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Studemont Junction Multifamily


Urbannizer

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  • 2 months later...
  • 2 weeks later...

Looks like part of this tract is being sold for 200 more apartments/TH rentals...likely the vacant parcel between the current apartment building going up and Larkin St...

 

https://www.bizjournals.com/houston/news/2019/04/22/houston-developer-to-buy-land-near-washington-ave.html?iana=hpmvp_hstn_news_headline

 

Quote

 

Houston-based Urban Genesis, the developer that selects small tracts of land for more boutique-style apartment buildings with fewer units in popular locations, is buying land for another project near the Washington Corridor.

The company plans to close this week on 2.3 acres near Summer Street and Studemont for a new 200-unit project called Co-op at Summer Street, expected to break ground this summer.

Co-op at Summer Street will have about 150 apartment units and 50 townhomes, said Matt Shafiezadeh, who oversees strategy and investments for the group.

 

 

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On 4/22/2019 at 5:18 PM, CrockpotandGravel said:



More from the website of Broadstone Summer Street, 3030 Summer St in Houston.

https://broadstonesummerstreet.com/



Rooftop deck with downtown views
yKEXP22.jpg
 

 

That angle is so off it's not even funny. What is this, in Montrose?? Looks like their other apartment complex off of Dallas.

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On 6/22/2019 at 12:39 PM, Triton said:

 

That angle is so off it's not even funny. What is this, in Montrose?? Looks like their other apartment complex off of Dallas.

 

The image is from one of the other properties they constructed, Tinsley on the Park formerly Broadstone Tinsley Park. It's included to show one of the amenities the property will have.

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  • 4 months later...
11 hours ago, Urbannizer said:

Studemont Junction will not extend past Summer St. Last remaining parcel is on the market.

 

https://issuu.com/dmre/docs/191107_-_3030_summer_st_-_om_5b0790a50d59ac

 

No surprise. Their proposals never really gained traction. I believe they had some half-baked concepts that may have the right intent, but failed to meet the market's demand.

 

I think Gulf Coast's lower Heights proposal shows that this is a difficult spot. Is it high density or low? Takes time for the higher density stuff to seem reasonable. Hopefully someone grabs this land with a good vision and strong financial backing to take the risk for something good / forward thinking.

 

Props to nearby Gulf Coast Commercial for getting Lower Heights off the ground. I continue to hope for a thoughtful mixture of walk-able commercial developments here.

Edited by Avossos
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  • The title was changed to Studemont Junction
  • 6 months later...
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  • The title was changed to Studemont Junction Multifamily
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