Fidelis Realty Partners has expanded its Houston-area holdings with the acquisition of 33 acres in northeastern Harris County from Castle Hill Partners.
The Houston-based buyer plans to develop the site into a large shopping center that will offer essential retail services to the expanding community within Castle Hills’ The Trails, a nearly 1,400-acre development in New Caney, featuring homesites, nature trails and outdoor recreation, the Houston Business Journal reported.
Fidelis has not shared details for the retail development, but the firm, headed by managing principal and CEO Alan Hassenflu, is known for its retail centers, such as the 336 Marketplace in Grand Central Park and The Market in Willis.
The Trails started construction last year. More than 150 homes have been completed or are under construction in the first phase, which will include 254 homes by builders including Chesmar Homes, Lennar and Coventry Homes.
Prices for homes in the first phase range from $300,000 to $600,000, for 1,400 to 3,800 square feet.
Due to the community’s proximity to the Lake Houston Wilderness Park, residents will have access to hiking, fishing and kayaking. A pool, splash pad and event lawn is also in the works.
Castle Hill Partners, a seasoned developer with experience in large-scale master-planned communities like Pine Mill Ranch and Trinity Falls, acquired the land for The Trails in 2013. The development has become a sought-after location due to the opening of Segment H of the Grand Parkway in 2022, which has spurred investment in the area.
Other major developments nearby, including Megatel Homes’ Saint Tropez and Windy Hill Development’s Freedom Trail, are contributing to the growth of the northeast Houston market.
— Andrew Terrell
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