A 50 unit, 4-story, boutique midrise sold in Houston, TX
Colliers Houston has negotiated the sale of Avondale Highline, a 50 unit luxury multifamily community in the Montrose neighborhood located at 214 Avondale Street in Houston, Texas.
Avondale Highline is situated off of Westheimer Road in the main district of Houston’s lively and diverse Montrose neighborhood. Completed in 2020, the brand new apartments offer unequaled lifestyle amenities and a true sense of place for residents; exemplifying the new trend of boutique living in Texas. The neighborhood has unparalleled walkability with the best shopping, restaurants and entertainment in town only steps away. The community is made up of studio and one-bedroom apartments surrounded by parks, museums and an energetic Montrose nightlife.
“This property presented investors with a near perfect combination of quality of asset and location.” says Jim Humphries of Colliers. “It really does fill an under-served niche for this type of Class A product in this submarket and that was reflected in the caliber of offers received.”
Jim Humphries, J. Todd Stewart, Chip Nash and Bob Heard of Colliers represented the seller, UG Avondale II LLC in the sale transaction. The buyer was a California-based invesment group making their first Houston purchase.