Allied Realty Breaks Ground on the Retreat at Riverstone in Sugar Land, Texas

Allied Develops the First Multifamily Property in the Riverstone Master Planned Community

PR Newswire

HOUSTON, May 28, 2014 /PRNewswire-iReach/ -- Allied Realty has broken ground on The Retreat at Riverstone--a new, 249-unit exclusive apartment home community located in the heart of Sugar Land, Texas with a targeted opening of Fall 2014.  The Retreat at Riverstone is the first multifamily property under development in the Riverstone master planned community.

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Developed by Allied Realty and designed by Wallace Garcia,  The Retreat at Riverstone is located at 18545 University Blvd in Sugar Land,  close to local employment, housing and retail with easy freeway access. Floor plans range from 1 to 3 bedrooms, including townhome units exceeding  1,600 square feet with two-car, attached garages.  Amenities include a state-of-the-art fitness center, Cyber Café with Wi-Fi, resort-style pool with beach entry, grill and recreation areas and two dog parks.

"This is Riverstone's first apartment community, and we are excited to be part of Sugar Land's growth in the thriving Riverstone development," said Tim Myers, Managing Partner of Allied Realty.  "We are also pleased to offer new townhome product in the area that will provide Sugar Land residents with a high-quality rental option that has traditionally only been offered for sale.  Our top priority is to maintain  the extremely high standards of construction already establish in the Riverstone development." 

The property will be managed by Orion Real Estate Services, a division of Allied-Orion Group.  Financing for the development was arranged by  Capital One.

Allied Realty is a leading fully-integrated, multifamily real estate investment and development firm headquartered in Houston with additional offices in Denver and Atlanta. Allied Realty and its investment partners have acquired or developed more than 13,000 multi-family units with an aggregate value in excess of $1.4 billion.  For more information, visit www.alliedrealty.com.

Media Contact: Kirk Tate, Allied Realty, 713-622-4949, ktate@allied-orion.com

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