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.
JLL Arranges Four-Year Veritex Construction Loan for Clock Tower Residences
A four-year construction loan arranged by JLL through Veritex Community Bank will fund the Clock Tower Residences, a seven-story, 214-unit boutique multifamily project that has just broken ground in Houston’s Heights neighborhood. The borrower is a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners, and the loan amount was not disclosed.
Project at a glance
The development will add 214 traditional residential units, including four live-work units, and will sit adjacent to the historic Heights Clocktower building at 611 W. 22nd St. The site is located at the intersection of 23rd Street, North Shepherd Drive and Lawrence Street, directly across from the new Heights HEB and in the heart of a corridor with restaurants, parks and shops within walking distance. Delivery is expected in 2027.
Design, amenities and community focus
The building was designed by nationally recognized teams with specific attention to neighborhood scale and materiality. Exterior work and landscape design will include elevated planted amenity decks and a lush, walkable ground plane to soften the urban edge and encourage connection to the street.
Interior programming emphasizes a curated, boutique experience with multiple community areas such as resident lounges, coworking spaces, media rooms and entertainment areas that include a shared kitchen associated with the project’s address on West 22nd Street. Amenities also include a resort-quality fitness and wellness center, contemporary gathering spaces, a yoga deck and a pool designed with understated elegance. The ground floor will host a neighborhood-focused food-and-beverage concept open to both residents and the surrounding community.
Development background and local ties
Radom Capital has broken ground on the Clock Tower Residences as its first ground-up multifamily development and its 15th project in the Heights. The residences are planned as the residential component of a larger adaptive reuse and mixed-use vision tied to the adjacent Heights Clocktower property, a historic landmark dating to 1894 that was converted over the years to offices and retail uses and has received recognition from industry groups.
Financing and advisory team
JLL’s Debt Advisory team represented the borrower in securing the four-year construction loan arranged through Veritex Community Bank. The JLL team on the transaction included senior and managing directors along with associate and analyst support. The lender, loan term and advisory role are confirmed, while specific pricing and the loan amount remain undisclosed.
Design and consultant roles
The building design is led by a team focused on proportion and material choices that fit the neighborhood. Interior design will lean toward layered, warm and tactile finishes intended to support daily living rituals. Landscape design extends a sustainable approach across planted decks and the ground floor to invite pedestrian activity and soften the building’s urban edge.
Timing and construction
Groundbreaking has already taken place and the project is scheduled for completion in 2027. Construction financing is structured on a four-year schedule, reflecting the timetable for vertical construction and lease-up planning.
Why this matters
The development adds residential density next to a major neighborhood landmark and a new grocery anchor, while aiming to blend apartment living with curated, boutique amenities and public-facing retail. The financing package and partnership signal continued investor interest in neighborhood-focused, mixed-use projects within the Heights corridor.
FAQ
What is Clock Tower Residences?
The Clock Tower Residences is a seven-story, 214-unit boutique multifamily building being developed next to the historic Heights Clocktower in Houston.
Who is developing the project?
The project is a joint venture between Radom Capital and Asana Partners.
Who provided construction financing?
JLL arranged a four-year construction loan through Veritex Community Bank, with JLL’s Debt Advisory team representing the borrower. The loan amount was not disclosed.
What amenities will the building include?
Amenities include resident lounges, coworking spaces, media rooms, a resort-quality fitness and wellness center, entertainment spaces with a shared kitchen, a yoga deck and a pool. A ground-floor food-and-beverage concept will be open to the public.
When will the project be completed?
The project is expected to be delivered in 2027.
Where is the site located?
The site sits at 23rd Street, North Shepherd Drive and Lawrence Street, adjacent to the Heights Clocktower landmark and across from the new Heights HEB.
Who designed the project?
Design was led by nationally recognized teams covering architecture, interiors and landscape, with emphasis on neighborhood scale, warm interiors and planted amenity decks.
Key project features
| Feature | Detail |
|---|---|
| Project name | Clock Tower Residences |
| Units | 214 residential units, including 4 live-work units |
| Stories | 7 |
| Delivery | Expected 2027 |
| Location | Intersection of 23rd St, North Shepherd Dr & Lawrence St; adjacent to historic Heights Clocktower |
| Developer / Borrower | Radom Capital & Asana Partners (joint venture) |
| Construction loan | Four-year loan arranged by JLL through Veritex Community Bank; amount undisclosed |
| Design teams | Architectural, interior and landscape teams with neighborhood-focused design intent |
| Ground-floor use | Neighborhood-focused food-and-beverage concept open to the public |
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
