OFFERING AN EXTRAORDINARY LIFESTYLE EXPERIENCE IN TWO EXCLUSIVE 16-UNIT COMMUNITIES
University Oaks is comprised of two stunning, class A+ boutique affordable luxury developments with million- dollar-home inclusions and finishes in a neighborhood located within close proximity to the University of Houston (UH), world-class Texas Medical Center, UH medical campus, Downtown Houston, Rice University, and the upcoming Texas A&M University complex.
With a focus on wellness, University Oaks is a great addition to an area that has a bustling, innovative urban core with robust economic development. This development is ideal for students, graduates, research fellows, teachers, patients and families, university employees, service providers, as well as young professionals working downtown or at surrounding medical facilities.
Immense thought and consideration have gone into every single aspect of design, our aim being to harmonize with surroundings and fire the imagination. Restrained elegance is the theme, especially for residents who want the best of everything.
We want University Oaks residents to experience the tranquility, enjoyment, culture and community someone would expect from a health & wellness resort. Our design team has meticulously planned each residence, to ensure that superb quality and stylish elegance shines through in every single space.
HOUSTON – POSITIONING
Houston, known as the Bayou City, was recently voted “U.S. most liveable city”, and is notably the 2nd greenest city in America.
Houston ranks #2 in the nation in overall population growth 2010-2020, with Greater Houston’s population predicted to surpass 10 million by the year 2040. Building on this extraordinary growth rate, an investment in centrally located Park Lane should enjoy strong future demand and price growth.
If Houston were a country, it would be the world’s “26th largest economy”. Houston ranked #1 in job growth in 2018, and is blessed with a wealth of world class and internationally recognised retail, dining and cultural pleasures.
University Oaks will be the closest Class-A (A+) multifamily offering to the new University of Houston medical campus, approximately 0.25 miles to the University’s most prestigious campus comprising of 13 hi-tech buildings.
A BENCHMARK FOR URBAN-WELLNESS COMMUNITIES OF THE FUTURE. A PLACE YOU WANT TO CALL HOME, TO RETURN TO AT THE END OF THE DAY
In a Coronavirus-conscious world, parkland becomes a much more desired amenity. University Oaks is ideally positioned directly opposite the 83-acre MacGregor Park, featuring sweeping expanses of picnic grounds, tree-shaded green lawns, swimming pool complex, tennis center, jogging and cycling trails, and more.
This large green space could replace jam-packed gyms where amenities are shared with multiple individuals at the same time. Everyone needs exercise and fresh air for the sake of sanity, and parkland meets these needs.
According to Knight Frank, more than 50% of Americans consider access to nearby green spaces as an important attribute when looking for properties1. Their report also revealed that park-view properties command an average 18-34% price premium.
UNIVERSITY OAKS – AMENITIES
University Oaks’ pioneering design proudly incorporates an array of customized, highly desirable features which will distinguish the development from its competitors and be the envy of its neighbors.
University Oaks’ residents will enjoy the convenience of state-of-the-art home automation, complementary electric bicycles, and safety of 24-hour security.
We are offering one of the first Delos wellness multifamily housing in the state of Texas – a need that is significantly amplified due to the COVID-19 related pandemic and knock-on effects of future health issues. Health and wellbeing is now the number one concern of Americans, and our project is perfectly aligned to take advantage of this renewed need and the upcoming massive demand for “all things healthy”, especially related to living conditions.
Healthy homes will become the gold standard for buyers, investors and tenants from this point on, and we will be the first to bring a “healthy home” small multifamily product to the Texas market. Our investors will appreciate the upside potential for this project, including the potential for a significant rental premium given University Oaks will be the the only healthy rated living option in the Houston marketplace.
Today, social distancing measures are most often thought as a way to slow the spread of the coronavirus pandemic. With the upcoming massive demand for healthier living conditions in mind, our project features:
Larger size rooms: Each unit is over 1,000 sq. ft. in size which is larger than comparable properties in the submarket. Each unit features 2 king size bedrooms and 2 bathrooms. This provides ample space for each resident, especially if they spend more time at home. No more feeling “cooped” up in a smaller, older apartment.
Lower density: For student housing, parents may insist on lower-density units rather than the typical 4-bedroom unit in a dense 500-bed student housing project. Not just for the health of their kids, but also for their own health. This could be a major differentiator in leasing. From a city perspective, some people will not want to be in denser cities such as NYC, the epicenter for the virus due to high-density. Houston is famously low-density with by far the most green space and parkland than any of the top five cities. It ranks #2 for most green space in the country (behind San Diego) at 27 acres per 1,000 residents.
Small Office Home Office (SOHO): In place of a second bedroom, couples may want to the option of utilizing their spare bedroom as a home office.
Fresh air: Bigger windows and balcony.
Outdoor amenities only: No elevator, gym or shared indoor amenity spaces. We perceive shared amenities could become legal liabilities to building owners in a post-corona world. Across the country, community amenities are closed off. It is likely that in the “new reality”, we will see lower-density multifamily projects in much greater demand.
Affordable Luxury: Residents will enjoy “million-dollar-home” inclusions & high- end designer finishes, such as 10-foot high ceilings.
Branded Delos® Darwin Apartments: A branded “Healthy Home” by the #1 Health and Wellness real estate company in the world that invented the WELL living standard!
Good value: Underwritten at Class-A median price.