Fountain Residential, Virtus to Develop Student Housing Project in Houston

HOUSTON — Dallas-based Fountain Residential Partners, in a joint venture development with Austin-based Virtus Real Estate Capital, will develop a student housing community for the University of Houston and nearby Texas Southern University. The Gateway on Cullen will be located on Cullen Boulevard at the main entrance to the University of Houston campus. The 7.7-acre property will consist of 531 beds including one-, two-, four- and five-bedroom apartments and townhouses, along with a pool, volleyball court, an 8,000-square-foot clubhouse, fitness center and private study rooms. The majority of the units at The Gateway on Cullen will consist of two-level townhome configurations upwards of 1,900 square feet. Each fully furnished unit will feature vinyl wood plank flooring, granite countertops, queen-sized beds, 50-inch TVs, stainless steel appliances and full-sized washer and dryers. Stuart Roosth Architects designed The Gateway on Cullen, and Temple, Texas-based MW Builders is the general contractor. The project will be completed before the fall 2017 semester.