Posted Dec 24, 2019, 5:07 AM
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,388
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Houston cos. partner to develop 32-story apartment tower across from Hermann Park
Quote:
Houston-based real estate investor Nitya Capital has partnered with Tema Development, also based in Houston, to bring another luxury apartment project to Hermann Park.
Two Hermann Place will rise 32 stories at 1661 Hermann Drive near Jackson Street in the Museum District, next to One Hermann Place and The Parklane, both of which Tema also developed. The new tower is expected to break ground in the first quarter of 2020 and be complete in the winter of 2022, according to a press release. Page, an architecture firm with an office in Houston, is listed in the release, but a general contractor on the project was not included.
The tower's 295 residential units will consist of 13 floor plans with an average size of 1,076 square feet. Units will feature high ceilings, quartz countertops and backsplashes, chef-inspired appliances, large closets with storage systems in every unit, USB charging stations and Nest thermostats.
The tower's 18,000 square feet of community amenities will include a resort-style pool with a sunbathing ledge and cabanas, a 2,100-square-foot sky lounge on the top floor, a café bar, an 11,000-square-foot amenity deck on the eighth floor, a conference area, a dog park, a barbecue area and a fitness center overlooking the park. The building also will offer 24-hour valet service with transportation shuttles to nearby destinations, plus private garages, electric vehicle charging stations and other conveniences.
The release also notes that Two Hermann Place is just the beginning of Nitya and Tema's partnership.
"Both organizations look forward to a long-term partnership in efforts to design new structures and redevelop existing assets into modern and state of the art multi-use real estate projects," the release states.
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