HOUSTON – Hines, the international real estate firm, along with joint venture partner, Hines Global REIT, will build WaterWall Place, a seven-story, 316,000-sf, 322-unit for-rent residential project in Uptown Houston, adjacent to the Galleria mixed-use development.
The apartment building will be located on a three-acre site at the northeast corner of Hidalgo Street and McCue Road, overlooking the Gerald D. Hines Waterwall Park.
Hines said WaterWall Place is the first of several multi-family projects it has planned in Houston. WaterWall Place will begin construction in September and have its first units occupied in Novmeber 2013.
Designed by Wallace Garcia Wilson with Jackson Ryan as design architect, the steel-framed WaterWall Place will form a “U” shape surrounding a grand courtyard space.
Kevin Batchelor, Hines managing director and leader of the firm’s Southwest Region multifamily platform, said, “WaterWall Place is significant on many levels – it will be our flagship residential property in Houston; it is right next door to Hines’ corporate headquarters; it is located in a high-density, highly amenitized area; and it will add to the vibrancy of the Uptown neighborhood.”
Kevin Batchelor, Hines managing director and leader of the firm’s Southwest Region multifamily platform, said, “WaterWall Place is significant on many levels – it will be our flagship residential property in Houston; it is right next door to Hines’ corporate headquarters; it is located in a high-density, highly amenitized area; and it will add to the vibrancy of the Uptown neighborhood.”
Currently, Hines’ Multifamily Division has more than 5,000 units in projects in various stages of development. They are located in U.S. cities including: Atlanta; Austin, TX; Cambridge, MA; Denver; Houston; Miami; Minneapolis; Phoenix; St. Petersburg, FL; and Rockville, MD.