HOUSTON, TX - Alliance Residential Company is pleased to announce the purchase and construction commencement of a 3.46-acre multifamily development site in Houston’s Galleria submarket, with plans to build a 272-unit, five-story luxury apartment community. The clubhouse and first units are expected to be delivered in the second quarter of 2013, and completion is slated for the end of 2013.
Situated within the premier Lakes of Post Oak development, Broadstone Post Oak features 500 feet of private lake frontage and has been strategically designed to capitalize on the lake views and access, ultimately delivering an apartment living experience unlike any other in a Houston urban environment. Additional amenities include a business center, iCafé, resident lounge, climate-controlled corridors, two-story fitness facility overlooking the lake and two south-facing courtyards. One courtyard is designed to inspire social gatherings with its expansive pool area, plentiful outdoor seating and cooking areas, while the other will provide a tranquil environment amid lush landscaping and a water feature.
“Broadstone Post Oak presents a unique opportunity for Alliance to build in a premier Houston location on a private lake — no other multifamily tract offers lake frontage within walking distance of the Galleria and 1.5 million square feet of office space,” says Brian Austin, Managing Director of Development for South Texas.
Within the 272 one- and two-bedroom floor plans, high-end interior finishes will consist of 8-foot doors; 10-foot ceilings; hardwood floors in the living, dining and kitchen areas; Silestone kitchen and bath countertops; undermount sinks in kitchens and baths; faux stainless-steel appliances, including a French-door-style refrigerator; under-counter wine refrigerators (select units); stained wood cabinets; full-size washers and dryers; as well as garden-style tubs, and Travertine flooring and surrounds in bathrooms. Apartment homes will also feature state-of-the-art automation systems and intrusion alarms, and lakefront terraces or balconies.
Company Information
Alliance Residential is a fully-integrated multifamily real estate operating company focused on the development, acquisition, construction and management of residential and mixed-use communities in the United States. Headquartered in Phoenix, Alliance has 17 regional offices divided among six regions throughout the U.S. Over the past 12 years, Alliance has become one of the largest private apartment owners and the 15th largest management company in the nation, boasting a $7.0+ billion portfolio and 54,000 units in 24 metropolitan markets. Alliance has a presence in 15 states (including Arizona, California, Colorado, District of Columbia, Florida, Georgia, Maryland, Nevada, New Mexico, New York, Oregon, Texas, Utah, Virginia and Washington) and is actively seeking management, development and acquisitions opportunities across the markets it serves. For more information, visit www.allresco.com.