Spring 2024

Elegant Affordable Living under construction off Greenspoint Drive.
SUMMIT AT RENAISSANCE PARK
SUMMIT AT RENAISSANCE PARK

2121 Greenspoint Drive
Houston, Texas 77060
www.livingatsarp.com

Lee Zieben is President of ZG Companies, 
a dynamic real estate firm that develops commercial and multi-family projects, focusing on affordable housing.

Lee said selecting the North Houston District for the Summit at Renaissance Park was a strategic decision to leverage the area’s growth potential. According to Zieben, this location offers the perfect backdrop for the company’s vision.

Summit at Renaissance Park is under construction at 12121 Greenspoint Drive near the northeast intersection of Beltway 8 and I-45 North. The affordable housing project initially garnered attention due to its proximity to the Greenspoint Mall site and incentives from the City of Houston. Now, its elegance, amenities, and 17k square feet of premium ground-level retail space are attracting potential tenants.

In 2021, Houston City Council approved a $15 million loan to help finance the $77 million community being developed by ZG Companies (ZG). The city’s investment comes from $1.3 billion of federal housing relief after Hurricane Harvey. The four-story project will reserve all 325 units for low-to-moderate-income tenants for 40 years. The development is expected to deliver new homes by the end of 2024 and will offer an affordable alternative for locals living in flood-prone areas.

“This location offers the perfect backdrop for our vision, providing residents with proximity to essential services, employment opportunities, and transportation, thereby enhancing the quality of life and fostering a vibrant, inclusive community”

Lee Zieben

Beyond Builder Grade

“At the Summit at Renaissance Park, we’re not just building apartments; we’re enhancing the social infrastructure through communal gardens, pet-friendly spaces, and wellness-focused amenities, said Lee Zieben, President of ZG. “These efforts contribute to the North Houston District’s economic and social vitality, making it a more attractive place to live, work, and play.”

Beautiful Accessibility

The Summit is cattycorner to CityNorth, one of Houston’s premier office campuses, boasting best-class amenities, plus oak-lined streets, public art, dining options, and access to multimodal transportation. Bush Airport is less than 10 miles away.

Future Focused

Summit at Renaissance Park will be delivered with 17,000+ square feet of North Houston District’s newest Class A retail space. This space is built to accommodate a range of tenants, specifically those that will provide services and enhance the lifestyle of future residents and the general population of the Greenspoint area, including thousands of professionals who commute to CityNorth every day and travelers visiting local hotels.

High-quality Living

According to Zieben, this project is a testament to the company philosophy that affordable housing can and should be exceptional in quality and design, contributing positively to the community’s fabric. The choice to develop here was driven by the area’s significant potential for revitalization.

Attainable & Affordable

Families can flourish in units with up to four bedrooms that feature amenities like granite countertops, stylish tile backsplashes, wood grain flooring, and 9-foot ceilings, as well as Energy Star appliances. There’s a designated dog park, a pool with sundeck, a fitness center, community gardens, playgrounds, and a yoga studio.

More Info

Various federal, state, and local affordable housing resources are available to Houstonians. For information, visit affordablehousinghouston.com, or read our Spring 2024 edition of Quadrants for local AFFORDABLE HOUSING OPTIONS.
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Check out the Q&A with Lee for this story

Why did you choose this location?
Selecting the North Houston District for the Summit at Renaissance Park was a strategic decision aimed at leveraging the area’s growth potential while addressing a critical need for diverse housing options. This location offers the perfect backdrop for our vision, providing residents with proximity to essential services, employment opportunities, and transportation, thereby enhancing the quality of life and fostering a vibrant, inclusive community.
Would you like to talk about the financing and/or investment elements of the project?
Summit at Renaissance Park’s financing strategy is a partnership between public and private sectors. The total project budget is $87 million dollars, leveraging a $15 million dollar forgivable loan from the city, alongside federal housing relief funds, low-income housing tax credits, and a $34 million dollar investment from PNC Bank.
Why are affordable living projects important?
At ZG, we believe in the transformative power of affordable living projects. They are essential for creating equitable communities, where everyone has access to quality housing. These projects help prevent displacement, support local economies, and contribute to a diverse, thriving community fabric.
Your website says ZG is dedicated to improving the communities in which your properties exist. How do you think you’re improving the community here in the North Houston District?
Our dedication to improving the communities where our properties are located is evidenced by the thoughtful integration of amenities and services that respond to local needs. At the Summit at Renaissance Park, we’re not just building apartments; we’re enhancing the social infrastructure through communal gardens, pet-friendly spaces, and wellness-focused amenities. These efforts contribute to the North Houston District’s economic and social vitality, making it a more attractive place to live, work, and play.
What makes this property unique?
What sets the Summit at Renaissance Park apart is our holistic approach to development. We prioritize sustainability through Energy Star appliances and eco-friendly materials, ensuring that our environmental footprint is as light as possible. The diversity of amenities, from the yoga studio to the children’s playscape, reflects our commitment to catering to all aspects of our residents’ lives. This project is a testament to our belief that affordable housing can and should be exceptional in quality and design, contributing positively to the community’s fabric. The Summit at Renaissance Park is unique in offering 325 affordable units with floorplans ranging from One to Four Bedrooms. This development stands out for its focus on family-friendly amenities and its commitment to providing a safe and stable living environment for its residents.
Why elevate in Greenspoint?
The choice to develop in Greenspoint was driven by the area’s significant potential for revitalization and the acute need for affordable housing. Recognized for its dense population and proximity to employment centers, Greenspoint presented an opportunity to offer residents high-quality affordable living spaces.
What are the expectations for your construction timeline? Leasing now?
The project began in late 2021 with an estimated completion by the end of 2024. This timeline is a result of strategic phasing of construction designed to meet housing needs promptly while also laying the groundwork for the community’s future development.
What are the details on the 17k sqft of commercial space? What kind of tenants are you targeting? Do you want one to take down the whole space or will you divide? Any chance for a market or coffee shop?
Summit at Renaissance Park will be delivered with 17,000+ square feet of Greenspoint’s newest Class A retail space. This space is built to accommodate a range of tenants, specifically those that will provide services and enhance the lifestyle of future residents and general population of the Greenspoint area.