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Generation Park Office/Medical/Etc. in Northeast Harris County

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Would be great if a large university from outside of Houston partnered with these guys to make a technical school for Engineering or Medical. The north side of houston could really develop around this area and support it. 

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1 hour ago, Mr.Clean19 said:

Would be great if a large university from outside of Houston partnered with these guys to make a technical school for Engineering or Medical. The north side of houston could really develop around this area and support it. 

Herons Kingwood Marina will bring about much development in NE Houston

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https://www.bizjournals.com/houston/news/2019/10/24/first-apartments-nearly-complete-in-massive-mixed.html

 

By year’s end, residents will be able to move into a new multifamily building under construction in Generation Park, Houston-based McCord Development's 4,000-acre project in northeast Houston.



 

McCord Development President Ryan McCord said the apartment building, dubbed 255 Assay Street Luxury Apartments, is set to wrap up construction in December.

 

255 Assay was built in Redemption Square, which is already home to an office building at 250 Assay Street. The office building’s tenants include McCord, Apache Industrial Services and Global Tubing LLC. In June, Wholesome Kitchen and Wholesome Pies opened joint restaurants at 250 Assay.

 

Redemption Square is a 52-acre mixed-use district within Generation Park, which is bisected by Beltway 8 in northeast Houston. In addition to the existing office building and apartments underway, Redemption Square is expected to include hotels, restaurants, shops and more in a walkable lifestyle district.

 

McCord said that once construction is complete on 255 Assay, his company will shift its focus to developing two additional multifamily projects in Generation Park.

 

The first is another Class A apartment building that McCord said will closely resemble 255 Assay. That project is scheduled to break ground in the second quarter of 2020.

 

A third apartment building is also in the design stage, McCord said. That building will offer apartments at a lower price point as a way to capitalize on the Ikea distribution center set to open on a 117.4-acre tract the Netherlands-based furniture company purchased from McCord Development last year.

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17 minutes ago, Mr.Clean19 said:

I never saw clarity on how many jobs that IKEA factory would produce

 

It's a distribution center, not a factory.  Likely will employ less than 200 people, judging from what they employ at other distribution centers.  (See, for example:  https://www.businesswire.com/news/home/20070627005739/en/IKEA-Opens-State-of-the-Art-Distribution-Center-Savannah-Company)

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They have plans for a gym, daycare and other things in that area just to the right side of the apartments that went up. Hopefully they will get something going soon with the Marriott hotel going up.

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Great overview. The potential for this development is staggering. The owners are sticking with the plan and avoiding compromising the plan for cheap / quick gains. They are expecting another 600+ homes built between Balmoral and the Groves per year in the area. Along with Apartment, you could expect a population increase of ~25k over the next 5 years just adjacent to this property. You have a lot of good things going for this area, but like you said, the perception is that this is in the middle of nowhere. 

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It IS in the middle of nowhere. I live in Kingwood and take the beltway to Clear Lake and pass this along the way and it's pretty isolated. It probably won't be in 5-10 years but in the meantime, it's setting is pretty remote. 

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Still wish these kind of places would go for a little more architectural diversity. They are all starting to look alike.

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2 hours ago, Moore713 said:

Still wish these kind of places would go for a little more architectural diversity. They are all starting to look alike.

Clean but dullish.

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2 hours ago, Moore713 said:

Still wish these kind of places would go for a little more architectural diversity. They are all starting to look alike.

 

37 minutes ago, Twinsanity02 said:

Clean but dullish.

 

I can agree with both of these. Definitely not cutting edge and very far from bleeding edge, but its the overall goal, the vision, the mission that they are getting right. If they can get that right then cool design stuff can happen later. It would be wise for use to moderate our expectations in that way. The only thing we can do is hold them up to the standards they set for themselves. If you are going to pitch urban mixed-use cores then build them. I don't even mind if you also cater to the suburban crowd as long as it doesn't sacrifice from the overall mission.

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Houston developer buys land from Exelon to expand 4,000-acre development

https://www.bizjournals.com/houston/news/2020/05/18/mccord-generation-park-exelon-land-acquisition.html

 

Quote

 

Houston-based McCord Development Inc. purchased 201.19 acres of land to expand its 4,000-acre Generation Park development.

 

The seller was Exelon Generation Company LLC, part of Chicago-based energy provider Exelon Corp. (Nasdaq: EXC). Cushman & Wakefield brokers David Cook, Jeff Peden and Scott Miller as well as Cresa Global Inc. brokers Will Condrey, Kayla Black and Ben Sample represented Exelon, according to a press release from Cushman & Wakefield (NYSE: CWK).

 

The value of the deal was not disclosed, but the Harris County Appraisal District valued the land at nearly $3.54 million as of Jan. 1, unchanged from a year earlier. The deal closed in December, according to HCAD.

 

Expansion is limited in many directions due to parks and other natural preserves as well as the Summerwood community to the north. The additional land will allow McCord to expand the western portion of Generation Park, per the release.

 

“While most of this acquisition is for commercial use, a sizeable portion will be used for enhancing the quality of life we provide our clients by becoming part of our upcoming trail and park network connecting each region of Generation Park,” Ryan McCord, president of McCord Development, said in the release.

 

 

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51 minutes ago, Mr.Clean19 said:

I believe IKEA will be right next to that. I wonder if it is in the tax free zone next to rail?

Just a distribution warehouse right, not a full blown store?

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Correct. I think it is 160 acres. Probably about 80-100 full time jobs. Still with the amount of land they have available here, adding 250 acres adds ~10% to their land... and its on the side of the property that will be built first. This would be a fantastic place for Elon to move his HQ along with manufacturing. There is ample space and growing real estate/schools/technical resources..

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5 hours ago, Mr.Clean19 said:

Correct. I think it is 160 acres. Probably about 80-100 full time jobs. Still with the amount of land they have available here, adding 250 acres adds ~10% to their land... and its on the side of the property that will be built first. This would be a fantastic place for Elon to move his HQ along with manufacturing. There is ample space and growing real estate/schools/technical resources..

 That would be cause a development explosion  for this place

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