Julie Rivers Development plans office condos
One-story project in Katy area offers 1,200- to 6,000-square-foot offices
Julie Rivers Development has begun presales for its planned 18-acre office condo project in the Jordan Ranch master-planned community. The Katy-based firm’s development will feature 23 one-story professional or medical office buildings situated at the intersection of Jordan Ranch and Kingsland boulevards west of Katy, the Houston Business Journal reported.
The development will cost an estimated $8.8 million to build, according to a filing with the Texas Department of Licensing and Regulation.
Offices will range from $390,000 to $400,000 for 1,200 square feet, according to a LoopNet listing. That’s about $325 per square foot. Buyers will also pay an annual $2,300 community association fee, according to the developer’s website. The offices, designed in quad-plexes and quint-plexes, can be configured for up to 6,000 square feet.
A 28,000-square-foot retail development is also planned, including parking and a detention pond, on the western side of the 18-acre tract. The retail space is also flexible, with configurations ranging from 3,600 to upwards of 25,000 square feet.
Construction is expected to start in May and finish in the first quarter of 2024, listing broker Jessica Huang, who’s also listed as a manager of Julie Rivers Development told the outlet.
Houston-based M. Comeaux Architects is lead architect for the development.
Last year, the 1,400-acre Jordan Ranch community released 550 lots to homebuilders. It debuted on the midyear list of the nation’s 50 top-selling master-planned communities, ranking at No. 50 with 205 home sales in the first half of 2022, according to RCLCO.
Katy is one of the fastest-growing areas in the Greater Houston metro. The city grew nearly 9 percent between 2020 and 2021, adding 2,000 new residents, according to the U.S. Census Bureau. For the last few years, the Greater Katy area has been a hotspot for master-planned communities to accommodate its growing aging population. Houston-based homebuilder Long Lake bought a nearly 500-acre tract off-market near Bridgeland’s Prairieland Village at the corner of West and Katy Hockley to develop a master-planned community.
– Brandon Sams