RECON for June 7, 2022RECON for June 7, 20222022-06-07T05:00:00Z2022-06-07T05:00:00Z
RECON Texas Real Estate Research Center
June 7, 2022

Anchors aweigh: $1 billion allotted for Houston ship channel improvement

HOUSTON (KHOU) – Project 11, the expansion of the 52-mile channel that runs from the Gulf of Mexico into Houston, is underway.

On completion, the channel will be widened by 170 feet and deepened by up to 46.5 feet in the upstream segments.

The ship channel expansion will be completed in phases over the next 3.5 years and is estimated to cost $1 billion.

The Port of Houston and the ​U.S. Army Corps of Engineers are partnering on the expansion.

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San Antonio airport expansion moving forward

SAN ANTONIO (Connect CRE) – The San Antonio International Airport is planning a $2.5 billion expansion.

Additions will include a new 17-gate terminal, five gates, parking garage, and a ground transportation center. 

Phase one of development is currently in the planning stages.

Construction begins in 2024 and will conclude in 2028.

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Buc-ee’s creator extends footprint to Texas A&M campus

COLLEGE STATION (Fox 44) – Buc-ee's CEO and Co-founder Arch Alpin III is donating $50 million for an academic center on Texas A&M's campus.

The Alpin Center will serve as an immersive learning laboratory for students. Programs will include hospitality, retail studies, and food product development.

The center will house indoor and outdoor recreational spaces as well as retail and food services.

Mays Business School and the College of Agriculture and Life Sciences will be primary academic partners.

The center will be across from the Texas A&M Hotel at the intersection of Wellborn Rd.

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284-unit multifamily breaks ground at Chisholm Trail Ranch in Fort Worth

FORT WORTH (REBUSINESS) – A partnership between Titan Development and Aberg Property Co. has broken ground on The Trailhead at Chisholm Trail Ranch, a $63 million multifamily project.

The 284-unit development will be within the 625-acre Chisholm Trail Ranch master-planned community.

Studio and one-, two-, and three-bedroom units will be spread across seven buildings.

Amenities will include a pool, dog park, and a pickleball court.

HEDK Architects is designing the project. Links Construction LLC is the general contractor.

Completion is slated for first quarter 2025.

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Construction underway on mixed-income community in San Antonio

SAN ANTONIO (REBUSINESS) – The Lynd Group has broken ground on Potranco Commons, a 360-unit complex in west San Antonio.

The community will have one-, two-, and three-bedroom units ranging from 533 to 1,345 sf.

Approximately 40 percent of units will be allocated for residents earning 80 percent or less of the area median income.

Amenities include a clubhouse, fitness center, pool, outdoor grilling and dining stations, green spaces, and a DJ booth.

Construction will wrap in late 2024.

Royalton at Sunfield trades hands

BUDA (Connect CRE) – Brixton Capital has acquired the Royalton at Sunfield, a 274,000-sf multifamily complex at 2825 Main St.

The community had 300 units across 14 buildings.

Brixton will change the name to Ryze at Sunfield and add minor upgrades such as washer/dryer units, keyless entry, programmable remote thermostats, and USB ports.

SWBC was the seller.

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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 Wiley. The Texas Real Estate Research Center is part of the Division of Academic and Strategic Collaborations at Texas A&M University in College Station - the heart of the Research Valley.


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