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| Darren Sloniger |
Houston, TX – Chicago-based Marquette Companies, in
partnership with Hunt Companies, Inc. and affiliates of Los Angeles based-Ares
Management, announced the groundbreaking of Catalyst Houston, a 28-story
luxury rental building located at 1423 Texas Ave. in Houston. The building is
scheduled for completion during the summer of 2016.
Designed by
Houston-based architect Ziegler Cooper, Catalyst will include 361 luxury
apartment homes with one-, two- and three-bedroom units.
Residences will
include luxury features and finishes such as hardwood flooring, quartz
countertops, stainless steel appliances, 10-13-foot ceilings, floor-to-ceiling
windows and a private balcony or terrace. Most will also offer a view of
downtown Houston and nearby Minute Maid Park.
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| 1423 Texas Avenue, Houston, TX; site of planned Catalyst Houston apartments |
“We’re very pleased to be one of the first major residential
developments to break ground in downtown Houston.
"We believe it is one of the
best submarkets in the U.S. right now. The opportunity here is immense,” said Darren
Sloniger, president of The Marquette Companies. “Catalyst will be a
beautiful, sophisticated tower that will enhance the Houston skyline.”
The development is a joint venture between The Marquette
Companies, Hunt Development and affiliates of Ares Management. Pepper Lawson
will serve as general contractor and U.S. Bank is providing construction
financing.
Pre-leasing is expected to begin in spring 2016.
For a complete copy
of the company’s news release, please contact:
Vanessa Irving, virving@taylorjohnson.com,
(312) 267-4525
Kim Manning, kmanning@taylorjohns.com,
(312) 267-4527
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