West Ave Apartments by Gables

http://www.westaveriveroaks.com/  West Ave Apartments by Gables sits just South of the affluent River Oaks at Westheimer and Kirby in between Downtown and Uptown.  Westheimer and Kirby is a very active intersection in a vibrant neighborhood. West Ave has 380 apartment units on 5 levels, has 50 storefronts with 190,000 square feet of retail.  Josh Landry and Ben Pisklak of Gables stated they are 83% leased and 80% occupied in the residential and 41% of the retail is already leased.  on the residential side, the market rent is going for $2.00 a square foot which is higher than most in the area however, once Josh and Ben took us on a tour, one can see why they can command these rents.  Here are a few pictures and you will see what I a mean. 

They are very nice. 

They also have an amenity package for the residents outside the apartment that include a pool with a high end party room attached, a weight room, a multimedia room and a business center just to name a few.

 

And finally, we find Brant tucked away in his chair.

The Gables is exclusively a residential developer and operator.  They have 38,000 units owned and managed with 59 stabilized communities with 15,000 units they own. The Gables is a privately held REIT in partnership with ING Clarion and Lehman Brothers.

Gables focus itself in four areas:

1. Operations of Gables’ owned apartment and mixed-use communities

2. Providing property management, leasing and consulting services to third-party institutional and private apartment community owners.

3. Providing dedicated sales and service for corporate and short-term accommodations

4. Development, general contracting and construction of new Gables residential communities and mixed-use developments featuring residential, retail and office space.

If I were to move to Houston, this would be were I would like to live.  Thanks Ben and Josh, we enjoyed meeting you both.