Done Deals: HFF arranges financing for high-rise mixed-use development in downtown Houston, TX

Sunday, September 7, 2014

HFF arranges financing for high-rise mixed-use development in downtown Houston, TX

Travis Anderson

CHARLOTTE, NC – HFF announced it has arranged financing for the development of Market Square Tower, a 40-story, mixed-use tower that will include 463 luxury residential units and 21,000 square feet of retail in downtown Houston.

HFF worked exclusively on behalf of the borrower, Woodbranch Investments (Woodbranch), to secure the long-term construction/permanent loan through Pacific Life Insurance Company.

Designed by Jackson & Ryan Architecture, Market Square Tower will be located on approximately 1.40 acres at 777 Preston comprising a full city block bounded by Milam, Preston, Louisiana and Congress.

Due for completion in fall 2017, the project will feature residences ranging from 550 and 1,950 square feet. Building amenities will include two swimming pools (one near the bottom of the tower and a rooftop sky pool), virtual golf simulator, indoor basketball court, screening room and banquet room.

In addition to the sky pool, other rooftop amenities will include a sky lounge, fitness center, sundeck and panoramic views of downtown Houston and Buffalo Bayou Park.

The HFF debt placement team was led by senior managing director Travis Anderson, managing director Matt Kafka and senior real estate analyst Cory Fowler.

Woodbranch’s developments are distinguished by intense attention to detail that creates both highly luxurious and uniquely functional living space.

Woodbranch has applied its detail-oriented approach to the design of Market Square Tower and the result is a stunning set of community and unit amenities that will make the property the most sought after rental address in Houston.

With significant holdings in both Houston and Manhattan, Woodbranch Investments is also an active investor and developer in many cities across the U.S.

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.