(To read more on the multifamily market, click here.)
HOUSTON-Two Texas companies have joined forces for the firsttime to develop the luxury mid-rise Almeda at Old Spanish Trail.Groundbreaking on the first phase, 304 units in the Medical Center,is scheduled to take place in the coming months.
The project will be situated on a little more than eight acresat the intersection of Almeda Road and Old Spanish Trail. It isbeing funded through Crow Holdings' Realty Partners IV LP's$850-million fund. Houston-based Simmons Vedder & Co. is thedeveloper. Almeda at Old Spanish Trail is the first ground-upmultifamily project for the Dallas-based fund.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
