The developers behind the Fairmont Museum District apartments in Montrose could break ground on a new phase later this year at 4343 Woodhead St., a filing shows.
Work on a project called Fairmont Museum District III is slated to begin Sept. 1, according to a document on Texas’ licensing and regulation website.
The scope of work describes it as a 302-unit development with nine stories of apartments above a three-story garage. The leasing office will be on the ground floor, while amenities are planned for the fourth and 12th floors. The filing lists Houston-based Steinberg Dickey Collaborative as the design firm.
County appraisal records show the tract of land belongs to the entity Woodhead Development LLC, which bought the land in May 2018. In 2019, the land was appraised at $7.89 million.
That entity is linked to Josef Marom, according to the Texas comptroller site. Requests for comment from Marom via the number listed on the state filing weren’t immediately returned.
In 2003, the Houston Business Journal reported Marom offered the Houston Independent School District $2.6 million for a 3-acre tract at 4310 Dunlavy, the same address for the Fairmont Museum District apartments currently on the ground. That tract sits next to the land earmarked for the third phase.
Meanwhile, the Montrose submarket is the busiest area for proposed apartment projects, with 11, according to data as of Dec. 18 compiled by Houston-based ApartmentData.com. The research site tallied up 93 proposed communities across Houston. A March report from the site counts 61 communities, or 18,203 units, currently under construction.