OHT Partners Breaks Ground on New 360-Unit Luxury Apartment Community Near Katy Boardwalk
OHT Partners has officially begun construction on its 17th Houston‑area luxury apartment community, located at 23615 Kingsland Boulevard in Katy. The 360‑unit, three‑story development will rise on 14.2 acres, offering 246 one-bedroom and 114 two-bedroom homes just south of I‑10 and west of Grand Parkway (99)—a corridor anchored by Katy ISD’s top‑ranked schools and growing lifestyle attractions.
A Lifestyle Curated for Today’s Renters
Each residence, ranging from 702 to 1,256 square feet, is crafted to meet modern expectations: smart-lock access, Wi‑Fi thermostats, French door refrigerators, quartz countertops with brass hardware, vinyl‑wood flooring, open shelving, front‑lit vanity mirrors, linen closets, and built-in mud rooms. Residents will enjoy resort‑style amenities including a pool with cabanas, co‑working lounge, clubroom kitchen, 24/7 fitness center, pickleball court, EV charging stations, package lockers, a 7,800‑SF dog park, artificial‑turf game lawn, and community‑wide Wi‑Fi.
Architecturally inspired by European Farmhouse design—with light brick exteriors, clean gabled rooflines, and warm-toned interiors—the community aims to feel timeless, welcoming, and refined.
OHT Partners’ sister company, OHT Partners Construction, is on board as general contractor, with architectural design by Meeks + Partners.
“As potential homebuyers navigate economic uncertainty, many are choosing to rent for greater flexibility and affordability,” notes HAR Chair Shae Cottar.
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Houston’s Shift Toward Renting: Market Forces at Work
According to the Houston Association of REALTORS® (HAR), the Houston rental market is experiencing record inventory growth and persistent demand. In June 2025, single‑family rental inventory surged to 7,117 new listings—a historical high—while 4,590 leases were signed, reflecting a 5.2% year‑over‑year increase. Yet average lease rates remain comparatively stable, ticking up about 1% to around $2,400.
This broader market context reveals why upscale, amenity‑rich multifamily projects are gaining traction: purchasers face unaffordable mortgage payments—median home prices in Harris County hovered near $346,000 in June 2025—and many households delay or forego buying altogether. Only 40% of local households could afford a median-priced home in early 2025; in contrast, rental housing remains more accessible.
The national narrative echoes these dynamics: according to the Urban Institute and research cited by Business Insider, renters now number 45.6 million in the U.S., including growing numbers of older and affluent individuals choosing the lifestyle, flexibility, and reduced financial risk of renting—even long term.
How the Katy Project Fits In Rental Trends
Katy is part of a region leading new build-to-rent communities in suburban Texan markets like Katy, Cypress, and Tomball. These developments offer the feel of homeownership—yards, spacious layouts, garages—without the long-term commitment, and with professional management amenities.
OHT Partners’ upcoming project aligns perfectly with these trends: luxury finishes, high-end on-site features, and strategic location near the future Katy Boardwalk plus shopping, recreation, and major thoroughfares—all while maintaining competitive rental pricing.
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Vice president Jackson Simons captures the vision: “This project will meet that demand in one of the area’s best locations with leading unit finishes and amenities while maintaining competitive rental pricing.” And with European‑Farmhouse styling, “the result is a cohesive aesthetic that feels timeless, welcoming and refined.”
Looking Ahead: Mid‑2027 and Beyond
The development is scheduled to open in mid‑2027. Rental rates will become available closer to that timeframe. Given Katy’s reputation for top schools (like Katy High School), access to major employers, and evolving lifestyle hubs like the Katy Boardwalk, this community is poised to attract professionals, young families, and relocating renters seeking premium rental living.
This project is yet another reflection of Houston’s changing way of living, where rising rents, growing rental options, and a shift toward renting as a long-term lifestyle choice are shaping how people choose to call Katy home.
Tiffany Krenek has been on the My Neighborhood News team since August 2021. She is passionate about curating and sharing content that enriches the lives of our readers in a personal, meaningful way. A loving mother and wife, Tiffany and her family live in the West Houston/Cypress region.
