Friday , 22 May 2015
Breaking News

Category Archives: New Development

Rotation 2015: Momentum Shifting to Suburbs

HOUSTON – The Inner Loop and urban parts of Houston have been on a roll for several years. Construction cranes have been prominent on the skyline as new office buildings and high-rise residential towers have been going up. There are exceptions, of course, but Houston growth patterns are shifting. The new hot zones are going to be in Houston’s suburbs ... Read More »

Japanese Builder Acquires 3,400 Acres to be Developed by Newland

AUSTIN – A Japanese builder has acquired the remaining land in master planned communities in Austin, Dallas and Denver – some 3,400 acres from Wheelock Street Capital. The acquired acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm ... Read More »

Bringing 100 Years of Experience to the Table, Fred Griffin and Ed Wulfe Tackle Downtown Retail Assignment

HOUSTON – Bringing a combined 100 years of real estate development experience to the table, Houston developers Fred Griffin and Ed Wulfe have joined forces with Houston First Corp. to create restaurants and retail space around the George R. Brown Convention Center in downtown. Approximately 30,000 square feet of space will yield as many as seven new retail, restaurant, sidewalk ... Read More »

Transwestern Development Starts Mixed-Use Project on Austin’s East Sixth Street

AUSTIN – Transwestern Development Co. is developing a 450,000-square-foot mixed-use project on East Sixth Street in Austin. The project will have 94,500 square feet of office space, 346 apartment units and 9,600 square feet of retail space. Transwestern Development Co. and its partners have broken ground on the two-building project situated on a 4.2-acre site at the intersection of E. ... Read More »

Gaedeke Planning Office Tower Near Toyota Project in Dallas

DALLAS – Gaedeke Group LLC has acquired an 11-acre tract where it plans to develop a multi-tenant office project. The site is across the street from Toyota Corp.’s $350 million North American headquarters campus in the Legacy West development. The development site was purchased in an off-market transaction with SWC Tollway & 121 LLC. Glenn S. Lickstein, president of Dallas-based ... Read More »

32 New Grocery Stores Will Be Built in Houston in 2015

HOUSTON – Houston is experiencing a retail construction boom with 32 new grocery stores, along with other retail properties in the 2015 pipeline, according to a retail survey by Wulfe & Co. Wulfe projected that 3.7 million square feet of retail space will open in the Houston area this year, a 56 percent increase over last year. Houston’s retail construction ... Read More »

Colliers: Huge Absorption of Houston Office Space in 2014

HOUSTON – A whopping 6.8 million square feet of office space was filled in Houston last year, despite big gains in rental rates, according to the year-end report by Colliers International. The big driver of the leasing activity was incredible job growth, as Houston added about 125,000 jobs last year – the strongest year for jobs since 1981. Forecasters are ... Read More »

Citizens Invited to Vote for ULI’s “People’s Choice” Award for Favorite Houston Real Estate Projects

HOUSTON – The Houston District Council of the Urban Land Institute (ULI) will recognize some of Houston’s groundbreaking real estate developments at the January 27 Development of Distinction Awards presented by Winstead Attorneys. The public is invited to vote for their single favorite project among the finalists in the “People’s Choice” Award. The ULI awards recognize developments that exemplify best ... Read More »

Transwestern/Amstar Developing Multifamily in San Antonio

SAN ANTONIO – Transwestern Development Co. and Amstar, a Denver-based real estate investment manager acting on behalf of one of its public retirement system clients, will develop a multifamily project on a 2.3-acre development site just acquired in San Antonio. The 229-unit infill development, known as Southtown Flats, will begin earthwork activities in January 2015 with the first units scheduled ... Read More »

Fein Goes Double-Down with Second Apartment Project Next to new Exxon Mobil Campus

HOUSTON — Fein, a Houston-based multifamily firm founded by Martin Fein, is starting its second apartment development in Springwoods Village where the Exxon Mobil’s massive new campus is being built. Fein’s first project in Springwoods Village, a 342-unit project called The Belvedere, began leasing up this summer with strong velocity. Fein announced Monday it has purchased 3.75 acres from CDC ... Read More »

Neiman Marcus to Anchor New Simon/Cassco Center in Fort Worth

FORT WORTH – Neiman Marcus will be the anchor tenant for a new 500,000-square-foot retail center that will be developed in Fort Worth by the Simon shopping center firm and Cassco Development Co. The center is part of the Edwards Ranch development. The 500,000 square foot shopping destination, called The Shops at Clearfork, will be anchored by Neiman Marcus and ... Read More »

Avera Developing Distribution Center in Dallas

DALLAS – Avera, a commercial real estate development, construction and investment firm, has announced the development of an institutional quality distribution center in Dallas. The 345,150 square-foot project will be situated on 18.8 acres, at the northwest corner of State Highway 161 (George Bush Tollway) and January Lane. Avera, a Houston-based firm led by Trey Odom, reported: “The development is centrally located ... Read More »

Scroll To Top