Construction financing secured for new Heights development Clock Tower Residences

HOUSTON, Aug. 20, 2025 – JLL Capital Markets announced today that it has arranged the financing for Clock Tower Residences, a boutique multifamily addition to its Heights Clocktower mixed-use project in Houston, Texas.

JLL represented the borrower, a joint venture between Radom Capital and Asana Partners, in arranging the four-year construction loan through Veritex Community Bank.

Clock Tower Residences, a boutique multifamily addition to its Heights Clocktower mixed-use project. Located in the heart of the Houston Heights, Clock Tower Residences consists of 214 newly built residential units, four live-work units and a new neighborhood-focused food and beverage concept, all adjacent to its award-winning Heights Clocktower historic landmark project. Clock Tower Residences is being developed in partnership with retail real estate investment firm Asana Partners, which owns the adjacent historic Heights Clocktower building with Radom. The project marks Radom Capital’s 15th development in the Heights.

Set at the intersections of 23rd St., North Shepherd and Lawrence St., within Houston’s fast-growing urban core, Clock Tower Residences will rise seven stories and blend apartment living with the nuance of a curated, boutique experience. The project is directly across the street from the new Heights HEB supermarket and in the heart of the dynamic Shepherd corridor with acclaimed restaurants, parks, and shops all in short walking distance.

Clock Tower Residences was designed by a collaboration of nationally recognized design teams. Cobalt Office designed the building to ensure that its scale, materiality and proportion feel grounded in the neighborhood. Farouki Farouki created the interiors with a layered sensibility consisting of warm, tactile and attuned to daily rituals. Landscape architect CultivateLAND extended a sustainable ethos to the exterior, blending elevated planted amenity decks with a lush, walkable ground floor that invites connection and softens the urban edge.

The project features multiple community areas, including several resident lounges, coworking spaces and media rooms, a resort-quality fitness and wellness center, entertainment areas with a shared 611 West 22nd St. kitchen and contemporary gathering spaces, a yoga deck and a pool designed with a calm, understated elegance. The ground floor’s food and beverage concept will be open to both residents and the surrounding community. 

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Colby Mueck and Managing Director Michael Johnson, as well as Associate Davis Burnett and Analyst James Lovell.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Radom Capital is an award-winning Houston-based real estate development firm specializing in creating enduring and innovative spaces. With a focus on adaptive reuse, retail, and mixed-use developments, Radom Capital is committed to enhancing the urban fabric of communities through thoughtful design. For more information, visit www.radomcapital.com or follow @radomcapital. 

Asana Partners is a retail-focused real estate investment firm creating value in vibrant neighborhoods by leveraging vertically integrated capabilities and retail expertise. With more than $7 billion of neighborhood assets under management, the firm is active in growth markets throughout the United States and is driven to make a positive impact within communities. Asana Partners champions a strong collaborative culture with offices in Charlotte, Atlanta, Boston, Columbia, Denver, Los Angeles, and New York. For more information, visit www.asanapartners.com or follow @asanapartners.

As a Texas community bank, this financial institution takes time to understand customers and their financial needs, making banking decisions locally when clients need them. The bank offers comprehensive services including business, car and home loans as well as classic banking products like savings and checking accounts, positioning itself as a true community partner for all financial requirements.