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Ivy District: Mixed-Use Development In Pearland


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  • 1 month later...

http://realtynewsreport.com/2016/05/03/beijing-developers-begin-construction-on-300-million-mixed-use-project-in-pearland/

 

HOUSTON – America Modern Green, a subsidiary of Beijing-based Modern Land China, has begun construction on a $300 million mixed-use project that will deliver office, retail, multifamily, seniors living and a hotel to Pearland, just south of Houston.

The 48-acre development, called the Ivy District, is expected to have a wide variety of commercial and residential building on-site upon completion in a few years. Ivy District will be located on Highway 288, eight miles south of the Texas Medical Center in southern Harris County.

The Ivy District is expected to include a 224-unit seniors community, 46 townhomes, more than 200,000 SF of Class A office, retail space, 335 units of rental apartments and 142 condominium units, according to the recently revised plan for the project. A hotel has been considered, but the developers will probably opt to build office space instead.

Land work for utilities and streets is underway and vertical construction is expected to begin in 2017.

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  • 9 months later...

http://www.chron.com/neighborhood/pearland/news/article/What-s-latest-on-the-proposed-Ivy-District-in-10950585.php

 

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Pearland Economic Development Corp. president Matt Buchanan said that the city is working with AMG, which is the Houston subsidiary of Modern Land of China, to ensure proper infrastructure is in place before further construction occurs.

"Obviously this area doesn't have a lot of infrastructure right now," Buchanan said of the acreage. "So, any time you undertake a project of this scale and magnitude, there's quite a bit of planning that needs to go into place to get it all put together."

Before construction can resume, the city and AMG need to create and complete zoning development agreements for needed off-site infrastructure. That would include roadways, drainage, parks and amenities in and around the site.

 

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In a statement, John Chiang, a spokeman for Sueba USA, a developer partnering with AMG on the project, echoed that the project is going through the approval process with local governments.

"In the meantime there are lots of uncertainties in the real estate market and availability of financing," he said in a statement. "It is premature to make any announcement of the project."

 

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  • 4 weeks later...

https://communityimpact.com/houston/pearland-friendswood/city-county/2017/03/17/ivy-district-pearland-gets-new-roads-pearland-city-council-approves-funding/

Can we get this moved to Going Up?

 

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The Ivy District, a 50 acre mixed-use development at Beltway 8 and Hwy. 288, is slowly becoming a reality after Pearland City Council approved of road development projects in late February.

 

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City Council approved an agreement with American Modern Green, the Ivy District developer, to extend South Spectrum Boulevard from Hwy. 288 to Kirby Drive as well as an extension of Promenade Shops Drive.

The Lower Kirby Pearland Management District and Pearland Municipal Management District No. 1, are responsible for the $5.76 million extension of South Spectrum Boulevard to Kirby. The developer will contribute $1 million to the Kirby extension. If the districts are unable to secure financing on their own, the city and the PEDC will pre-finance on behalf of the districts and be reimbursed when the districts’ tax bases are sufficient.

The extensions also include landscaping, lighting, drainage and other road infrastructure improvements. The projects are in the platting phase.

 

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  • 8 months later...
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https://www.google.com/amp/s/therealdeal.com/miami/2019/01/12/developers-settle-sec-charges-over-eb-5-funding-for-houston-area-project/amp/

 

Foreign investors seeking U.S. green cards put nearly $50 million into what was supposed to be a massive mixed-use development in a suburb of Houston.



 

But the Securities and Exchange Commission charged the developers of the Houston-area project with diverting $20.5 million to other investments in real estate.

 

In December, without admitting or denying any wrongdoing, the developers settled the SEC charges and agreed to pay a penalty plus reimbursements to investors totaling $51.4 million. None of the investors has received a green card, and none of the developments they funded has advanced to construction.

 

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  • 6 months later...
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  • The title was changed to Ivy District: Formerly Waterlight District
  • 2 months later...
  • The title was changed to Ivy District: Mixed-Use Development In Pearland
  • 1 year later...

