:

So the rendering was for something six floors taller. Has it been revised?

Original render was a 15 story building. New render is a 9 story. Render is on pg. 1 of the topic.

Edited May 28, 2022 by hindesky

[hindesky]

Waste Management was making its last trash pick up when the truck broke down, heavy duty wrecker had to haul it off.

[hindesky]

Surely this means work is starting soon, a newly added Port A Potty.

[houstontexasjack]

The property was conveyed to “Shelter Montrose Owner, LLC” on June 27th. That entity got $40MM in construction financing:

 

[clutchcity94]

I feel like after the Montrose & Westheimer corridor, this little southeastern pocket in Montrose is going to look the most different in 5-10 years compared to today.

[houstontexasjack]

Civitas Capital appears to be the group behind the entity that owns this parcel:

https://www.civitascapital.com/closed-alternative-investments/

 

[hindesky]

Work has officially started. I saw them throwing debris out a second story window, they added a second port a potty and Archcon signage on the fence.

[hindesky]

Roll off dumpster arrived, they were throwing out debris out this window but closed it. They have added a ventilation system with plastic tubes coming out a few windows. I wonder if it has asbestos?

[toxtethogrady]

Six stories now? Either that does not reflect the garage floors, or it's the Incredible Shrinking Building...

[Paco Jones]

6 minutes ago, toxtethogrady said:

Either that does not reflect the garage floors

You are correct, it does not reflect the garage.  The garage and residential portions were designed separately for this project.  Same core design team but separate design/construction documents (and also may have been permitted that way as well). 

[hindesky]

Cast in place using a tower crane according to an Arch-Con worker I talked with. Has asbestos.

Edited July 21, 2022 by hindesky

[hindesky]

The heavy artillery has arrived, Cherry Companies.

https://cherrycompanies.com

Edited July 28, 2022 by hindesky

[hindesky]

[hindesky]

Now Cherry Companies can get to work doing what they do best, tearing shit up.

[clutchcity94]

45 minutes ago, hindesky said:

Now Cherry Companies can get to work doing what they do best, tearing shit up.

I certainly hope this building isn’t another Post 510.  This section of Richmond needs some power washing and updating.

[hindesky]

The one track hoe started tearing down the fences as I passed by.

[hindesky]

 

Edited August 23, 2022 by hindesky

[hindesky]

Garage apartment is down and the backyard fencing.

[hindesky]

One house down.

Edited August 23, 2022 by hindesky

[clutchcity94]

6 minutes ago, hindesky said:

One house down.

It’s crazy they’re knocking the house at 4312 Greeley down. It was really nicely renovated and had a pool and everything. I remember going to the open house back in 2019, just before it sold for $749,000. I wonder how much the developer paid the homeowner that bought for $749k.

[hindesky]

[hindesky]

Office building is down. The house on Stanford St. will be the last to come down.

[hindesky]

[hindesky]

The house on Stanford St. was taken down.

[hindesky]

[hindesky]

[hindesky]

[hindesky]

[hindesky]

Newest render on the Arch-Con website.

[clutchcity94]

16 hours ago, hindesky said:

Newest render on the Arch-Con website.

Is that only a leasing center or will it also have ground floor retail?

[hindesky]

Arch-Con worker said the tower crane will be placed in the middle of this excavation. TAS concrete workers have showed up including Jake, their supervisor who was working the Binz II building but has moved over to this project.

[ChannelTwoNews]

UNITi Montrose

https://www.bizjournals.com/houston/news/2022/09/29/uniti-montrose-ground-breaking.html

Edited September 29, 2022 by ChannelTwoNews

[Luminare]

21 minutes ago, ChannelTwoNews said:

UNITi Montrose

https://www.bizjournals.com/houston/news/2022/09/29/uniti-montrose-ground-breaking.html

Is that portal up top Jesus's personal entry haha. Who needs the sports car in the rendering when you can go through the portal via god rays.

[wilcal]

Quote

Drumm said most of the units will have three or four bedrooms with a single kitchen and laundry area that all of the residents can access. The Shelter Cos. will help to line residents up with roommates to fill out each unit.

“It saves them the hassle of having to find a roommate, and each resident signs their own contract, so they are not on the hook for anyone else’s rent,” he said. “We believe there is a market for renters who just got out of college and are used to living with roommates.”

The building will also offer a number of “microunits,” essentially smaller-than-average studio apartments with their own, albeit “pint-sized,” kitchen. Those units will be between 320 square feet and 420 square feet and cost between 10% and 20% less than a traditional studio apartment, which is typically around 500 square feet, Drumm said.

Every UNITi Montrose resident will have access to common amenities, which will include a courtyard pool with grills, two club rooms, a sky lounge with an outdoor patio and a fitness center. Each floor will also have its own area that offers a different communal space. On one floor, for example, there will be a yoga room. Yet on another floor, The Shelter Cos. plans to install a gaming lounge where residents can get together to compete in e-sports.

