[Urbannizer]

Developer: Interfin
Architect: Ziegler Cooper
Type: Multifamily
Location: Asbury Pl, Rice Milatary
Construction Timeline:

Interfin Plants its Flag at Buffalo Bayou

May 24, 2017

*This was mentioned to me earlier in the year. It's likely Harvey has affected plans for a high- rise here.

Cathexis Real Estate Development, a subsidiary of Houston-based Cathexis Holdings, is in the catbird seat with its ownership of prime Buffalo Bayou waterfront property — property that Interfin Corporation wants to develop.

Cathexis owns 9.25 undeveloped acres on the south end of the Rice Military neighborhood, just across the bayou from River Oaks Country Club. According to state records, Interfin — a Houston developer of luxury residential properties — wants to build a 28-story luxury apartment tower on the site. The tower will include a pool deck on the eighth floor.

Such a filing implies the land is either under contract, or Cathexis is collaborating. But Cathexis is in the oil and gas business and uses its real estate operation primarily to acquire energy-related resources. Interfin has made no official announcement and did not respond to our request for comment.

However, the project architect, Ziegler Cooper Architects, gave the state notice of plans for a tower with an estimated project cost of $92 million.

The project name is Avant Buffalo Bayou, and it has an estimated construction start date of October 2017. Ziegler Cooper stated the project would take about 27 months to complete.

Meanwhile, Interfin Holdings LP filed for a trademark registration on March 15 for the name ‘Avant Residences’ and a logo symbol. The trademark will be used for marketing and sales, as well as the management and operation of a real estate development, according to the filing.