Houston developer Urban Genesis says it’s on schedule to start construction on its holdings on and off North St. Mary’s Street—overall, a $45 million series of developments for a total of 178 market-rate apartments—by first quarter 2023.
Developer Jake Harris is planning to build a 1,000-apartment project West Josephine that would also touch the St. Mary’s Strip. If built, it would add the flurry of new housing developments either under construction or in the planning stage for Tobin Hill.
Since hiring an international real estate brokerage firm in 2018, CPS Energy has struggled to sell its former Jones Avenue Service Center at 326 W. Jones Ave.
Houston multifamily developer Urban Genesis is tightening its hold on North St. Mary’s Street with the purchase of a 0.6-acre vacant lot, down the street from the San Antonio Museum of Art, where it plans to build apartments.
Urban Genesis plans to begin construction in mid-2022 on the apartments, which will be three to four stories tall.