Interesting! I'd love to see one of the micro units

[hindesky]

So it's a Meek Partners design and includes 4000 sq. feet of retail.

[clutchcity94]

Can someone paste the full article? Paywalled.

[hindesky]

1 hour ago, clutchcity94 said:

Can someone paste the full article? Paywalled.

From the Biznow article.......

"Amid climbing rents that have priced young professionals out of vibrant urban environments, a residential development subsidiary of Dallas-based Civitas Capital Group is set to break ground on a co-living project that matches renters with roommates and offers amenities from gaming lounges to yoga studios in a sought-after locale: Houston’s hip Montrose neighborhood.

The Shelter Cos. is the developer behind Uniti, a 238-unit development set to go up at 701 Richmond Ave., the Houston Business Journal reported. The nine-story, 199K SF project will be the first of a number of such projects aimed at bridging the gap between stretched incomes and rising rents, per The Shelter Cos. website, which lists dozens of target markets across the country, from the Sacramento, California, metro in the West to Miami; Charlotte, North Carolina; and Washington, D.C., on the East Coast.

The company is targeting renters paying more than 30% of gross income in rent, a demographic that includes 37.5% of income-earning households, mostly making between $40K and $100K annually.

While the Houston project will have 238 units, it will offer 381 leasable bedrooms. Shelter Cos. will help line up roommates for the bedrooms, which will be configured in three or four-bedroom units with shared kitchen and laundry areas.

“It saves them the hassle of having to find a roommate, and each resident signs their own contract, so they are not on the hook for anyone else’s rent,” Shelter Cos. Managing Partner and co-founder Mark Drumm told the HBJ. “We believe there is a market for renters who just got out of college and are used to living with roommates.”

Uniti Montrose will also offer some micro-units of between 320 SF and 420 SF that will be smaller and about 10% to 15% cheaper than traditional studio apartments, the HBJ reported. In addition to a gaming lounge offering esports, shared amenities will include a sky lounge with an outdoor patio and a fitness center, a pool with grills, two clubrooms and specialty communal space on each floor, such as a yoga room.

Drumm told the HBJ the idea was sparked by a tour of a co-living building in London four years ago. According to its website, the company hopes to take the concept national, but its primary target markets are all in Texas, including Dallas, Austin and San Antonio.

“'Co-living' can be a scary word to some people, but this just made sense to us,” Drumm told the HBJ. “Young people have been priced out of apartment living in so many areas because the rents just keep getting higher, especially in hot urban centers."

Co-living has been on shaky ground over the last few years. Though Common has thrived, companies like The Collective and Quarters have gone bankrupt as renters moved out of dense urban markets and sought more living space during the pandemic."

Edited September 30, 2022 by hindesky

[thatguysly]

I had an apartment in college that was four bedroom with individual contracts. We had a friend back out and took a fourth random person in that the apartment found. It was a nightmare. Awful roommate who never chipped in for utilities. It is a good concept but sucks when you get stuck with a dud.

[iah77]

2 hours ago, thatguysly said:

I had an apartment in college that was four bedroom with individual contracts. We had a friend back out and took a fourth random person in that the apartment found. It was a nightmare. Awful roommate who never chipped in for utilities. It is a good concept but sucks when you get stuck with a dud.

This is literally the whole concept of tenement housing .. Multiple rented rooms with shared kitchen/bathroom. I mean I think its a great idea from an affordability standpoint but there's probably a reason they were totally phased out in the US .. 

[Moore-to-it]

4 hours ago, iah77 said:

This is literally the whole concept of tenement housing .. Multiple rented rooms with shared kitchen/bathroom. I mean I think its a great idea from an affordability standpoint but there's probably a reason they were totally phased out in the US .. 

You  would  be surprised  what 20 year Olds will tolerate  to have their own space....I had 5 at 21..

One never bathe 

One would  get drunk snd punch holes in the drywall 

One sleep walks in the .nude

And two I'm convinced  were in a secert gay relationship..because  they use to share a bed all the time... quite a few times I came home late and the bedroom  door was locked ( they  had the only other bathroom).

 

But hey it was a3 bedroom  condo, split 5 ways so rent was dirt cheap 

[004n063]

I'll say this: I'm in my 30s and would 100% consider moving here.

 

The history behind the phasing out of tenements is an interesting one worth looking into if you have time. It's too much to explain fully here, but it basically boils down to something very similar to what we see in the current right/left NIMBY alliance: some people wanted to do something about the lack of tenants' rights so flagrantly on display in tenements, and others wanted to do something about the undesirable poors bespoiling their pristine neighborhoods.

Decent building codes and legal rights for tenants can go a long way, and we've got those.

Also, let's be real - there will probably be a lot of 22-year-old kids living there with lawyer parents, so I don't think the risk of serious abuses is very high.

[hindesky]

[hindesky]

[77002er]

My prediction is that this concept will fail within 5 years and it will be converted into 1 and 2 BR apartments