The soon-to-be-complete second Mosaic tower on Almeda across from Hermann Park will have a different name, reports Nancy Sarnoff in the Chronicle. It’ll be called the Montage, and all 394 units will be rentals, as predicted.
“The market is not supporting sales in two towers,” said Thomas Cervone of Camelot Realty Group, which was hired over the summer to sell units in the building.
Leasing on the second building will start in January, with the units renting for an average of $2.25 per square foot.
The new name will help distinguish the southern tower from the first one, which apparently also features a large number of rentals, even though it remains officially a condo building.
- With sales creeping along, second tower to go rental [Houston Chronicle]
- Mosaic Rumor: Second Tower Going Rental? [Swamplot]
Photo: Aerial photo of Mosaic from July: Aero Photo