$12.6M, 76-Unit Victory Lofts Apartments Registered in Houston

A Missouri-based owner registered Victory Lofts, a $12.6 million, 76-unit apartment project in Houston, with the Texas Department of Licensing and Regulation, according to the agency’s TABS filing dated Oct. 28.

Why it matters

The filing names a project entity based in Springfield, Missouri, as owner of the planned development at 1817 S. Victory Drive in Harris County. That puts out-of-state capital behind new Houston apartment supply. A TABS registration records a planned project’s owner and estimated cost. It documents what is proposed, not an issued permit. Houston has no zoning, so the project clears through platting, deed restrictions and the building permit.

The numbers

The registration covers new construction of three two- and three-story residential buildings with 76 units and 78,845 sq ft, plus a 2,679 sq ft single-story community building, for 81,524 sq ft in total. The filing puts the estimated cost at $12,597,721. That works out to about $165,800 per unit and about $155 per sq ft of building area, a construction budget figure rather than an appraised or sale value. The project is listed as privately funded on private land. Wallace Architects, LLC is named as the design firm of record.

What’s next

The filing estimates a construction start of May 1, 2027, and completion by June 1, 2028, a 13-month build. The TABS registration does not grant construction authority. The next public record would be a City of Houston building permit for the address, which would show whether the scope and schedule in the state filing hold.

More Houston development coverage tracks new multifamily filings as they post to the state and county registers.