Richcrest Wins CoStar’s Development of the Year Award in Houston

Overhead drone photo of Richcrest Apartments.

AMTEX’s Richcrest Apartments received the CoStar Impact Award 2023 for Development of the Year in Houston. Richcrest Apartments is a new 288-unit affordable rental housing community with a mix of apartments for low-income individuals and families earning between 30% and 60% of the Area Median Income.

AMTEX partnered with the City of Houston and the Harris County Community Services Department to bring this affordable housing community to life. The development was made possible via private investments and the help of federal disaster recovery funding made available through the U.S. Department of Housing and Urban Development (HUD) for recovery from Hurricane Harvey. Hurricane Harvey and other recent storms destroyed 3,000 housing units in the Houston area.

We also partnered with YMCA and provided them with space and resources on-site to so they can offer after-school enrichment programming, classes and supportive services to residents.

Richcrest Apartments is serving families and their needs by providing high-quality, affordable housing with modern amenities and on-site services. All apartments offer contemporary living for residents. Amenities include balconies with patios overlooking the shared outdoor space and modernized kitchens and bathrooms to provide the most comfortable living environment for families.

Read more about Richcrest Apartments’ win of the CoStar award here.

The Lee Apartments Broke Ground in Fort Worth

Opal Lee turning dirt with a shovel at The Lee groundbreaking ceremony.

The Lee Apartments celebrated its official groundbreaking on March 9, 2023. The project is named in honor of Opal Lee, activist and mother of Juneteenth.

Located in an open lot near Fort Worth’s Alliance Airport, next to a sister property, The Holston, The Lee is planned as a 399-unit apartment complex and is the sixth affordable housing property developed by AMTEX and Fort Worth Housing Solutions (FWHS) in the city of Fort Worth. 

Ms. Lee stole the show with her powerful message of personal triumph.

AMTEX President Arjun Nagarkatti also delivered remarks at the ceremony. We’re honored to work alongside Fort Worth Housing Solutions and Interbank to bring this project to life.

Read more about the project’s groundbreaking ceremony at this link.