[Urbannizer]

Originally Posted by Chron

Record size residential project set to rise downtown

A developer plans to break ground in just a few weeks on perhaps the largest residential tower ever built in downtown Houston, a project symbolic of this city's healthy economy and downtown's emergence as a suddenly sought-after place to call home.

The Texas-size tower is set to rise 40 stories and house 463 apartments built to near-condominium standards, the developers said Monday.

"It's big," said Jack Lee, president of Oakmont Group, which is managing the construction. "It's bigger than any other downtown rental property we know of."

The project, to be called Market Square Tower, will be built just off Market Square Park on the southern half of the block bounded by Preston, Louisiana, Milam and Congress.

Units will range from a 550-square-foot efficiency to a three-bedroom, three-bath apartment with around 1,950 square feet. Rents will range from around $1,700 to $8,800 per month.

Full article: http://www.houstonchronicle.com/busi...hp?cmpid=btfpm