David Weekley Homes has purchased two parcels near the Houston Farmers Market redevelopment in the Heights for a new gated community.
The 6.1 acre site is about a half a mile south of Loop 610 North. The deal consolidates a former mobile home park on 4.8 acres with a 1.3-acre parcel. The properties were purchased from the Robert Wayne Estate, which was represented by Chris Dray of NewQuest Properties. Prior to the sale, nearly 35 mobile homes on the Airline tract had to be cleared and the Nadine Street site had to be legally abandoned, according to NewQuest. The deal required one buyer for both sites. "This land was under contract in three weeks, but it took two years to close because of the complex structuring of the family ownership and boundary issues," Dray said in an announcement. Two houses at the entry to the trailer park will be demolished to make way for a gated urban community with 78 units. The Northwood lot will house a future phase. The project comes amid a flurry of activity in the area. It is just north of a 291-unit apartment complex being developed by Dallas-based Lincoln Property Co. and south of MLB Capital Partners' 17.5-acre Houston Farmers Market, which is undergoing a $10 million makeover to create an open-air market with chef stalls and a mix of vendors and gathering spaces. "This was an incredibly rare opportunity to get a tract of that size in the Heights," Dray said. "Lots of people were interested in this site. Everyone knows the redesign of the farmers market will be the catalyst that will dramatically change this area." David Weekley Homes builds urban-style homes in the Reserve at Washington and Timbergrove Village inside the northwest corner of Loop 610. The Houston-based builder is also planning the Dominion at Garden Oaks, consisting of 45 homes on on four acres just north of Pinemont and west of North Shepherd. The homebuilder operates in 20 cities across the United States.
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