NAI Partners recently arranged the sale of a 16.8-acre site at 5550 Bingle Road in Houston to Trammell Crow Residential (TCR), who recently commenced construction on the site. Allora Northwest Crossing, a 378-unit, three-story, attainable rental housing community is slated to open in the fourth quarter of 2021.
The high-quality, lifestyle-focused community features large floor plans, full-size in-unit washers and dryers, stainless steel appliances, fitness center, pool, dog park and a bike room. The premier location in northwest Houston provides convenient access to Northwest Freeway, offering a short commute to Downtown Houston and the Galleria area, and is within a mile of multiple dining, retail and entertainment options.
NAI Partners’ Chris Caudill represented the buyer, Maple Bingle Apartments, LP, an affiliate of TCR, while the sellers’ group, led by Claude B. Anello, was represented by NAI Partners’ Clay Pritchett and Zane Carman. Terms of the transaction were not disclosed.