HOUSTON-GE Real Estate and Trammell Crow Residential are poised to launch construction in the coming months on two Alexan-branded complexes. The recently formed joint venture will build the 412-unit Alexan Eagle Creek in northeast Houston and the 350-unit Alexan Ribelin in Austin.

Mark DePucchio, managing director for GE North American Equity in Norwalk, CT, says the JV is targeting more sites in Texas and elsewhere in the US although there is no set development goal. “TCR is an outstanding developer. They have a lot of experience on a national basis and do a good job of delivering the product on time and within budget,” he says. “With all the changes in the market recently, TCR is a strong partner with a great product.”

DePucchio tells GlobeSt.com that the joint venture is planning to sell the Alexan complexes at completion or sooner. The first units for the two projects will come on line by year’s end.

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