From sheet metal to immersive art: Fifth Ward warehouse repurposedFrom sheet metal to immersive art: Fifth Ward warehouse repurposedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292182023-05-30T05:00:00Z2023-05-31T22:00:00Z

HOUSTON – Meow Wolf has broken ground on its $42 million immersive art exhibit project at 2103 Lyon St.

The exhibit will occupy 32,242 sf in the former Moncrief-Lenoir Manufacturing Co. sheet metal plant, a 115,000-sf warehouse built in 1917.

The company said this location will be larger than its permanent exhibit in Denver, which attracts as many as 750,000 visitors annually. 

Completion is slated for 2024.

Houston Business Journal
Houston-The Woodlands-Sugar Land
https://www.bizjournals.com/houston/news/2023/05/26/meow-wolf-groundbreaking.htmlRead more at {Source}
359-unit apartment complex coming to Houston’s Heights 359-unit apartment complex coming to Houston’s Heightshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292042023-05-25T05:00:00Z2023-05-31T21:00:00Z

​HOUSTON – Austin-based OHT Partners has broken ground on Lenox Heights, a five-story, 359-unit apartment complex at 333 W. 24th St.

The development will have one- and two-bedroom units ranging from 629 to 1,247 sf.

Amenities will include two resort-style swimming pools, sky deck, coworking studio, fitness center, clubhouse, and pet spa.

Steinberg Dickey Collaborative LLP designed the project.

Lenox Heights is expected to open in early 2025.

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/heights-river-oaks-montrose/development/2023/05/24/ground-breaks-on-5-story-lenox-heights-coming-to-w-24th-st/Read more at {Source}
Kelsey-Seybold Clinic now open in the West University areaKelsey-Seybold Clinic now open in the West University areahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292052023-05-25T05:00:00Z2023-05-31T21:00:00Z

​HOUSTON –A Kelsey-Seybold Clinic has opened at the Vanderbilt Square shopping center in West University Place.

Located at 3003 W. Holcombe Blvd., the 26,000-sf clinic will provide primary care for adults and children as well as specialty care services in dermatology and infectious diseases.

It also offers laboratory, diagnostics, and pharmaceutical services.​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
https://communityimpact.com/houston/bellaire-meyerland-west-university/business/2023/05/23/kelsey-seybold-clinic-now-open-at-west-university-place/Read more at {Source}
122-room Waco Holiday Inn sold122-room Waco Holiday Inn soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291982023-05-24T05:00:00Z2023-05-31T21:00:00Z

​​WACO – CenterPoint Hospitality has purchased a 122-room Holiday Inn & Suites hotel.

Built in 2008, the hotel has a pool, fitness center, and business center.

Marcus & Millichap represented the seller and procured the buyer.​

https://rebusinessonline.com/marcus-millichap-brokers-sale-of-122-room-holiday-inn-hotel-in-waco/Read more at {Source}
Construction company signs 47K-sf industrial lease in CypressConstruction company signs 47K-sf industrial lease in Cypresshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291992023-05-24T05:00:00Z2023-05-31T21:00:00Z

​​CYPRESS – Premier Stair & Door has signed a 46,614-sf industrial lease at 290 Northwest Business Center.

The property was completed in 2019.

Colliers represented the landlord, KBUSA Properties, in the lease negotiations. The Lish Co. represented the tenant.​​

Houston-The Woodlands-Sugar Land
https://rebusinessonline.com/colliers-negotiates-46614-sf-industrial-lease-in-cypress-texas/Read more at {Source}
426-unit multifamily development sold in Galleria district426-unit multifamily development sold in Galleria districthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292002023-05-24T05:00:00Z2023-05-31T21:00:00Z

​HOUSTON – Three Pillars Capital Group has acquired Chateaux Dijon, a 426-unit apartment community at 5331 Beverlyhill St., from InvestRes.

The property has one- and two- bedroom units, a pool, fitness center, business center, outdoor grilling and dining areas, package lockers, and a pet park.

