HOUSTON-Hunington Residential Inc. has acquired the iconic Houston property, Vargos on the Lake, and is planning an Oct. 30 ground breaking for a luxury multifamily development. The site was formerly home to Vargos, a high-end steakhouse. Hunington plans to begin occupancy by summer of 2014.

Vargos on the Lake will feature 276 one-bedroom and two-bedroom apartments, including thirteen three-bedroom townhomes. The apartment community will offer active recreation via the Fit Flicks Theater; which will feature a projection wall and cardio equipment such as rowers, bikes, treadmills and Stairmaster. Fit Flicks Theater will screen movies on a daily basis.

Additional top-of-the-line amenities will include two leash-free dog parks, resident clubhouse and demonstration kitchen, conference/private dining room, evening concierge, cold food delivery storage, kickboxing station, three outdoor kitchens, active pool, outdoor fire lounge, zen pool, global gaming room, yoga studio and two massage rooms.