Tuesday , 27 September 2016
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Allied Orion Starts Apartment Project on Block 384 in Downtown Houston

Allied Orion Group breaks ground on Block 384--a  Class A, Mid-Rise Apartment Community in Downtown Houston. Pictured L to R:  Ed Gonzalez, Houston Mayor Pro-Tem,Emilio Guzman - Houston EB5, Roberto Contreras - Houston EB5, Dick Sadka - BancorpSouth, Steve Smith - BancorpSouth,Ricardo Rivas - Allied Orion Group,Tim Myers - Allied Orion Group, Rene Bremauntz - ATMA,  Kirk Tate - Allied Orion Group (PRNewsFoto/Allied Orion Group)

Allied Orion Group breaks ground on Block 384–a Class A, Mid-Rise Apartment Community in Downtown Houston. Pictured L to R: Ed Gonzalez, Houston Mayor Pro-Tem,Emilio Guzman – Houston EB5, Roberto Contreras – Houston EB5, Dick Sadka – BancorpSouth, Steve Smith – BancorpSouth,Ricardo Rivas – Allied Orion Group,Tim Myers – Allied Orion Group, Rene Bremauntz – ATMA, Kirk Tate – Allied Orion Group (PRNewsFoto/Allied Orion Group)

HOUSTON — Allied Orion Group has broken ground on Block 384—a 242-unit apartment community in downtown Houston, near St. Joseph’s Medical Center, just north of the Pierce Elevated

Allied Orion Group, a Houston multifamily firm, partnered with Houston EB5 and ATMA to provide the equity for Block 384 development, and BancorpSouth Bank provided project financing.

The property, 1825 San Jacinto Street, is expected to open 3rd quarter of 2017. Block 384 is bounded by Jefferson, Caroline, Sr. Joseph’s Parkway and San Jacinto.

“We are pleased to be developing our first Class A community in the downtown Houston area,” said Ricardo Rivas, Chief Investment Officer of Allied Orion Group. “Block 384 will offer professionals a high-quality rental option with all the conveniences and benefits of downtown city living. ”

Designed by Meeks + Partners, Block 384 floor plans range from one to two bedrooms and feature polished concrete floors, granite countertops with under mount sinks, upgraded stainless steel appliances, nine-foot ceilings, balconies, city views and other designer elements.

Block 384 is being designed to meet the National Green Building Standards Bronze Certification criteria.

Allied Orion Group is a full-service multifamily management, investment and construction firm.  Allied Orion Group has acquired or developed more than 13,000 multi-family units with a total aggregate value of approximately $1.1 billion, and has a growing portfolio of 25,000 apartment homes under management throughout the nation.

Realty News Report – Sept. 30, 2015

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