June 24, 2020
Alliance Residential Company acquired 13.08 acres of land near the Texas Medical Center to develop a 336-unit multifamily community as part of Saint Nicholas Place. The property is part of a 46.82-acre tract owned by the seller, Taeken, Ltd.
Saint Nicholas School Headmistress Margot Heard said the land sale is part of a vision to create a village concept around a new school campus. “Alliance is known for developing great multifamily communities, and we are happy to have them as new neighbors,” Heard said.
Alliance plans to develop a three-story garden apartment community. The company owns and manages numerous multifamily properties in Houston.
“The Med Center is a vital part of the Houston economy, and we look forward to providing a great new multi-family community within close proximity to nearby workplaces, schools, retail and restaurants,” said Alliance Residential’s David Adame.
JLL’s Chris Bergmann Jr. represented Taeken. Alliance was not represented.
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