RECON for May 28, 2021RECON for May 28, 20212021-05-28T05:00:00Z2021-05-28T05:00:00Z
Point Bolivar Lighthouse
What's happening around Texas? Second phase planned for South Austin retail, residential project; 150-acre beachfront RV resort coming to Bolivar Peninsula; new Houston industrial project 80 percent leased; and more. Today's RECON has the details. (Photo of the Bolivar Point Lighthouse from Center files.)
May 28, 2021

Stillwater Capital plans second phase for South Austin project

​​AUSTIN (Austin Business Journal) – Dallas-based Stillwater Capital and its international equity partner Sweid & Sweid America working on the second phase of its commercial and housing​​ buildout in the city's far south side.

Phase two includes a​ new apartment complex, Double Creek II, which will be north of the project's first phase, The Haywood multifamily community. 

Double Creek II will have 372 units across five buildings on ten acres. All units will be market rate.

Work will wrap up on the second phase ​in 2023. Davies​​ Collaborative Malone/Wheeler are on the project team.​

The Haywood, which occupies 17 acres, offers 372 units across 12 buildings. The first units will open in the next couple of weeks. Kairoi Management is in charge of leasing.​

The remaining portion of Stillwater's 35-acre site between FM 1626 and I-35 will be home to retail development. Stillwater sold the 1.5-acre corner retail site earlier this year.

The company will donate roughly five acres to the city for a public park land.
The Texas Real Estate Research Center will be closed on Friday, May 28, and Monday, May 31, in observance of Memorial Day.

150-acre beachfront RV resort slated for Crystal Beach

​​​​​CRYSTAL BEACH (Houston Business Journal) – Port Bolivar-based NewCoast Properties is developing a 150-acre beachfront RV resort on the Bolivar Peninsula.

The Bolivar Beach Club & RV Resort will have more than 500 RV sites and a five-acre entertainment park with beachside concert venue. It will have ​​​access to 27 miles of beaches.

Other amenities include a resort-style pool with swim-up bar and private cabanas, turf football fiel​d, food truck park, golf cart rentals, and a clubhouse with retail offers. 

A soft opening is set for this fall, but a grand opening is planned for spring 2022. ​

The resort will begin hiring this summer and expects to fill more than 100 positions.​
For Sale, Currently Leased
A new contract addendum adopted by the Texas Real Estate Commission addresses leases on residential properties for sale. Contracts with residential leases executed after March 31, 2021, must include this addendum. Learn more in our latest article.

Two tenants take 273K at Interwood Distribution Center

​HOUSTON (Holt Lunsford Commercial) – T​wo tenants have signed leases totaling 273,347 sf at Interwood Distribution Center at 1471​​​0 and 14720 John F. Kennedy Blvd. 

Tailift Material Handling USA has signed a 37,502-sf partial lease in Building 1, a rear-load facility. 

GCP Paper USA Inc. is taking all of Building 2, a 235,845-sf cross-dock facility. 

The two leases bring the new Class A development to 80 percent occupancy. There is 68,345 sf of remaining space in Building 1.​

Interwood Distribution Center is a joint venture between Holt Lunsford Commercial Investments (HLCI) and GID Real Estate Investments.

HLCI represented the ownership. Centermark Commercial Real Estate represented GCP Paper USA.
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Work starts on Energy Corridor multifamily

​​​​HOUSTON (Realty News Report) – Sueba USA has started on San Estrella, a 318-unit multifamily project in the Energy Corridor.

The community will be on nine acres at 13475 Rincon Dr. near the northwest corner of Eldridge Pkwy. and Westheimer Rd.

It will have studio and one-, two-, and three-bedroom floor plans ranging from 480 to 2,087 sf. 

Preleasing starts in summer 2022, with occupancy beginning that fall.
Looking for more real estate news? Our NewsTalk Texas feed has all the latest headlines. Here's a sample:

EastSky acquires 1,429-unit Lewisville community

​​​LEWISVILLE (REBusiness Online) – EastSky Properties has purchased Hebron 121 Station, a 1,429-unit apartment community, from Huffines Communities. 

Built in phases starting in 2011, the 90-acre community is near the intersection of I-35 and SH 121.

Amenities include four pools with swim-up bars, entertainment lounges, an onsite restaurant and convenience store, dog parks, outdoor kitchens, two fitness centers, and a 10,000-sf clubhouse and leasing center. 
market viewer screen shotTexas Realtors' MarketViewer tool helps members and their clients quickly understand the market statistics in their area. This powerful tool is a member benefit available exclusively to Texas Realtors and local Realtor associations in Texas. Data are compiled and analyzed through a research agreement between Texas Realtors, the Texas Real Estate Research Center, and all MLSs across the state. 

750-unit self-storage facility opens in Porter

​​PORTER (REBusiness Online) – The Signorelli Co., has opened Valley Ranch Self Storage, a 750-unit facility within the Valley Ranch master-planned community. 

The three-story property totals 100,000 sf a​nd offers climate-controlled space. 

Units range from five-by-five ft to ten-by-30 ft.
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Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Texas Real Estate Research Center at Texas A&M University should not be reprinted without permission of the original source. To send news items for consideration, e-mail Hayley Rieder. The Texas Real Estate Research Center is part of Mays Business School at Texas A&M University in College Station - the heart of the Research Valley.


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