Victory Lofts in Houston, TX

Victory Lofts is a new construction project located at 1817 S. Victory Drive in Houston, Texas. This development involves the building of three multi-family residential structures, ranging from two to three stories, along with a single-story community building. The project is registered with the Texas Department of Licensing and Regulation (TDLR) under the Texas Accessibility Standards (TABS) program, ensuring compliance with state accessibility codes. The registered accessibility specialist overseeing this work is Stephen D Macphie.

The scope of work includes the construction of 76 residential units distributed across the three main buildings. The total building area for the residential structures is 78,845 square feet. Additionally, the site will feature a 2,679 square foot community building. The combined square footage for the entire project is 81,524 square feet. The estimated cost for this development is $12,597,721, which translates to an estimated cost per square foot of $155.

The owner and developer of record for Victory Lofts is Victory Lofts, LP. The design firm responsible for the architectural plans is Wallace Architects, LLC. This project is privately funded and will be built on private land for private use. The construction start date per the filing is May 2027, with the completion date targeted for June 2028. The project was registered with TDLR in October 2026.

When compared to other new construction filings in Harris County, this project stands out in several metrics. The median estimated cost for similar projects is $750,000, with the middle half of projects falling between $288,000 and $2,000,000. Victory Lofts has a scheduled build window of 397 days, which is longer than the county median of 224 days. Its cost per square foot of $155 is above the county median of $88.

Wallace Architects, LLC has a history of working on similar multi-family developments across Texas. Their portfolio includes projects in Mineral Wells, San Angelo, Robstown, Mansfield, and Big Spring. These previous projects range in value from $800,000 to $12,500,000 and involve various unit configurations, including one-bedroom and accessible units. The Victory Lofts project continues this firm's involvement in residential construction within the state.

The ZIP code 77088, where the project is located, has a population of about 54,115 according to U.S. Census ACS 2023 five-year estimates. The median household income in this area is $52,549, with 18,500 housing units recorded. The median owner-occupied home value is $173,900, and housing in the area is mostly owner-occupied. Harris County unemployment rate was 5 percent in August 2026, lower than a year earlier.