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JakeFromStateFarm

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Posts posted by JakeFromStateFarm

  1. 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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