Stafford: StreetLevel ‘calculates’ 192 acres for mixed-use at former TI plant

STAFFORD – A Dallas developer has closed on almost 200 acres that includes the former Texas Instruments Inc. plant for its first Houston-area project.

StreetLevel Investments and Provident Realty Advisors Inc. purchased 192 acres in Stafford to develop a mixed-use concept including:

• 350,000 SF of retail and restaurants, 
• 2,400 residential units, 
• Class A office space, 
• two hotels and
• a health club all built around a central food hall and park.

Construction is expected to begin later this year, and Phase I of the $500 million, multiphase development should open in summer 2017.

The development will be anchored by a central green space with patio seating and a stage for live music. The central food hall is targeting artisan chefs and local purveyors that highlight the food and flavors of Houston.

The retail portion is targeting high-end brick-and-mortar stores as well as pop-up shops.