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Apartments are like gadgets that follows the lifestyle trend. The River Oaks Luxury Apartments – a 1960 17 story high rise will now take into its new form. New York-based Arel Capital is planning to rehab the building and convert the units into condos. The apartment is envisioned to be a 92 unit condominium building in the next two to three years.
The project is part of a trend in the River Oaks and Galleria areas and the NewYork – based company is planning to turn the building into a top-notch facility. The idea of turning 17 story building came after projecting the demand for condominium in the future.