HOUSTON – (Realty News Report) – AHS Residential has acquired the last remaining parcel in Wolff Companies’ Ten Oaks, an 83-acre master-planned development on the western edge of The Energy Corridor.
AHS plans to develop three 12-story apartment towers with 576 units on the 6.6-acre site, located near the Katy Freeway and Barker Cypress Road.
Ten Oaks is near the corporate or division headquarters of major employers such as Wood, BP, ConocoPhillips, Shell Oil and others.
“This will be AHS Residential’s first high-rise apartment complex in The Energy Corridor, greatly complementing the retail and healthcare uses already in place at Ten Oaks,” said Carolyn Wolff Dorros, Executive Vice President, Wolff Companies. “The community will not only appeal to those who want to live near where they work, but also add to the diverse housing offerings in West Houston.”
The Ten Oaks project will be AHS Residential’s first in Houston and second in Texas. As part of its expansion outside Florida, the company recently broke ground on its first Atlanta, Georgia multifamily project. AHS Ten Oaks will provide modern economical apartments to the growing sub-market. AHS Residential’s construction method uses prefabricated modular elements and ground-breaking concrete form technology to achieve cost-savings that are passed on to residents.
“America is facing extreme housing shortages, and we can build at a pace and price point that no other multifamily developer can,” said Ernesto Lopes, CEO of AHS Residential, a division of MRV&Co, one of the largest homebuilders in the world. “We are bringing our product to markets where the need is greatest and Wolff Companies’ Ten Oaks development offers the ideal location to fulfill that vision.”
The Ten Oaks project will be AHS Residential’s first in Houston and second in Texas. As part of its expansion outside Florida, the company recently broke ground on its first Atlanta, Georgia multifamily project.
“AHS Residential acquired a highly coveted parcel to fulfill their vision,” said David S. Wolff, Chairman and President of Wolff Companies. “West Houston continues to attract new residents to the area with its employment opportunities, quality school districts, and the variety and quality of amenities in the area, includingentertainment, dining and retail in City Centre and Town and Country and world-class healthcare in Texas Medical Center West Campus. Ten Oaks is an ideal location for a residential project of this caliber, due to our stringent development standards, excellent access and location in The Energy Corridor – the ‘downtown’ of West Houston.”
David Wolff, called the father of the Energy Corridor, is credited with popularizing the name of the Energy Corridor, a district that is known around the world.
Wolff Companies has been investing in The Energy Corridor for nearly 50 years, having developed more than 1,000 acres in the region, including Park 10 and Westlake Center. The Company is currently focusing on its 78-acre Central Park development, located along I-10 between Highway 6 and North Eldridge Parkway. Central Park is already the home of MD Anderson Cancer Center’s West Houston campus and a 342-unit multi-family development, the Vista at Park Row.
Nov. 18, 2021 Realty News Report Copyright 2021
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File: Three Apartment Towers Planned