Fairfield Completes 14-Story Houston Multifamily Tower

Fairfield Residential delivered 1010 Waugh, a 14-story, 340-unit luxury multifamily community in Houston’s Montrose neighborhood. The company will also manage the property at 1010 Waugh Drive. The concrete- and steel-built high-rise replaced a single-story commercial building.

Multihousing News reports Fairfield secured a four-year, $77.4 million construction loan from Texas Capital Bank in January 2023.

The ground floor houses the lobby, coworking space and a cyclist shop. Other amenities include a pool deck with cabanas, a fitness center, a sky lounge, a golf simulator, conference rooms, a game room, bicycle storage, package lockers, a dog run and pet lounge.

1010 Waugh has a mix of studio, one- and two-bedroom units that range from 539 to 1,612 square feet with an average of 1,003 square feet. Rents range from $1,873 to $4,799, with a mean of $3,033.

Fairfield developed 1010 Waugh in partnership with designer KTGY Dallas. Fairfield has at least 18 multifamily properties in the greater Houston area.