El Paso, TX (October 28, 2016) – Hunt Companies, Inc. (Hunt), along with equity partners - funds managed by Ares Management, L.P. and Marquette Companies - is pleased to announce the topping out of Catalyst Houston, the luxury high-rise residential project in Downtown Houston.
Catalyst Houston towers 28 stories above Minute Maid Park and is bounded by Texas Avenue, Austin Street, Prairie Street and La Branch Street. The apartments will be within walking distance to major employment centers, like the Hess and Hines towers, as well as attractions such as Discovery Green Park and the Toyota Center.
“Catalyst will serve the more than 100,000 downtown employees who seek to live in a Class AA luxury property. As the project nears completion, the amount of inquiries we receive each week increases,” said Jim Dobbie, Senior Vice President with Hunt and the project developer.
Catalyst Houston will consist of 364 residential units, 6,500 square feet of commercial and restaurant space, as well as structured parking for 551 vehicles. Residents will enjoy amenities including a 24-hour door staff, state-of-the-art fitness center, cybercafé, multi-purpose club room with demonstration kitchen and game tables, and guest suite for overnight guests. Additionally, there will be 20,000 square feet of outdoor amenities including a rooftop terraced garden and sundeck with fire pit, seating areas, outdoor kitchen and barbecue, a “yoga fusion” lawn, outdoor living room area, a resort-style pool, beach volleyball court, dog park, and Ballpark Club where residents can watch Astros home games.
The project team also includes Pepper Construction serving as construction manager and Ziegler Cooper Architects leading the design. Catalyst Houston broke ground in November 2014 and is anticipated to be completed in March 2017.
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About Hunt Companies
Founded in 1947, Hunt Companies, Inc. is today a holding company that invests in business focused in the real estate and infrastructure markets. The activities of Hunt’s affiliates and investees include investment management, mortgage banking, direct lending, loan servicing, asset management, property management, development, construction, consulting and advisory. The platforms employ over 6,000 people and touch over $30 billion in assets.
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $95 billion of assets under management as of June 30, 2016 and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.
About Marquette Companies
Marquette is a fully integrated real estate company with more than $1 billion of apartments and mixed-use properties in our investment portfolio. In the last five years, Marquette has successfully executed on over $1.5 billion acquisition and ground-up development of multifamily assets. With more than 11,200 apartments under management, Marquette’s depth of experience and entrepreneurial spirit delivers outstanding investment opportunities for investment managers, pension funds, Wall Street funds and high net worth individuals.
