Cushman & Wakefield Arranges Sale of Windwater at Windmill Lakes

Cushman & Wakefield has arranged the sale of Windwater at Windmill Lakes, a 150-unit multifamily community located in the Hobby submarket of Houston, Texas.

Cushman & Wakefield’s John Carr and Ben Fuller represented the seller, Southern Breeze LLC (an organization led by Ronald and Sylvia Reine), in the transaction. The Equity, Debt & Structured Finance team at Cushman & Wakefield also arranged financing on behalf of the buyer, The Bascom Group.

“As a well-maintained property with 100% classic units and an excellent performance trend, Windwater at Windmill Lakes provides the buyer with a strong value-add opportunity on a Houston asset,” said Carr, Senior Director at Cushman & Wakefield.

Windwater at Windmill Lakes was built in 1999 and offers community amenities such as a tropical pool with beachfront entry, pool waterfall, covered parking and garages, large private patios/balconies, and a fitness center.

1,080-Acre Community to be Developed at FM 1774, Hwy. 105 in Plantersville

A 1,080-acre residential community with commercial space is in the works for the intersection of Hwy. 105 and FM 1774 in Plantersville, according to a May 2 release from NewQuest Properties, a commercial real estate firm. NewQuest Properties brokered a partnership agreement between landowner Butler Holdings Ltd. and High Meadow Development Co., which has developed High Meadow Estates in Montgomery.

The new residential community has been dubbed “The Cedars,” according to the release—a nod to its historic roots. According to the release, the tract has historically been known as The Cedars locally and was settled in the 1830s by farmers and ranchers from Arkansas and Alabama.

“This transaction provides the depth to provide single-family homes in an area destined for growth and eventually higher-end commercial development in an emerging corridor,” NewQuest Properties Vice President Joe Burke said in the release. “This is a shared vision between the Butler family, who has owned the land for more than 50 years, and the developer. Click to read more at www.communityimpact.com.

American Landmark Acquires Apartment Community in Houston

American Landmark Apartments has acquired the 293-unit H6 Apartments in Houston, Texas, and renamed it Neo at Ten. In addition to being located within the Energy Corridor, the apartments also provide easy access to the Memorial Hermann Health Systems campus and a variety of other healthcare businesses throughout the western I-10 corridor.

“This is a Class-A property in an outstanding premier business center location,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “In addition to being within walking distance or a short drive to some of the city’s largest employers, it is also close to numerous parks for families looking to spend some time outside in the suburbs of Houston.” 

The Energy Corridor contains over 26 million square feet of office space and is home to many energy sector companies, including BP America, Citgo and Shell Oil Company, to name a few. Non-energy firms like Sysco and Gulf States Toyota Distributors also have a corporate presence within the area.  

Built in 2016 and located at 14805 Grisby Road, Neo at Ten offers one- and two-bedroom floor plans ranging from 475 to 1,444 square feet. Apartments feature stainless steel appliances, European cabinetry, granite countertops, vinyl flooring, a dishwasher, walk-in closets, framed vanity mirrors, a balcony, washer and dryer, high-speed internet and a security system. On the penthouse floor, residents get upgraded amenities including white quartz countertops, Nest thermostats, 14-foot ceilings and other appointed finishes. Amenities at this upscale community include a resort-style pool, 24-hour strength training and cardio studio, bicycles and trails to ride on, a game room, a fully equipped business center and a Zen Garden. 

The property is located at the junction of Highway 6 and I-10, near numerous parks, including Terry Hersey Park, George Bush Park and Bear Creek Pioneers Park, and just a short drive to downtown Houston. 

Abel at The Allen: Abel Design Group Tapped for Houston Luxury Mixed-use Tower

When it’s complete, The Allen promises to be one of the most prestigious developments in Houston. Nestled between Downtown and River Oaks, the 35-story, mixed-use project will house 172 premier rooms in the Thompson Hotel, 19 floors of luxury condominiums in The Residences at the Allen, two restaurants, ballrooms and meeting spaces, a spa and fitness club, a one-acre elevated pool deck, and more.

“This is a world-class development that really captures everything that Houston has been yearning for,” says Taylor Alford, Director of Operations at Abel Design Group.DC Partners, which is leading the $500 million development, tasked the Houston-based firm with the challenge of designing the entire 900,000+ square feet of interior in the tower.

“The design logistics of a vertical mixed-use development are challenging, to say the least,” laughs Jeffrey Abel, the design group’s Managing Principal. Click to read more at www.rednews.com.

Howard Hughes Corp. Signs 6 New Office Leases Around The Woodlands

The Howard Hughes Corp. announced April 21 it has signed six new office leases at its properties at 9950 Woodloch Forest Tower, Two Hughes Landing in Hughes Landing and 1400 Woodloch Forest Drive, all in The Woodlands.

According to a news release, a variety of businesses have been signed at the three locations.

“Companies continue to seek out The Woodlands for the variety of office spaces that provide flexibility as businesses evolve and grow, as well as for the exceptional lifestyle valued by today’s employees,” said Jim Carman, president of the Houston region for The Howard Hughes Corp., in the release. “The Woodlands Towers, Hughes Landing and 1400 Woodloch Forest Drive offer premier locations, convenient access to Interstate 45, plus all the shopping, dining, entertainment and other urban amenities—all in a walkable, natural setting—which have helped make The Woodlands one of the top-rated communities to live in America.”