Former UH frat house becoming multifamily complex

​​​HOUSTON – WGC Development will break ground this month on Tower 5040, a private luxury apartment building near the University of Houston at 5018 Calhoun Rd.

The eight-story project will have 147 units with a mix of one-, two-, and four-bedroom options. It will have a three-story parking garage with five stories of residences above that. 

The nearly 1.5-acre site is the former home of a fraternity house.

This month, a $2.86 million building permit was filed with the city. Construction is expected to begin later this month and should wrap up by summer 2020. 

WGC Development is a partnership between locally based Wellington Development Co., Colorado-based private equity firm Gore Creek Partners LLC, and an unnamed investor.