New Luxury High-rise Upped from 35 to 40 floors; Houston’s Tallest apartment Tower

Weslayan New High-rise

Weslayan New High-rise

Houston Highrise Gets Construction Loan

Houston—PM Realty Group has obtained a construction-permanent loan for 2929 Weslayan, a 254-unit high-rise project in Houston. HFF, working on behalf of the PM Realty Group and its partner, worked to secure the loan through Pacific Life, though the terms were unspecified.

The apartment community is being developed by PM Realty Group in a joint venture with the Indure Fund, which is part of the National Electric Benefit Fund, the third largest Taft-Hartley Pension Plan in the United States. Indure kicked in most of the project’s capital.

Now that funding is in place, the project is slated for completion in early 2015. The building PM Realty Group’s first apartment development in the Houston market, though the hometown company has developed two high-rise apartments in Dallas, the Heights at Park Lane and 1400 Hi Line.

The Houston property will be a 40-story building on a 1.7-acre site in the River Oaks area, with 12,150 square feet of ground floor retail and a 547-space parking garage. Community amenities will include a fitness center, pool lounge and club area, cabana, fire pit and room service from an on-site restaurant.

Designed by RTKL Associates, 2929 Weslayan’s distinctive facade was “inspired by a flowing evening gown,” according to the architect. CF Jordan is the building’s general contractor, while Faulkner Design Group is the interior designer and Studio Outside the landscape architect.

By Dees Stribling, Contributing Editor

Lofts On Post Oak- Uptown Houston, TX

Lofts On Post Oak- Uptown Houston
1901 Post Oak Blvd
Houston, TX 77056

How convenient is this: your Lofts on Post Oak home is a quick walk away from the incredible stores of The Galleria, as well as many other retail shops. And when a friends says let’s have something really good to eat,” you’re in the right place, because dozens of the city’s best-known restaurants, bars and cafes are in the Uptown area. There’s nothing like living in the epicenter of cool.
Midrise:
1/1 – $150,000-265,000
2/2- $300-425K

Tower:
1/1 plus Study -$300-400,000
2/2 – $375-600’s

Floor Plans

Unique 8 Story Tower & 4 Story Mid-Rise
Pedestrian Friendly Lifestyle unique in Houston
Panoramic View of Uptown Houston
Internet Café & Coffee Bar with High Speed DSL, WiFi, Plasma TV’s and digital News Ticker
Theater with Stadium Seating and Surround-Sound
Six Resorts Style Pools
Billiard Room & HD TV Center
Conference Room with Business Center
Executive Fitness Center
Cardio / Spinning Room
Garage Parking with Controlled Access
Luxury Features Include:

Expansive Open Loft Floor Plan
Hardwood Flooring Stained Concrete Flooring
Slate Flooring in Kitchens and Baths
Open Kitchens with Gourmet Islands
Black-on-Black or Stainless Appliances Bottom Mount Refrigerators
Built-In Double Wall Ovens
Custom Color Accent Walls
Dramatic Arched Doorways
Media Niches Custom Track Lighting & Urban
Computer Libraries with Desks
Spacious Walk-In Closets
Built-in Bookshelves Full-Size Washers & Dryers
Spacious Master Bedroom Suites
Natural Stone Tub & shower Surrounds
Granite Slab Bath Countertops
Separate Walk-In Showers
Private Terraces

Super Service: Day and night, the Lofts of Post Oak staff is at your service. Call for valet help or concierge service and it’s done. Whether you need your best jacket cleaned or you need a shuttle to the airport, your wish is our command. Naturally, Lofts service includes careful attention to maintenance and security issues as well.

High-rise residence planned Downtown Houston, TX

The Novare Group, Atlanta base company plans to build $67 million dollar Rental High-Rise apartment building in Downtown Houston. The SkyHouse apartment will consist of 336 rental units, prices start around $1600/month for 800 Sq.ft. There are two other partners are seeking a public incentive potentially worth as much as $4 million. The tax break, the developer said, would help offset the high costs of building downtown – an area still expanding its residential population.

