A unique hidden feature is a massive concrete detention vault for stormwater under the...
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“It really serves a great niche,” Eric Barvin said at the recent grand opening. “The property is 26 percent occupied after two months, and no concessions . It’s a testament to demand.” The rents at Revl are exceeding projected expectations of $2.26 per square foot, said Kate Kelm, director of investor relations at Barvin.
“We built the largest structured detention vault in Houston,” said Derrek LeRouax, vice president of development for Barvin. “It’s a concrete bathtub. That bathtub is the size of a football field, 23-feet deep.”Shopping center demolition begins to make way for Stella & Braes apartment and retail development
Barvin, which owns apartments in Houston, Dallas, Austin and San Antonio, plans to break ground on its next project in the first quarter of 2023 and is considering other Texas markets. The company, which has more than 700 active investors, shifted its portfolio from mid-priced workforce apartments to newer so-called Class A apartments beginning in 2018, according to Kelm.
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