[Urbannizer]

http://blog.chron.com/primeproperty/...er/#21137101=0

Originally Posted by Chron

Dinerstein to break ground on high-rise rental tower

Despite a potential slowdown in the Houston economy, the Dinerstein Cos. is not losing steam.

The apartment development firm is expecting to begin construction next week on a high-rise at Holcombe and Cambridge that it announced last fall.

Even with the plunge in oil prices and the escalation of in close-in apartment construction, the inner-city is still a smart play, said Clay Hicks, Dinerstein’s president of apartment management.

“People really want to live where they work and play and eat, and I don’t think that’s going to change,” said Hicks, who recently joined the company after 8 years at Greystar.