This Week’s Houston Deal Sheet: Wolff Cos. Has Acquired 43 Acres Fronting U.S. Highway 290 in Waller County

 

By Christie Moffat, Bisnow

Wolff Cos. has acquired 43 acres fronting U.S. Highway 290 in Waller County, complementing the developer’s existing 521 acres that have been earmarked for the master-planned community Beacon Hill.

An aerial view of the Beacon Hill development and the additional 43 acres purchased by Wolff Cos.

The two parcels will create a 564-acre master-planned environment within the city of Waller extraterritorial jurisdiction.

“The excellent location at the four-way interchange on U.S. 290 and James R. Muse Parkway, as well as proximity to Beacon Hill and the resulting easy access to utilities make the property very attractive and allow for a variety of potential uses, including retail, light industrial and flex space,” Wolff Cos. Chairman and President David Wolff said in a statement. “We see the property as a natural extension of our Beacon Hill project.”

Beacon Hill is planned to feature a 251-acre business park with uses ranging from light industrial and distribution to office, multifamily and retail, supported by utilities and services from the city of Waller. The property has already received $8M in infrastructure investment to-date.

Long Lake is developing a master-planned residential community on the remaining northernmost 270 acres of the tract, featuring approximately 870 houses priced from the low $200s to the mid-$400s. Model homes now under construction are expected to be open in June 2021. The first residential deliveries are also anticipated for summer 2021.

For the complete article, please go to:
https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-107395