A rare undeveloped parcel in West Palm Beach will soon be home to what else – more multifamily living! LA-based developer American Group scooped up the 11.6 acre property in 2019. Riverstone Palm Beach Apartments, an 8-story luxury apartment community, is set to open in the first half of 2023. MSA Architects, a leading multifamily firm based in Miami, designed the community, which will sit on 7.6 acres and include 374 units. Riverstone Palm Beach boasts a unique site; the thin parcel is bound on one side by Interstate 95, with the Earman River running along and around the other side, essentially creating a peninsula. MSA incorporated extensive active outdoor areas around the community and in the interior courtyard. They hired PRISM to develop several exterior renderings highlighting the setting. Hedrick Brothers Construction is the general contractor.
It’s been roughly 40 years since development began in the rural area of Cypress, Texas. Now, this unincorporated community 24 miles northwest of downtown Houston is seeing explosive development. Between 2014 and 2018, Cypress had a 10.5% population growth, higher than both Harris County and the state of Texas. It’s exactly the type of place developer Williamsburg Enterprises targets for acquisitions.
Our resident Aggie is celebrating four years with PRISM. Project Manager Lily Luo efficiently juggles frequent deadlines and always exudes a quiet energy. No doubt her focus on holistic wellness makes it look easy to excel in her role and still keep up with her kids. Lily, you inspire us with your commitment and caring. Happy Anniversary!
PRISM recorded another record year in 2022! Thank you to our clients and partners for your trust in us. The success is largely due to the strategy and goals our team set and continuing hard work. We worked for 77 clients in 80+ cities throughout 10 states. We completed 174 projects; our top sectors were Multifamily (45%), Industrial (19%) and Commercial/Mixed-Use (18%).
It’s my U.S. arrival anniversary! Leaving my assumed future, my homeland, and my family 30 years ago was not easy. But it was a decision that laid the path to bring me where I am today. My uncertainty gave way to fearless faith in Jesus Christ; it is a journey I will continue to take until I enter His heavenly kingdom.
It’s January and that means Economic Outlook time. The PRISM team attended three stellar industry events this month. Former Houston City Councilwoman and mayoral candidate Amanda Edwards spoke at CREW Houston, Pat Kiley addressed SMPS Houston, and Houston CREAM had Dr. Curtis Null of Conroe ISD. The speakers all feel bullish about new development across all sectors.
Xīnnián hǎo! Chinese New Year began on January 22 and will end on February 5. 2023 is the Year of the Rabbit. Rabbits are earnest in all they do; their quiet personality often hides their confidence and strength. This strength pushes them towards their goal regardless of negativity from others. You're a rabbit if you were born in 2023, 2011, 1999, 1987, 1975, 1963, 1951, 1939, or 1927.
“Never let a good crisis go to waste.” Winston Churchill’s observation during World War II is just as meaningful today as then. The pandemic gave humankind new perspective on even the simplest acts. For small businesses, it’s been a case study on adaptability and resilience. PRISM has always been forward-thinking in how to best serve client needs. With new skills from the Goldman Sachs 10,000 Small Businesses program and deeper industry knowledge from the Rice Business Commercial Real Estate Investment and Development curriculum, PRISM embarked on several major initiatives to drive client engagement in 2023.
Developer Hines continues to expand their multifamily portfolio since creating the division in 2011. The Rosslyn at Garden Oaks is all about location, location, location. Located on the northern edge of the Houston Heights, this 4-story wrap apartment community takes full advantage of its highly walkable location. The Rosslyn caters to residents looking for affordable luxury in a community setting. PRISM developed several marketing renderings to give prospective residents a sense of the overall vibe, the curated amenity offerings, and the attention to detail.
In its second year of business, Freehill Development Company already has five substantial projects underway. PRISM worked with Freehill president, Will Paton, to develop marketing renderings for two of their projects - Clovis Crossing in San Marcos and 1300 Westinghouse in Georgetown, Texas.
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