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![]() Apartment complex springs up as initial piece of West 8 puzzle After seven years of preparations for a 104-acre mixed-use project in west Houston, Richfield Investment Corp. has finally begun construction on the first element to come out of the ground -- a high-end multifamily complex. Portico will be located at "There's a huge amount of demand for different types of housing in the Westchase District," says Jim Murphy, president of the district. "High-end, midrise properties don't exist in this part of Portico will have a mix of Spanish, Mediterranean and Texan architectural elements created by Antonio Flamenco of Houston-based Insite Architecture Inc. Flamenco recently gained fame as the architect of the 2005 HGTV Dream Home in Apartment units will feature Roman soaking tubs, frameless showers, stainless-steel appliances, glass-top stoves, brushed-nickel fixtures, crown molding and spaces designed for home offices. Rental rates have not yet been set for the units, which will range in size from 815 square feet to 2,400 square feet. The Portico apartments are expected to be ready for occupancy by November. Long time coming The 104-acre West Eight site was purchased from Baker Hughes Inc. in 1999 by West Eight LP, a private group of California-based investors. The investors, in turn, hired Houston-based It has taken years of land development just to get to the point of breaking ground on the first element in the project. Over the past seven years, Ginger Stephens, "We were slow at doing all those things," she says, "but they were issues that were put in our lap by Baker Hughes." Richfield President Rick Sabella said in a prepared statement that he knew a project of this scope would take many years to develop because all of the separate pieces affect each other during the planning process. "One move speaks to the next like a Rubik's cube," Sabella said. "There is nothing easy about mixed-use." The simplest improvements probably occurred on existing properties. The company has spent a dozen years amassing some 10,000 acres of land in the |
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