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Original article by Cara Smith for Houston Public Media
When Kevin Batchelor moved to Houston in 1994, he had just spent five years in Paris and another five years in New York City. Only 31-years-old at the time, he was a prime candidate to buy a home in one of Houston’s many growing suburbs, but he opted to rent an apartment in the urban core instead.
Just one problem, though – there weren’t many options.
“I couldn’t find an apartment that didn’t look like something from the Fort Worth suburb,” Batchelor said. “It literally shocked me.”
Today, Batchelor is senior managing director of Hines’ multifamily division in the southwest region, so he has a bit more influence over Houston’s multifamily market. Among other things, he’s betting on sustained demand for top-quality developments, walkability and an increasing pool of renters in Houston.
Since Hines’ multifamily division launched in 2011, it’s built $1.5 billion in development in the southwest region and a national development pipeline of $4 billion across the U.S. In Houston, Hines recently unveiled the Aris Market Square, a 32-floor, 274-unit luxury high-rise in downtown Houston at 409 Travis St. Earlier this year, Hines opened another luxury apartment tower called The Southmore, a 24-story building in the Museum District.
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