Complex contagion: It seems wherever you look in Houston, a luxury apartment complex is on the rise. Now, signs are emerging that the multifamily building boom might be headed this way.

Consider the metal fence and other signs of impending construction at state Highway 96 and Walker Road in League City. That’s where Indianapolis-based Watermark Properties is planning a 368-unit complex on 21.4 acres. Watermark officials did not immediately return phone calls, but the company’s Houston-area units typically average 1,000 square feet and rent for an average of $1.20 a square foot, according to reports. No word on amenities or when construction will commence. Stay tuned.

Biz Buzz

Laura Elder is a reporter for The Daily News. Biz Buzz appears Tuesdays and Thursdays. Email your tips and suggestions to laura.elder@galvnews.com.

Recommended for you

(2) comments

victor mitosinka

There is a lot of dirt being moved on the southwest side of Tuscan lakes, FM646 at Fm270. Any idea what is in the works?

lauraelder Staff
Laura Elder

I'm not sure, but will try to find out.

Welcome to the discussion.

Real Names required. No pseudonyms or partial names allowed. Stand behind what you post.
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.