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2770 Summer Street
Site Overview
Site Name27Seventy Lower Heights
Current InfrastructureMultifamily
SiteBid ID ##459098
Published DateApril 13, 2025
Modified DateJune 15, 2026
Potential UsesCell Towers
Location
Property
Lot Size9,801 sq ft
Building Area15,120 sq ft
Year Built2019
Ownership TypePrivate Company
Infrastructure
Elev. Above Sea Level16.38
Equipment AvailableElectric (Grid)
About this site
27Seventy Lower Heights is a 375-unit, 2020 Class-A, institutional grade, four-story Mid-Rise in Houston, Texas, developed by Trammel Crow Residential. 27Seventy features one-of-a-kind community amenities and rare interior finishes that separate it from its competitors. Residents' amenities include a two-story Clubroom, a Speakeasy, a Rideshare Lounge, and a Coffee Bar with a 24/7 Convenience Store Vending Pantry. In addition, 27Seventy boasts a state-of-the-art two-story athletic club with Cardio and Strength Equipment, a Spin Center with Yoga Studio, and Outdoor Stretching Patio. All exterior amenities are Wi-Fi enabled, including Courtyard and Outdoor kitchens, grill stations, private rentable cabanas, a resort-style pool with tanning shelves, social seating, and a fire pit. 27Seventy also includes an Entertainment Courtyard with a Stage, a Pet Salon and an Outdoor Dog Park, Bike Storage with Repair Station, and a controlled-access parking garage with electric car charging stations. Modern interiors include two interior finish options, ten-foot ceilings, custom kitchen cabinetry, gas stoves, farmhouse sinks, wine chillers, custom lighting, and innovative home features, including keyless entry and Nest Thermostats. Located in the Greater Heights District, along Interstate 10, 27Seventy provides immediate access to all major routes in the Houston MSA and direct access to main employment centers such as Downtown, the Energy Corridor, and the Houston Medical Center. Over the last ten years, the Heights submarket has seen a substantial rise in home prices.
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Infrastructure investors are actively purchasing fee simple real estate, leases, and easements on properties with active utility leases from tier‑1 tenants (AT&T, Verizon, T‑Mobile, etc.). Depending on the lease terms, valuations can range from 16x–20x annual rent for lump‑sum payments and 18x–25x for structured payouts.
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