Venterra Realty is chugging along with a multifamily project in the west Houston suburbs, where a number of residential developments are in the pipeline.
The Houston-based firm has started construction on Camber Ridge at Cross Creek Ranch, a 312-unit apartment complex in Fulshear, the company announced in a news release.
The project, located on the Texas Heritage Parkway at FM 1093, will be part of Johnson Development’s Cross Creek Ranch master-planned community. Steinberg Dickey Collaborative is the architect behind Camber Ridge.
“Fulshear is an exceptional investment opportunity due to its strategic location, flourishing economy, and strong prospective renter base”, said Venterra CEO John Foresi.
Amenities at Camber Ridge will include a clubroom, resort-style pool, outdoor lounge, fitness center and coworking spaces. The first batch of units are expected to become available in the second quarter of 2025.
Venterra obtained a construction loan from Fifth Third Bank despite the tight lending environment that’s hindered a plethora of developments across much of the nation since last year.
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Venterra’s Houston-area portfolio comprises more than 20 communities. The firm is active across the Texas Triangle, with assets in San Antonio, Austin and Dallas-Fort Worth.
Meanwhile, developers continue flocking to the west Houston suburbs. Bohannon Development filed plans last summer to construct a 14-building, $77 million multifamily project in Katy, which is about 20 minutes north of Fulshear.
Also in Katy, Johnson Development and Plow Realty are spearheading a 1,000-acre project with up to 2,800 homes, as part of a larger master-planned community.
Furthermore, South Carolina-based Greystar aims to deliver a 156-home rental community to the area.