Vista Residential Partners broke ground on a 375-unit apartment community in Fort Bend County, Texas. The project spans 18.2 acres along the Southwest Freeway’s I-69 corridor. This development represents the firm’s debut in the Texas market as it fulfills housing demand in the fast-growing Houston market.
Highlights
- The 375-unit development is constructed in partnership with the Rosenberg Housing Authority.
- Located 28 miles from downtown Houston, the project will feature Class-A finishes and amenities.
- Fort Bend County will be home to more than 150,000 new residents by 2030, fueling housing demand.
Williams Ranch Vista: Project Scope
Williams Ranch Vista occupies 18.2 acres along the Southwest Freeway in Fort Bend County. The 375-unit multifamily complex will be located next to the Williams Ranch development. Vista Residential Partners is using the PFC financing structure for the development, partnering with the Rosenberg Housing Authority to provide what they call “high-quality, attainable housing.”
The development team is composed of financial partners Parse Capital, A16Z, and BOK Financial, which marks Vista Residential’s inaugural Texas development project since its establishment in 2000.
Strategic Location in Fort Bend County
The site is located approximately 21 miles southwest of the Houston Galleria and 28 miles from downtown Houston. The neighborhood has also seen a great deal of addition over the past 10 years.
The project is within walking distance to Brazos Town Center, Texas’s third most visited power center with more than 140 tenants and 2 million square feet of retail facilities, restaurants, hotels, and entertainment venues…