HUMBLE, TEXAS — Local developer Reign Enterprise Inc. will build a 14,350-square-foot, multi-tenant retail center on Will Clayton Parkway in the northern Houston suburb of Humble. Adam McAlpine of McAlpine Interests represented Reign Enterprise in the acquisition of the 1.7 acres on which the property will be built. Tom Condon Jr. of Colliers International represented the seller. A timeline for construction was not disclosed.
KATY, TEXAS — Developers KBH Ventures and Houston-based KDW have unveiled plans for Katy Boardwalk District, a mixed-use project on the western outskirts of Houston. The master development calls for a full-service conference center hotel with at least 300 rooms, a 319-unit residential community, 155,000 square feet of retail and restaurant space and 60,000 square feet of Class A office space. Construction of the hotel is expected to begin in fall 2019 while construction of the residential component is slated to begin in January and wrap by spring 2020. Construction of the retail phase is scheduled to begin in late 2019.
ALLEN, TEXAS — Texas-based Thakkar Developers, in partnership with CricRealty Co., will develop a 15,000-seat cricket stadium and 80-acre mixed-use development in Allen, a northeastern suburb of Dallas. The project, which has been branded Allen Sports Village, will deliver 500,000 square feet of Class A office space, 1,000 residential units, 165,000 square feet of retail and restaurant space, an event center and two hotels. The stadium will also be used for other sporting events and concerts. Construction is expected to begin in 2019. The first phase, which includes the stadium, is slated for a 2021 completion.
KILLEEN, TEXAS — Austin-based Muskin Commercial LLC has brokered the sale of River Oaks Apartments, a 228-unit multifamily community in Killeen, about 65 miles north of Austin. Muskin Commercial represented the seller, 101 S. Twin Creek LLC, which acquired the asset in 2015 and upgraded the unit interiors and amenity spaces. Rich Heine of Southwest Investment Properties represented the buyer, California-based Redford Park LLC, in the transaction.
CEDAR PARK, TEXAS — Retail development and management firm The Woodmont Co. has begun work on a 13,500-square-foot project for Kiddie Academy in the northern Austin metro of Cedar Park. The project will convert an existing structure into a full-time childcare center for younger children that will include summer camps. The opening is slated for March 2019.
AUSTIN, TEXAS — Local artist and designer Lauren Cunningham will open The Commune, a 3,600-square-foot creative office space in central Austin. Set to open in February 2019, the space will be housed in an abandoned building at 101 E. North Loop Blvd. Individual features will include seven private studios, 10 dedicated desks and shared workspace.
KATY, TEXAS — Hines has sold 150 acres in the western Houston suburb of Katy to Costco Wholesale Corp., which will develop a large-format distribution center, according to local media reports and a press release from the Houston-based real estate giant. Andy Sowell and Bo Pettit of Boyd Commercial represented Hines in the sale of the tract, which is known as Pintail Business Park. A timeline for construction has not been reported or disclosed.
PLANO, TEXAS — High Street Residential, a subsidiary of Trammell Crow Co., has completed The Kincaid at Legacy, a 25-story apartment tower in the northeastern Dallas suburb of Plano. The property totals 300 units in one-, two- and three-bedroom layouts ranging in size from 677 to 4,500 square feet. Amenities include a pool, fitness center, lounge with a media screening room, entertainment kitchen, conference room, outdoor grilling areas and a business center. ZRS Management LLC is handling leasing and management of the project.
MESQUITE, TEXAS — Centurion American Development Group will develop Iron Horse Village, a mixed-use project in the eastern Dallas suburb of Mesquite that is valued at more than $116.5 million. Iron Horse Village will consist of 336 single-family homes and a combined 130,000 square feet of restaurant, retail and office space. Construction is expected to begin in April or May of 2019.
THE WOODLANDS, TEXAS — Arena Energy, a privately held oil and gas firm, has signed an 87,231-square-foot office lease at Hughes Landing in The Woodlands, about 30 miles north of Houston. The Class A space will be situated on 13 acres and will serve as the company’s new headquarters. Arena Energy is aiming to begin occupying the space in September 2019.