Gardner Capital Completes Construction on Houston Mixed-Income Community
- Jul 20, 2020
Gardner Capital has completed construction on Provision at West Bellfort, a 144-unit partially affordable community in Sugar Land, Texas, developed as part of the Hurricane Harvey recovery effort. The developer broke ground on the $25 million, metro Houston project in 2018, after obtaining a $16.6 million construction loan from Zions Bank, according to Yardi Matrix information. Other financial partners included Amegy Bank, Raymond James and Fannie Mae.
Provision at West Bellfort occupies more than 11 acres at 13701 W. Bellfort Blvd., in the Alief neighborhood. The community’s one- and three-story buildings house one- to four-bedroom floorplans averaging 998 square feet, Yardi Matrix data shows. Of the total, 94 units are affordable. Amenities include a swimming pool, clubhouse, fitness center, cyber lounge and playground.
The property is roughly 23 miles southwest of downtown Houston and 8 miles north of the city center. Located just north of Eldridge Park, the community has three shopping centers within a 3-mile radius.