This Week’s Houston Deal Sheet: AHS Residential purchased last remaining parcel in Ten Oaks

 

By Lane Gillespie, Bisnow

Miami-based AHS Residential has purchased the last remaining parcel in the Ten Oaks development.

AHS Residential plans to develop three 12-story residential high-rises on the 6.6-acre site situated at the west end of The Energy Corridor, an 83-acre master-planned development.

The project will be the company’s first foray into Houston and its second in Texas. The buildings will have 576 units in total, with typical amenities such as a clubhouse and fitness center.

The parcel was sold by Wolff Co.s, whose Chairman and President David S. Wolff has been dubbed the father of the Energy Corridor and credited with coming up with the name for the area. The Energy Corridor includes a slew of other multifamily, retail and hospitality venues as well as Houston Methodist West Hospital and Texas Children’s Hospital’s West Campus. The development has been quiet since 2016, when Hunington Properties purchased 3.3 acres for The Shops at Ten Oaks, 20K SF of retail and a quick-service restaurant.

For the complete article, please go to:
https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-110906