27Seventy Lower Heights is a 375-unit luxury apartment community located in the Heights area of Houston, Texas. The property provides easy access to downtown and midtown, the Washington Corridor, I-10, I-45, and Memorial Drive. 27Seventy is a walkable community with Kroger Foods, Target, Total Wine, and a wide variety of boutique shops, restaurants, and big-box stores, all within a short walk from the property. Sawyer Heights Village, Lower Heights Mixed-Use, The Garage, Silos at Sawyer Yards, White Oak Bayou Trail, Market Hike & Bike are just a few venues nearby. Demographics in Lower Heights are impressive with 35% population growth since 2010, $155K average HH Income, and 85% of area residents hold a white-collar job.
27Seventy Lower Heights, completed in 2020, consists of 375 residential homes wrapped around a five-level parking facility. The property offers one-bedroom floor plans from 665-849 square feet; two-bedroom plans range from 1104-1552 square feet. Residents enjoy a luxury state-of-the-art community amenity package, including a two-story clubroom, coffee bar, fireplace, kitchen, TVs, two-story athletic club with yoga studio, spin center, large outdoor swimming pool, outdoor grills, gaming tables, outdoor cabanas with TVs, pet salon, and private bike storage center. The interior amenities are luxurious, including ten-foot ceilings, granite or quartz countertops and backsplashes, gas ranges, custom cabinetry, farmhouse kitchen sinks, built-in tub and shower, walk-in closets, keyless entry, full-size washer/dryer, tankless water heaters, solar shades, and some units with a private yard or patio. Units come in two distinctive finishes of white/grey or brown/light brown. Two unique amenities include the indoor nightclub and the outdoor stage for music and private events.
Hawthorne Management assumed management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased the property and will hold long-term to capture growth and appreciation.