HOUSTON, TX - Greystar and Medistar Corporation announced that they have formed a joint venture to develop Ascent Med Center, a luxury apartment community located in Houston, Texas. The 35-story high-rise development will feature 375 apartment homes at the corner of Travis Street and Old Main Street in the Texas Medical Center (TMC).
"Ascent Med Center was designed with a top-notch amenity package, high quality finishes and a variety of on-site conveniences," said David Reid, Senior Managing Director of Development for Greystar. "Our goal is create an environment that will enhance our residents' overall living experience."
Ascent Med Center will be professionally managed and developed by Greystar. The community will offer a variety of one and two-bedroom floor plans and three-bedroom penthouses ranging in size from 349 to 3,767 square feet of living space. The well-appointed interiors will include stainless steel appliances, modern cabinetry, quartz countertops with tile backsplashes and wood flooring in living areas. Apartment homes will feature nine to eleven foot ceilings, spacious walk-in closets and spa-like bathrooms.
Residents will enjoy a rooftop terrace that features an infinity pool, a spacious sun deck, lounge seating and spectacular 360 degree views. Premier concierge services will be available to assist residents with reservations, securing event tickets and completing errands such as picking up dry cleaning. Additional amenities will include a state-of-the art fitness center with cardio and strength equipment, an executive business center, bike storage, car charging stations and valet parking.
Kelly Lindig, Vice President – Development and Acquisitions for Medistar, added, "Greystar is the best development partner we could have chosen for this tower, as we were looking for complimentary uses for our luxury 357-key medical hotel project within the same block! This is simply the best site for new development having a true 'walk to work' opportunity available in the Texas Medical Center."
Hoar Construction will serve as general contractor for the project. Construction is expected to begin by March 31, 2016.
Source: Greystar Real Estate Partners / #Apartments #Multifamily