The Beijing-based developers who plan to build a mixed-use project on the site west of Texas 288 and south of Beltway 8 hope to bring a new lifestyle to Pearland as well.
Modern Green Development, one of the largest developers in China, chose the 48-acre site as its first site in the United States. Its project, called the Ivy District, was approved in July by the Planning and Zoning Commission. The plan still needs approval from the Pearland City Council before it can move forward, said Kevin Cole, the company’s Vice President for Development.
The plan, still in its early stages, will include:
- 150-room hotel and conference center
- Community center
- 1,150 residential units (400 rental units)
- Total investment: $300 million
- Retail: 160,000 square feet
- Office: 140,000 square feet
A similar mixed-use project was previously planned for that site around 2007, before the economic downturn stalled the idea and the property was taken over by a bank. That project, to be called the Water Lights District, was to include a park to display 43 presidential busts by local artist David Adickes. In Pearland, a suburb where farmland has rapidly given way to residential development in recent decades, the busts were meant to welcome visitors and give the area character. Only six busts were installed in the Presidential Park & Gardens, and Barack Obama had yet to win election before the project stalled.
Re: Houston
Reply With Quote
Bookmarks