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.
Construction financing arranged for Clock Tower Residences, a 214‑unit boutique apartment building next to the Heights Clocktower
A four‑year construction loan has been arranged through Veritex Community Bank to fund the new Clock Tower Residences, a seven‑story, 214‑unit boutique multifamily building planned beside the historic Heights Clocktower in Houston. The borrower is a joint venture between Houston‑based Radom Capital and Charlotte‑based Asana Partners. The project has already broken ground and is slated for delivery in 2027.
Project overview and site
Clock Tower Residences will add 214 traditional residential units and include four live‑work units. The ground floor is planned for a neighborhood‑focused food‑and‑beverage concept intended to serve both residents and the surrounding community. The site sits at the intersection of 23rd Street, North Shepherd Drive and Lawrence Street, directly adjacent to the historic Heights Clocktower property at 611 W. 22nd St. The development is across the street from a new supermarket and located in the heart of the Shepherd corridor, an area known for restaurants, parks and walkable retail.
Amenities and community spaces
The building will feature multiple community areas, including several resident lounges, coworking spaces and media rooms. Amenities will include a resort‑quality fitness and wellness center, entertainment areas with a shared kitchen associated with the nearby address, contemporary gathering spaces, a yoga deck and a pool designed with calm, understated elegance. The design and planned programming aim to blend apartment living with the nuance of a curated, boutique experience.
Design and consultants
The project was created by a team of nationally recognized designers. The building design comes from Cobalt Office, with interiors by Farouki Farouki described as layered and warm. Landscape design is by CultivateLAND, which emphasized elevated planted amenity decks and a lush, walkable ground floor to soften the urban edge and invite connection.
Development background
Clock Tower Residences will serve as the residential component of Radom Capital’s Heights Clock Tower adaptive reuse and mixed‑use development. Radom Capital acquired the adjacent Heights Clocktower property in late 2020. The historic Clocktower structure dates to 1894 and has been updated over time and converted into offices and retail; it previously earned a design award in 2016. Developers say Clock Tower Residences is Radom’s first ground‑up multifamily project and marks the company’s 15th development in the Heights.
Financing and brokerage
JLL’s Capital Markets team arranged the construction financing and represented the borrower in securing the four‑year loan through Veritex Community Bank. The loan amount and pricing were not disclosed. The JLL Debt Advisory team on the transaction was led by Senior Managing Director Colby Mueck and Managing Director Michael Johnson, with Associate Davis Burnett and Analyst James Lovell also listed on the deal team.
Schedule and construction status
Groundbreaking has occurred and the project is under construction. The developer anticipates delivery in 2027. The seven‑story structure and its ground‑floor retail are intended to tie into the existing Clocktower adaptive reuse and to activate the surrounding streetscape.
Local context
The site occupies a central spot along the Shepherd corridor, providing walkable access to eateries, shops and parks. Its proximity to an established landmark and to a new neighborhood supermarket positions the development as a mixed‑use complement to existing retail and office uses nearby.
Frequently asked questions
What is Clock Tower Residences?
Clock Tower Residences is a seven‑story, 214‑unit boutique multifamily building being built adjacent to the Heights Clocktower landmark 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?
A construction loan for four years was arranged through Veritex Community Bank by a capital markets advisory team. The loan amount was not disclosed.
When will the building be completed?
Construction is underway, and the project is expected to be delivered in 2027.
What amenities will the building include?
Amenities will include resident lounges, coworking spaces, a media room, a resort‑quality fitness and wellness center, shared entertainment kitchens, a yoga deck and a pool, plus a ground‑floor food‑and‑beverage concept open to the public.
Who designed the project?
Design teams include Cobalt Office for the building, Farouki Farouki for interiors, and CultivateLAND for landscape design.
Key project features
| Feature | Detail |
|---|---|
| Project name | Clock Tower Residences |
| Units | 214 residential units, including 4 live‑work units |
| Stories | Seven |
| Ground floor | Neighborhood food‑and‑beverage concept open to public |
| Amenities | Fitness and wellness center, lounges, coworking, media rooms, yoga deck, pool |
| Developers | Radom Capital and Asana Partners (joint venture) |
| Design teams | Cobalt Office (building), Farouki Farouki (interiors), CultivateLAND (landscape) |
| Financing | Four‑year construction loan arranged through Veritex Community Bank; amount undisclosed; arranged by JLL debt advisory team |
| Location | Intersection of 23rd St., North Shepherd Dr., and Lawrence St., adjacent to 611 W. 22nd St. Clocktower |
| Delivery | Expected 2027 |
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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