A teaser website is now up and more work is underway on the Residences at Hardy Yards, touted as a component of the Near Northside’s very first mixed-use development. The apartments — “part of a comprehensive, mixed-use redevelopment of the Hardy Rail Yard site,” per city documents — are going in on 5 acres of the long-neglected former Southern Pacific and Union Pacific rail yard near the corner of N. Main St. and Burnett St., 2 blocks north of I-10, hard by the new MetroRail line, and just east of UH-Downtown.
Earlier this month City Council approved a performance-based loan of $14,500,000 in federal hurricane relief money to the Houston and Financing Corporation-created entity HY FS LLC to build a 350-residential unit development on part of the 49-acre recently guerrilla-gardened property.
One condition of the loan: that 179 of the total of 350 one- and 2-bedroom units be affordable:
The development, which has a total budget of $50,452,714, will affirmatively further fair housing in the Near Northside by maintaining affordable housing options in a neighborhood where gentrification is expected. Currently there are extensive public and private investments underway in the Near Northside with projects such as the Metro light rail Red Line extension and drainage and street improvements.
One nearby infrastructure enhancement appears to have some bearing on this project: the closure and reconstruction of the nearby Alfred J. Hernandez tunnel, the stated aims of which are to “improve access to Burnett Street from N. Main St.” and “bring major water and wastewater infrastructure improvements to the area.”
Lee Zieben registered the Residences at Hardy Yards website and is listed as the development group principal in city documents. A construction loan of $27,473,993 and developer equity of $8,478,721 comprise the rest of the project’s budget. Amenities planned so far the Residences include “a resident center offering computers and business center.” The lakes you see in the pics are likely temporary.
- Residences at Hardy Yards [Houston City Council Agenda]
- Previously on Swamplot: Planting Bush Beans and Citrus Trees at the Hardy Yards
Photos: Swamplot inbox