Economic Development

Economic Development


Houston is an opportunity city. Regardless of where you came from, if you’re willing to work hard and pursue a dream, there truly are no limits to what can be achieved. Whether that’s putting a man on the moon or pioneering the first artificial heart transplant, anything is possible in “Houston: The City With No Limits.” If you’re considering a move to Houston, contact our economic development team today and allow us to help you reimagine the limits of what is possible – in Houston! Visit www.houston.org

LAKE HOUSTON, TEXAS
AN OVERVIEW OF RECENT ECONOMIC ACTIVITIES – June 2015
Lake Houston Area Economic Development Partnership website – http://www.lakehoustonedp.org

Development in the Lake Houston Area is classified into 7 major categories: Mixed Use Development, Medical Development, Education Development, Commercial Development, Industrial/Technology Development, Public Development and Residential Development. The following information represents just some of the development projects that have occurred in the Lake Houston Area in the past several years that have had a positive effect on the local economy.

MIXED-USE DEVELOPMENT PROJECTS

S.PA – Generation Park is currently constructing a 52-acre corporate lifestyle center unlike any other place in the world. New and current employees and residents in the area will soon have easy access to a variety of restaurants, cafes, shops and entertainment, plus more relevant services such as a child development center, healthcare, fitness, car and even pet care. The S.PA will feature a full service hotel and extended stay options and a shared, top quality auditorium for corporate presentations and meetings. Located near the FMC Technologies corporate campus headquarters, the name S.PA is an acronym for Subsea Lane Pedestrian Advantage. Here, people are the priority, not cars. It will be a destination in Northeast Houston, with the kind of urban feel that attracts employees during the day, nearby neighborhood residents at night, and families on the weekend.

Intercontinental Commerce Park – A 190 acre mixed-use project by Skymark Development Company. Early reports project that uses will include 145 acres of Light Industrial/Commercial and 42.76 acres of Commercial Retail and potentially Hotel. Updated information on construction timeline will be provided when information is released. Located along Will Clayton Pkwy and Old Humble Rd. May 2014

Kings Creek – A $1.2 billion LEED certified mixed-use condo apartment-retail development located between Sorters McClellan Rd. and South Eastex Freeway Service Rd. The development will provide 200,000 SF of commercial and retail space, 1 million SF of office space, 1000 condo apartment units, two hotels and infrastructure improvements, such as extension of Kingwood Place Dr. and expansion of Sorter Rd. from Hwy 59 to Northpark Dr. Construction scheduled to begin sometime in 2015.

Generation Park – Second largest privately owned tract of land in the Greater Houston Area. Located on the northeast corner of Beltway8/Sam Houston Tollway and W. Lake Houston Pkwy will be a 3,924 acre first-class mixed-use development with five districts serving a variety of uses. Office, Distribution Centers, Rail Served Sites, Manufacturing Centers, High Tech, R&D, Regional Medical and Corporate Campus sites are available and shovel-ready. To access more detailed information and learn more click link http://www.generationpark.com/downloads/GP_FLYER_R6.pdf

Kings Harbor – 20-acre, waterfront mixed-use office, retail and residential development located at 1660 W Lake Houston Pkwy in the Kingwood/Atascocita market in the heart of Northeast Houston. Only commercial property in the Lake Houston Area located directly on the water. Opened in 2010

The Village at Northpark – 24-acre retail center and apartment development at the corner of Northpark Dr and HWY 59 Kingwood. The new Kroger Marketplace is unique because it is a super-sized Kroger which houses a Starbucks, Ashley furniture, Fred Meyer Jewelers, appliances, home goods, fuel center and several other amenities. Opened late 2013

Townsen Landing – Land clearing has begun but no official site plan or tenants have been announced as of the end of 2014. Follow link to view a conceptual land plan of residential, multi-family, retail, and office space proposed. http://www.lakehoustonedp.org/wp-content/uploads/2014/12/121210-TownsenLanding-Land-Plan.pdf

Valley Ranch Town Center – Valley Ranch Town Center will be located on 240 acres in the north part of Valley Ranch, a 1,400-acre master-planned community in unincorporated Montgomery County, north of Kingwood. “This isn’t a neighborhood retail center with a grocery store and 200,000 to 300,000 square feet of retail,” Signorelli said. “This is a regional destination for shopping, dining and entertainment.” Broke ground April 2015

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