HOUSTON – Texas A&M Regents have approved the construction of a $200 million space institute to be built next to NASA’s Johnson Space Center. The facility will be constructed with funds appropriated by the Texas Legislature earlier this year from House Bill 3447. A&M officials plan to bid on access to 32 acres along Saturn Lane, adjacent to […]
Archives: August 2023
Bayport Terminal Expansion Project's Wharf 6 completed
HOUSTON – Port Houston has completed Wharf 6 of its Bayport Container Terminal Expansion Project. According to a press release from Port Houston, the Port has seen double-digit cargo growth year over year. “This new wharf will enable the Port to keep up with the new growth and demand and help reduce supply chain congestion […]
Texas investing record $142B in transportation infrastructure
AUSTIN – Governor Greg Abbott yesterday announced a record $142 billion in total investment for Texas’ transportation infrastructure. The investment includes the unanimous adoption of the $100 billion ten-year statewide roadway construction plan with the Texas Department of Transportation (TxDOT) for transportation projects to enhance safety, improve congestion and connectivity, and preserve Texas roadways. This is a $25 […]
Medical device manufacturer unveils new headquarters in Lower Kirby District
PEARLAND – Millar Inc., which makes medical devices, has opened its new headquarters at 11950 N. Spectrum Blvd. Clay Development and Construction delivered the 56,000-sf research and development, manufacturing, and warehousing facility this month after breaking ground in April 2022. Millar has since moved some of its departments into the building. Plans are to move […]
$120M, 230K-sf sports and entertainment venue set to open in Rosenberg
ROSENBERG – The Fort Bend County Epicenter, a $120 million, 230,000-sf sports and entertainment venue, will open at 28505 Southwest Fwy. later this month. The multipurpose venue has a fixed-seating capacity of 8,600 that can be raised to 10,000 with floor seating and can be configured to accommodate six basketball courts or 12 volleyball courts. […]
Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
Some Highlights With ongoing high inflation pushing up everyday costs, some people are worried that’ll create a flood of foreclosures. Here’s why that’s unlikely. Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments. Since most are […]
OnePointe adds 18k sf to Elgin facility, plans to add jobs
ELGIN – OnePointe Solutions LLC is putting the finishing touches on an 18,000-sf addition to its 45,000-sf building at 1112 Swenson Blvd. The expansion will give the facility more truck ports for deliveries, testing space to develop new products, and capacity to add 117 employees, quickly becoming one of the largest employers in Elgin. The city signed […]
109-unit Corpus Christi apartment complex sold
CORPUS CHRISTI – Sparkle Asset Management has sold Coral Cay Apartments, a 109-unit multifamily property, to SPV Property Management. Built in 1970, the property at 1234 Nile Dr. has an average unit size of 955 sf and was 97 percent occupied at the time of sale. Northmarq brokered the sale. read more…
200,000-sf mass-timber office building being developed in east Houston
HOUSTON – Hicks Ventures is developing Framework @ Block 10, a 200,000-sf, mass-timber office building. The building will have a premium HVAC system with 100 percent outside air intake and energy recovery, onsite photo-voltaic electrical generation, green balconies, a solar envelope and the ability to harvest rainwater for plumbing purposes. Gensler designed the six-story project, […]
Mixed-use project picks up steam at former World's Fair site
SAN ANTONIO – Three projects key to the redevelopment of Hemisfair have been given the green light, ushering in a new era for the former World’s Fair site. Hemisfair Park Area Redevelopment Corp. (HPARC), the entity overseeing Hemisfair’s transformation, announced the development agreements it struck with Zachry Hospitality, Post Lake Capital Partners, and AREA Real […]