Herman & Kittle Opens 264-Unit Houston Community
- Oct 27, 2020
Multifamily developer and manager Herman & Kittle Properties Inc. has launched a new, $38.5 million affordable apartment property in northeast Houston, adding to a portfolio that includes more than 125 locations across the South and Midwest.
Located at 12212 Tidwell Road, near the intersection of Texas State Route 8 and the Crosby Freeway, the Vireo features 264 units ranging from one- to three-bedroom floorplans. Construction will wrap up in November and the leasing office is currently open, with on-site staff taking applications, according to the developer.
Herman & Kittle closed on the site in December 2018, after having the land under contract for more than two years, and started construction in early 2019. The developer said upon closing that the project will be funded mainly from tax-exempt mortgage revenue bonds and low-income tax credits through the Texas Department of Housing and Community Affairs. Regions Bank serves as the investor limited partner, construction lender and permanent loan servicer.
The apartments are built atop two adjacent parcels and come with amenities including a playground, outdoor entertainment area, swimming pool, dog park and fitness room. The homes comprise 60 one-bedroom floorplans, 132 two-bedroom units and 72 three-bedroom units, with sizes ranging from 700 to 1,187 square feet.
Each apartment is outfitted with faux wood flooring, a dishwasher, patios or balconies, washer and dryer hookups and other features. Garages and storage units are also available to rent. Residents are within modest driving distance of the shopping and dining options off Wallisville Road to the south.
Last month, Herman & Kittle opened Riverside Trail Apartments, a 248-unit, $50.6 million community in Columbus, Ohio, geared to residents earning no more than 60 percent of the area median income. That milestone followed the developer’s receiving a $59.3 million financing package to construct The Reserve at White River, a 210-unit affordable community in Indianapolis.