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Tag Archives: Grand Parkway

The Long and Winding Road to Growth: Houston’s Grand Parkway

(By Dale King) HOUSTON – There’s good news and not-so-good news to report about Greater Houston’s “Grand Parkway” road project. The good news is that the 180-mile highway which will eventually encircle Houston and its environs will provide “improved access and greater demand for office space” in various submarkets. It will also “help suburban commuters get around Houston easier and ... Read More »

The Impact of Low Oil Prices on Houston Single-Family: Q&A with Mario Arriaga, 2016 Chairman Houston Assn. of Realtors

HOUSTON – With oil prices on an almost daily decline, these are trying times to be in the real estate business. The Houston real estate market has changed, as has the city’s number one industry – energy.  Falling from more than $100 a barrel to less than a third that amount today, the price of oil is hitting low prices not seen ... Read More »

450,000 SF Retail Project Breaks Ground in Katy, Texas

HOUSTON – The Retail Connection has broken ground on the Shoppes at Parkwest, a planned 450,000 square foot retail near the Grand Parkway in the Katy community, west of Houston. Construction is underway on the initial 300,000 square feet of the power center, located at the northeast corner of Interstate 10 and Katy Fort Bend Road, catty cornered from Katy ... Read More »

Initial Retail Project Breaks Ground in 11,400-Acre Bridgeland Project

CYPRESS, Texas – Lakeland Village Center, the first commercial development in Bridgeland, a master planned community in Cypress, north of Houston, has broken ground. Set on 20 acres along Fry Road, Lakeland Village Center will include 84,000 square feet of mixed-use development in phase one consisting of retail, restaurants, and professional and medical offices. Developing by the Howard Hughes Corp., ... Read More »

Canadian Firm Buys GEICO Building Near Houston’s Energy Corridor

HOUSTON – Nicola Crosby Real Estate, a Canadian investor, purchased Mason Creek I, a two-story 135,716-square-foot office building in west Houston near the Energy Corridor and the suburb of Katy. The building, which fetched a $39 million sales price,  is fully leased by GEICO. Holliday Fenoglio Fowler marketed the property on behalf of the seller, a Boston-based institutional real estate ... Read More »

New Grand Parkway Generating More Real Estate Activity in North Houston

HOUSTON – The Woodson’s Reserve, a new master planned community, is opening on a new section of the Grand Parkway in North Houston. A $1.1 billion 38-mile extension of the Grand Parkway has generated a considerable number of deals in north Houston. The roadway, also known as State Highway 99, runs close to the new Exxon Mobil campus, which will ... Read More »

Daikin/Goodman Constructing 4 Million SF, $417 Million Manufacturing Campus that Will Employ 4,000 in Houston

HOUSTON – Daikin Industries the world’s largest manufacturer of heating, cooling and refrigerant products, will build a massive, 4 million square-foot, $417 million manufacturing and logistics campus on the northwest side of Houston that will employ 4,000 people. Daikin, which owns Goodman Global, will build the campus off of U.S. 290, approximately three miles west of the Grand Parkway,  also known ... Read More »

Houston’s Top 17 Catalyst Deals of the Year

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

Trammell Crow/Prudential JV Start Spec Office Project Near Houston’s Energy Corridor

HOUSTON– A joint venture of Trammell Crow Co. and Prudential Real Estate will develop One Grand Crossing, a speculative three-story172,000 square foot office building near Houston’s Energy Corridor. The 8-acre site is located in the 124 acre mixed-use Grand Crossing development at the southwest corner of Grand Parkway and Interstate 10. Construction on One Grand Crossing has begun and the ... Read More »

Huge Grand Parkway Expansion Underway North of Houston

HOUSTON – Deal Sikes & Associates, an eminent domain consulting firm, reported that 600 parcels of private property will be acquired by governmental entities in the $1 billion Grand Parkway expansion project which has just begun in the northern suburbs of Houston. The new road will enhance development opportunities north of Houston. The acquisition of the property for the 37-mile expansion of the ... Read More »

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