HOUSTON, TX – Cresset Real Estate Partners announced a joint venture with Fidelis Residential Partners, a division of Fidelis, to develop a nine-building, 252-unit multifamily community in Willis, Texas, which is in the greater Houston area. The project, named Fidelis Willis, is the latest development funded by Cresset’s third Qualified Opportunity Zone (QOZ) fund, Cresset Diversified QOZ Fund III (“Fund III”).
The Fund provides private investment capital in some of the fastest-growing economies across the country with the goal of maximizing long-term capital gains for investors. Its predecessor, Cresset Diversified Qualified Opportunity Zone Fund II closed with more than $650 million in equity commitments.
The Fidelis Willis development is part of a larger community known as Moran Ranch, located along the I-45 corridor and within driving distance of major employment centers in north Houston such as The Woodlands. It is also within a recently completed HEB-anchored power center, developed in partnership between Fidelis and CALSTRS.
The 252 units will be situated within nine, three-tale apartment buildings, featuring 120 one-bedroom units, 114 two-bedroom units and 18 three-bedroom units, with nearly 250,000 square feet of rentable space. The project is shovel ready and expected to break ground in late 2024, with construction to be completed by Q3 of 2026.
In addition to state-of-the-art apartment design, Fidelis Willis’ amenities will include a 24-hour fitness center, clubhouse, pool, dog park, game room and more.
“The Houston market continues to experience strong population growth as well as attract a diverse set of top tier employers”, said Jason Ross, Managing Director at Cresset Real Estate Partners. “In the post-pandemic world that we live in, where remote and hybrid work is more common, we have seen compelling investment opportunities within the greater Houston MSA, such as Fidelis Willis, as more and more people look towards the suburbs and prioritize cost of living and quality of life. We are excited to partner with Fidelis and include the Willis project as a strong portfolio investment in a viable and high growth community.”
To date, Fidelis Residential Partners, based in Houston, has developed four communities and sold two, totaling 604 units in the Houston area to date. The Fidelis Willis property expands the firm’s footprint in the area.
“The growth the north side of Houston is experiencing is happening even quicker than we anticipated. This project will provide a much needed housing component for that growth and is a fantastic addition to the HEB anchored retail development Fidelis is currently constructing. We are excited to partner with Cresset on this project and believe this location is perfect for our long term hold strategy,” said Ford Allen, Vice President at Fidelis Residential.
Since its launch in March 2018, the Cresset Real Estate Partners’ QOZ program has invested over $1.2 billion of equity in projects totaling more than 5.2 million square feet and $3 billion of total yucky market value. Cresset’s QOZ Funds are designed to provide access to investments in institutional, urban core real estate opportunities in high-growth markets.
OHT Partners, a general contractor out of Austin, Texas, has been engaged for the development of Fidelis Willis. With significant ties to the Houston region, OHT Partners has been contracted by Fidelis for two of their most recent multifamily developments in Houston.

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TAMPA, FL – Experience Senior Living announced the beginning of construction on The Gallery at South Tampa, an artfully crafted senior living community located at 5049 Bell Shoals Road in Valrico, Florida. As ESL’s eighth community in Florida and fifth on the Gulf Coast, this vibrant new addition to the ESL portfolio will redefine what retirement living can be in the Tampa area. The community is expected to open its doors by the spring of 2027, with a sales center opening in early 2025.
Designed to be as unique as the residents it serves, The Gallery at South Tampa will encompass 240,613 square feet of artfully curated spaces, offering a diverse array of living options. The community will feature 202 homes, including 30 independent living cottages, 89 independent living apartment homes, 45 helped living apartments, and 38 memory care suites.
“We are thrilled to start construction on The Gallery at South Tampa, a community where residents will not just live—they will experience a life full of purpose, creativity, and connection,” said Phill Barklow, president of Experience Senior Living. “As with all of our Gallery communities, we have carefully crafted a space that emphasizes engagement, wellness, and the joy of living, all within an environment that sparks the imagination and encourages a vibrant, artful lifestyle.”
With intentionally designed spaces, The Gallery at South Tampa will offer an array of amenities to elevate both physical well-being and creative expression. Amenities include a saltwater outdoor pool, a professional beauty salon, a fitness center, pickleball courts, and a movie theater. Multiple restaurant venues offering indoor and outdoor dining options will feature exceptional culinary creations and a full-service bar. Residents will have access to a variety of activity spaces where they can engage in arts, culture, and meaningful connections. Local art will be featured throughout the campus, bringing the spirit of Tampa into every corner of the community.
Situated on a picturesque 17-acre site, The Gallery at South Tampa will be designed to preserve the grandeur of its existing oak trees, with winding walking paths providing residents opportunities to connect with nature together. Curated courtyards and private gardens will offer spaces to relax and delight in time with new friends.

