New Hines multi-family development to overlook Houston landmark
Real estate firm Hines, along with joint venture partner Hines Global Reit, has begun construction of WaterWall Place, a seven-story, 316,000-square-foot, 322-unit luxury for-rent residential community in Uptown Houston.
The complex will be located on a three-acre site at the northeast corner of Hidalgo Street and McCue Road, overlooking the Gerald D. Hines Waterwall Park.
The project is being developed by Hines' new multifamily division and represents its first of several planned projects in Houston.
WaterWall Place is being constructed by general contractor Urban Oaks Builders. The parking garage for WaterWall Place will be the first structure built, with residential building construction starting in mid-September. The project will deliver first units for occupancy in November 2013, with final completion in June 2014.
Alan Patton, senior managing director in charge of the firm's multifamily division, says: "Hines has a legacy of delivering high-quality projects all over the world. We expect that legacy to continue with WaterWall Place - a pedestrian-oriented, classically designed residential community adjacent to the iconic Williams Tower, The Galleria and the Waterwall."
Designed by Wallace Garcia Wilson with Jackson Ryan as design architect, the steel-framed WaterWall Place will form a "U" shape surrounding a grand courtyard space. The residential units and club amenities located on the ground floor podium level will feature 11-foot ceilings, as will the penthouse level. The project's façade will be clad cast stone and rose-coloured brick to complement the colour palette of the adjacent Waterwall. The project's one- and two-bedroom apartments will range in size from 700 to 1,740 square feet and will include high-quality finishes. In addition to the views of the park, residents will enjoy state-of-the-art common areas, a resort-style pool, a fitness centre, a business centre and a seventh-level sky lounge for resident activities.
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