Posted Jan 8, 2018, 5:38 PM
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Moderator
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Join Date: Jan 2009
Location: Chicago, IL —-Austin, TX
Posts: 12,723
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Houston developer’s long-awaited apartment tower in Upper Kirby underway
Quote:
Hanover River Oaks — a luxury apartment tower originally proposed in 2014 — broke ground in Upper Kirby last month, according to Holliday Fenoglio Fowler LP.
HFF announced Jan. 4 that it represented Houston-based Hanover Co. and institutional investors advised by J.P. Morgan Asset Management to capitalize the equity and construction financing for the project’s development. HFF’s team representing Hanover included Managing Director Cortney Cole, Executive Managing Director Scott Galloway and Director Dustin Selzer.
According to HFF, Hanover River Oaks will have 370 residential units and nearly 10,000 square feet of ground-floor retail space. Units will average 1,172 square feet and include such features as stainless steel appliances, stone countertops, garden tubs, computer niches and/or dry bars, floor-to-ceiling windows, and faux-wood and tile flooring throughout.
The first units are expected to be available in the first quarter of 2020, according to HFF.
The tower also will feature a rooftop pool with sunbeds and poolside cabanas, outdoor grilling and dining stations, 24-hour fitness club, clubhouse with lounge seating, catering kitchen with private dining room, private theater, landscaped garden courtyard, water wall garden, pet washing station, 24-hour concierge and controlled-access parking garage, per HFF.
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