Flexible living operator Sentral has opened Forme in Houston’s Museum District, a 33-story residential and extended stay hotel. The project has 475 residential units and 55 hotel suites, which can be booked for extended stays of 30 days or more.
Located at 5501 La Branch Street in the Museum District, the project is housed in the former coliving development known as X Houston. After construction stalled for more than year, Raven Capital and Mavik Capital rescued the project in 2024.
Amenities include a coworking floor operated by Regus, a fitness space, a cocktail bar and lounge, a pool deck, and other social spaces. Forme says the building is well-suited for project-based professionals, relocations, medical stays, temporary assignments and residents who may need flexibility.
Rent starts at $1,750 a month, and the company is currently offering two months’ free rent on certain units.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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