This Week’s Houston Deal Sheet – Beacon Hill Interchange Groundbreaking

 

Wolff Cos. and the Texas Department of Transportation broke ground on the $16M U.S. 290 Beacon Hill interchange, intended to improve access along U.S. 290 in Waller to Wolff’s Beacon Hill development.

Construction on the interchange is expected to be completed in 2024. The project is funded through a public-private partnership between Wolff and TxDOT, with Wolff providing capital as well as the right of way for the project.

According to the most recent TxDOT traffic counts, U.S. 290 at Beacon Hill saw 43,273 vehicles daily in 2021, a 10% increase over 2020 and a 14.7% increase over five years.

Hines purchased nearly 80 acres in Beacon Hill in January for a future build-to-suit project. West of Beacon Hill Boulevard and fronting U.S. 290, the Hines project can accommodate up to 1.3M SF of distribution, manufacturing or logistics space.

Long Lake Ltd. is developing a master-planned residential community on a 270-acre tract in the northernmost section of Beacon Hill. The residential subdivision now features nearly 80 of the planned 870 homes. More than 100 lots in an additional two sections will be ready for development in early 2024. At build-out, the community will feature 30 acres of green recreational spaces, including ponds, miles of paved trails and a community recreation center.

For the complete article, please go to:
https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-119432