There’s more work to be done before CJ Development’s proposed $125 million mixed-use development in League City gets underway.
The necessary permits for the development, dubbed The League, have yet to be secured. Partner Johnny Vassallo said the firm purchased the first 23 acres a couple of months ago and has another 21 acres under contract. Still, he told the Houston Business Journal that he hopes to break ground in about a year.
But League City’s economic director, Scott Livingston, declined to comment on the proposed development, telling HBJ that all he knows about the project is what he’s learned from news reports.
What’s more, although the city has been generous in offering Chapter 380 incentives for developers, no such agreement has been discussed for The League, Vassallo said, and added that he would be open in those conversations.
Just recently the city agreed to $14 million in incentives for the 70-acre Riverview at Clear Creek with Clear Creek Point LP — a partnership between New York City-based WB Property Group and Dallas-based Atticus Real Estate.
Read more
Development
Houston
The Bayou City’s latest ‘destination development’ to drop in 2024
Development
Houston
Long-awaited mixed-use development to finally touch down in small astronaut town
The League would span 44 acres directly across from Clear Creek High School on FM 518. CJ reportedly wants to build the development in five phases, beginning with two of the apartment/retail buildings and the clubhouse.
The plans call for a walkable, mixed-use district with five six-story buildings — retail and restaurants on the ground levels and residential units on top. There would also be a clubhouse with a pool, detention ponds and duplexes and fourplexes totaling 120 townhome units.
The development would sit between two existing apartment complexes, Huntcliff Apartments and Harbor Walk Apartments. So, there would be plenty of potential clientele for The League’s commercial tenants, assuming the project moves forward as planned.
In March, the Houston-based company was making deals. It bought 5.22 acres in Houston’s Independent Heights and then sold 16 acres along the Grand Parkway south of the Westpark Tollway to Camden Property Trust.
— Maddy Sperling