Market briefs
Missouri City: 346-Unit Apartments Open
In Houston, Sueba USA is putting the finishing touches on Archer Lofts, a 346-unit multifamily development in Missouri City ahead of first move-ins in early December.
The complex is part of Phase III of Fort Bend Town Center, a NewQuest multi-use development offering shopping, dining, and entertainment at Highway 6 and the Fort Bend Parkway Toll Road in Missouri City. It is steps away from a 1,750-space METRO Park & Ride that opened last year, providing transportation to the Texas Medical Center, downtown, and local bus routes.
The project is delivering as the Houston region absorbed 11,929 apartment units over the past 12 months, as stated by Costar data provided to the Greater Houston Partnership. At the end of the third quarter, 13,847 units were under construction across the Houston area.
Archer Lofts, which will begin pre-leasing in November, features open-concept floor plans, ceilings ranging from nine to 12 feet, file and wood-style flooring throughout, and bathrooms with custom finishes. Kitchens have glass cooktop ranges, subway-tile backsplashes, quarts countertops, and soft-close cabinets.
Amenities is set to include a 24-hour athletic club, resort-style pools, outdoor seating areas, indoor and outdoor social spaces, private focus rooms, a multimedia executive conference center, Starbucks coffee station, a bark park and paw spa.
“Archer Lofts brings together the things today’s residents are looking for, beautiful homes, outstanding amenities and an exceptional location,” Ray Gabriele, spokesperson for Sueba USA, said when the deal was released. “Being part of Fort Bend Town Center gives residents an incredible level of convenience, with shopping, restaurants, entertainment and transportation all close to home.”
Fort Bend Town Center spans three corners of the intersection of Highway 6 and the Fort Bend Parkway Toll Road. Among the retailers and businesses are Cinemark, Kroger, Trill Burgers, EOS Fitness, and Kelsey Seybold.
Southhampton Management, an affiliate of Sueba USA, will manage the Archer Lofts.
Sueba USA Companies is a privately funded real estate development firm with more than 40 years of experience developing multifamily communities in the Houston region. Since 1984, the company has developed more than 10 million SF of multifamily product.