Global Real Estate Advisors brokered the sale.​

Houston-The Woodlands-Sugar Land
https://rebusinessonline.com/three-pillars-capital-acquires-426-unit-chateaux-dijon-apartments-in-houston/Read more at {Source}
Korber opening 75k-sf Irving warehouse, adding jobsKorber opening 75k-sf Irving warehouse, adding jobshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291752023-05-22T05:00:00Z2023-05-31T17:00:00Z

IRVING – Germany-based Korber is expanding its U.S. headquarters with a 75,000-sf warehouse.

The $10 million warehouse and manufacturing space, which will be a supply chain office for the global chain, will mean the addition of 100 new local jobs over the next year or so, said a Korber spokesperson.

The company's HQ is on Esters Blvd. near DFW Airport.

Korber provides technical support, robotics, and aut​omation systems.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/05/22/global-supply-chain-firm-growing-north-american-headquarters-in-irving/Read more at {Source}
Wilmer welcoming new 1.5 million-sf business parkWilmer welcoming new 1.5 million-sf business parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292122023-05-30T05:00:00Z2023-05-31T16:00:00Z

WILMER – A 1.5 million-sf business park is under development south of Dallas.

The Southport Logistics Center will have two industrial buildings near I-45 and the Union Pacific Intermodal Yard. These will add to the 17 million sf of warehouses planned for south Dallas County.

The project is being developed by Bandera Ventures and Invesco Real Estate. JLL will oversee leasing.

The buildings will open later this year.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/05/25/huge-business-park-on-the-way-in-wilmer-south-of-dallas/Read more at {Source}
Transformer shortage roadblock for residential developersTransformer shortage roadblock for residential developershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292092023-05-30T05:00:00Z2023-05-31T13:00:00Z

SAN ANTONIO – Supply chain disruptions that began during the pandemic are still causing shortages of a piece of equipment needed to power homes: transformers.

Transformers, those dark green metal boxes visibile on neighbhood lawns, transform higher voltages flowing through underground power lines into lower voltages for use in homes. For about every four houses being built in a new subdivision, one new transformer must be installed. 

Utilities across the state and nation are struggling to secure the distribution system transformers they need to meet the needs of residential developers. Procurement times, which averaged about three months in 2020, stretched to more than a year by the end of last year, according to the American Public Power Association. In national surveys, the lack of transformers been specifically identified by builders as a concern for 2023.​​​​ 

In early May, CPS Energy, which serves San Antonio, had 645 of the 35-kilovolt transformers used in residential subdivisions ready for installation—and requests for more than 3,400. CPS warns that some developments could be waiting for more than a year.

San Antonio Express-News
San Antonio-New Braunfels
https://www.expressnews.com/business/article/homebuilding-transformers-development-supplychain-18116774.phpRead more at {Source}
TPW commission approves purchase of Fairfield Lake State ParkTPW commission approves purchase of Fairfield Lake State Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292072023-05-28T05:00:00Z2023-05-30T23:00:00Z

​AUSTIN – ​The Texas Parks and Wildlife Commission last week unanimously voted to authorize Texas Parks and Wildlife Department’s (TPWD) executive director to purchase approximately 5,000 acres in Freestone County including Fairfield Lake State Park.

TPWD acquired Fairfield Lake State Park by lease in 1971 from Texas Utilities, now Vistra Energy. The park opened to the public in 1976. 

Named after 2,400-acre Fairfield Lake, it sees an average 80,000 visitors a year and is known for activities such as horseback riding, family reunions, paddling, fishing, camping, and hiking.

Texas Parks & Wildlife
Dallas-Fort Worth-Arlington
https://tpwd.texas.gov/newsmedia/releases/?req=20230525cRead more at {Source}
Billingsley bringing $3 billion Sloan Corners mixed-use to Collin CountyBillingsley bringing $3 billion Sloan Corners mixed-use to Collin Countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292082023-05-28T05:00:00Z2023-05-30T23:00:00Z

COLLIN COUNTY – ​Developer Billingsley Co. is finalizing plans for the first phase of a 500-acre mixed-use development that could total over $3 billion when completed.

The development, Sloan Corners, will be in Allen and Fairview.

The developer gained control of 240 acres at the southeast corner of US 75 and SH 121 in Fairview in 2019. Two years later, they purchased 260 acres across the highway in Allen.