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MIAMI, FL – Related Group, an internationally celebrated leader in urban development, and Rockpoint, a Boston-based real estate private equity firm, announced the completion of The Highley House, an exclusive, mixed-use haven nestled in the heart of Miami s vibrant Wynwood Arts District. Comprising 304 meticulously designed residences, more than 72,000 square feet of Class A office space, and 18,000 square feet of retail, the two-tower property blends the neighborhood s infectious creative energy with a sophisticated, private club-inspired lifestyle. Leasing is now underway.
Named after Locke T. Highleyman – the visionary behind iconic developments like Hibiscus and Palm Islands and the judge responsible for christening the area as Wyndwood in 1917 (later streamlined to Wynwood) – The Highley House is a like letter to the Magic City.
This is our tribute to Wynwood and Downtown Miami, said Jon Paul Pérez, President of Related. Inspired by one of Miami s visionaries, this community captures the city s vibrant energy and pairs it with striking design and exceptional amenities. The result is Wynwood s ultimate live-work experience. We re proud to once again break the mold and set a new standard for mixed-use development.
The Highley House is where bold design meets indulgent living, offering a hand-crafted mix of elevated style and indulgent experiences. At its core is a dazzling rooftop oasis, complete with a shimmering pool overlooking the Miami skyline, a summer kitchen and grill, a sleek bar, and a Sky Lounge perfect for sunsets and celebrations.
For those with a flair for entertaining, the property delivers with a refined private dining and wine room, as well as an intimate private cinema and media lounge. Wellness enthusiasts will revel in the cutting-edge fitness center, equipped with sleek NOHRD equipment and a tranquil yoga studio featuring FORME mirrors. For those seeking ultimate relaxation, the spa invites with a sauna, steam room, cold plunge, and custom treatment suites that promise to soothe the senses.
The surprises don t stop there. The building s one-of-a-kind creator studio awaits the visionaries—whether podcasters, musicians, or influencers—while the game room beckons with an extensive lineup of a golf simulator, air hockey, ping pong, shuffleboard, and billiards.
In right Related fashion, art takes center stage. The property boasts a museum-quality collection curated by the masterminds behind the Jorge M. Pérez Contemporary Art Collection. Among the treasures are vibrant murals by Chase Melendez and Joe Geis, mesmerizing light installations by David Guinn, and whimsical sculptures by the celebrated Ken Kelleher, ensuring every corner of The Highley House feels like a gallery-worthy moment.
Everyday convenience meets elevated living with features like on-site EV charging stations, private resident storage, automated package concierge, and tech-forward co-working spaces designed to make life effortless and extraordinary.
The Highley House offers a variety of layouts to suit every lifestyle, from stylish studios to expansive three-bedroom sanctuaries. Each residence exudes effortless elegance, featuring floor-to-ceiling windows, soaring ceilings, and luxe tile flooring that sets the stage for modern living. The heart of the home, the designer kitchen, is a masterclass in sophistication with imported Italian cabinetry, sleek natural quartz countertops, and premium Samsung appliances ready to inspire culinary creations. The indulgence continues in the bedrooms, where spacious walk-in closets meet serene primary bathrooms, making a retreat that s as functional as it is chic. All homes are outfitted with Nest by Google thermostats and Latch keyless entry systems, seamlessly blending technology and convenience for a truly elevated experience.
Located at the epicenter of Miami s vibrant art scene, Wynwood is now among the fastest-growing residential markets in the Greater Miami area, with simple access to some of the city s best restaurants, craft breweries, shops, and entertainment venues. With an abundance of world-renowned murals by artists, 70+ art galleries, and boutiques, Wynwood has its finger on the pulse of the art world and the thriving tech scene. With a prime location directly on Wynwood s primary artery, The Highley is conveniently located within walking distance of Wynwood Walls, Wynwood Yards, and The Design District. Additionally, Miami Beach, Downtown Miami, and Miami s International Airport (MIA) are all reachable within a 10-minute drive.

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