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JV Plans 304-Unit Mid-Rise in Medical Center

HOUSTON-Crow Holdings and Simmons Vedder will partner for the first time to develop a mid-rise complex in the high-demand district.

By Amy Wolff Sorter | Updated on February 14, 2007

(To read more on the multifamily market, click here.)

HOUSTON-Two Texas companies have joined forces for the first time to develop the luxury mid-rise Almeda at Old Spanish Trail. Groundbreaking on the first phase, 304 units in the Medical Center, is scheduled to take place in the coming months.

The project will be situated on a little more than eight acres at the intersection of Almeda Road and Old Spanish Trail. It is being funded through Crow Holdings’ Realty Partners IV LP’s $850-million fund. Houston-based Simmons Vedder & Co. is the developer. Almeda at Old Spanish Trail is the first ground-up multifamily project for the Dallas-based fund.

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