Houston’s retail market has continued to post record-high performance numbers in 2017, in-part because of the rooftops and master-planned communities underway in west Houston, a new report states.
Projects such as Newland Communities’ Elyson, which sits on 3,600 acres near the Grand Parkway and FM 529 and will eventually add more than 6,000 homesto west Houston, have helped Houston retail maintain its more than 94 percent occupancy level since 2014, according to a March 2017 report from Houston-based NAI Partners. The report also cites Harvest Green, a new master-planned community anchored by a working farm. The project, which is being developed by Johnson Development Corp., will eventually offer up to 2,000 homes.
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