August 31, 2016
Houston, TX-based Hines, in partnership with TIAA Global Asset Management and the Zimmerman family, will be developing Residences at La Colombe d’Or. The 285-unit, high-end multifamily community will be located in the Montrose/Museum submarket of Houston.
The Zimmerman family, which owns the one-acre site on which the property will be built, has owned and operated the adjacent La Colombe d’Or Hotel at 3410 Montrose Blvd. for 36 years. The 1920s-built hotel will remain, and undergo a $10 million renovation. Upon its completion, the multifamily portion will connect to the hotel through a series of amenity areas.
Construction on Residences at La Colombe d’Or will begin in Q2 2017, with completion anticipated by 2020. JLL’s Tom Melody and Jonathan Paine arranged the joint venture equity on behalf of Hines and the Zimmerman family.
For comments, questions or concerns, please contact Amy Sorter