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McGrath Real Estate Partners announces 9.16-acre Land Acquisition for future inner loop, Class A 400-unit multifamily development

May 3, 2022

McGrath Real Estate Partners to develop a 400-unit multifamily development

Houston, Texas McGrath Real Estate Partners, a Houston-based leader in student and multifamily development, has announced the acquisition of 9.16acres at 3939 W. 12t Street in Houston, Texas. The well-knownHouston based developer plans to develop a Class A multi-family development.

The primely located development, known as Artistry Design District, will sit at the southeast corner of Loop 610 frontage road and West12th Street.  “We are excitedto be a part of this fast changing and vibrant area of Houston with plans tobreak ground by October 2022,” according to Barrett Kirk, Chief InvestmentOfficer at McGrath Real Estate Partners.

The 400-unit multifamily housing development will feature seven unique floor plans configured in efficiency, one- and two-bedroom units. Units will range in size from 496 SF to 1,283 SF and will feature the best modern finishes such as hard-surfaced counter tops, stainless steel appliances and full-size washer and dryers.

Besides expected community amenities such as a resort style pool, poolside cabanas and fitness facility the centerpiece of the development is an outdoor amphitheater and green space that will be used to host private concerts and resident events.