$96.5M apartment complex rising in West Houston aims to attract 'middle-income' families
Developer Resia expects to begin leasing the 573-unit apartment community next quarter, with final construction slated for 2024.Houston is about to get an influx of new apartment units priced for the average worker in the region with a 573-unit project gets underway just west of the Energy Corridor.
It’s the first Houston project for Resia, which has eight others underway across the Sun Belt as it strives to provide quality housing for residents getting priced out by rising rents, the company said. “No units earmarked units for ‘affordable,’ but the units are considered workforce since we will be charge below the median rent of the new towers in downtown or in the overall Houston MSA,” he said. “We will be charging right in the middle of what our nearby competition is charging, however the pitch is that our product is brand new versus the existing product in the area.”
Gonzalez said Resia was attracted to the area because of the abundance of nearby jobs in the Energy Corridor and medical campuses.
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