Buckhead Investment Partners, Inc. is a real estate development firm focused on the development, ownership and operation of multifamily residential properties. The corporation typically serves as development partner as well as corporate general partner for various single-asset ownership entities formed for each new transaction that it undertakes. Since it was chartered by the State of Texas on April 26, 1996, the firm has developed over 3,000 multifamily units in the state of Texas. In 2001, Buckhead delivered more units in Houston than any other multifamily developer.
1717 Bissonnet Trial to Begin November 19, 2013
We have been sued in State District Court by a group of residents from the adjacent subdivisions in an attempt to block our development at 1717 Bissonnet, and a trial will begin on November 19, 2013. The plaintiffs seek to stop a fully entitled and legally permitted project on unrestricted land that is owned by Buckhead Investment Partners, Inc. and our partners, and will replace a dilapidated apartment complex with a nationally-recognized “green” building that will promote walkable, transit-oriented living in Houston’s urban core.
Our team supports individuals’ rights to bring action against endeavors they deem unjust, and we respect the judicial process. We are grateful for the opportunity to put an end to this dispute in a fair and balanced system. Still, we remain confident that these Plaintiffs’ claims are without merit and are not supported by Texas law.
This lawsuit threatens the ability of developers to respond to the rapidly increasing demand for housing in the heart of one of the fastest growing cities in the country. If successful, the resulting lack of predictability and uncertainty in the law would invite a flood of similar litigation aimed at stopping projects subjectively deemed as inappropriate or undesirable by any individual or like-minded group of would-be plaintiffs. There would be an immediate and economically debilitating chilling effect on the development of new and desperately needed real estate projects that have been legally permitted throughout Texas.
We are confident that upon completion of this innovative and exciting development, Houston will be provided with an upscale and neighborhood-friendly housing option with easy access to many of the city’s best cultural and entertainment offerings.
This exciting redevelopment will be among the first residential buildings in Texas to receive a Leadership in Energy and Environmental Design (LEED) certification – the nationally accepted benchmark for the design, construction, and operation of high performance “green” buildings. Pedestrian-friendly and transit-oriented, 1717 Bissonnet will provide those who enjoy living in an exceptional inner-city area an alternative housing option that doesn’t already exist and will cater to a “walkable” urban lifestyle that allows more people to rely less upon their cars and live closer to their work and Houston’s world-class cultural and entertainment venues. A mere10-minute walk from two METRO Rail lines and located on one of the top five most utilized METRO bus lines, 1717 Bissonnet is also within walking or cycling distance of Rice University, the Texas Medical Center, all of Houston’s major museums, Hermann Park (with its zoo, outdoor theater and golf course) and the Rice Village shopping area. On-site “life-style” amenities such as a restaurant, shop, private offices, wellness spa and a dynamic pedestrian plaza will serve both area and building residents, who will enjoy unmatched views over an extensive tree canopy of Downtown, the Medical Center and the Galleria/Post Oak.