February 13

The Reserve at Grand Oaks

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[/vc_column_text][/vc_column][/vc_row][vc_row row_type=”row_center_content” bg_position=”left top” bg_repeat=”no-repeat” row_text_color=”row_text_select” border_style=”solid” padding_top=”10″ padding_bottom=”10″][vc_column width=”1/2″][wpc_custom_heading heading=”Project Description” colored_line=”yes” line_color=”primary” position=”left” size=”medium”][vc_column_text]Client:   ?????
Location:   Houston, Texas
Surface Area: ????
Year Completed:   ???
Value: $???,???,???
Architect:   ????

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The Reserve at Garden Oaks was the successful renovation of a condemned multifamily property located in the Garden Oaks area of Houston Texas.  The 166 unit property was purchased for approximately $2,700,000 and underwent a more than $5,700,000 renovation that took it back to the studs; effectively turning a class C project into a class A+ multifamily property.  During lease up the Reserve achieved substantial rents of more than $1.60 per square foot and was ultimately sold in early 2014 for more than $21,000,000.  The property was also awarded the most successful “Out of the Box” renovation in 2014 by the Houston Apartment Association.

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The Reserve at Grand Oaks

The Reserve at Grand Oaks
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