Austin-based residential developer reveals plans near Exxon Mobil campus by Houston Business Journal

Houston Business Journal - A new residential development is coming to the area around the massive Exxon Mobil Corp. (NYSE: XOM) campus in north Houston that's set to open in 2015.

Oden Hughes, an Austin-based developer, said on April 7 that it broke ground on Parkside Place, a 384-unit apartment complex at the northwest corner of FM 2920 and Kuykendahl Road. The new complex is just four miles from the Exxon Mobil campus.

"This site is located in the hottest submarket in Houston," ARA Vice President Tom Dosch said in an Oden Hughes press release. "With Grand Parkway currently under construction directly to the north and Exxon beginning to fill their 385-acre campus …, this project definitely will benefit from the jobs and population growth in the area."

Parkside Place will feature units ranging in size from one to three bedrooms and 525 to 1,400 square feet. The developer estimates rents will run between $900 and $1,700. The complex will also feature amenities like a pool and sundeck, a 24-hour fitness center, a dog-walking park and a movie theater room.

Parkside Place will be the second Houston project for Oden Hughes, and its 10th in Texas.

The Exxon Mobil campus area has gotten a lot of attention recently from residential developers. Magnolia, Texas-based Gracepoint Homes said it would begin construction in April  on a 156-acre community near I-45 and south of FM 1488.

And Indianapolis-based Watermark Properties  purchased 12.9 acres near the campus site in December 2013, where the developer said it would break ground on a 308-unit, four-story apartment complex.