Georgetown’s Water Street Up for 49 Unit Condo Building & Major Expansion

One of the large buildings you see coming off the Whitehurst Freeway has big aspirations for redevelopment. The existing buildings at 3401 Water Street in Georgetown may get a re-do that includes 5 additional stories, a rooftop pool, lounge & parking. Forty-nine condos are planned in the new structure.

Projects have been proposed at this site in the past. A 54 unit project was proposed about 2 years ago before the building was put for sale at $15 million earlier in 2019. A concept application for the current vision has been filed with the Historic Preservation Board by the IDI Group with designs by BBGM. The developers are seeking an increase in the number of stories, an addition of a premium penthouse and additional below grade parking over prior submitted plans by different parties.