Houston NFL Team Unveils HQ, Entertainment District Plans
Howard Hughes Holdings is partnering with the Houston Texans to develop an 83-acre sports and entertainment district in Bridgeland, the company’s 11,500-acre master-planned community in Cypress.
Dubbed the Toro District, the Houston Business Journal reports it will be located within Bridgeland Central, the master-planned community’s 925-acre urban core. Besides the Texans complex, the Toro District is designed to include retail, restaurants, hotels, entertainment, multifamily, and medical space. The two entities expect to spend $83 million on the project.
The Texans’ headquarters will span 22 acres and include an office building, indoor stadium and outdoor fields. The training facilities also will be available for youth sports and community events.
Gensler will head up the design work on the project.
Harris County Commissioners Court approved a memorandum of understanding for Toro District, which could generate $34 billion in economic impact and create 17,000 jobs over 15 years.
An estimated groundbreaking date, timeline and renderings will be provided in a few weeks.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout