No one is quite sure about the multifamily market in Houston

  • Two developers have different outlooks on the multifamily market in Houston.
  • One will stop building after their current eight buildings are completed next year; the other just submitted plans for a 40-story tower.
  • The drag of oil prices on the Houston economy is impacting apartment rentals differently across the city.

Plans for a new Uptown Houston apartment building were recently submitted to the city’s Planning Department. The project, called Vantage, is planned for 1.53 acres at the northeast corner of Post Oak Boulevard and San Felipe Road in Uptown.