This recent aerial survey of Australian developer Caydon’s 357-unit Fannin St. apartment tower between Drew and Tuam streets shows just how much it now sticks out from the rest of Midtown’s surrounding flatlands, the buffer between Downtown and the Med Center. Though the apartment’s planned 27 stories aren’t complete yet, it’s already one-upped everything in the nearby building-scape — most dramatically, the tiny park structures that occupy the superblock on the other side of Main St.
And there’s more where that came from: The developer still plans to get started on 2 more adjacent towers — in place of the departing Art Supply store and on the block that’s bounded by McGowen, Fannin, Dennis, and Main streets. Both will include all kinds of street-level retail (depicted in renderings that have now been scrubbed from the internet) and should begin rising after the apartments going up now are complete.
- Previously on Swamplot: Flying Biscuit Cafés Cleared To Land in Caydon’s Midtown Tower Trifecta, Across from Memorial City Med Center; Australian Developer Now Has All 3 Midtown Blocks Lined Up for Incoming Highrise Trio; Caydon Properties Wants To Build These Second and Third Towers Next to McGowen Station in Midtown; How That Second Planned Midtown Highrise Will Rise Above Mental Health Site, Rail Line, Midtown Park; Multiple Excavators Divide and Conquer Former Midtown Mural Hub; Mural-Slathered Former MHMRA Building Readies For The End; Daily Demolition Report: Willowbroke
Video: Phillip White
So much for any affordable rentals in Midtown. A friend lives nearby in a very cheap smallish unit- I told him DO NOT move out of the building. Stay there until he dies. He pays less than $800 per month !!! I did say move to a unit in the back of building -it’s quieter. Anyway, the views better be breath-taking for what Caydon thinks it’ll get. Of course, the 3 towers are each others competition and the over supply will lower the asking price.
Just a nitpick, but I’d consider Midtown to be between Downtown and the Museum District.
HappyGoLucky: We super cool (IMO) all bills paid units in midtown for $850. So a bit over $800, but they’re all bills paid so sort of like paying $750 at a place you had to pay bills.
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Even in Montrose, I’d say 90% of our stuff is under $1000/month. So it exists, just not with any place that has a big name outside.