Groundwork has begun on downtown Houston’s new luxury high rise tower coming in 2016. The Catalyst Houston is currently being developed by Marquette Cos and Ares Management LLC, it will be 28 stories tall and feature some 361 luxury high rise apartment units. This new luxury high rise apartment project is estimated to cost near $105 million, it will be located two blocks east of Block 52 and overlook Minute Maid Park.
Construction on this new high rise began on November 5th, 2014. The Catalyst Houston will have a pristine location on block 52 in downtown Houston and be in accessible walking distance to The Hess and Hines towers as well as other many major employment centers and entertainment areas. Darren Sloniger who is president of Marquette Cos stated”We want to create an urban place where our residents can walk to work and play”.
The Catalyst Houston will feature luxury one, two, and three bedroom units with upscale fixtures and amenities that include hardwood flooring, quartz counter tops, stainless steel appliances, high 7-12 foot ceilings, floor-to-ceiling windows and private terraces. The last two highest floors of the building will be reserved for penthouse units that will overlook Minute Maid Park. Penthouse residents will have exclusive access to the floor with their own private garage.
Community Amenities will include a WiFi Lounge, Conference center, Fitness center, Yoga room, Sky Club, Catering Kitchen, Fireplace and Rooftop deck, and Dog Run with Pet washing stations. The ground floor will have 6,800 square feet reserved for retail space and a hospitality suite that can be rented out by the day for visitors.
Rent prices have yet to be affirmed, however it is expected that they will be close in price to some of the company’s other downtown high end projects which start at about $2,650 per month.
To stay up to date on the progress of this high rise or for more information contact Rachael Kaplan.
All information came from and was provided by Paul Takahashi who covers residential and multifamily commercial real estate for the Houston Business Journal.