Rendering of Clock Tower Residences, a seven-story boutique apartment building adjacent to the Heights Clocktower with ground-floor retail and landscaped amenities.
Houston, Texas, August 30, 2025
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.
A four-year construction loan arranged through Veritex Community Bank will finance the new Clock Tower Residences, a seven-story, 214-unit boutique multifamily building planned next to the historic Heights Clocktower in Houston. The borrower is a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners. Groundbreaking for the project has already taken place, and delivery is expected in 2027.
The loan was arranged by JLL Capital Markets on behalf of the borrower. The financers and advisory team on the transaction include JLL’s Debt Advisory group led by Senior Managing Director Colby Mueck and Managing Director Michael Johnson, with support from Associate Davis Burnett and Analyst James Lovell. The total loan amount and pricing were not disclosed.
Clock Tower Residences will add 214 traditional residential units, including four live-work units, as the residential component of an adaptive reuse and mixed-use plan that centers on the adjacent historic Heights Clocktower building at 611 W. 22nd St. The development site sits at the intersection of 23rd Street, North Shepherd Drive and Lawrence Street, directly across from the new Heights H‑E‑B supermarket and within walking distance of restaurants, parks and neighborhood shops along the Shepherd corridor.
The seven-story building will offer a range of community spaces and amenities intended to blend apartment living with a curated, boutique experience. Planned features include several resident lounges, coworking spaces, media rooms, a resort-quality fitness and wellness center, a yoga deck and a pool designed with a calm, understated aesthetic. Entertainment areas with a shared kitchen will be incorporated into the amenity program tied to the broader site.
The ground floor will include a neighborhood-focused food-and-beverage concept open to both residents and the surrounding community, and exterior design aims to extend a sustainable, walkable landscape from the street to elevated planted amenity decks.
The project’s design is the result of a collaboration among nationally recognized firms. Cobalt Office handled the building design with attention to scale, materiality and proportion for neighborhood fit. Interior design was led by Farouki Farouki with a layered, warm and tactile approach. Landscape design was provided by CultivateLAND, which focused on planted amenity decks and a lush, walkable ground plane to soften the urban edge and encourage community connection.
The development represents Radom Capital’s first ground-up multifamily project and its 15th development in the Heights. Radom and Asana Partners already co-own and operate the adjacent historic clocktower building, a property dating back to 1894 that has been renovated over time for offices and retail. The new residential building is intended to complement the mixed-use activity around the landmark and strengthen the neighborhood’s retail and community offerings.
Construction has started and the project is slated for completion in 2027. The financing is structured as a four-year construction loan, enabling the development team to build out the seven-story structure, fit out the ground-floor food-and-beverage space, and complete landscaping and community amenities.
The project brings ground-up multifamily supply to a dense, walkable stretch of the Heights and ties directly into an existing adaptive reuse campus anchored by the historic clocktower. It pairs rental housing with community-facing retail and amenity spaces, reflecting growing demand for mixed-use neighborhood living in established urban corridors.
Clock Tower Residences is a seven-story, 214-unit boutique multifamily building adjacent to the historic Heights Clocktower in Houston. It includes live-work units, community amenities and a ground-floor food-and-beverage concept.
A joint venture between Radom Capital and Asana Partners is the developer and borrower on the project.
JLL Capital Markets arranged a four-year construction loan through Veritex Community Bank; the loan amount and specific pricing were not disclosed.
The development is expected to be delivered in 2027.
Amenities will include resident lounges, coworking spaces, media rooms, a fitness and wellness center, a yoga deck, a pool, entertainment areas with a shared kitchen, and a community-focused ground-floor food-and-beverage space.
The site is at 23rd Street, North Shepherd Drive and Lawrence Street, adjacent to the historic Heights Clocktower at 611 W. 22nd St., and directly across from the new area supermarket.
| Feature | Detail |
|---|---|
| Project name | Clock Tower Residences |
| Units | 214 residential units (including 4 live-work units) |
| Stories | Seven |
| Delivery | Expected 2027 |
| Developer / Borrower | Radom Capital & Asana Partners (joint venture) |
| Financing | Four-year construction loan arranged through Veritex Community Bank by JLL Capital Markets |
| Design team | Cobalt Office (building), Farouki Farouki (interiors), CultivateLAND (landscape) |
| Site | Intersection of 23rd St, North Shepherd Dr and Lawrence St; adjacent to historic clocktower at 611 W. 22nd St. |
| Ground floor | Neighborhood-focused food-and-beverage concept open to residents and community |
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