HFF Arranges Capitalization of 39-Story High-Rise Tower in Houston
HOUSTON — HFF has arranged the capitalization of Hanover River Oaks, a 39-story luxury high-rise apartment tower under construction in Houston’s River Oaks neighborhood. Cortney Cole, Scott Galloway and Dustin Selzer of HFF represented Hanover Co. and institutional investors advised by J.P. Morgan Asset Management to capitalize the project’s equity and construction financing. Located at 2930 Kirby Drive in Houston’s Upper Kirby District, the property will feature 370 residential units and nearly 10,000 square feet of ground-level retail space. Units will average 1,172 square feet and feature stainless steel appliances, stone countertops, kitchen islands and pantries, garden tubs, walk-in closets, computer niches and/or dry bars, floor-to-ceiling windows and faux wood and tile flooring throughout. Community amenities will include a rooftop pool with sunbeds and poolside cabanas, outdoor grilling and dining stations, 24-hour fitness club, clubhouse with lounge seating, catering kitchen with private dining room, theater, landscaped garden courtyard, water wall garden, pet washing station, 24-hour concierge, controlled-access parking garage and panoramic city views. The project broke ground in December, with the first units expected to open in the first quarter of 2020.