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Mixed Use Development by Moody National at 9655 Katy Frwy

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http://www.chron.com/business/real-estate/article/Moody-National-buys-prime-Memorial-tract-for-7506279.php

 

Moody National Cos. has purchased a vintage apartment complex on a prime site in the Memorial area for a future development.

 

The Houston-based company has purchased Le Renaissance apartments on 4.5 acres at 970 Bunker Hill Road, just south of Interstate 10, according to commercial real estate firm Transwestern. The company will operate the 164-unit complex in the short-term, but eventually plans a mixed-use development with office and retail space on the site.

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I'm surprised Metronational didn't purchase this property to expand their mixed use development across Bunker Hill. I think ther they already own the long vacant Toys-R-Us property next door.

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1 hour ago, Moore713 said:

Feel like a lot of developers gear up for next cycle 

 

I'm getting the same hunch

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11 hours ago, Fortune said:

I'm surprised Metronational didn't purchase this property to expand their mixed use development across Bunker Hill. I think ther they already own the long vacant Toys-R-Us property next door.

I was thinking that Moody had secured this property... 

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Still not sure if this was topic was posted anywhere else, but there was a backhoe on site yesterday tearing up the old Toys R Us parking lot. 

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3 minutes ago, Urbannizer said:

Found it, merged


Thank you, you're a wizard Urb!

It looks like this site (Toys R Us) is adjacent to their original plan where the apartments are currently located. Possibly a phase I with phase II to follow at the original location? 

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2 hours ago, BigFootsSocks said:

This has started construction.

 

You sure? I thought i saw them renovating the old apartments and painting / freshening up the exterior....

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1 hour ago, Avossos said:

 

You sure? I thought i saw them renovating the old apartments and painting / freshening up the exterior....

Renovating? The demolished the whole strip center/old toys R us. They are demoing an old motel one lot over as well so something else might come up near it later. 

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4 hours ago, Avossos said:

 

You sure? I thought i saw them renovating the old apartments and painting / freshening up the exterior....

This is where the old toys R Us was right? They had renderings of this on the fence around it when they were demoing it and if you take the on ramp to I-10 from Bunker Hill headed East you can see they’re doing some pretty heavy foundation work.

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