Radom Capital Secures $105M in Construction Financing for MXU Montrose Collective

Radom Capital secured construction financing and joint venture equity totaling $104.8 million for the Montrose Collective, a four-building, mixed-use development in Houston’s Montrose District. The 2.4-acre asset at Westheimer Road and Montrose Boulevard will hold 150,000 square feet of creative office and retail space.

Colby Mueck, Ryan West, Matthew Putterman, Jeff Lucia and Matthew Williamson with JLL placed a construction loan with Bank OZK, and arranged a joint venture equity with institutional investors advised by J.P. Morgan Asset Management.

The existing acreage already houses retailers Uchi, Southside Expresso and Hue and Rosemont, which will remain operational during construction. The new building will offer ground-level retail and restaurant space, second-floor medical office and service retail space and creative office on the other floors. Also on tap will be a three-story building, with the upper floors occupied by a new, 10,000-square-foot branch of the Montrose Library.

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