Hermann Park Plaza

Houston, Texas

Active Investment

Units: 193
NRSF: 160,140
Land Acquisition Date: May 2013
Status: Under Construction

5755 Hermann Park is a 6-story, 193-unit multifamily project that features a first floor podium level with 12 foot ceilings, situated on 2.01 acres of land that totals approximately 160,140 net rentable square feet. The community offers an extensive amenities, including a state-of-art fitness center, fully equipped conference and business center and cyber lounge in the clubhouse. The swimming pool and cabana area are located in the courtyard that looks out to Herman Park and the Medical Center. The property offers multiple floor-plans, ranging from 508 square foot one-bedrooms to 1,643 square foot two-bedrooms. The units feature gourmet kitchens with stainless steel appliances, granite countertops, wood flooring and glass mosaic backsplashes. The apartments are serviced with two elevators from the secured parking garage which offers 27 visitor parking spaces and a total parking count of 277 spaces with a ratio of 1.44 spaces per unit.

Opportunity

  • Hermann Park Plaza presents the opportunity to take advantage of an attractive land basis for an exceptionally well located urban infill site that will be attractive to the two largest employment centers in Houston, the CBD and Houston Medical Center.
  • The site has excellent visibility on Almeda Road and benefits from its location directly across the street from Hermann Park, the second largest inner city park in Houston.
  • The Medical Center multifamily submarket boasts impressive growth prospects due to the limited supply of attractive sites and the high quality demographic of the employees of the hospitals, medical groups, and other service providers to the Texas Medical Center.

Location Highlights

  • Premier location and irreplaceable site one-half mile from the Texas Medical Center (largest medical district in the world).
  • Adjacent to Hermann Park which includes a golf course, botanical gardens, the Houston Zoo and multiple other attractions.
  • Less than one-half mile from Houston’s Museum District, home to 11 renowned institutions including The Museum of Fine Arts, one of the largest museums in the country, the Houston Museum of Natural Science, one of the most visited science museums in the country, and The Menil Collection, one of the finest private art collections in the world.