NewQuest Properties Plans $46M Apartments Near Houston

NewQuest Properties is bringing another multifamily project to Richmond, a growing municipality in Fort Bend County.

Named the Grand at Aliana II, the three-story complex will span 361,000 square feet, costing an estimated $46 million price tag, according to a filing with the Texas Department of Licensing and Regulation. The number of units wasn’t revealed, and NewQuest Properties didn’t immediately return a request for comment.

The complex will be situated at 11235 West Grand Parkway South just three miles northeast of the upscale community of Shiloh Lake Estates.

Dallas-based design firm Humphreys & Partners Architects has been tapped to lead the design. It is set to include tuck-under garages and a clubhouse. Humphreys previously completed the lux Upper Kirby high-rise Metropole in 2007 as well as Bellaire’s Highbank in 2017.

Houston-based NewQuest started construction in the area in 2019 with the Grand at Aliana, an expansive mixed-use center spanning 200,000 square feet with major tenants McDonald’s, Ulta, Ross Dress For Less and Petco. It was designed to blend retail with medical services, and Baylor St. Luke’s Medical Group is also a tenant.

The projects are targeted to serve the expanding region sandwiched between two master-planned communities, Aliana and the farm-living “agrihood” Harvest Green, on the east and west sides of the Grand Parkway, respectively.

Johnson Development’s Harvest Green began development in 2014 and just last year added 630 acres to its 1,300-acre tract. At full buildout, it is expected to house over 2,600 homes. Local company AIRIA Development Company spearheaded the construction of the $1.8 billion Aliana master-planned community, which spans 2,000 acres and includes over 4,400 residences.

Multifamily construction in Fort Bend County increased 12 percent year-over-year in 2023, according to the Fort Bend Central Appraisal District.

Also coming along is the Grand Parkway Austin Point, a massive development under construction that is expected to be Fort Bend County’s largest master-planned community. It will total 14,000 homes across 4,700 acres. Woodlands-based developer Signorelli Company is leading the community’s development.