Mid-rise apartments here are all the rage among young professionals, and with nearly half of the housing units built between 2000 and 2010, quality options abound. A recent report by Stream Realty counted 32 bars and 42 restaurants in the neighborhood, which is about as walkable as Houston gets. And with the Superblock—an eight-story Camden apartment complex abutting a public park and street-level retail—growing by the day, the neighborhood’s rapid growth trajectory doesn’t seem to be slowing.
The town is a particularly hot market for condos. At Diamond Beach, a mid-rise beachfront property will run you $350,000 to $750,000 and includes amenities like a day spa and lazy river. Ultra-high-end condos, meanwhile, can be found at Beachtown, where a loft version can run between $900,000 and $1.2 million. The first round of six lofts has sold out, but there are more on the way.
The area’s getting The Post Oak, a vertical mixed-use tower from Tilman Fertitta, the first of its kind in Houston, complete with 22 ultra-high-end condo units, a posh hotel and a Bentley showroom. Nearby, Belfiore, the new luxury condo project by Giorgio Borlenghi of Hotel Granduca, has nearly sold out before even opening. Add to that the Galleria’s $250 million facelift, which is well underway, and the new dedicated bus line along Post Oak Boulevard, and you’ve got a neighborhood that’s blazing hot.
Some are saying downtown is poised to become an actual residential neighborhood for the first time, as 11 towers with 3,260 apartment units are filling in the spaces between buildings where parking lots once sprawled. More residents mean more retail, with a rumored second boutique grocery store coming in at the under-construction Market Square Tower, joining the Phoenicia outpost in One Park Place. And the area around the George R. Brown is also getting a makeover, with additional restaurants and shopping coming to a new, more pedestrian-friendly Avenida de las Americas.