The Finger Cos., a Houston real estate development firm, is planning to build a 19-story apartment tower on Montrose Blvd. in the city’s close-in Museum District.

Finger has purchased a 1.4-acre tract for the project, which will be under construction early in 2001 and be open about a year later. The 288-unit apartment project is expected to command monthly rents ranging from $1,200 to $2.500.

The project will be constructed in an older part of Houston that is studded with numerous mature oak trees. The site is about three blocks north of the Museum of Fine Arts and is in within walking distance of the Children’s Museum, Holocaust Museum and Contemporary Arts Museum. The area has become popular with apartment developers, home builders and developers of townhome projects. Residential sales and apartment leasing have been strong due to a strong demand from people who want to live close to downtown and the Texas Medical Center.

Finger has developed thousands of apartment units in Texas and other southern states. The tract was purchased from Denver-based Hensel Phelps Construction Co. Stan Creech Properties negotiated the land sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.