HINES STARTS CONSTRUCTION ON WATERWALL PLACE

HOUSTON — Hines and its joint venture partner Hines Global REIT have broken ground on the 322-unit, seven-story WaterWall Place, a luxury multifamily community located on a three-acre site at the northeast corner of Hidalgo Street and McCue Road in Uptown Houston. Urban Oaks Builders is the general contractor and Wallace Garcia Wilson of Jackson Ryan designed the 316,000-square-foot complex, which will form a U shape surrounding a grand courtyard space. WaterWall Place will overlook Gerald D. Hines Waterwall Park. Amenities will include a resort-style swimming pool, fitness center, business center and seventh-level sky lounge. The new community is designed to achieve LEED Silver certification. Units are slated for occupancy in November 2013 and the community is slated for a June 2014 completion.