Trammell Crow building luxe rentals north of Houston, Kingwood, Texas
Development built with Japan’s Daiwa House Group to be completed by end of 2023 Despite recession fears and rising interest rates, the Houston area continues to attract multifamily investors eager to build in the Bayou City. High Street Residential, the luxury apartment developer subsidiary of the venerable Dallas-based real estate empire of Trammell Crow Company is teaming up with Japan’s Daiwa House Group, mostly known for prefabricated single-family homes, to add yet another high-end apartment development to Houston’s inventory. The joint venture will build a new apartment and townhome project in the northern Houston suburb of Kingwood, according to a Houston Chronicle report. The garden-style apartment community, slated to be completed by the end of 2023, will include 240 apartments and 49 townhomes for rent. Despite Daiwa’s involvement, there will be no “wholesale pre-fabrication in the project,” Trammell Crow spokesperson Elise Maguire told The Real Deal. The Resi...