EL PASO, Texas--(BUSINESS WIRE)--Hunt Companies, Inc. (Hunt) is pleased to announce the completion of Catalyst Houston, the luxury high-rise residential development in Downtown Houston. Hunt, along with co-developer Marquette Companies, funds managed by equity partner Ares Management, L.P., as well as Houston-based architect and lead designer, Ziegler Cooper Architects, celebrates the addition of 359 residential units in the central business district of Houston.
Located on a full city block bordered by Texas Avenue, Austin Street, Prairie Street and La Branch Street, the Catalyst Houston tower climbs 28 stories. Residents will find themselves within walking distance to major employment centers, like the Hess and Hines towers, as well as attractions such as Minute Maid Park, Discovery Green, Main Street and the Toyota Center.
“We are thrilled to see this luxurious development come to completion. The addition of Catalyst Houston to the downtown skyline is tremendous,” said Jim Dobbie, Executive Vice President with Hunt. “The residential amenities offered are unmatched for this particular urban environment, and we are excited for this property to become a place Houstonians call home.”
Catalyst Houston consists of 359 residential units, structured parking for 550 vehicles, as well as 7,400 square feet of ground-floor retail space which includes the new home of a Houston institution, Irma’s Restaurant. Residents have access to conveniences such as a 24-hour door staff, state-of-the-art fitness center, cybercafé, multi-purpose club room with demonstration kitchen, and a guest suite. Additionally, outdoor entertainment features include a rooftop terraced garden and sundeck with fire pit and seating areas, outdoor kitchen and barbecue stations, a “yoga fusion” lawn, a resort-style pool, dog park, and a penthouse Ballpark Club, where residents can watch Houston Astros home games.
About Hunt Companies, Inc.
Founded in 1947, Hunt Companies, Inc. is today a holding company that invests in businesses 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. To learn more about Hunt, please visit www.huntcompanies.com.
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $106.4 billion of assets under management as of December 31, 2017 and 18 offices in the United States, Europe, Asia and Australia. 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.