This week in real estate: Topaz Villas to break ground in August, New AstroWorld and more

by Houston Agent


A lot happened in Houston real estate news this week. But if you weren’t able to keep up, don’t worry; we’ve got you covered. Here’s what happened:

Topaz Villas to break ground in August – Ron Lozoff, a Houston condo developer, broker and consultant, is looking to restart his stalled Topaz Villas project, a six-story, 15-unit upscale condo building at 4520 Yoakum Blvd. The units range in price from $1.175 million to $1.4 million and will offer 3,000-square-foot units with three bedrooms, three-and-a-half bathrooms boasting 10- to 14-foot ceilings, access to two elevators and storage space.

Galleria area gains new luxury tower – A second luxury apartment tower is coming to the Galleria area after Hanover Co. and the United Services Automobile Association, a San Antonio-based financial services company, purchased a 2.5-acre site off South Post Oak Lane. Renderings and details about the project have not been released yet.

A new AstroWorld – Houston may be home to a new amusement park in the future after Mayor Sylvester Turner said he thinks the city deserves a theme park like the old AstroWorld, according to CultureMap, which closed in 2005. It appears that the city has already begun to take action, as Mayor Turner announced, “We are taking a very hard look at finding that sort of amusement center,” according to CultureMap.

Petrochemical Corridor – Clay Development & Construction, Inc., a Houston-based developer who has lead industrial development on the Eastside since 2005,  just began construction on a 1.5 million square foot spec project in the 15,000-acre Cedar Port industrial park. Robert Clay, principal at Clay Development & Construction, refers to the area as the “Petrochemical Corridor.”  Learn more about the region in Realty News Report’s interview with Clay.

BHGRE welcomes new agents – Better Homes and Gardens Real Estate Gary Greene recently welcomed both Craig Manuel and Erika R. Hernandez to the Inner Loop office. Both Hernandez and Manuel look forward to working with Buyers and Sellers in Houston’s Inner Loop, including the communities of River Oaks, The Heights, Montrose, West University and Bellaire.

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