{{titleBar.title}}

​​KATY – Ventures LLC is developing Anserra Business Park, a two-building industrial project south of I-10.

The park's 205,920-sf building will have 32-ft clear height and 220-ft building depth, in addition to parking for 182 cars and 56 trailers.

The other building, a 510,000-sf cross-dock warehouse with 36-ft clear height and 500-ft building depth, will have 254 car parking spots and 123 spots for trailers.

Both buildings will have 4,370 sf of spec office space.

Completion is expected in July.​​

​​​MONTGOMERY – The 391-acre Fish Creek Regional Park is underway after the Montgomery County Commissioners Court approved a professional services agreement with Burditt Consultants LLC.

The park will include a community center, hiking and equestrian trail, a maintenance facility, a nature and outdoor education center, sports field, and other amenities. ​​

​​GREENVILLE — ​REIT Extra Space Storage of Utah has purchased Greenville Self Storage, a 741-unit facility at 107 CR 2186.

Built in 2019, the four-story, climate-controlled facility is operated by CubeSmart and spans about 83,000 net rentable sf. 

Greenville Self Storage was more than 90 percent occupied when sold.

JLL represented the seller, Wentworth Property Co.

​​FRISCO – Construction is underway on a 224-room hotel at HALL Park, HALL Group's flagship campus that is in the middle​ of a $7 billion redevelopment.

The hotel will have an outdoor pool, fitness center, restaurant and lounge, 4,000-sf ballroom, and patio overlooking Kaleidoscope Park.

Completion is expected by the end of the year.

​​​ANNA – Beall Development has broken ground on the first phase of Anna Village, a mixed-use project near US 75.

The project at 125 S. Standridge Blvd. will have a rental community with 317 apartments, a resort pool with lazy river in the shape of Texas, club and lounge areas, fitness center, dog park, private offices for residents, and garages and covered parking.

UD Architects of Addison designed the project. Spring Valley Construction is the general contractor.

Completion is slated for January 2025.

A second phase will have five acres of restaurants and retail.

​​​SAN MARCOS – ​The Caldwell County Commissioners Court has approved an agreement between a subsidiary of development firm Lennar Homes and the county to build a new residential neighborhood.

The 491-acre Cotton Gateway will be across from the San Marcos Regional Airport at SH 21 and William Pettus Rd. It will have 1,600 lots ranging from 40- to 60-feet wide, with a minimum of a 30-foot building setback. At least eight acres will be reserved for amenities, green space or parks.

Kimley-Horn will serve as the engineer.

Cotton Gateway will be Lennar Homes’ second major development in Caldwell County.​

​​KATY – Home Run Dugout, a 46,000-sf entertainment venue featuring indoor soft-toss baseball, is opening at 1220 Grand West Blvd.

The facility has 12 indoor batting bays with proprietary pitching technology and augmented reality. Each bay can fit 12 people.

Amenities include a full-service restaurant, three bars, a mini-field for wiffle ball, live music and concert stage, and dog park.​

​​​CONROE – Greater Houston has arranged the sale of a portfolio of nine retail buildings and one office building.

SVN | J. Beard represented the seller, while JNK Property Group represented the buyer, a private investor. ​

​​​CAMERON – Cameron U Store M, a 179-unit self-storage facility on a 2.5-acre site, has sold.

Built in 1950, the non-climate-controlled space spans 29,128 net rentable sf.

Marcus & Millichap brokered the sell.​​

​​BROOKSHIRE – Excel CRE is starting construction on the second phase of Casa de Campo, a manufactured home community at 34371 Wilson Rd.

Phase 2 will add 133 manufactured homes, bringing the total to 205 on the 36-acre property.

The two- to four-bedroom, two-bathroom homes range from 1,024 to 1,568 sf and cost between $75,000 and $120,000.​

​​CHANNELVIEW – The Harris County Housing Authority and LDG Development has opened The Hollows Apartments, a 192-unit affordable housing complex at 2212 Dell Dale St.

The $39.35 million development includes six three- and four-story buildings.

The complex has one-, two- and three-bedroom units, with 15 units reserved for people transitioning from homelessness and 33 units for those earning less than 30 percent of the area's median income.

Rent for the 855- to 1,525-sf units ranges from $419 to $1,369 a month.

Amenities include a fitness center, swimming pool, community room, theater, and business center.​

​​​EAST ALDINE – The Harris County Housing Authority and LDG Development has opened Twelve620, a 288-unit apartment complex at 12620 Eastex Fwy.

