News and Announcements




Nassau Bay Town Square
(Now named "Voyager at Space Center)


FOR IMMEDIATE RELEASE

Contact: Susan Tyree
styree@griffinpartners.com
713.439.5340

GRIFFIN PARTNERS ANNOUNCES NASSAU BAY TOWN SQUARE
MULTI-FAMILY DEVELOPMENT TO BEGIN CONSTRUCTION


Nassau Bay, TX
Nassau Bay Town Square
(November 17, 2008)

Martin Fein Interests, Ltd. closed on the land acquisition this week and plans to start construction before the end of November on an apartment home project in the Nassau Bay Town Square master-planned community in Nassau Bay. Nassau Bay Town Square is a mixed use development adjacent to the NASA headquarters, and Clear Lake. Fein’s newest project will consist of 313 luxury apartment homes, in Nassau Bay Town Square fronting NASA Parkway at the intersection of Saturn Lane, and the new 529 Spur connecting directly to I-45. The apartment buildings will be four stories in height with one bedroom, two bedroom and three bedroom units, surrounding a 6-story garage. The exterior façade of the building will utilize a mixture of Somerset brick and Texas Stone brick and features a Contemporary style. Residents will enjoy easy access to NASA, water sports and recreation on Clear Lake and in Kemah as well as jogging and cycling. Houston’s Hobby Airport, downtown Houston and Galveston are a convenient commute via I-45.

Amenities will include electronically monitored access gates and a luxurious Club House facility. The Club House will be designed to include a “Great Room” with a kitchen and will have an area of game tables and seating areas that can be combined for a party, a Cyber Café with computers, and a billiards room as well as a fully equipped fitness center. The property will also feature a resort style pool and spa, as well as a separate courtyard with large reflecting fountain and outdoor cabana. Occupancy is expected for early 2010.

The apartment home sizes will range from 670 square foot one bedroom apartment homes to 1,422 square foot three bedroom apartment homes. Washers and dryers will be included in every unit, as will microwave ovens, icemakers, cable TV and dedicated computer connections. All units will have custom trim, while select units will feature built-in bookshelves and computer desks.

Steinberg Design Collaborative is the architect while interior design is being provided by Moore Design Group. Westchase Construction, an affiliate of Martin Fein Interests, Ltd. will be general contractor for the project.

Guaranty Bank represented by Lee Mitchell is providing construction financing. The permanent loan is through a joint venture between Fein and Guardian Life Insurance.

Founded in 1989, Martin Fein Interests, Ltd. is a multi-faceted development firm. The company has developed thousands of luxury apartments in Houston and the Southwest, including Denver, Tucson, San Antonio and Austin. This new apartment development in Nassau Bay is part of the company’s ongoing extensive development program.



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