text: Developer to break ground on luxury apartments near River Oaks - Prime Property
  By Nancy Sarnoff on November 16, 2012 at 4:30 PM
  The new Willowick Park development will have 552 apartments targeting different segments of the rental market when it opens in 2014. The project will comprise two midrise buildings and townhomes surrounding a one-acre park.
  Developer Martin Fein Interests released details today about the development:
  The development will be built on 10 acres at West Alabama and Las Palmas. It will triple the number of units now on the site. The 171-unit Willowick Court Townhomes will be demolished to make way for the new project. The appliances, light and plumbing fixtures and other items will be donated Habitat for Humanity, the developer said.
  Amenities will include a yoga and pilates studio, a day spa, conference rooms, and a private dining room with catering kitchen and a bar overlooking The Galleria and wine lounge overlooking the downtown. Interior finishes will include hardwood floors, quartz countertops, under-mount sinks, designer tile backsplashes, custom cabinets, under cabinet lighting, GE stainless steel appliances, and full-size, front-loading washers and dryers.
  Steinberg Design Collaborative and Ziegler Cooper Architects designed the project.
  Assurant Inc. of New York will provide equity financing, while JP Morgan will lead the lender group that includes BBVA Compass and Amegy Bank in providing debt financing.
  Equity financing was arranged by Hal Holliday of CBRE, with the assistance of A. David Schwarz IV of Grandbridge Real Estate Capital.