The development has one- to four-bedroom apartments, with 15 units reserved for people transitioning out of homelessness, 44 for those earning 30 percent less than the area median income (AMI), and the remaining for those earning up to 70 percent of the AMI.

Rents for the 861- to 1,517-sf units range from $419 to $1,649 per month.

Amenities include a pool, playground, barbecue area, fitness center, business center, community room, and theater.​

COLLEGE STATION – Central Texas landowners can apply April 1, 2023 for the State Fire Assistance for Mitigation (SFAM) Mechanical Fuels Reduction Grant to help reduce risks posed to their property by wildfire.

The grant offers financial assistance to landowners to reduce fuels at high-risk for wildfire by using fuel reduction practices.

Funding will be provided to eligible public and private landowners for reimbursement of costs associated with hand-cut fuel breaks using chainsaws or mechanical mulching using mechanical brush cutters, forestry mulchers, and similar equipment.

Fuel breaks are modified sections of vegetation that can decrease intensity of fires, protect first responders via wider access lanes, and inhibit or slow incoming wildfires.

Thirty-two counties in Central Texas are eligible for funding of costs not to exceed $750 per acre for hand-cut fuel breaks or $2,000 per acre for mulched fuel breaks. The maximum reimbursement for either method is $10,000.

Applications are due April 30, 2023.

​DALLAS – Villa Gardens, a 142-unit apartment complex at 2730 Fyke Rd., has been sold. KeyCity Capital was the buyer.

Built in 1969, the property has studio and one-, two- and three-bedroom units.

Amenities include a pool, playground, business center, and onsite laundry facilities.

Greysteel represented both KeyCity Capital and the seller in the transaction.

FRISCO – Toll Brothers Inc. and Pondmoon Capital USA are developing Mirra, a 285-unit multifamily project at 8320 Church St.

The building will have five stories and 330,000 sf. Mirra will have studio and one- and two-bedroom units. Select units will have private terraces and balconies.

Amenities will include a pool, fitness center, leasing office, outdoor lounge with grilling stations, billiards room, and a resident clubroom.

Completion is slated for 2024.

​CONROE – Grand Central Park, a 2,046-acre master-planned community at I-45 and Loop 336, is adding a development that will bring 224 more homes to the area when complete.

The project, called South Village, is in its first phase of development. Phase one will include 118 homes on 55-, 60-, and 65-ft-wide homesites with prices beginning in the $300,000s.

Amenities will include a fishing pier, picnic area, and pavilion.

Home sales for phase two are expected to begin by late 2023, and phase three sales are slated for 2024. ​

​HOUSTON – Construction is underway on Houston Point 290, a 27.2-acre industrial park that will have three 32-ft clear-height warehouse buildings:

• Building A at 9320 SH 6 will be 149,918 sf with 210-ft building depth, 31 dock doors, 185-ft truck court, 30 trailer spots, and166 parking spaces;
  
• Building B at 9310 SH 6 will be 106,187 sf with 145-ft building depth, 42 dock doors, 185-ft truck court, and 175 parking spaces; and 
  
• Building C at 9302 SH 6 will be 126,971 sf with 170-ft depth, 38 dock doors, and 99 parking spaces.
  

Construction is slated to wrap up in the fourth quarter of this year.​​​​

​​CYPRESS – Creation Equity is developing Cypress Creek Distribution Center, a 148,000-sf industrial project at 9910 Cypress Creek Pkwy.

The development will have 32-ft clear height, 175-ft building depth, 42 dock doors, 153 parking spaces, and a 125-ft truck yard.

Completion is slated for the end of 2024.​

GALVESTON – Galveston Island State Park is reopening following major renovations.

The renovation included a new headquarters building, 95 new campsites, two new restrooms, two changing areas and rinse-off showers, 20 new shade shelters in the day-use area, five miles of hiking trails, a nature center, vendor area, group-use pavilions, and a seasonal equestrian day-u​se area.

Funds for the $10.6 million project came from Texas Parks and Wildlife, Texas General Land Office, and Texas Commission on Environmental Quality.​

​​FORT WORTH – Sierra Hermosa, a 168-unit apartment complex at 3254 Las Vegas Trail in the Western Hills neighborhood, has been sold.

Built in 1970, the property has one- and two-bedroom units.

Amenities include a clubhouse and onsite laundry facilities.

Global Real Estate Advisors brokered the deal.