Allied Orion Group has broken ground on Block 384—a 242-unit exclusive apartment home community located in the heart of downtown Houston. The property is targeted to open 3rd quarter of 2017.
Allied Orion Group partnered with Houston EB5 and ATMA to provide the equity for Block 384 development, and BancorpSouth Bank provided project financing. Located at 1825 San Jacinto Street just off I-45 and U.S. 59, Block 384 is convenient to downtown businesses and a wide array of dining and entertainment options. St. Joseph’s Medical Center, Discovery Green Park, Minute Maid Park, the Houston Museum District, Texas Medical Center and University of Houston are nearby, and both Houston airports are easily accessible.
Designed by Meeks + Partners, Block 384 floor plans range from one to two bedrooms and feature polished concrete floors, granite countertops with under mount sinks, upgraded stainless steel appliances, nine-foot ceilings, balconies, city views and other designer elements. Amenities include a rooftop pool deck overlooking downtown, state-of-the-art fitness center, park-like courtyard, secure dog park, covered parking and a bicycle workshop and storage area. Block 384 is being designed to meet the National Green Building Standards Bronze Certification criteria.
“We are pleased to be developing our first Class A community in the downtown Houston area,” said Ricardo Rivas, Chief Investment Officer of Allied Orion Group. “Block 384 will offer professionals a high-quality rental option with all the conveniences and benefits of downtown city living. ”
This article originally appeared on the Allied Orion Group website on September 30, 2015.