Portman Holdings announced on Apr. 6 plans for a new five-story apartment complex in Houston’s Washington Corridor. The Atlanta-based developer has filed documents with the Texas Department of Licensing and Regulation for a 172-unit multifamily project at 3616 Center Street, with an estimated cost of $54 million. The project is expected to be completed by October 2028.
The proposed development will feature two buildings linked by elevated pedestrian bridges, covering approximately 96,300 square feet. Portman Holdings owns about three acres at the site, split between two parcels on either side of Harvard Street; both are currently vacant according to county records.
Originally, Portman had considered including retail space in the project after purchasing the land from Alsco in February 2022. However, current filings mention only residential units.
Houston’s multifamily market has seen increased activity recently. Occupancy rates exceeded 90 percent at the end of last year after remaining flat during most of 2024, according to Colliers. The city ended last year with nearly 790,000 multifamily units—an increase of over eleven thousand from earlier in the year.
Elsewhere in Texas, Portman is working on major projects such as Dallas Gateway—a three-tower mixed-use complex scheduled for completion by 2029—and a mixed-use development near Austin’s Q2 Stadium.
The Washington Corridor sits just north of Memorial Drive and Buffalo Bayou and is considered part of Houston’s River Oaks super neighborhood.
