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Kings Creek: Mixed-Use Development In Kingwood


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Kings Creek:

"A $1.2 billion LEED certified mixed-use condo apartment-retail development located along the tract of land along highway 59 South Frontage Road, situated between Sorter McClellan Rd and South Eastex Freeway Service Rd. The development will provide 200,000 square feet of commercial and retail space, 1 million square feet of office space, 1000 condo apartment units, two hotels and infrastructure improvements, such as an extension of kingwood Place Drive and expansion of Sorters Rd from highway 59 to North Park Drive. Construction scheduled to begin late summer 2014."

The Site:

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http://www.lakehoustonedp.org/wp-content/uploads/2014/06/Overview-of-Economic-Activities-6-2014.pdf

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Like I said in the other thread, the follow-on from Grand Parkway making it to 59 will be interesting to see.  The odds that both Kingwood Parc and Valley Ranch get built seem pretty long, this seems like the third guy grabbing for that same bit of value. 

 

Maybe there is room for more, I hope so. 

 

Interesting to see that they are indicating KW drive to be widened. I thought that got shot down recently. 

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Well Valley Ranch Town Center is already under-construction and Kingwood Parcs site is now being cleared. These development seem to be promising to the area, my confidence for this one is solid as to happening.

 

That's encouraging. After the rollout of the KP deal, I had not heard anything and last time I drove by noted no activity. I had no idea VR was as far along as it was.  All good stuff, except perhaps in what it portends for my commute. 

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Miami coming to Kingwood:

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A rendering features apartments that will be constructed in Kings Creek in Kingwood area north of Deerbrook Mall.

Plans are under way to break ground on the $1.2 billion Kings Creek project by David Development.

It will include 1 million square feet of Class A office space, a sustainable park with 1.5 miles of hike-and-bike trails with water features throughout, outdoor fitness areas, more than 150,000 square feet of retail space, two hotels and 1,000 condominium units.

"This is a prime location because it's north of Deerbrook Mall and contiguous with Kingwood Medical Center; and you don't have any shopping on the west side. Kingwood in that area is starting to fill in and develop," said David McCarble, principal for David Development. "The entire project will be the first LEED-certified sustainable master-plan development in Houston, as far as I know."

http://www.chron.com/neighborhood/kingwood/news/article/Kings-Creek-to-have-top-location-design-5654608.php

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Dropping a billion dollars right there is almost hard to picture, but I'm looking forward to it should it come to pass, again absent the implications to traffic around my home.   

 

Still no activity on the Kingwood Parc development, but folks are clearly lining up options to go long on the area after the Grand Parkway opens up. Deerbrook Mall isn't all the way to sketchy yet, but I do think that a development like this would do Deerbrook more favors than Deerbrook would do for it.

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You folks seem to be pretty uninformed and pessimistic. I would paste links for PDF flyers, which contain phone and email numbers for the developers and brokers at Kingwood Parc and Kings Creek, but the forum doesn't allow pasting. Apparently you also are very uninformed and ignorant of the demographic and residential demand shifts which have and are taking place across America, and even in and around the Houston area. The lifestyle center/mixed use style of development is in extremely high demand in this country and increasingly in texas and specifically Houston area. Especially in exurban areas such as the lake Houston area that lack any type of mixed or more dense, walkable commercial/residential development. Perhaps you are unaware of the future demographic trends that will take place going forward in the U.S. Millenials are the largest population cohort in America since the baby boomers. They along with aging baby boomers, esp. empty nesters, greatly desire precisely these types of developments. These two developments along with Generation Park (which just added the world hq of FMC technologies, which will bring 1800 employees in its first year along wiht more every year after that as they consolidate all 10 of their current Houston facilities to one single campus in gen park) will bring this area into the 21st century of best practices and demand for real estate. They can be built in the innercity, but exurban places such as kingwood, humble, atascocita, summercreek, etc NEED these types of developments in order to stay relevant and retain and attract residents. In addition, Kings Creek will be (to my knowledge) will be the first LEED certified development in Houston. Which is not only significant for attracting young, high earning talent working in booming oil, gas, healthcare and tech industries, but is good for the pocket book of residents and tenants, and is environmentally sustainable and conscious. Its 2014 fellas. If you travel around to other parts of the country (which based on your views of this particular development, you do not) you would know that this type of development represents the most profitable, and best land use practices. For example, One acre of mixed use, mid-rise development (in property tax alone) is the same or greater than 55.5 acres of large mall and/or big box centers. In addition, it demands higher commercial rents for tenants. Also, it is walkable and bikeable, which creates extremely high potential to actually decrease the amount of vehicle trips per day by residents and users.

 

Peace.

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Oh the irony.

 

Welcome to the forum.

 

JakeFromStateFarm, on 01 Aug 2014 - 12:57 PM, said:snapback.png

You folks seem to be pretty uninformed.

 

In addition, Kings Creek will be (to my knowledge) will be the first LEED certified development in Houston.

he was close...

http://www.downtownhouston.org/site_media/uploads/attachments/2013-04-29/DT_LEED_and_Energy_Star_Projects.pdf

 

He was only off by 47 buildings... (in downtown Houston)

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Crazy, I tell you.

 

I did notice a bunch of land that was cleared off further south of this site, between the Target and the river unless my memory is failing me. 

 

As suburbs go, the transit times to downtown are getting close to unmanageable even for bus riders, except up 59. I see the powers that be are seeking to kill off the remaining decent commute.

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I did notice a bunch of land that was cleared off further south of this site, between the Target and the river unless my memory is failing me.

That clearing is for a Costco that should be open late this year. As for Kings Creek, I haven't seen any dirt being turned just yet. I live across the freeway from this so I'll keep an eye on it.

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Crazy, I tell you.

I did notice a bunch of land that was cleared off further south of this site, between the Target and the river unless my memory is failing me.

As suburbs go, the transit times to downtown are getting close to unmanageable even for bus riders, except up 59. I see the powers that be are seeking to kill off the remaining decent commute.

Have't seen renderings yet but heres an overview:

b5Y3P9N.jpg

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