Developer Working on 14th Waller Commercial, Residential Project
Finishes Solutions started work on Gracious Gardens, a 28-acre mixed-use development with apartments, high-density single-family homes, and retail, just south of Waller High School.
The Houston Business Journal reports the first phase is designed to include 220 one-to-three-bedroom apartments across 10 three-story buildings, followed by 300 single-family homes averaging 1,100 square feet each, and two retail buildings totaling 57,000 square feet facing Stokes Road. Resident amenities will include a pool and clubhouse.
The company expects the apartments to open in about a year and the entire project to be completed in two years.
Finishes Solutions has completed or is working on 14 commercial and residential projects in Waller. The company has invested more than $150 million in Waller projects, with another more than $600 million planned by 2030. Waller is a town of 2,600, about 40 minutes northwest of Houston.
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