While denser cities like New York City are no stranger to micro-living, the Ivy Lofts will be Texas’ first introduction to micro-units. New York-based Novel Creative Development is leading the 1.4-acre project, described as a “game-changing, scaled-down living concept [that] lifts the veil on a smart, sophisticated new way to live affordably in the heat of the city…by making every square foot count.” Designed by local firm Powers Brown Architecture, the tower will comprise 500-plus micro-condominium units stacked atop 15,000-square-foot first-floor retail.
The Ivy Lofts will offer ten floor plans with units ranging in size from the approximately 350-square-foot “Tokyo” units to the more spacious 1,000-square-foot “Houston.” In addition to their contemporary interiors, each unit will also be attached to a spacious walkout balcony with panoramic views of rooftop terraces. To make up for each unit’s compact size, the Ivy Lofts also provide extensive resident amenities, including multiple green spaces, an air lounge, and fitness center.
The Ivy Lofts pricing starts at $139,900 for the Tokyo and goes up to as high as $584,000 for the Houston. Interested buyers can tour the newly unveiled Ivy Lofts sales center, which showcases four floor plans: The Tokyo, The New York, The Barcelona and the Paris. The project is expected to break ground in August and could be completed by the end of 2018.