The City of Allen just designated its corner as a reinvestment zone and tax increment finance district, which will allocate increased property taxes from the Sloan Corners development to help pay for streets, utility lines, and other infrastructure. The maximum reimbursement could be nearly $75 million.

Plans for Sloan Corners call for more than ten million sf of office space, 6,000 apartments, and over 200,000 sf of retail space.

The firm plans to build apartments and offices in the first phase on Chelsea Blvd. The planned Hartford Square apartments would be in a four-story building designed by Dallas’ O’Brien Architects. The rental units would open in early 2026.

Sloan Corners will include greenbelts, parks and walking trails.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/05/25/500-acre-mixed-use-project-set-to-launch-at-key-collin-county-intersection/Read more at {Source}
TXST breaks ground on $37M football center in San MarcosTXST breaks ground on $37M football center in San Marcoshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292032023-05-26T05:00:00Z2023-05-30T21:00:00Z

​SAN MARCOS – Texas State University has broken ground on its new $37 million Football Performance Center at Bobcat Stadium.

Located at 1100 Aquarena Springs Dr., the project is a renovation to the existing complex and will entail adding a new 8,000-sf weight room, players' lounge, training room with hydrotherapy, individual position meeting rooms, and a recruiting room.

The conference rooms will also receive an upgrade with additional offices along with additional premium hospitality spaces.

Construction starts this summer and will be completed by fall 2024.​​​

Community Impact Newspaper
Austin-Round Rock
https://communityimpact.com/austin/san-marcos-buda-kyle/development/2023/05/23/texas-state-university-breaks-ground-on-37m-football-center/Read more at {Source}
503K-sf medical education tower underway at Baylor College of Medicine campus503K-sf medical education tower underway at Baylor College of Medicine campushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292062023-05-25T05:00:00Z2023-05-30T21:00:00Z

​HOUSTON – Baylor College of Medicine has started construction on The Lillie and Roy Cullen Tower, a 503,000-sf, 11-story medical education and research building.

The development will include a 35,000-sf simulation lab, a 500-seat classroom and event center, small-group and studio classrooms, dedicated space for big data analytics, lecture halls, and a student wellness center.

The 11th floor will house the new offices of Baylor executive leadership.

The Cullen Foundation, The Cullen Trust for Health Care, and The Cullen Trust for Higher Education contributed a combined $30 million for the project with an additional $100 million donated.

The construction manager for the project is Linbeck Group. The project manager is JLL.

The building is expectd to open in 2026.​​

Houston-The Woodlands-Sugar Land
https://www.bisnow.com/houston/news/healthcare/construction-starts-on-baylor-college-of-medicines-503k-sf-medical-education-tower-119108Read more at {Source}
Dual-branded hotel opens in 14-story tower near Texas Medical CenterDual-branded hotel opens in 14-story tower near Texas Medical Centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291612023-05-19T05:00:00Z2023-05-30T21:00:00Z

​HOUSTON – The Hyatt Place Houston Medical Center and Hyatt House Houston Medical Center have opened in a 14-story tower at 7329 Fannin at Old Spanish Trail.

The dual-branded hotel has 298 rooms on the edge of TMC Helix Park, a 37-acre life sciences campus under construction in the Texas Medical Center.

Hyatt Place Houston Medical Center has 157 rooms.

Hyatt House, designed for longer stays, has 141 apartment-style studio and one-bedroom suites with kitchens.

Amenities shared by the two hotels include a restaurant, bar and lounge rooftop pool bar, laundry facilities and a 24-hour fitness center. The property also has more than 3,500 sf of meeting space.

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://https://www.houstonchronicle.com/business/real-estate/article/texas-medical-center-hotel-hyatt-opens-18104705.phpRead more at {Source}
790-unit self-storage portfolio sold along Galveston Bay790-unit self-storage portfolio sold along Galveston Bayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291652023-05-19T05:00:00Z2023-05-30T21:00:00Z

​​GALVESTON – Andover Properties has acquired the Watson & Taylor Portfolio, a two-facility self-storage portfolio totaling 790 units in Galveston and Baytown.

The facilities total 104,830 net rentable sf.

Versal represented the seller and procured the buyer.​

Houston-The Woodlands-Sugar Land
https://rebusinessonline.com/versal-negotiates-sale-of-790-unit-self-storage-portfolio-in-galveston-baytown-texas/Read more at {Source}
368-home build-to-rent neighborhood underway in Marvida368-home build-to-rent neighborhood underway in Marvidahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291872023-05-23T05:00:00Z2023-05-26T21:00:00Z

​​​CYPRESS – Clay Residential has started work on the Willow at Marvida, a build-to-rent neighborhood in Starwood Land's 856-acre master-planned community.

The project will have 134 single-family homes and 234 paired townhomes.

The three- to five-bedroom rental homes will range from 1,382 to 2,900 sf and include attached two-car garages.

The neighborhood is adjacent to Marvida's planned The Island Amenity Village with a pool, lazy river, splash pad, playground, sports courts, and dog park.

The first homes are expected to be delivered next month with full buildout in 2026.​

Houston Business Journal
Houston-The Woodlands-Sugar Land
https://www.bizjournals.com/houston/news/2023/05/22/clay-residential-second-build-to-rent-marvida.htmlRead more at {Source}
24-acre master-planned Aquarene Crossing coming to San Marcos24-acre master-planned Aquarene Crossing coming to San Marcoshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=291972023-05-24T05:00:00Z2023-05-26T21:00:00Z

SAN MARCOS – Development of Aquarene Crossing, a 24-acre mixed-use project at the southeast corner of I-35 and Aquarene Springs Dr., is underway.

The development will consist of retail, office space, and an apartment complex called The Springs.

The project is being built in phases and will begin with two buildings along I-35, which are expected to be completed by the first quarter of next year.

Vertical construction will likely start at the end of this month or early next month.​

Community Impact Newspaper
Austin-Round Rock
https://communityimpact.com/austin/san-marcos-buda-kyle/development/2023/05/18/aquarena-crossing-development-to-bring-apartments-retail-to-san-marcos/Read more at {Source}
How refreshing! ARCO Beverage building 253K-sf Weslaco distribution centerHow refreshing! ARCO Beverage building 253K-sf Weslaco distribution centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292012023-05-24T05:00:00Z2023-05-26T21:00:00Z

​​WESLACO – ARCO Beverage Group has broken ground on a 253,200-sf distribution center in Mid Valley International Industrial Park, a 122-acre master-planned development owned by Weslaco EDC.

The project will have 210,000 sf of temperature-controlled space, 36-ft clear heights, 27 dock positions, and 25,000 sf of office space.

Completion is slated for first quarter 2024.

https://rebusinessonline.com/arco-beverage-group-breaks-grounds-on-253200-sf-distribution-center-in-weslaco-texas/Read more at {Source}
160K-sf medical office building completed on Houston Methodist Sugar Land campus160K-sf medical office building completed on Houston Methodist Sugar Land campushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=292022023-05-24T05:00:00Z2023-05-26T21:00:00Z

HOUSTON – McCarthy Building Companies Inc. has completed construction of a six-story​​ medical office building and an attached seven-level parking garage on the campus of Houston Methodist Sugar Land Hospital.

The 160,000-sf building has a lobby, corridors, and an endoscopy surgical center.

The medical center is connected to existing campus buildings by a conditioned pedestrian bridge,​​ and the garage is connected to an existing adjacent garage by a vehicle bridge.

The project also extended a water main 2,500 ft around the campus.

McCarthy broke ground in December 2021. ​

Dala Communications
Houston-The Woodlands-Sugar Land
Read more at {Source}
Admiral Legacy mixed-use planned for Mansfield Admiral Legacy mixed-use planned for Mansfield https://www.recenter.tamu.edu/news/newstalk-texas/?Item=291822023-05-23T05:00:00Z2023-05-26T17:00:00Z

​​​​MANSFIELD – The city council has approved plans for a 240,000-sf mixed-use project.

Admiral Legacy will be at Heritage and Regency Parkways off US 287. It will include two office buildings totaling 240,000 sf, 650 apartments, and retail. The office buildings will break ground next year.

Admiral Legacy Investments LLC is the developer.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2023/05/23/mansfield-approves-mixed-use-project-with-an-eye-on-business-attraction/Read more at {Source}

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