Dec 18 2013
Morgan, a leader in upscale multifamily development, construction and property management, plans to break ground in the first quarter of 2014 on a new luxury apartment development called Pearl Woodlake located at 2033 South Gessner Rd. in Houston's growing Westchase District.
Morgan launched the Pearl brand last summer with the opening of Pearl Greenway in Houston's Greenway Plaza. Construction financing for the Woodlake property, which is scheduled to open in Summer 2015, is being provided by Regions Bank.
Pearl Woodlake will contain 376 studio, one-, two- and three-bedroom units, ranging from 607-1693 square feet. Premium Pearl amenities feature open floor plans, kitchen islands in select units, under-mount kitchen sinks, high-end wood style floors, full size washers and dryers, walk-in closets, side-by-side refrigerators/freezers, contemporary track and pendant lighting, patios and balconies in select units, and USB outlets.
In addition, Pearl Woodlake will offer residents an oversized pool courtyard with outdoor kitchen and poolside cabanas, grilling stations, a dog park, an e-lounge, club room and sports pub/lounge, eVgo car charging stations, and a platinum athletic club with private spin bike studio. Rents for Pearl Woodlake will start around $1,250 per unit and go up to $2,600 per unit.
“The Westchase District has become one of the strongest office markets in Houston, which is driving demand in the area for more luxury apartments," said CEO Mike Morgan. "This property will be a popular choice for those who value a live-work-play environment in one of the city's most vibrant neighborhoods. The amenities at Pearl Woodlake will be first class. Aside from close proximity to growing employment centers in West Houston, the property is a short drive away from popular retail destinations, including CityCentre, Memorial City and The Galleria. At Pearl Woodlake, residents can have it all.“
About The Morgan Group, Inc.
The Morgan Group, Inc. is a privately held national developer and manager of Class A multifamily properties with headquarters in Houston, Texas. Founded in 1959, Morgan also specializes in upscale urban construction and third-party property management across the United States. Since 1988, Morgan has developed more than 15,000 units at a cost of more than $1.7 billion. More than 2,500 units are in the planning or construction stages in Texas and Florida.
Source: http://www.morgangroup.com