DEVELOPMENT
New project to bring 163 units, townhomes to Waterway area Seven-story apartments start work
progress is Two Lakes Edge in Hughes Landing, a -unit facility set to open in . The company’s multifamily buildings have about a % occu- pancy rate on average, Carman said. Carman said additional multifamily projects could come to the area in upcoming years. “I think if the market demands these in our urban areas we’ll provide them,” he said. “This is a boutique project ... much smaller than a typical development and we like that.” The project could being preleasing next summer for a late opening, he said. Metrostudy Houston Regional Direc- tor Lawrence Dean said multifamily homes cater to a dierent demo- graphic than single-family homes but one that is growing. “We found several years ago when ExxonMobil opened its new campus just south of The Woodlands, we thought everybody that had relocated from other parts of the country would immediately buy a house. ... [But] we found that wasn’t actually the case even though these people absolutely could buy a house right now. They had never lived in Houston ... before so they wanted to rent for a little while [and search the market],” Dean said.
BY VANESSA HOLT The Howard Hughes Corp.
announced June it began construc- tion on a yet-to-be-named multifam- ily residence at Six Pines Drive and Timberloch Place in The Woodlands, which will bring residences to a seven-story building on . acres of land at the site in . The ,-square-foot complex will include one-, two- and three-bed- room apartments as well as street- level townhomes. Units in the building will have an average unit size of , square feet, according to a news release. The project is adjacent to several other Howard Hughes apartment buildings in the area—The Millen- nium Six Pines and The Millennium Waterway. The new project shares some architectural features with those properties, such as a design elements, according to the company. Jim Carman, senior vice president for commercial development for The Howard Hughes Corp., said the project is designed to appeal to a wide range of renters, from single people to empty-nesters as well as those who own another home but want to live near work during the week. “There’s a market demand for this type of housing and particularly in the more walkabout urban areas of The Woodlands,” Carman said. The project is the sixth multifamily community by Howard Hughes in The Woodlands. Another project in
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The currently unnamed building planned by The Howard Hughes Corp. will be the company’s sixth multifamily facility in The Woodlands area. The building will include 163 residential units near Woodlands Waterway.
NEWHIGH-RISE ON THE HORIZON
APARTMENT FEATURES: • Quartz countertops • Stainless steel appliances • Walk-in closets • Washer/dryer in units • Home automation technology
BUILDING AMENITIES: • Club room • Fitness center • Outdoor cooking • Bike storage • Gated entry • Coworking spaces
SOURCE:THEHOWARDHUGHESCORP./ COMMUNITY IMPACTNEWSPAPER
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The Woodlands edition • July 2019
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