Connect CRE is excited to announce that the Residences at the Allen Tower, a 35-story, $290 million building located at 1711 Allen Parkway in Houston, TX will be opening next month. Developed by DC Partners and constructed by GT Leach Constructors as general contractor, this luxurious tower features 170 hotel units on its first 15 floors and 99 luxury condo units on its remaining 20 floors. With 80% of all available units already sold – only four penthouses remain – residents can enjoy 24-hour valet service from Thompson Hotel along with room service spa access and pool deck cabanas. Additionally, a helistop allows for future drone deliveries and transportation services for both hotel guests and residents alike!

Multifamily Borrowers Face 41% Higher Refi Interest Costs and Negative Leverage by 2026
Multifamily owners with loans approaching maturity are confronting significantly higher refinancing costs, with new analysis quantifying the shift. Newmark reports

