News & Articles


Posts from May 2011

Top 10 Selling Master-Planned Communities

Posted on May 27, 2011 in

By Jeffrey Spivak, UrbanLand

Residential sales in top-performing master-planned communities began to rebound in 2010, reversing a severe decline that began in 2006. According to Robert Charles Lesser & Co., which surveys these communities every year, the top 10-selling communities sold more than 7,000 units last year. That was slightly above 2009’s level but still far below 2005’s peak, when more than 22,000 homes were sold. 

Master-planned communities are large-scale developments featuring a range of housing styles and prices, plus a mixture of non-residential land uses such as retail shopping, schools and offices, providing full-service environments in which to live, work and play. Some communities target specific buyers such as older adults, while other developments target a wider range of demographic and market segments. 

As usual, the top-selling master-planned communities were clustered in the Sunbelt, and two development firms – Newland Communities and Focus Property Group – each had two communities represented in 2010’s Top 10.

For ULI members in the residential industry, the 2010 survey, published this spring, offers a snapshot of master-planned development trends going forward. First, the vast majority of survey respondents – 85 percent – believe community home sales will continue marching upward in 2011, albeit only moderately. Second, community developers are still adjusting product lines – such as town centers, green building and smaller lots – to enhance their market capture.

Here are the Top 10 master-planned communities in terms of 2010 sales:

chart

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On a side note - please take note that 32.74% of the Top 10 Sales are in Houston Texas.


http://urbanland.uli.org/Articles/2011/May/SpivakTop10MasterPlan

1400 West Beltway 8

Posted on May 02, 2011 in

This week’s Property of the Week is a flex space located at 1400 W. Sam Houston Parkway

1400

Some information on the building.

• 1 space available - 2,500 SF

• 1 Grade Level Door

• 12’ Clear Height

• Security Lighting/ Fence

• Concrete tilt-wall construction

• Has great visibility and access to the Sam Houston Tollway

• Excellent location near the dynamic Energy Corridor in West Houston, Beltway 8 & Hazelhurst

• The property has frontage on Beltway 8, less than one mile north of Interstate 10


For information on this week’s property, please call Jack Savery at 713.523.2929