The permit for this was issued in July 2022.  Mention from The Chron 12/1/2022

Sueba USA started construction on Ivy Lofts, a 335-unit luxury apartment community with 10,707 square feet of ground level retail space in Pearland's emerging Ivy District. The four-story property, at 1466 Ivy Park Terrace near the southwest corner of South Spectrum Boulevard and Texas 288, marks the first development from the ground up within the Ivy District, a development of America Modern Green planned for office, retail and residential components in the Lower Kirby area. Planned to open in late 2023, Ivy Lofts will have an executive center with catering kitchen, automated lockers for parcels or cold deliveries, a resort-style pool, separate lap pool, outdoor cabanas with grilling areas, 24-hour CrossFit-inspired athletic center, pet spa, net café, gourmet coffee bar. The apartments will have freeway access to both Texas 288 and South Beltway 8.

https://www.houstonchronicle.com/business/texas-inc/article/Real-estate-transactions-Houston-leasing-sales-17621140.php

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  • 2 months later...

I live right in the area:  Ivy Lofts seems to've completely stalled-out, w/ just first-level concrete columns stubbed-up.  Haven't seen any progress in at least a month.

Also maddening:  Reference to NewQuest's adjacent, proposed Pearland Development has also completely disappeared from both their website and www.lowerkirby.com .   Old .pdf can be found via a direct Google search, but this is no longer linked to NewQuest's site:   Pearland_Development.pdf (newquest.com)


So, no idea what's going on...  Kinda wish this entire plot of land would go the direction of Epic Central up in Grand Prairie:  Home - EpicCentral

Edited by txtiger
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I think they have done some re-planning and rebranding. The NewQuest's development seems to still be on, but they're now calling it "Peargrounds", and there are some new renderings. On the NewQuest site, they currently have it mapped to the wrong location along SH 35 instead of the South Freeway. Maybe I'll email them about that.

Here's a link to the property's page: https://www.newquest.com/property/peargrounds/

The brochure is here: https://www.newquest.com/pdfs/Peargrounds.pdf

I think this looks even bigger and better than before! Certainly more fleshed-out. If they continue with plan, it will be something nice.

peargrounds-wordmark.pngnewquest-peargrounds-2.png

newquest-peargrounds.png

Edited by RootHouston
reorder image
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15 hours ago, Texasota said:

Not very impressed by the siteplan, but Peargrounds might be the best name I've ever seen.

Agreed. Now we need a development in Sugarland called "SugarRush" or SugarHigh". That would be fun.

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16 hours ago, Texasota said:

Not very impressed by the siteplan, but Peargrounds might be the best name I've ever seen.

Not impressed? Why? Is it because the brochure's marketing language described it as "pedestrian oriented" and then the site plan renderings showcase about 75% of the space dedicate to surface parking lots? 

It also interestingly says that the zip code there produces ~7% of the TMC's workforce withover 86,000 vehicles a day take 288 NB (presumably with majority into TMC and Downtown.) I suppose doing anything to address that insanity with public transportation is just crazy talk. 

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Isn't this adjacent to the north of Ivy District? They show Ivy District on the site plan but faded out. Seems this could be merged with the Ivy District thread but two separate developments. 

Lot's of growth down 288 right now.

Between 610 and 8 there are new neighborhoods and warehouses going up.

Ivy Grove and Pearground south of 8.

And at 228 and 6 is the Manvel Town Center that is being anchored by a new HEB.

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  • 8 months later...

Ivy Lofts in Pearland this summer will begin leasing its 335 apartments and welcoming several retail tenants within the 42-acre Ivy District, developer Sueba USA Corp. said last week.

The one-, two- and three-bedroom apartments at 1466 Ivy Park Terrace includes 10,707 square feet of ground-level retail, with some of it expected to open this summer, said D.J. Blanchard, vice president of Houston-based Sueba USA, in a statement. The project also will have a five-level parking garage.

Sueba USA declined to disclose cost of construction. The company is working in partnership with America Modern Green, master developer of Ivy District.

The district is part of Lower Kirby, a 1,200-acre district with residential, office and retail southwest of state Route 288 and Beltway 8.

https://www.houstonchronicle.com/business/real-estate/article/pearland-ivy-lofts-district-retail-summer-2024-18644398.php

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