The Sarah at Lake Houston broke ground last month, expected to open in Summer 2020

JLL announced today that GenCap Partners, Inc., a Dallas-based multifamily real estate company, has acquired a 17- acre land parcel located on West Lake Houston Parkway in Humble, Texas and plans to develop a 350-unit apartment complex on the site.

The new development, which will be called The Sarah at Lake Houston, is located at 17810 West Lake Houston Parkway. The site is adjacent to Humble Independent School District’s Atascocita High School and lies just north of Generation Park, surrounded by several new upscale residential subdivisions.

“With the growing population in the Humble area and the superb surrounding amenities, we have no doubt this is a great location for our newest upscale apartment community,” GenCap’s Senior Vice President Todd Thomas said. “These units will be very affordable and appeal to a mix of families and young adults.”

The Sarah at Lake Houston broke ground last month and is expected to be complete in the second quarter of 2020. It will offer one- two- and three-bedroom options, including some townhome units, ranging in size from 560 square feet to 1,616 square feet.

Unit amenities will include nine-foot ceilings, wood-style flooring, quartz countertops with tile backsplashes, custom 42-inch cabinets, under-cabinet lights, and stainless-steel appliances including gas ranges and full-size washers and dryers. The units will also feature dual-pane Low-E energy efficient windows, energy-efficient air conditioning and heating systems, and unlimited hot water with the TEAL system.

Community amenities offered will include a club area with multiple flat-screen TVs, a private party room with catering kitchen and storage, a fitness center with high-grade cardio, weight-training, and indoor cycling equipment. Residents will also enjoy the on-site pet spa and dog park, outdoor sundeck with resort-style pool, lap pool and pool side cabanas, and a Biergarten and gathering courtyard.

“We love the market and the job-growth story in Houston,” Thomas said. “We have a lot invested here and hope to develop additional multifamily projects in the foreseeable future.”

JLL’s Chris Bergmann Jr. represented GenCap, and Anne Vickery & Associates represented the seller. Both the seller and sales price are confidential.

JHP Architects designed the three-story, wood-framed project, and SJL provided interior design services. Oden Hughes Taylor Construction is the general contractor for the development, and Amegy Bank is providing construction financing.

GenCap is active in several cities across Texas, and JLL is currently representing the company in the acquisition of two additional land tracts in the Houston area for the development of multifamily housing.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.ir.jll.com.