Two out-of-town developers recently closed on three tracts of land in Katy, and they plan to build about 1,000 luxury apartments in the next two to three years, a broker involved in the deals said.
A pair of recent land deals will result in more than 650 new apartments near the intersection of Interstate 10 and the Grand Parkway.
Lidl has kept a low profile in Houston since confirming plans in 2016 to enter the Texas market. The German-based discount grocer quietly secured several sites across the Lone Star State, fueling speculation about the company’s expansion here.
A 2-acre strip of land in the Heights where a tortilla factory once ran will soon be cleared to make way for a new eight-story apartment building.
Apartment hunters may see a glimmer of relief as asking rates for rentals decline for the first time since Hurricane Harvey.
The Katy area will soon be home to another industrial facility. Houston-based developer Mars Properties LLC and general contractor Houston-based LaGrone Services Ltd. broke ground Aug. 20 on High Point West.
Tim Dosch places #2 – HBJ has named this year’s Heavy Hitters, the city’s top commercial real estate brokers based on their gross dollar volume of deals completed the previous year.