How Steve Radom runs Houston's adaptive reuse boom

TL;DR

Steve Radom of Radom Capital shares how he juggles multiple adaptive reuse projects in Houston after selling Montrose Collective.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html)
Radom Capital, launched in 2014, turns old warehouses and landmarks into mixed-use spaces like M-K-T and 3201 Allen Parkway.[[2]](https://www.radomcapital.com/)
Houston supports these projects due to demand for community-focused developments that preserve history.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html)

The story at a glance

The Houston Business Journal profiles Steve Radom, founder of Radom Capital, on running numerous adaptive reuse projects despite selling a major asset, Montrose Collective. Radom discusses transforming older buildings into vibrant retail, office, and community spaces. The piece comes after the August 2025 sale to Hines and amid ongoing work like Heights Clocktower Residences.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html)[[3]](https://www.bizjournals.com/houston/news/2025/08/21/why-random-capital-sold-montrose-collective.html)

Key points

Radom Capital specializes in adaptive reuse, repurposing industrial warehouses and historic sites into mixed-use hubs with retail, dining, offices, and sometimes residences.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html)[[2]](https://www.radomcapital.com/)
Notable past projects include Montrose Collective (sold in 2025), M-K-T (over 200,000 sq ft along Heights trail, later partnered), and 3201 Allen Parkway (restored 1930 landmark).[[2]](https://www.radomcapital.com/)
Active developments feature Heights Clocktower (first apartments, 214-218 units, ground broken 2025), Tower Theatre in Montrose (with new tenants like 1111 cocktail bar), and Swift Bldg.[[4]](https://multifamilyaffordablehousing.com/radom-capital-secures-financing-breaks-ground-on-houston-adaptive-reuse-project)[[5]](https://www.bizjournals.com/houston/news/2025/09/05/1111-cocktail-bar-tower-theatre-project-montrose.html)
Radom sees Houston as having a strong audience for these projects that blend history with modern uses.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html)

Details and context

Radom started Radom Capital in 2014 after a background as a CPA, shifting to real estate focused on urban infill and preservation in neighborhoods like Heights, Montrose, and Buffalo Bayou.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html) The firm often partners with groups like Triten Real Estate Partners and architects such as Michael Hsu Office for designs that connect to trails and keep historic character.[[6]](https://www.columbiatribune.com/press-release/story/71817/metronational-grows-greater-houston-portfolio-with-landmark-m-k-t-heights-acquisition)

Selling Montrose Collective freed capital for new ventures, as Radom noted it was tough but opened opportunities; similar sales or partnerships, like M-K-T to MetroNational in 2026, show a cycle of develop, stabilize, and recycle proceeds.[[3]](https://www.bizjournals.com/houston/news/2025/08/21/why-random-capital-sold-montrose-collective.html)[[7]](https://www.tritenre.com/news/metronational-acquires-m-k-t-development)

These projects fill demand for walkable, experiential spaces in Houston's growing inner neighborhoods, where new builds face higher costs and less charm than reuses.[[1]](https://www.bizjournals.com/houston/news/2025/10/03/steve-radom-capital-adaptive-reuse-developments.html)

Key quotes

"It's always hard to sell, especially when it’s a bigger project that you’ve put so much effort into." – Steve Radom, on selling Montrose Collective (from related HBJ coverage).[[7]](https://www.tritenre.com/news/metronational-acquires-m-k-t-development)

Why it matters

Adaptive reuse like Radom's helps preserve Houston's architectural history while meeting needs for mixed-use spaces in high-demand areas. It offers investors a model for steady returns through sales and new starts, benefiting local businesses with unique venues. Watch progress on Heights Clocktower (due 2027) and Tower Theatre tenants for signs of sustained market appetite.[[4]](https://multifamilyaffordablehousing.com/radom-capital-secures-financing-breaks-ground-on-houston-adaptive-reuse-project)