Morgan Group is riding the demand wave for apartments in Houston; they plan to open another of their luxury Pearl product in early 2023. Construction is underway on Pearl Rosemont, located on the western edge of Midtown. ApartmentData.com reported in their September report occupancy rates of 91.7%, the highest rate in over two years. Rents are also rising at the fastest pace in years.
In keeping with the Pearl brand “live well” experience, Pearl Rosemont will feature luxury finishes, distinct amenities, high energy efficiency, and a walker-friendly neighborhood. Morgan is also going bigger at Pearl Rosemont with 13 stories, to take advantage of surrounding views to downtown and Uptown. The site is at the corner of Albany and Dennis Streets and surrounded primarily by single family homes. PRISM worked with Haven Design Studio to produce interior renderings the project. This is the # Pearl project PRISM has worked on.
Pearl Rosemont will have 298 units, each with a balcony, and total 258,000 s.f. Architect Ziegler Cooper created an aqua lounge, a covered common area adjacent to the resort-style pool and outdoor kitchen on the fifth floor. There is also a platinum fitness center with a private workout studio, dog washing stations, and an in-house Stockwell mini-store. There are 427 parking spaces on the first floor levels of Pearl Rosemont, with nine levels of residential space above. This puts all units above the tree line with exceptional views to the downtown Houston skyline.
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