Flashy projects rise near ballpark
The newest, a 28-story luxury apartment tower on Texas Avenue between Austin and LaBranch, will have floor-to-ceiling windows, an infinity-edged swimming pool and a private club room with views of home plate.
Chicago-based Marquette Cos., is planning to break ground on the building - which will be called Catalyst - on Wednesday.
"Houston is experiencing urbanism for the first time," said Darren Sloniger, president of the company, which is developing the project in partnership with Hunt Cos. of El Paso and affiliates of Los Angeles-based Ares Management.
Sloniger said Houston reminds him of Chicago 15 or 20 years ago before there was a thriving urban core of housing, shops, restaurants and offices in a walkable environment.
"When you look anywhere in the United States, downtown Houston is one of the best opportunities that exists today," he said.
Houston's urban center began to see a flurry of development activity when the economy and real estate market started to recover from the latest downturn and the city launched a tax incentive program designed to lure more residential builders downtown.
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