This Week in Houston Real Estate: New waterfront development in Kingwood, affordable housing community sells out and more

by Rincey Abraham

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Renderings of the new waterfront development in Kingwood have been published on Swamplot. The 300-acre project will link the two adjacent and existing lakes next to the San Jacinto River and the Clubs of Kingwood golf course. Plans for the space will have have a marina with docks, pedestrian paths and outdoor entertainment.

In other Houston real estate news:

  • A new affordable community in the Near Northside is completely leased. The 68-unit building is called Avenue Station and is located along Metrorail’s Red Line. According to Realty News Report, the project was completed in late 2016 and more than 80 percent of the units are set aside for low-income residents while the rest are priced at market rate.
  • Dallas-based Traditional Senior Living is building its first senior living community in Houston, the Houston Chronicle reports. The Tradition will be built at 9339 Buffalo Speedway and will include 222 independent living apartments, while the assisted living building will have 63 apartments and 31 memory care apartments. The building is expected to be move-in ready by January 2019.
  • Six model homes have opened in the Sienna Plantation MPC recently. The Fort Bend community has seen a 37 percent increase in home sales compared to this time last year. Shea Homes, Coventry Homes and Chesmar Homes opened two model homes in the Sienna’s Village of Sawmill Lake, while Darling Homes opened two new models and Newmark Homes opened a community model in the neighborhood with plans to open a second this summer.
  • Kairoi Residential has acquired a multifamily community in Houston – Houston Heights. Located in The Heights neighborhood, the 308-unit community will get an interior improvement plan and Kairoi Residential said that it hopes to “competitively position the asset and capitalize on the continued expansion and appreciating wealth of the City of Houston.”
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