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Old Posted Oct 21, 2018, 10:28 PM
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https://www.forbes.com/sites/cynthia.../#4e48dfbb478b

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Oct 18, 2018, 10:11am

Midtown Houston's First Apartment Tower Is First U.S. Project For Australian Developer Caydon

Cynthia Lescalleet
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Caydon's 27-story high-rise apartment tower rising in Houston's Midtown will have 357 units and 360-degree views of the city.COURTESY OF CAYDON PROPERTY VIA LOVEWELL CREATIVE

Australian-based private developer Caydon appreciates the potential in Houston's park- and rail-friendly Midtown. Since snapping up a block for an apartment tower three years ago, the company subsequently acquired two adjacent parcels for future pieces of a mixed-use development to occupy the three blocks assembled.

The first project out of the ground, a $200 million, 27-story residential tower with ground-level retail, is Caydon's first U.S. project. It's also the first high-rise apartments in the chute for a redeveloping area in the urban core featuring several mid-rise residential properties.

Now half-complete, the new tower – named "2850" for its address on Fannin Street – held a sneak peek tour of what's to come: 27 floors, 357 units, a half-acre amenity level with pool, fitness center, separate yoga studio, outdoor kitchen and gathering space and a "backyard" for those who feel they may have missed out on having one by choosing to live up instead of spread out. The top floor features a 4,000-square-foot indoor-outdoor sky lounge for residents' use.

Houston-based Ziegler Cooper Architects designed the 342,000-square-foot project, which has 360-degree views of Houston. Interiors are smart, both in their clean, modern lines and in their incorporation of technology, from app-activated door latches to self-learning temperature and lighting controls.