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August 24, 2023

17-story hotel planned for parking lot near Minute Maid Park

Plus: Fluor's Sugar Land campus could become 53-acre mixed-use project

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Prime Property
The shared lobby of Neway Hospitality's dual branded Holiday Inn Express and Staybridge Suites at 1319 Texas Ave. is on the fifth floor.

Photo by: Neway Hospitality / MCS Architects

Hotel with grocery store planned near Minute Maid Park

Downtown is getting a new 17-story hotel that will have a small grocery store on the ground floor.

Sugar Land-based Neway Hospitality plans to start construction on a 275-room hotel under the Holiday Inn Express and Staybridge Suites brands on the corner of Texas Avenue and Austin Street by the end of September.

"There's a lack of grocery store options in this part of downtown," said Ali Momin, president of Neway Hospitality. "This valuable addition to the downtown area perfectly complements the surrounding community and the extended stay Staybridge Suite Hotel situated at our location."

The hotel will be built on a 20,000-square-foot parcel that is currently the site of a 55-space surface parking lot. The first four levels will have a parking garage, available to both guest and the general public going to Astros games or dinner downtown, according to Momin. The development will incorporate 10 fast EV charging stations on Texas Avenue and in the parking garage.

Photo of Katherine Feser

Katherine Feser, Real estate reporter

katherine.feser@houstonchronicle.com

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Residential

18740 Palm Beach Blvd, Conroe,TX 77356

Photo by: Houston Association Of Realtors

DeMontrond house highlights Houston's expensive homes sold in July

The most expensive homes sold during July in Houston feature several new or recently built homes and a midcentury classic in Tanglewood that had been owned by the DeMontrond family.

This River Oaks French-style mansion sold for over $10 million after being on the market for just a few days in March, according to HAR data.The new owners plan to significantly renovate the 1990s-era mansion. 

Photo by: Houston Association Of Realtors

Houston attracting more 'ultraluxury' homebuyers paying $10M+

Historically it was rare to see several homes trading above $10 million in Houston, but that's starting to change, according to Houston Association of Realtors and Compass Real Estate data.

Two Step Farm is being developed by Oxland Group and feature hundreds of new homes, a dance hall, general store and will embrace nature and farming. 

Photo by: Courtesy Photo

New development features dance hall, general store on 1,800 acres

New master-planned community Two Step Farm is coming to Montgomery County and will bring country flair, complete with a dance hall, country store and goats for land clearing.

The Houston home of Bruce and Suzanne Winfrey.

Photo by: Kerry Kirk

New 6,500 square-foot River Oaks home features French country style, salvaged antique materials

Bruce and Suzanne Winfrey finally built their dream home, using a France-based architect and three containers of architectural antiques such as reclaimed wood and stone, plus lighting and fireplace surrounds.


Commercial

A conceptual rendering of Lake Pointe Plaza, a 53-acre mixed-use project in Sugar Land proposed on the former Fluor office campus. 

Photo by: Planned Community Developer

Fluor's Sugar Land campus could become 53-acre mixed-use project

Developer of Sugar Land Town Square and Lake Point Village Center envisions transforming the complex into a destination overlooking Brooks Lake.

KwiKool Portable Cooling Systems makes portable air conditioners on wheels at its Stafford headquarters.

Photo by: Katherine Feser / Houston Chronicle

Portable air-conditioning company outgrows Stafford headquarters as business heats up

While the thought of a portable A/C unit might appeal to homeowners, KwiKool's units are available for sale or rent for commercial or business use.

Claymoore Business Park is part of Lovett Industrial's strategy to buy income-producing industrial properties in sought-after locations even as it continues to build new ground-up developments across Houston and nationally.

Photo by: Lovett Industrial

Lovett Industrial scoops up large portfolio in NW Houston

Lovett Industrial is launching a property management division after acquiring a 1.39 million-square-foot industrial portfolio in northwest Houston earlier this year.

Millar, Inc. opened its new 56,000-square-foot facility in Pearland on Tuesday.

Photo by: Courtesy Of Millar, Inc.

Medical manufacturer moves headquarters from Houston to Pearland, with new $13M facility

Medical device manufacturing company opens its new $13 million headquarter facility in Pearland on Tuesday.

H-E-B Meyerland Market will open on Wednesday, fulfilling its promise to return to a neighborhood devastated by repeated flooding. The grocery store, which replaces one that flooded three times in as many years, features the San Antonio chain's largest kosher section to serve the hard-hit Jewish community in Meyerland. Exterior view of the store on Tuesday, Jan. 28, 2020, in Houston.

Photo by: Marie D. De Jesús, Houston Chronicle / Staff Photographer

H-E-B-anchored Meyerland Plaza hits the market

The center is 88 percent leased as several spaces vacated by struggling retailers have filled with new tenants such as Dick's Sporting Goods and Joann fabric and craft store.


Real estate transactions

CityStreet Residential Partners has acquired the Stone Oak Ranch RV Resort at 25101 Ronald Reagan Blvd. in Georgetown. The recently developed property will be expanded and rebranded as Jetstream RV Resort – Stone Oak Ranch. 

Photo by: Austin Real Estate Photography

Houston apartment developer acquires RV resort near Austin

See the latest sales, leasing and brokerage activity in the Houston area.

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