Hoque Global’s Plan for New 270-Acre Mixed-Use Development in South Dallas

Dallas-based Hoque Global announced its newest property under development: the 270-acre University Hills project near the intersection of I-20 and Lancaster Road, and only a short drive from The University of North Texas at Dallas.

Collectively with the city of Dallas and other community stakeholders, Hoque Global plans to transform the undeveloped land into a large-scale mixed-use community. Surrounding a large town center, University Hills plans hundreds of single-family homes, 1,500 multifamily units, millions of square feet of commercial space, and more than 50 acres of green space.

According to a release, Hoque Global makes it a point to place a special focus on investing and developing in projects that benefit underserved communities. In adhering to this mission, this newest development plan in southern Dallas would not only be one of the first in the area, but also has the potential to encourage future growth, says Mike Hoque, CEO of Hoque Global. Click to read more at www.dmagazine.com.

American Landmark Expands Presence in Texas

American Landmark Apartments has acquired Broadway Chapter Apartments, a 242-unit apartment community located in the Near Southside submarket of Fort Worth.

Built in 2021 and located at 401 Hemphill Street, Broadway Chapter offers studios, lofts and one- and two-bedroom floorplans ranging from 547 to 1,195 square feet. Apartments feature stainless steel appliances, wood-style plank flooring, full-size washer and dryer, walk-in closets with custom shelving, oversized windows, a keyless fob entry system, private balconies and 20-foot ceilings in lofts. This work-friendly community also provides a wide range of amenities, including a resident lounge with a coffee bar, library, Zoom room, fitness center with pelotons, infinity-edge pool with in-pool loungers, sun deck and fire pit.

Along with being situated in Fort Worth’s Southside Medical hub, the property is located between I-30 and I-35 and just a five-minute drive to Magnolia Avenue, where residents can find local restaurants, bars and breweries.

Bill McKeon: Investing in Education Key to Advancing Houston’s Life Sciences Ecosystem

As industry leaders work to advance Houston’s life sciences ecosystem, investing in education will be critical to its success, according to Bill McKeon, President and CEO of the Texas Medical Center.

McKeon discussed how Houston has positioned itself as the “Third Coast” for life sciences and how leaders are working to strengthen the region’s ecosystem during the latest installment of the Partnership’s Why Houston webinar series.

“It took Boston 20 years to establish what they have today,” McKeon said as he discussed the progress on the construction of TMC3. The transformational research hub will serve as a life sciences cluster for leading researchers and industry experts.

McKeon said TMC3 project leaders have spent time in Boston to learn about its life sciences hub and learn from their initial mistakes. One of the takeaways was to invest in retail and green space from inception, McKeon said.

“We’re putting hundreds and millions of dollars into those parks, into our retail where anyone in economics would say, ‘Don’t do that. You’re not going to see the return. You’re going to lose it.’ It’s about investing in the community just like city has made such great investments in our parks through our great philanthropy,” McKeon said. Click to read more at www.houston.org.

Friedman Secures Lease with The Grand Music School, LLC in Richmond

Friedman Real Estate recently leased the retail space located at the Long Meadow Plaza in Richmond.

Friedman’s Larson Riff advised the tenant in the transaction. Larson is a native Houstonian with a passion for real estate. His focus is on landlord/tenant representation, land acquisition, and investment sales.

Retail Envy: Houston Leads Country in Retail Absorption

Houston’s retail market is the envy of the country as demand continues to rise.

In 2021, Texas’ largest city ranked No. 1 on CoStar’s ranking for retail space
absorption and vacancy is hovering around 6 percent.

“There is more demand for space than supply and the cost of construction will keep that imbalance in place for the foreseeable future,” says Lilly Golden, President and Founder of Evergreen Commercial Realty.

She adds that she’s aware of several large box vacancies that have 3 or 4 users competing for the same space.

“Big box retailers, both high-end and low-end, are focused on expanding in Texas right now,” Golden says.

“We are seeing restaurants and entertainment tenants from other states
and countries flocking to Texas, and specifically Houston,” says Eric Lestin,
Managing Director-Retail Lead at Cushman & Wakefield. Click to read more at www.rednews.com.

Colliers Sells ±9.29 Acres in Northwest Houston on Cossey Road

Houston, June 10, 2022 – Colliers is pleased to announce the sale of ±9.29 acres located on Cossey Road in Houston, Texas. The buyer, Three Diamond Capital Holdings LLC, was represented by Jack Gaffney and Dylan Schopper of Finial Group Houston LLC. Tom Condon, Jr. of Colliers represented the seller, David & Melanie Talley, in the transaction.

The subject property is situated along Cossey Road in Northwest Houston just east of the Tomball Parkway. It is in close proximity to the large residential areas of Charterwood, Gleannloch Farms and The Vintage. Three Diamond Capital Holdings purchased the land as an investment property and plans to develop in the future.

For further information please contact:
Tom Condon, Jr. | Principal, The Woodlands
+1 713 830 4007 | tom.condon.jr@colliers.com