Bank OZK providing senior construction financing for 2811 Kirby, a 38-story mixed-use development in Houston’s Prestigious Upper Kirby district
Yesterday, Southern Land Company, a national real estate developer of award-winning single-family, master-planned, and mixed-use communities, announced the closing of a $165.9 million senior construction loan from Bank OZK for 2811 Kirby, the company’s first development in Houston. The loan closed August 11, 2026, and construction is underway on the nearly two-acre site at 2811 Kirby Drive in the prestigious Upper Kirby district.
The approximately 953,000-square-foot mixed-use development will introduce a design-forward destination featuring luxury residences, Class AA office space, 15,000 square feet of restaurant and retail offerings, and structured parking.
“We are pleased to reach this important milestone as construction gets underway on our first development in Houston,” said Tim Downey, founder and CEO of Southern Land Company. “Securing this financing from Bank OZK reflects the strength of the project and our confidence in the opportunity to create something truly special in Upper Kirby. 2811 Kirby is designed to be a landmark destination where people can live, work, dine and gather, while complementing the character and energy of one of Houston’s most distinguished neighborhoods.”
“We are proud to provide construction financing for a development of this scale and caliber in Upper Kirby, one of Houston’s most established neighborhoods,” said Victor Reynoso, Managing Director, Originations at Bank OZK. “Southern Land Company has established a strong reputation for delivering high-quality developments in some of the country’s most dynamic markets and we look forward to seeing 2811 Kirby come to life.”
2811 Kirby will feature two towers rising from a shared parking podium. The 38-story Lily River Oaks luxury multifamily building will offer 331 apartments, including 18 penthouses, with state-of-the-art amenities designed to create an elevated residential experience. Residents will have access to rooftop indoor and outdoor amenity spaces on the 38th floor, including an outdoor pool deck.
A separate 10-story commercial tower will offer Class AA office space totaling approximately 107,000 square feet. Spanning both towers, the seventh floor will feature a spa, fitness center, and garden deck available to both residential and office tenants. Stream Realty Partners is leading leasing efforts for the office component.
“Tenants today are prioritizing quality, experience, and location, and 2811 Kirby checks all three boxes,” said Dustin Downey, Chief Investment Officer, Southern Land Company. “We’re already seeing strong interest from groups looking to relocate to Upper Kirby, and this project will offer a level of design, connectivity, and Class AA office space that doesn’t currently exist in the Houston market.”
Southern Land Company has assembled a best-in-class team of project partners, including Solomon Cordwell Buenz (SCB) as architect and interior designer, Kimley-Horn for civil engineering, DeSimone Consulting Engineering for structural engineering, and Texas-based ANDRES Construction serving as general contractor. Southern Land Company’s in-house horticulture team is leading the development and implementation of landscape architecture design.
Located near the acclaimed River Oaks District, 2811 Kirby represents Southern Land Company’s entry into the Houston real estate market and builds on the company’s experience developing highly amenitized, design-forward mixed-use and residential communities across the country. The project is intended to complement the established character of Upper Kirby while introducing a new destination that brings together residential, office, dining, and gathering spaces.
Southern Land Company’s Texas Portfolio
Southern Land Company has been developing single-family and multifamily properties in the Lone Star State since 2006. Its growing Texas portfolio includes multiple active communities across the state, including:
- Tucker Hill, a single-family community in McKinney established in 2008;
- Deco 969, a 27-story luxury mixed-use community in Downtown Fort Worth that opened in 2024;
- 2811 Kirby Drive, a nearly one-million square-foot commercial and residential development in Upper Kirby, Houston that broke ground earlier this year
- Lunaroya, an emerging, intimate 86-homesite ultra-luxury, single-family community in Dripping Springs that will feature ranch-style homes.
In addition, Southern Land Company has also developed, operated, and sold several other mixed-use and multifamily communities in Texas, including:
- The Lofts at Watters Creek in Allen;
- Arthouse in Keller;
- Junction 15 in Plano;
- Morada Plano in Plano; and
- Novē at Knox in Dallas.
Statements regarding plans, amenities, services, features, facilities, pricing, acreage, and square footage are subject to change without notice. Certain amenities, services, and facilities may require the payment of additional fees, membership charges, or other costs, and availability may be limited or subject to change or modification. Renderings, images, and descriptions are for illustrative purposes only and may not reflect final construction or design. The foregoing does not constitute an offer to sell or lease real property, and any such offer may be made only in accordance with applicable laws.
About Southern Land Company
Southern Land Company is a full-service, national real estate developer that has been reimagining the industry since 1986. Rooted in the belief that visionary design and community cultivation are at the heart of every successful development, the company brings extraordinary living spaces and experiences within reach through master-planned, single-family, multifamily, mixed-use, and hospitality developments, all created by a diverse team of industry-leading, in-house experts. Headquartered in Nashville, Tennessee, Southern Land Company has market-leading projects in eight additional states, including New York, California, Texas, Colorado, Pennsylvania, North Carolina, South Carolina and Nevada. Southern Land Company’s current project pipeline is valued at $8 billion. To learn more, visit www.southernland.com.
About Bank OZK
Bank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed use, multifamily housing, condominiums, office, hospitality, life sciences, industrial, cold storage, self-storage and retail. For the five years ended June 30, 2026, RESG originated approximately $38.75 billion in new loans. For more information, visit ozk.com.
