Is H-E-B helping this development during this economic downturn?
The St. Andrie is the multifamily component of ZCA’s mixed-use design for the first phase of BKR Memorial’s Buffalo Heights, developed by Midway Companies. The St. Andrie opened in November 2019 along with the H-E-B grocery, and One Buffalo Heights creative office space. Grocery-anchored mixed-use development is the lifestyle that renters are seeking.
Between March 11, 2020, and April 9, 2020 – the first full month of stay-at-home from the COVID-19 pandemic – the 4 and 5 star apartments located in the Houston Heights submarket showed a negative effective rent growth, but The St. Andrie did not suffer the same slowdown.
We theorize why in the case study below: