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SWBC to develop Kingwood RanchSWBC to develop Kingwood Ranchhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107862015-10-14T05:00:00Z2015-10-14T15:00:00Z

​​​KINGWOOD - SWBC Real Estate purchased 15.9 acres of raw land from Chevron Phillips Chemical Co. in Kingwood to develop Kingwood Ranch, a Class A apartment complex.

The property is located along North Park Dr. and is just west of I-69, providing easy access to major employment centers, shopping destinations and the George Bush Intercontinental Airport.

It will also be in close proximity to the Signorelli Co.’s recently announced 1.8 million-sf Valley Ranch Town Center, ExxonMobil’s new campus in The Woodlands and Generation Park.

SWBC Real Estate is capitalizing on the strong demand for new housing in the area as the current rental market for the existing multifamily properties within a five-mile radius of the site has an average occupancy of 96 percent. 

SWBC Real Estate plans to break ground on the project in first quarter 2016 and upon completion is planned to have 337 one-bedroom, two-bedroom and three-bedroom apartments.

GlobeSt.com
Houston-The Woodlands-Sugar Land
Multifamily
http://www.globest.com/news/12_1212/houston/multifamily/SWBC-Buys-159-Acres-to-Build-in-Kingwood-362339-1.html

Click here to see Market Research on Houston's multifamily market.

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