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Archives: January 2023

UHD opens $39M Wellness & Success Center

​​​​HOUSTON – The University of Houston-Downtown has opened its Wellness & Success Center. The 75,000-sf education facility is on the western​ edge of campus. It includes​ a three-story lobby, student lounge area, outdoor terrace, wellness suite with quiet spaces, rock-climbing wall,  demonstration kitchen, and parking garage. Fitness amenities include strength training and conditioning, personal workout areas and […]

Exxon skyscraper becoming apartment complex

​​​​​​​​HOUSTON – ExxonMobil Oil’s former headquarters, a 45-story skyscraper at 800 Bell St., is becoming a residential​ project.   Built in 1962, the 1.2 million-sf downtown tower has been vacant for nearly eight years. ExxonMobil had moved its operations to Spring in 2015.  The 606-ft tower and its nearby parking garage was sold by Shorenstein Properties at the end […]

Rockwall logistics center breaks ground

​​​​ROCKWALL – Seefried Industrial Properties and USAA Real Estate have broken ground on Rockwall Park 30, a 315,440-sf logistics center off I-30. The 23-acre site w​ill have two rear-load buildings with 32-ft clear heights, 88 dock-high doors, and four grade-level doors. KBC Advisors is leasing the development, which will deliver in the fourth quarter.  The Texas Real Estate […]

McAllen begins roadway improvement project

​​​​​​​McALLEN – The city has broken ground on the Dove Avenue Roadway and Drainage Improvement Project extending from Bentsen Rd. to 41st St. The project will inclu​de a quarter-mile, four-lane road between the east and west city limits with five-ft​ sidewalks on either side. There will also be improvements to drainage systems to reduce flooding. Designed by […]

Aledo senior housing project delivers

​​​ALEDO – Journey Capital has finished work on Harvest at Aledo, a 107-unit seniors housing project at 1043 B​ailey Ranch Rd.  The property has 87 assisted-living and memory-care units and 20 independent-living reside​nces. Amenities include an all-day bistro, personalized care plans, leisure activities, and restaurant-style dining options. Civitas Senior living will operate the community. The Texas Real Estate Research​ […]

Luxury senior housing community opens in Spring

​​​​​SPRING – Caldwell Communities has opened Cadence Creek at Gosling, a 189-unit senior housing community at 21901 Gosling Rd. The luxury community has one- and two-bedroom units ranging from 678 and 1,242 sf for adults aged 55 and older. Amenities include a swimming pool, dog park, grilling lounge, theater, and game room. Looking for more Houston-area senior living news? The […]

103-unit multifamily property swaps hands

​​ARLINGTON – Villas at the Parks, a 103-unit multifamily property at 3638 Waverly Dr., has been sold. Built in 1983, the property has one- and two-bedroom units, a pool, fitness center, and onsite laundry facilities. The Multifamily Group represented the seller and procured the buyer. The Texas Real Estate Research Center​​​​ has more multifamily news online for free: […]

$170M mixed-use development slated for Seabrook

​​SEABROOK – Seabrook Plaza, ​a $170 million mixed-use development featuring two Margaritaville-branded hotels is underway. The project will include a 100,000-​sf boutique hotel, a 120,000-sf extended-stay hotel, a 25,000-sf event center, apartment complex, 25,000 sf of retail space, and 1,200 parking spaces. The seven-story apartment community will have 260 one- and two-bedroom units.  There will be nearly 1,200 parking spaces. […]