KLEIN FOREST APARTMENTS
Raj Development Corporation will set a new standard for apartment living in the Champions market of Northwest Houston with The Klein Forest Apartment development. Designed to provide Class A amenities, it will be the first new substantial apartment home development in this market in recent history.
PROJECT NAME
Klein Forest Apartment
LOCATION
Northwest Houston / Harris County
MARKET SEGMENT
Apartments
NUMBER OF UNITS
864 Units
CURRENT STATUS
In Design, Development Pending Infrastructure Enhancement
VALUATION
Approximately $120 million
OPENING ACCESS AND BREAKING GROUND
The Klein Forest Apartments are designed to provide all the amenities expected of homes in this predominantly single family home market, without the obligations of home ownership. The development will offer 1, 2, and 3 bedroom apartments, two clubhouses, three swimming pools, two dog parks, and multiple other amenities including grilling stations, a sports court, covered parking, and garages. The Klein Forest Apartments will be the most substantial apartment development in this sub-market in decades, which is expected to satisfy an underserved demand.
VISION TOWARDS LONG TERM VALUE
The Klein Forest Apartments will fulfill RDC’s vision for a new apartment home community along the Richey Road corridor, which is slated for growth in coming years. This development will unlock a long term stream of revenue generation, while positioning the greater community for continued growth of it’s tax base. As a singular example of this specification of residential rental property in the market, RDC is confident in the strong demand for the units, and proud to have a development of this scale and quality as its ultimate contribution to the community of MUD 180.
