Land

215 Acres - Urban Land Development Site in Houston, TX

701 Holmes Rd, Houston, TX, 77045-1001, US

Executive Summarydownload
215 Acres - Urban Land Development Site in Houston, TX_Property for Sale

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Asset description

JLL, as exclusive advisor to The University of Texas System, is pleased to offer, in all or part, the opportunity to acquire a ±215-acre urban infill, development site on Buffalo Speedway, just south of the I-610 Loop and the Texas Medical Center in Houston, Texas.

Attributes

Land area Net
215.00 acres (9,365,400 sf)

Investment highlights

Located approximately 1/3 mile from both the IH-610 Loop and US 90 (Main Street) providing excellent ingress/egress

• Bisected by Buffalo Speedway, one of Houston’s premier north/south infill thoroughfares

• Quick access to mass transit as the Property is positioned only one mile west of Houston’s METRORail Line Station

• At ± 215 acres, it is the largest development site in infill Houston and one of the largest sites in a central location in any major metro in the United States

• Located just three miles south of the Texas Medical Center, the world’s largest and fastest growing medical center

• Close proximity to NRG Stadium (home of the Houston Texans) and the rest of NRG Park

• Surrounded by new multifamily, medical, and high-density single-family developments

• Located in Harris County Improvement District #12, which not only allows for the reimbursement of certain development costs, but also provides reimbursement for recreational and parking facilities

• Pro-development regulatory and local environment with numerous incentives available

• Houston is projected to add 1.2 million new residents by 2030

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Last updated
Nov 30, 2022