A Houston-based developer has proposed a $350 million mixed-use development for Pearland’s Lower Kirby District.
NewQuest Properties is in talks with city officials about a 93-acre development with retail, restaurants, apartments, a hotel, sports and entertainment, the Houston Business Journal reported. Plans call for the development to rise at the intersection of State Highway 288 and Beltway 8.
NewQuest first proposed the development back in March. Matt Buchanan, president of the Pearland Economic Development Corp. said he expects NewQuest to submit a planned unit development request to the City Council some time next year.
The proposed development site is immediately south of the Bass Pro Shops and across South Spectrum Boulevard from Sueba USA’s recently started Ivy Lofts, a four-story complex with 335 apartments and 10,700 square feet of retail. America Modern Green is the developer behind the project at 1466 Ivy Park Terrace.
NewQuest’s preliminary plans call for three apartment complexes, a hotel with a conference center, an entertainment complex and several retail sections. There will also be a boardwalk built along the existing detention pond on the land.
The proposed site is adjacent to where the City of Pearland plans to build a $53.7 million, 181,500-square-foot indoor sports center with basketball and volleyball courts, batting cages, climbing walls and multipurpose fields. The city estimates that the sports complex being located next to NewQuest’s development will attract more than 95,000 non-local visitors each year and generate $21.8 million in annual spending by the development’s fifth year.
“The area has seen growth ever since the city annexed the area and started extending utilities,” Buchanan told the outlet. “And now we’re just able to continue to see more growth here in the coming years.”
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Houston
New development would quintuple the population of this tiny Texas village
— Victoria Pruitt