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Porter - Dhanani Private Equity Group MF / Retail Plans at Grand Parkway and FM 1314

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"On May 12, the company closed on just under 30 acres of land on the northeastern corner of the Grand Parkway and FM 1314 in Porter.

The plan is to develop a 342-unit garden-style apartment complex on half of the land and sell 10 acres for commercial development. The rest is for detention.

The complex, which may be called Territory at Porter, is currently in the design phase and still needs all the necessary permits. Daredia estimates construction will start within the next 12 months."

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If eastbound 99 to southbound 59 and westbound 99 to northbound 45 ramps gets built, this type stretch of 99 would feed into Spring/The Woodlands and Humble/Kingwood/IAH employment centers very quickly. 

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