Houston, Texas, August 30, 2025
News Summary
A four-year construction loan from Veritex Community Bank has been arranged to fund Clock Tower Residences, a seven-story boutique multifamily building with 214 units beside the historic Heights Clocktower in Houston. Developed by a joint venture of Radom Capital and Asana Partners, the project includes four live-work units, ground-floor food-and-beverage space, and extensive resident amenities such as lounges, coworking, media rooms, a fitness and wellness center, yoga deck and pool. Designed by Cobalt Office with interiors by Farouki Farouki and landscaping by CultivateLAND, the development has broken ground and is planned for delivery in 2027.
Clock Tower Residences secures four-year construction loan for 214-unit boutique apartment building in Houston
A construction loan arranged through Veritex Community Bank will finance the build-out of Clock Tower Residences, a seven-story, 214-unit boutique multifamily project rising next to the historic Heights Clocktower in Houston. The loan term is four years and the financing was arranged by JLL Capital Markets, which represented the project borrower in the transaction. The loan amount was not disclosed.
Immediate facts: scope, partners and timeline
The borrower is a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners. Radom recently broke ground on the project, marking the firm’s 15th development in the Heights and its first ground-up multifamily development. The building is expected to be delivered in 2027.
Where it sits and site context
The development site is located at the intersections of 23rd Street, North Shepherd Drive and Lawrence Street, directly adjacent to the historic Heights Clocktower landmark at 611 W. 22nd St. The site sits across the street from a new neighborhood supermarket and is situated in the heart of the Shepherd corridor, an area with restaurants, parks and shops within easy walking distance.
Project program and amenities
Clock Tower Residences will contain 214 traditional residential units and four live-work units. The ground floor will host a neighborhood-focused food-and-beverage concept that is designed to serve both residents and the surrounding community. Common and community spaces are a major element of the program and include multiple resident lounges, coworking spaces, media rooms, a resort-quality fitness and wellness center, entertainment areas with a shared kitchen associated with the adjacent property, contemporary gathering spaces, a yoga deck and a pool with a calm, understated design. The development team describes the amenity and programming mix as blending apartment living with a curated, boutique experience.
Design and landscape teams
The building design is a collaboration of nationally recognized teams. The architecture was led by Cobalt Office, which focused on scale, materiality and proportion to ensure the building feels grounded within the neighborhood. Interiors were developed by Farouki Farouki with an emphasis on layered, warm and tactile materials tailored to daily living. Exterior and landscape design was led by CultivateLAND, whose scope extends a sustainable approach through elevated planted amenity decks and a lush, walkable ground plane to soften the urban edge and invite connection.
Financing and advisory team
The construction financing was arranged by JLL Capital Markets, with the firm’s Debt Advisory team representing the Radom-Asana borrower. The JLL team on the transaction included Senior Managing Director Colby Mueck and Managing Director Michael Johnson, supported by Associate Davis Burnett and Analyst James Lovell. The loan was placed through Veritex Community Bank. Specific loan pricing and the loan amount were not disclosed.
Project significance and background
The addition of Clock Tower Residences provides the residential component of an adaptive reuse and mixed-use development centered around the historic Heights Clocktower building, a structure dating to the late 19th century that has been adapted over time for office and retail use. The new tower is positioned to complement the award-winning clocktower property and reinforce a walkable corridor of retail, food-and-beverage destinations and neighborhood services.
Next steps and construction outlook
With groundbreaking now complete, construction will proceed under a four-year financing commitment. The timetable aims for full delivery in 2027, pending typical permitting, construction and market conditions throughout the build cycle. The project’s proximity to transit corridors, shops and a new grocery anchor is expected to factor into leasing and neighborhood activation once units are available.
FAQ
What is Clock Tower Residences?
Clock Tower Residences is a seven-story, 214-unit boutique multifamily building with four live-work units and ground-floor food-and-beverage space adjacent to the historic Heights Clocktower in Houston.
Who is developing the project?
The project is being developed by a joint venture between Radom Capital and Asana Partners.
How is the project being financed?
Construction financing was arranged through Veritex Community Bank via a four-year loan. JLL Capital Markets represented the borrower in arranging the loan. The loan amount and pricing have not been disclosed.
When will the building be completed?
The project is expected to be delivered in 2027.
What amenities and community features will be included?
Planned amenities include resident lounges, coworking and media rooms, a resort-quality fitness and wellness center, a shared kitchen and entertainment areas, contemporary gathering spaces, a yoga deck and a calm, understated pool. The ground floor will include a neighborhood-focused food-and-beverage concept open to the public.
Who designed the building and landscape?
The architecture is led by Cobalt Office, interiors by Farouki Farouki, and exterior/landscape design by CultivateLAND.
Where is the site located?
The site is at 23rd Street, North Shepherd Drive and Lawrence Street, adjacent to 611 W. 22nd St. and across from a new neighborhood supermarket in the Shepherd corridor.
Project key features
| Feature | Detail |
|---|---|
| Project name | Clock Tower Residences |
| Unit count | 214 residential units; 4 live-work units |
| Stories | Seven |
| Delivery | Expected 2027 |
| Developers | Radom Capital and Asana Partners (joint venture) |
| Financing | Four-year construction loan arranged by JLL; placed through Veritex Community Bank; amount undisclosed |
| Design | Architecture: Cobalt Office; Interiors: Farouki Farouki; Landscape: CultivateLAND |
| Site | At 23rd St., North Shepherd Dr. & Lawrence St., adjacent to 611 W. 22nd St. (Heights Clocktower) |
| Ground-floor use | Neighborhood-focused food-and-beverage concept open to residents and community |
| Amenities | Resident lounges, coworking, media rooms, fitness & wellness center, shared kitchen entertainment areas, yoga deck, pool |
Deeper Dive: News & Info About This Topic
Additional Resources
- REJournals: JLL Capital Markets provides financing for Houston’s Clock Tower Residences
- Wikipedia: Houston Heights
- REBusiness Online: JLL arranges construction loan for 218‑unit multifamily project in Houston
- Google Search: Clock Tower Residences Radom Capital
- Community Impact: Clock Tower Residences in the Heights breaks ground
- Encyclopedia Britannica: Houston
- KHOU: Radom Capital apartment Clock Tower Residences
- Google News: Clock Tower Residences Houston
- ConnectCRE: Radom building rental community adjacent to Houston landmark
- Google Scholar: adaptive reuse clock tower
Author: Construction TX News
TEXAS STAFF WRITER The TEXAS STAFF WRITER represents the experienced team at constructiontxnews.com, your go-to source for actionable local news and information in Texas and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Texas Construction Expo, major infrastructure unveilings, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of Texas and the Texas Building Branch, plus leading businesses in construction and real estate that power the local economy such as Austin Commercial and CMiC Global. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
