Upscale BLVD Place Project Gets First Residential Component

While merely a few weeks ago local newspapers were reporting the construction start of phase II of the BLVD Place mixed-use development, Hanover Co. is now announcing that it will be adding a luxury apartment tower to the high-profile project.

While merely a few weeks ago local newspapers were reporting the construction start of phase II of the BLVD Place mixed-use development, Hanover Co. is now announcing that it will be adding a luxury apartment tower to the high-profile project.

To this end, the Houston-based developer recently closed on the purchase of 1.2 acres on Post Oak Lane, where an urban-style, 29-story luxury apartment tower will rise. Dubbed Hanover Post Oak, the building will consist of 355 high-end apartments with units ranging in size from 650 square feet to the more than 3,000-square-foot units at the top of the tower.

With architecture firm Solomon Cordwell Buenz of Chicago in charge, the building is being designed with a contemporary look in order to complement the existing retail and office building at BLVD Place.

Hanover is highly familiar with the area, as the company has developed two other multifamily projects on the boulevard. And confidence in the current project is high, as construction started last month on another structure within BLVD Place, a 211,000-square-foot development that will include a Whole Foods Market, restaurants, shops and office space. The new building’s office component will be anchored by Frost Bank, which recently decided to lease 53,000 square feet in order to consolidate its Houston region headquarters there.

Work on the BLVD Place development started in 2009, with high-end restaurants, shops and office space. Future plans for the 21-acre project in the Galleria area at the corner of Post Oak Boulevard and San Felipe include an upscale boutique hotel and as many as 1,000 high-rise multifamily units.

Image via http://www.blvdplace.com