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Mosaic is a high-rise condominium development located next to Hermann Park and its golf course, adjacent to the Museum district and Zoo. On the other side of the park is the Texas Medical Centre, Rice University is less than a mile away and Houston’s Downtown is only 10 - 15 minutes away by car.
Mosaic will include two 30-story towers with 396 residential units in each tower, as well as 25,000 square feet of retail.The first tower is due to complete in September 2007, the second in the early part of 2009.
The units themselves are open plan and have soaring 10 ft high ceilings with floor to ceiling glass that provide great views of Hermann Park, the Texas Medical centre and the Downtown Houston Skyline. There is hardwood flooring, granite counter tops and walk in closets. The whole building will be fibre optic too.
This is the first development of its kind in Houston. A striking one-acre ‘amenity deck’, with pool, landscaping, fire pits and outdoor dining areas that stretches between the towers. Parking comes free with your purchase and that’s just the start of it….
The ‘lifestyle amenities’ of the Mosaic project is a major factor in making it such a unique product. There will also be a state of the art fitness centre, film screening room (for the use of residents at no extra cost), gourmet deli and everything a busy resident will need, from dry cleaners to valet parking.
All this is aimed at attracting the 25-35 year old young professionals who desire this kind of lifestyle, and guess what? Demand for this kind of lifestyle living is not being directly served by any other development in Houston. Put simply this is a unique product with no direct comparable in Houston. But is there demand for such properties?
After an extensive feasibility study the Developers realized that there was demand for such a property and decided upon a strategy of positioning the properties as ‘affordable luxury’, creating units relatively small in comparison to other developments, making them affordable to young professional first-time home-buyers. The blueprint of this project has already worked successfully in other major US cities and Mosaic will be at the forefront of exploiting this untapped opportunity in Houston.
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