HANOVER BUYS PARCEL FOR 37-STORY APARTMENT TOWER

HOUSTON — Houston-based The Hanover Company has partnered with MetLife for the purchase of a 1.45-acre parcel within BLVD Place, Wulfe & Co.’s mixed-use development located in downtown Houston. Hanover plans to develop a 37-story multifamily tower on the site, which is situated at the project’s South Post Oak Road entrance at San Felipe Boulevard. The tower will contain 236 apartment units averaging 1,650 square feet. Amenities include valet, concierge and bellman services; a private resident lounge with a catering kitchen; a screening room and library; a fitness club; and a 19,000-square-foot rooftop terrace with a pool. Chicago-based Solomon Cordwell Buenz is designing the tower. Groundbreaking is scheduled for fall, with completion scheduled for 2011.