The development team could start construction as early as the first quarter of next year on what would be a 24-story tower along Main Street in the southern half of downtown

By Nancy Sarnoff | November 9, 2012 | Updated: November 9, 2012 11:30pm

http://www.chron.com/business/real-estate/article/High-rise-residence-planned-downtown-4025263.php

Home Prices Rise 5%, Hit 6-year high

The Uptown District is bounded by Woodway Drive to the north, the I-610 (West Loop) to the east, U.S. Highway 59 to the south, and Yorktown Street to the west.[4]
Several subdivisions, including Afton Oaks, Briarcroft, Briargrove, Broad Oaks, Briarmeadow, Del Monte, Larchmont, St. George Place, Tanglewood, and Westhaven Estates border Uptown Houston.

Great News for everyone, I hope we continue this progress. Please read below, thank you

WASHINGTON — A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006

CoreLogic, the real estate data provider, also said Tuesday that prices declined 0.3 percent in September from August, the first drop after six straight increases. The monthly figures are not seasonally adjusted. CoreLogic says the monthly decline reflects the end of the summer home-buying season.

Other measures have also shown healthy gains in home prices over the past year. The Standard & Poor’s/Case Shiller 20-city index rose 2 percent in August compared with a year ago, a faster pace than the previous month.

The price gains in the past year reported by CoreLogic were widespread. Prices have risen in all but seven states. And they declined in only 18 out of 100 large cities that are tracked by the index.

Some of the biggest increases were in states that suffered from the housing bust. Home prices in Arizona jumped 18.7 percent in the past year, the most of any state. Home prices in Idaho rose 13.1 percent, the second largest. Nevada’s home values rose 11 percent.

Home prices jumped 22.1 percent in Phoenix, the metro area with the biggest gain. Prices in Houston rose 6.6 percent, the second-highest increase.

http://www.statesmanjournal.com/viewart/20121107/BUSINESS/311070119/Home-prices-rise-5-hit-6-year-high
Written by

Christopher S. Rugaber

Associated Press

Houston, TX Midtown Arts District coming alive

Houston, TX is one of the best places in USA for Art & Museums. Now the Midtown arts are expanding, and it will bring more parks, diverse hives of creative activity and a critical mass of walk-able venues, including more restaurants and shops.

http://www.chron.com/entertainment/article/Midtown-Arts-District-coming-alive-3984510.php

By Molly Glentzer | Friday, October 26, 2012 | Updated: Monday, October 29, 2012 7:41am

Mario Williams in his first trip back to Houston.

Houston City Life

Could you blame a professional football player, to take a six year 100 million
contract to leave Houston? the answer is no, its a business.. we call football.
Well we all know that the Houston Texans are taking care of their business 6-1
record. Glad to see that Mario Williams & Buffalo Bills 3-4 are excited about coming back to Houston
to play this Sunday, and so are the Houston Texans who are 6-1 coming off a bye
week. Good luck Mario, but you can’t be on both sides of the ball this game.
prediction of November 4 head match up, Texans 38-14.. of course a Houston
Texans win!

http://sports.yahoo.com/news/bills-texans-preview-023659672–nfl.html
By NOEY KUPCHAN (STATS Writer) | The Associated Press

View original post

Mario Williams in his first trip back to Houston.

Could you blame a professional football player, to take a six year 100 million
contract to leave Houston? the answer is no, its a business.. we call football.
Well we all know that the Houston Texans are taking care of their business 6-1
record. Glad to see that Mario Williams & Buffalo Bills 3-4 are excited about coming back to Houston
to play this Sunday, and so are the Houston Texans who are 6-1 coming off a bye
week. Good luck Mario, but you can’t be on both sides of the ball this game.
prediction of November 4 head match up, Texans 38-14.. of course a Houston
Texans win!

http://sports.yahoo.com/news/bills-texans-preview-023659672–nfl.html
By NOEY KUPCHAN (STATS Writer) | The Associated Press