Wolff Launches Beacon Hill Development on Highway 290

 

By REALTY NEWS REPORT

HOUSTON – Wolff Companies celebrated a groundbreaking event for Beacon Hill, a 521-acre development that will benefit from improvements to U.S. Highway 290.

With 4,200 feet of frontage on U.S. 290, the development will feature a business park on the 251 acres abutting the freeway with uses ranging from light industrial and distribution to office, multifamily and retail, all supported by utilities and services from the City of Waller.

Wolff, a Houston-based company led by David S. Wolff, also announced that the northernmost 270 acres of the Beacon Hill tract have been purchased by Long Lake Ltd. to develop a master-planned residential community featuring 870 houses. They will be priced from the low $200s to the mid-$400s.

In a “virtual groundbreaking” Wolff emphasized the future improvements to Highway 290, which runs northwesterly out of Houston.

Wolff’s agreement with the Texas Department of Transportation the road improvements will include:

• an off-ramp for a new 290 interchange, named Beacon Hill Boulevard, located west of FM 362;
• a mile-long U.S. 290 frontage road, connecting Beacon Hill Boulevard to James R. Muse Parkway; and
• a U-turn under U.S. 290 at James R. Muse Parkway, to aid traffic flow from Beacon Hill toward Houston

“The interchange will serve not only Beacon Hill but also the surrounding community, improving traffic mobility between FM 362 and James R. Muse Parkway,” said said Eliza Paul, Houston District Engineer for the Texas Department of Transportation of TxDOT. “It will also create a significant economic benefit, providing access to large tracts of land for development, and in turn stimulating significant future job opportunities, residential alternatives, and tax revenues to both the City of Waller and Waller County. TxDOT is glad to be a partner in the development of these access improvements with Wolff Companies, Waller County and MUD #33.”

Beacon Hill Boulevard is expected to be completed in September 2021. The construction on the interchange is expected to start in spring 2022 and be completed in 2023. The project will be funded through a public-private partnership between Wolff Companies, TXDOT and the Beacon Hill Municipal Utility District (Waller County MUD #33), with Wolff Companies providing the majority of the capital as well as the right-of-way for the project.

Wolff’s 50-Year Portfolio

Wolff, which has been developing land for 50 years, was a significant player in the emergence on the Energy Corridor along I-10 in West Houston. The firm has created a number of business parks over the years, including Brookhollow which was started before Loop 610 was complete.

The Beacon Hill  name highlights the property’s elevation of 300 feet, making it one of the highest points in the Houston metro area. It is located on the north side of U.S. 290, between FM 362 and James R. Muse Parkway.

“The availability of large tracts of land, the quality of the local school district, crucial access to utilities and improved mobility have placed Waller County in the path of growth, not unlike the opportunity we saw years ago along I-10 in The Energy Corridor,” said David S. Wolff, Chairman and President of Wolff Companies. “We expect the pace of development in the area will increase steadily now that U.S. 290 construction is complete and as we introduce new commercial sites in Beacon Hill.”

The Beacon Hill site plan designates plots for retail, light industrial, hotels, office, medical, multifamily and possibly a large-scale distribution or industrial building.

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