RIVERBEND ON CLEAR CREEK APPROVED

LEAGUE CITY, TEXAS — Englewood, Colo.-based Deerwood Development Group has received approval for the development of RiverBend on Clear Creek, a 68-acre mixed-use development located near the intersection of Interstate 45 and FM 518 in the Houston suburb of League City. The waterfront project, which is located near a wetland on the south shore of Clear Creek, has been approved for the construction of 320,000 square feet of commercial office and medical space; 50,000 square feet of retail space; a 142-room hotel and convention center; 16,000 square feet of restaurant space; and 750 multifamily residential units that include apartments, townhomes, condominiums, and lofts above the retail and office space. RiverBend on Clear Creek will also feature an 80-slip, public/private marina, as well as nature trails that pass through the undisturbed wetlands on the property. Deerwood has selected Texcor Construction Services to perform mass grading on the site, which the company began in July.