Westward Houston Development +/- 1,464-Acre, Mixed-Use Land Comes to Market

Aug. 17, 2011 - PRLog -- 1,464.77 acres are now available for multi-use development in the undisputed path of Houston’s westward growth.  Just north of Brookshire and west of Houston, the site lays in an area of long-term population growth and job creation.  The acreage is located at the intersection of FM 529 and FM 362 in the Katy/Brookshire corridor, Waller County, Texas.  FM 362 is recognized as one of the most traveled roads in Waller County.

The property is located west of the Grand Parkway Segment E, which will connect I-10 and 290.  Segment E received construction funding approval in the Spring of 2011, with work to begin by the 4th Quarter of 2011. The construction of this 15.2-mile segment will be complete in about two and a half years, and will greatly ease congestion on Highway 290, as well as accelerate growth.

Waller County MUD No. 1 District has been created for the property to address water, sewer, drainage and roadways.  In 2007, one of the preeminent land planning companies in Houston created a land plan (https://sites.google.com/a/collierstexas.net/documents/pr...) sample for potential development of the property.  There is no zoning in this area, which will allow for flexible development.

Pricing for the subject property is below market compared to comparable listed properties, which are outlined in the offering package on the website at www.westwardhoustondevelopment.com.  A combination of emerging demand, attractive pricing and the existing entitlements in place result in this property being of particularly strong interest.

“The ideal purchaser of this property would be a master planned developer or an investor interested in a tract that is “teed up” for residential development in the center of west Houston’s growth corridor,” says Kolbe Curtice, managing partner in Fort Bend for Colliers International.  Curtice, along with Colliers colleague Charles Herder, cochairman in Houston, is representing 1446 Waller Partners, LTD in the sale.

Find out more at http://collierstexas.listinglab.com/WestwardHoustonDevelo...

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Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ- FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.