Quote:
Originally Posted by TexasPlaya
This part of the east side is really gaining steam as it's really starting to attract some development near Buffalo Bayou. You have the major East River project by Midway just north of this along the Bayou and several new apartment blocks in the vicinity of this one.
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I mistakenly thought I had missed a rendering from the piece on
The Mill... forgot it was the recently completed
Forth at Navigation which is across the street from that site. It was from the same piece in the Chronicle. Was about to give props for a fairly current view of the skyline in the background.
Thought this was good info on that project...
Quote:
At Forth at Navigation, a luxury apartment community that opened last year across the street from The Mill site, the project’s 300 units are 94 percent occupied with rents ranging between $1,700 to $3,700, according to the developer, Chicago-based Marquette. When Marquette first acquired land for the site there weren’t many newer luxury apartments in the vicinity, so the developer wasn’t sure how quickly the project would lease, said Darren Sloniger, president of Marquette.
“I thought it would take it couple years to fully lease, but we leased up and stabilized it in nine months,” Sloniger said. “I never would have guessed that would happen.”
He attributes the fast lease-up to the project’s Chicago-style steel and concrete architecture, but also because it filled a demand for high-end apartments in the up-and-coming neighborhood. In 2021, Marquette also bought a 244-unit older apartment project nearby, East End Lofts, which the firm is renovating. Sloniger thinks more residents will seek out the area’s proximity to downtown.
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