HOUSTON – Fein, a Houston-based multifamily development, construction and property management firm, has started a new multifamily development, west of Houston. The Grand at LaCenterra, to be located within LaCenterra at Cinco Ranch, a 34-acre mixed-use town center development located in Katy, Texas.
With opening set for the 2nd quarter of 2015, The Grand at LaCenterra will be a four- story, luxury multi-family rental community featuring 271 one-, two- and three-bedroom units, averaging 984 square feet. The property will feature expansive lake views and residents will enjoy convenient access to their cars as the development surrounds a multi- level concrete parking garage.
The Grand at LaCenterra will provide an attractive housing option to those looking to take advantage of the walkable design of LaCenterra, a mixed-use town-center destination in Katy with shopping, dining and entertainment.
Fein’s multifamily development will be located within the 8,074-acre Cinco Ranch master planned community which was ranked #3 in new home sales on the list of top master-planned communities in the United States in 2013. Cinco Ranch has been a popular choice for people who are employed in the fast-growing Energy Corridor district of west Houston where many energy companies have offices.
The Grand at LaCenterra will offer amenities such as a fitness facility, a yoga/training/spinning studio, a library and a resort style pool and spa with poolside cabanas. Interior unit amenities will include 10-foot ceilings, stone countertops, stainless steel appliances, and full-size washers and dryers.
The Grand at LaCenterra is situated within LaCenterra at Cinco Ranch, bordered by Cinco Ranch Blvd. and The Grand Parkway.
EDI-International, Inc. provided architectural services while interior design services were provided by Moore Design Group of Dallas. Westchase Construction, Ltd., an affiliate of Martin Fein Interests, Ltd. will be the general contractor for the development.
Eagle Realty Group, a real estate investment and property management company, is providing equity financing for the development while BBVA Compass Bank is providing the construction financing. Equity financing was arranged by Hal Holliday of CBRE.
Founded in 1989, Martin Fein Interests, Ltd. is a regional development firm that has developed approximately 12,000 luxury apartments in Houston and the Southwest region, including Denver, Tucson, San Antonio and Austin