HOUSTON | Chelsea at Museum District | FT | 18 FLOORS

Urbannizer · #1 Posted **Sep 2, 2015, 5:19 PM**

Developer: Deccan Development
Architect: ?
Type: Residential (96 units)
Location: Blodgett Street, near Crawford & La Branch, Museum District
Construction Timeline: October 2015 Start Date - Early 2017 Completion

http://crowd-lender.com/CampaignDetails.aspx?campid=14

Quote:

Deccan Development (Sponsor) is constructing a 95-unit, luxury multi-family complex (“The Chelsea”) in Houston, Texas. This project is located in the highly desirable Museum District area, within 2-3 miles of the two major employment hubs, Texas Medical Center and Downtown Houston. The Chelsea fills a need in the Museum District for luxury high-rise apartments that are competitively priced, have a full set of amenities, and have a more exclusive feel compared to older buildings or newer luxury complexes that are much denser.

The total project cost is estimated to be $34.5 million, of which $14 million (40.6%) is equity, and $20.5 million (59.4%) is debt.

The land has been procured, and pre-development work is well under way. The City of Houston has granted planning pre-development approval; Soil testing and environmental surveys are complete; Architect and Engineering plans are close to completion. Developer expects to break ground in October, 2015. The construction period is 18 months.

Sic'EmBears · #2 Posted **Sep 2, 2015, 5:21 PM**

How gaudy.

Urbannizer · #3 Posted **Sep 3, 2015, 6:04 PM**

Waiting to see a more detailed rendering; the project is a big improvement over whats on the site as of now.

Shasta · #4 Posted **Sep 4, 2015, 12:27 AM**

Quote:

Originally Posted by Sic'EmBears

How gaudy.

So it would fit in up in Dallas?

Urbannizer · #5 Posted **Oct 13, 2015, 3:56 AM**

Rendering:

JoninATX · #6 Posted **Oct 13, 2015, 4:18 AM**

Looks good. Another high-rise about to get underway in Houston!

photoLith · #7 Posted **Oct 13, 2015, 4:29 AM**

Looks like crap. I don't like it when they try to do historic architecture but fail miserably at doing so.

Urbannizer · #8 Posted **Jan 28, 2016, 5:03 PM**

Demo permits issued for the project (1501 Blodgett), excavator on site.

Urbannizer · #9 Posted **Jan 30, 2016, 11:42 PM**

Site being cleared:

Urbannizer · #10 Posted **Feb 2, 2016, 5:21 PM**

c/o Swamplot:

Wattleigh · #11 Posted **May 24, 2018, 5:07 AM**

Information from 'houstontexasjack' on HAIF today...

Quote:

According to the developer’s office, they are targeting a late 2019/early 2020 groundbreaking for this project. The current discussion centers around ground floor retail featuring a coffee shop/bakery, small grocery store, and a “high-end” hair and nail salon.