Posted Feb 22, 2019, 8:13 PM
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Join Date: Jan 2009
Location: Chicago, IL —-Austin, TX
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Apartment projects on former Chelsea Market site, to start construction later this year, filings show
Quote:
State filings show Phoenix-based Alliance Residential plans to start construction on two more in-town apartment projects later this year.
Broadstone Memorial Park at 7721 Washington Ave. will be across Interstate 10 from Memorial Park and Broadstone Museum District at 4617 Montrose will rise on the site of the former Chelsea Market development vacated by tenants late last year.
Requests for comment from Alliance weren’t immediately returned.
Both filings on the state’s licensing and regulation department website list Aug. 1 as a start date and attribute Houston-based EDI International as the design firm for each project. Contractor information wasn’t listed.
EDI International’s website describes Broadstone Museum District as a 16-story high-rise with four floors of parking beneath and 357 units. Until now, Alliance hasn't built a high-rise project in Houston, said Bruce McClenny, president of ApartmentData.com. He defines high-rises as at least nine stories tall.
County appraisal records show Alliance doesn’t yet own the tract of land appraised at $8.9 million in 2018.
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