OHT

An Austin-based multi-family developer with projects across the Houston region is the latest entrant to a growing market in the Heights with a $31 million plan to build a 359-unit complex.

Crews will begin construction on the complex, called Lenox Heights, 333 W. 24th Street, this December, with plans to open the facility in the first quarter of 2025, said Jackson Simons, vice president of development for the Houston market with OHT Partners.

“This part of town attracts young professionals and families alike due to its proximity to major employment centers, charming neighborhood setting and rare walkability to some of Houston’s top retail and dining destinations,” Simons said.

Lenox Heights will join a growing list of new apartment complexes in the neighborhood. Information from the real estate firm Transwestern found more than 1,051 new apartment units were under construction in the Heights and Washington Avenue corridor, according to an article from the Houston Chronicle.

The new trend comes in contrast to the Heights’ reputation in the Houston area for its single-family homes, according to the Houston Chronicle. As of earlier in 2022, the neighborhood was home to less than 2 percent of all apartments in the region, according to the article.

But developers are eying the neighborhood for more apartments because it’s a great destination for a walkable lifestyle in the city itself, Simons said.

“The Greater Heights leads urban Houston for apartment demand because of the desirable lifestyle and relatively unaffordable and rapidly appreciating home prices,” he said.

The five-story apartment complex will feature two pools, a Skydeck with views toward downtown, a coworking studio, a fitness center, clubhouse, pet spa and more, according to OHT Partners.

The development will be the company’s 13th in the Houston region, but its first in the Heights neighborhood, according to the company.

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