CDS Community Development Strategies
However, as previously mentioned, the nearby walking distance amenities are few at present; even the nearest light rail station (for access to the University of Houston) is a fairly long walk. And on-site amenities are also limited, compared to Class A apartment developments. The conventional wisdom is that urban residents are willing to exchange interior private space for high quality common area and public space / walkable neighborhoods, but is that an even trade in this case? Potential residents have other relatively inexpensive options for rent or purchase, with more interior space, if they’re willing to consider older properties a bit further from Downtown in the eastern half of the Loop. So, it’s hard not to look at Ivy Lofts as a risk – and at 24 stories and 550 units, it seems a pretty big one.
Ivy Lofts Biz Journal Article
Ivy Lofts Swamplot Discussion
ULI's Macro View on Micro Units