HOUSTON – (Realty News Report) – A six-story residential tower with micro-units, co-living and roommate-oriented apartments is under construction in the Montrose district of Houston.
Civitas Capital Group, through its residential development subsidiary The Shelter Companies, is developing the 238-unit, 381-bed project at 701 Richmond Avenue, about three blocks east of Montrose Boulevard.
In the mid-1960s, Houston’s first hippies lived near there, in an era when young people embraced the counterculture of the time and the anti-war movement.
The new development is called UNITi Montrose.
General contractor Arch-Con Corporation is constructing the 199,320-SF multifamily building stacked on a three-story, 109,000-SF cast-in-place concrete parking garage. Designed by Meeks Partners, the development includes 14,122 SF of amenities, balconies, a fourth-floor pool and courtyard, and 4,000 SF of retail space on the ground floor.
Arch-Con began working with Shelter and Meeks Partners in the spring 2021 on pricing and design. “Multifamily projects of this type require measured preconstruction efforts to ensure they are economical and timed just right,” Arch-Con’s Vice President of Multifamily Bryan Tufts said. “Making sure this project was cost-effective for Shelter and its future residents was equally important as we thrive on finding the best solutions for our clients.”
Shelter is a disrupter in the traditional multifamily market, anticipating historic shifts in the Sun Belt region of the United States to accommodate residents. UNITi Montrose is an example of the firm’s investment strategy to deliver solutions for cost-burdened renters.
“UNITi Montrose will provide fully furnished units, flexible lease terms, Class A amenities, and all-inclusive rent payments that provide a frictionless experience to an evolving demographic of renters,” Shelter’s Principal Mark Drumm said. “We are seeing that renters are willing to share certain amenities in exchange for convenience, flexibility, and high-quality living, and this project provides just that.”
Oct. 1, 2022 Realty News Report Copyright 2022
File: Montrose Micro Apartments Underway
Image: Courtesy Arch-Con. Architecture Meeks Partners.. Developer Civitas Capital Group/The Shelter Companies