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Category Archives: New Development

Taylor Morrison Developing 55+ Community West of Houston

HOUSTON – Taylor Morrison, a Scottsdale, Ariz.-based homebuilder, is expanding its 55 and up active adult presence in the Houston area with the the development on a Bonterra active lifestyle community in Cross Creek Ranch on Houston’s west side. The 228-acre community will have 700 homes, prices from $250,000 to $450,000, in a gated neighborhood. Last year Taylor Morrison opened ... Read More »

Aggie Mega-Dorm: 1,300-Unit Project to be Largest Student Housing Project in Nation

COLLEGE STATION, Texas — Park West, a massive 1,300-unit 1.8 million-square-foot student housing project at Texas A&M University will be the largest student housing complex in the nation, according to the Weitz Co., the design-builder. The largest student housing complex in the country to date, the Park West will accommodate 3,402 students in more than 1,300 units ranging from studios to four ... Read More »

Arquitectonica-Designed Tower Started by Hines in SoMa District of San Francisco

SAN  FRANCISCO  – Houston-based Hines, in partnership with Invesco Real Estate, began construction on 41 Tehama, a 389,000-square-foot multifamily complex in San Francisco’s South of Market (SoMa) neighborhood. Designed by Arquitectonica, 41 Tehama will include 403 residences in a 35-story building. The building, slated for completion in 2017, will be one block from the Transbay Transit Center. “Hines is pleased ... Read More »

Trendmaker Developing 372-Acre Project in Clear Lake City

HOUSTON – The Reserve at Clear Lake City, a 372-acre project that will have 740 homes has opened in southeast Houston near the Johnson Space Center. Trendmaker, part of the TRI Pointe organization, is developing the project. Trendmaker, Ryland Homes and Village Builders will be constructing houses in the community. Clear Lake City is a 10,000-acre project started in the ... Read More »

Morton Salt HQ Moving to Hines’ 52-Story Tower Under Construction in Chicago

CHICAGO – Hines has landed the headquarters of Morton Salt, Inc. as an anchor tenants in the new 52-story River Point tower currently under construction in the Chicago’s West Loop. “Morton Salt is a company born and raised in Chicago with roots that date back to 1848. Becoming part of this new riverfront landmark is symbolic of our commitment to ... Read More »

Hopper Buys Site for Austin Single-Family Community

AUSTIN – CBRE announced the sale of 42.1 acres in Northeast Austin, Texas, to Charlotte, N.C.-based Hopper Communities. The regional residential developer purchased the tract from Sealy & Company for an undisclosed price. Greg Marberry, with CBRE in Austin, represented the seller. John Swanson, Hopper Communities Texas Partner, saw an opportunity for single-family residential at the site and rezoned the property from ... Read More »

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 »

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