This Week in Houston Real Estate: Micro apartment trend continues to spread

by Rincey Abraham

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Micro apartments are expanding in Houston as the Latitude Med Center residential tower will have apartments as small as 339 square feet and an average of 445 square feet. The 35-story building is being developed as a joint venture between Greystar multifamily firm and Medistar, a Houston developer. The 375-unit multifamily project will welcome its first tenants next spring, according to Realty News Report.

In other Houston real estate news: 

  • Houston-based Hanover Co. and PGIM Real Estate, which is part of Prudential Financial, will be joining together to buy an apartment tower across from Hermann Park. Mosaic at Hermann Park is a 29-story, 396-unit apartment community that also has 20,087 square feet of ground-floor retail space. The property has been rebranded as Hanover Hermann Park and will include amenities such as concierge and valet services, a 6,500-square-foot sky lounge overlooking Hermann Park, a 6,000-square-foot fitness center with boxing room, shuttle service to the Texas Medical Center and more, according to the Houston Business Journal.
  • The Howard Hughes Corporation will be adding onto the northwest Houston master-planned community of Bridgeland with Harmony Grove. The new neighborhood will join Bridgeland’s Lakeland Village and consist of 68 townhome sites constructed by Beazer Homes in 2018, according to BuilderOnline.

 

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