Houston | 3300 Main
VPEG Capital is pleased to present the outstanding investment opportunity to provide joint venture equity for the development of 3300 Main (“3300” or “Property”) a to-be built, 328- unit luxury high-rise multifamily development in the Midtown district of Houston, TX.
The 30+ story project will feature 6 floors of parking (608 spaces) and over 15,000 square feet of retail space at street level. 3300 Main will contain residential units in a variety of floor plans with an average unit size of 1,114 square feet.
Structure Name: 3300 Main Street Residential Tower
Structure Height: 351
Work Schedule: 09/01/2016 to 09/01/2018
PMRG, meanwhile, is set to close on a 1.16-acre site at 3300 Main St. by the end of the year. The real estate company is planning to develop a mixed-use project with roughly 330 residential units, around 14,390 square feet of retail space and 521 parking spaces. Roger Gregory, president of PMRG Investments, talked with the Houston Business Journal about the firm's Midtown project.
What kind of retail tenants do you see for this project?
Along Main Street, we would like to have a restaurant or possibly a coffee shop. It's a little early to tell exactly what’ll go there. The space along Travis could easily be office space, or it could also be more traditional retail.
What most attracted PMRG to this property? Was it the property's proximity to the rail line?
There are many different attributes that led us to developing in Midtown, (such as) retail, bars and restaurants, transit, easy access to mass transit, proximity to grocery stores such as the new Whole Foods, proximity to the new park.
Chron said:Houston developer PMRG has closed on a Midtown site where it plans to build hundreds of luxury apartments along the light rail line.
The company said construction will begin "in the near term," but offered no other specifics.