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; 214-Unit Building Moves Forward in Houston Heights
A four-year construction loan arranged through Veritex Community Bank will fund the construction of Clock Tower Residences, a seven-story, 214-unit boutique multifamily project adjacent to the historic Heights Clocktower in Houston. The loan was arranged by a capital markets team at JLL on behalf of a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners. The dollar amount of the loan was not disclosed.
Key development and financing facts
The Clock Tower Residences site sits at the intersection of 23rd Street, North Shepherd Drive and Lawrence Street, directly across from a new neighborhood supermarket and beside the landmark Clocktower building at 611 W. 22nd St. Construction has begun on site, marking the first ground-up multifamily development undertaken by Radom Capital in the Heights. Delivery is expected in 2027.
Project program and community access
The project will deliver 214 traditional residential units, including four live-work units on lower floors. A ground-floor, neighborhood-focused food-and-beverage concept is planned and will be open to both residents and the surrounding community. The design emphasizes walkability and connection to nearby restaurants, parks, and retail along the Shepherd corridor.
Amenities and resident programming
Planned amenity spaces include multiple resident lounges, coworking areas, media rooms, a resort-quality fitness and wellness center, a yoga deck and a pool designed for a calm, understated aesthetic. Entertainment areas with a shared kitchen tied to the neighboring Clocktower address and contemporary gathering spaces will support community programming intended to blend apartment living with a curated, boutique experience.
Design and landscape approach
The building design is led by a collaborative group of nationally recognized teams. Architectural design focuses on neighborhood scale, materiality and proportion to feel grounded in the area. Interior concepts aim for layered, warm and tactile finishes that respond to daily routines. Exterior and landscape work emphasizes elevated planted amenity decks and a lush, walkable ground plane intended to soften the urban edge and invite social connection.
Ownership and project context
The borrower is a joint venture between Radom Capital and Asana Partners; the partners also co-own the adjacent Heights Clocktower, a historic structure dating to 1894 that has been adaptively reused for offices and retail and has received industry recognition. This new residential component is intended to complement the mixed-use redevelopment already present at the Clocktower site.
Financing team and transaction details
The financing was arranged by a debt advisory team at JLL, which represented the borrower in securing the construction loan through Veritex Community Bank. The JLL advisory team was led by senior-level debt advisors and supported by associate and analyst staff. Specific loan pricing, covenants and the total loan amount were not disclosed.
Timeline and next steps
Groundbreaking activity has already taken place, and construction is underway with completion targeted in 2027. The next public milestones will include vertical construction updates, permitting progress, and detailed amenity and retail leasing announcements as space plans are finalized.
About the location
The site is located in the heart of the Shepherd corridor, a neighborhood corridor characterized by walkable access to acclaimed restaurants, small shops and nearby parks. Its adjacency to the existing Clocktower landmark and a new supermarket places the development within a concentrated mixed-use node of the Heights area.
FAQ
What is Clock Tower Residences?
Clock Tower Residences is a planned seven-story, 214-unit boutique multifamily building with live-work units, ground-floor food-and-beverage space and a range of resident amenities.
Who is developing the project?
The project is being developed by a joint venture between Radom Capital and Asana Partners.
How was the project financed?
A four-year construction loan was arranged through Veritex Community Bank. The loan was secured by the borrower with advisory support from a capital markets team at JLL. The loan amount was not disclosed.
When will the project be completed?
Construction has begun and delivery is expected in 2027.
What amenities will be available to residents?
Amenities include resident lounges, coworking spaces, media rooms, a fitness and wellness center, yoga deck, pool, entertainment areas with a shared kitchen, and curated community programming.
How does this project relate to the Clocktower building?
The residences serve as the residential component of the broader adaptive reuse and mixed-use development centered on the historic Heights Clocktower building at 611 W. 22nd St.
Key project features at a glance
| Feature | Detail |
|---|---|
| Project name | Clock Tower Residences |
| Location | Intersection of 23rd St., North Shepherd Dr. and Lawrence St., adjacent to 611 W. 22nd St., Houston Heights |
| Units | 214 residential units; 4 live-work units |
| Stories | Seven |
| Delivery | Expected 2027 |
| Developer / Borrower | Joint venture: Radom Capital & Asana Partners |
| Construction financing | Four-year loan arranged through Veritex Community Bank; amount undisclosed; advisory by JLL |
| Design teams | Architectural, interior and landscape teams collaborating on materiality, interiors and planted amenity decks |
| Ground-floor uses | Neighborhood-focused food-and-beverage concept open to residents and the public |
| Amenities | Lounges, coworking, media rooms, fitness/wellness center, yoga deck, pool, shared kitchen and programming |
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
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