JLB brings mid-market apartments to the Grid

StreetLevel Investments and Provident Realty Advisors master plan in Fort Bend County

JLB Partners CEO Bay Miltenberger and renderings of The Grid and the Filament

JLB Partners CEO Bay Miltenberger and renderings of The Grid and the Filament (Facebook, Experience the Grid, Filament at the Grid)

JLB Partners is filling out the Grid.

The Dallas-based firm is planning a massive apartment project, which will shape up phase four of the Grid, a mixed-use development in the Houston suburb of Stafford from StreetLevel Investments and Provident Realty Advisors.

JLB plans to build 366 apartment units across 500,000 square feet and three or four buildings, costing $55 million, or a little over $150,000 per unit, although plans filed with the Texas Department of Licensing and Regulation are subject to change. Construction on the unnamed project, at 11117 Signal Way, is expected to begin in November and be completed in the third quarter of 2025.

It is adjacent to JLB’s 362-unit mid-market apartment development called the Filament. The firm also is expected to build a third complex at the Grid, according to a development brochure.

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Dallas-based design firm Womack + Hampton Architects is attached to the project. Amenities will include a clubhouse, pool and fitness center. 

Filament is expected to open its doors next week, following a four-month delay. It will join the first two phases, luxury apartments the 1879 and ARC at the Grid. Completed in 2019 and 2021, they comprise 346 and 385 units, respectively.

Also in the mix is Target, which signed onto the mega project in March, along with national burger chains Hopdoddy and In-N-Out Burger. Other shops expected to fill the project’s 350,000 square feet of retail space include the city’s first Costco Business Center, plus Panda Express and Austin-based eatery Torchy’s Tacos. 

Spanning 192 acres, the $500 million development started construction in 2018. It’s a pivotal component in Fort Bend County’s vision of reinventing itself as a thriving center for technology and innovation. The site was once occupied by Texas Instruments’ sprawling campus that provided employment to as many as 5,000 workers. Now, it stands poised to transform the small town into a retail destination.

Read more

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Target signs on at Stafford mixed-use megaproject 
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Midway, Parkway merge for Sun Belt push
(Photo Illustration by The Real Deal with Getty)
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