Houston-based Scarlet announced breaking ground on Frame Almeda Genoa, a 216-unit residential multifamily development in Houston’s City Park neighborhood. The $32 million development will provide reasonably priced, high-quality housing near downtown Houston.
Developed in partnership with veteran Houston real estate investor Avishai Ron’s Urban Meridian group, the Almeda Genoa project is located minutes from Pearland, Hobby Airport, and the University of Houston. With convenient freeway access, the project also offers transportation to the Texas Medical Center and downtown Houston.
Designed by E Studio Group, Frame Almeda Genoa features six multistory residential buildings surrounded by more than eight acres of native plants, recreational areas, swimming facilities, and ponds. With experience building over 1,000 comparable units over the past five years, the project partners will also serve as general contractors on the job, with a hands-on approach to ensure construction quality, building efficiency, and adherence to the project’s timeline.
Founded in 2018 by Houston real estate developers Daniel Ron and Alexander Ron, Scarlet is committed to building high-quality development projects guided by the philosophy of intentional design — a hands-on approach where every detail is carefully considered, and every decision made with a clear vision in mind.
The City Park community, located just south of Houston’s Central Business District, is a vibrant neighborhood featuring retail locations, entertainment venues, golf courses, and medical care, plus easy access to parks, concert venues, sporting facilities, and Galveston’s beaches. With Houston ranked as the country’s 13th fastest-growing large metropolitan area in the latest U.S. Census, City Park is primed to emerge as a major center for economic and cultural growth, with more than 1,800 new homes currently planned in the immediate area.