HOUSTON - City Park, a 308-unit, Class A multifamily community, has been purchased by Alliance Residential Co. The community is located at 1640 East TC Jester Blvd. between downtown and the Galleria. The property was fully leased at the time of closing.
Formerly known as The Retreat at City Park, the 10.75-acre community is one of the last Inner Loop garden-style communities built in Houston before land values required higher-density/midrise developments.
Completed in 2003, the complex offers a mix of one-, two- and three-bedroom apartment homes with an average unit size of 836 sf. The community also has direct access to the White Oak Bayou hike and bike trail.
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