HOUSTON—Behringer Harvard announced today that it has begun construction of a multifamily community on a 2.9-acre site in the Montrose/Museum District submarket of Houston, an infill area just west of the intersection of Richmond Avenue and Montrose Boulevard.

“The Muse Museum District is in a location near the central business district that benefits from significant demand for a superior apartment product at competitive rents,” said Mark Alfieri, COO of Behringer Harvard Multifamily REIT I, Inc. “The property will offer luxurious finishes and proximity to major employment centers in Houston, and it will appeal to young urban professionals.”

Trammell Crow Residential (TCR), a Dallas-based real estate firm that partnered with Behringer Harvard on this acquisition, will serve as developer of the property. An affiliate of TCR will serve as the general contractor.

“We are excited to begin construction on our second Houston development with Behringer Harvard and to continue our long-standing partnership with their firm,” said Scot Davis, senior managing director at TCR.

Construction begins this month, with completion scheduled for the fourth quarter of 2014.

The Muse Museum District community will comprise a four-story residential building constructed above a two-level parking garage. Common-area amenities will include a cyber café, business center, state-of-the-art fitness center, luxury swimming pool and dog-amenity station.

The portfolio of Behringer Harvard Multifamily REIT I, Inc. includes investments in 52 multifamily communities in 14 states comprising 14,374 apartment homes.