Golden Triangle tower digs in on $100M in construction

Burl Rolett February 2, 2017 0

Greystar's tower will add another 300 apartments to the southern portion of the block. (Burl Rolett)

Greystar’s tower will add another 300 apartments to the southern portion of the block. (Burl Rolett)

The developers on Speer Boulevard’s next big apartment building just got the okay to build $100 million worth of apartments. And to separate this one from the others popping up in the neighborhood, architects have included an open-air dog park.

Houston-based Greystar got the first $93.5 million of construction permitted on a 16-story Speer Boulevard apartment tower last week. It’s at least the third massive apartment complex to get started on the edge of the Golden Triangle in the last few years.

Greystar’s tower will add another 300 apartments to the southern portion of the block, leaving a cluster of smaller buildings untouched near 10th Avenue. The firm bought the land last spring for $14.79 million.

Plans show a first floor with a leasing office, two-story townhome apartments, 12,500 square feet of retail space and a valet.

The third floor has a dog wash station and its own fenced-off place for Fido to run around on artificial turf.

Greystar also is planning to build a pool, deck, club lounge and fitness area. There’s another lounge planned for the top floor.

Greystar bought the land last spring for $14.79 million. (Burl Rolett)

Greystar bought the land last spring for $14.79 million. (Burl Rolett)

Most of the apartments will be on the seventh floor and above. The unit mix is split, with about 160 studios and one-bedrooms, and 140 units with two or more bedrooms. Residents will park in a five-story parking podium slated to include 513 spots.

Ziegler Cooper is the architect on the tower and Milender White Construction Co. is the general contractor.

Out-of-state developers have been bullish on Speer Boulevard. Texas-based Lynd Co. built the Joule apartment building (now called 1000 Speer) a few blocks north of Greystar’s site, where rent starts at $2,200 for a 711-square-foot, one-bedroom apartment. That building’s three-bedroom townhomes are advertised at $4,875, with penthouses topping out at $6,900.

And in February 2016, California’s Legacy Partners bought a little more than two acres at Speer Boulevard and 13th Avenue with plans of turning a surface parking lot into a seven-story apartment building.

Eviva Cherokee, under construction near 13th and Cherokee, also will add another 270 apartments to the Golden Triangle.

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