This Week in Houston Real Estate: Fort Bend County Commission to sue over Harvey flooding, the most desirable hood in Houston and more

by Rincey Abraham

The Fort Bend County Commissioners have voted to file a lawsuit against the U.S. Army Corps of Engineers due to flooding that occurred after the Barker Reservoir was opened during Hurricane Harvey last year.

According to the lawsuit, “the county believes the Corps failed to acquire sufficient land to store the amount of water the reservoirs were designed to detain” and “the reservoirs’ design and modifications, along with the Corps’ standard operating procedures, made it inevitable that the limits of the Corps’ property would be exceeded — thereby flooding land for which it had no property rights upstream of the Barker Reservoir — if the reservoir were to reach near full capacity.”

In other Houston real estate news:

  • Trulia looked at how much it would cost in some of the most desirable neighborhoods in major cities across the country, and for Houston the website picked out Deer Park. The Houston suburb requires a salary of $72,840 in order to afford the median home price of $239,954. 
  • Houston-based PM Realty Group LP in partnership with Los Angeles-based AECOM broke ground on a new Midtown building this past week. 3300 Main is expected to be a 40-story mixed use development with 336 residential units, according to the Houston Business Journal. The project, which will take two years to complete, is also expected to have 14,390 square feet of retail space and 521 parking spaces.
  • Empire Communities have begun pre-sales at The Reserve at Spring Lakes in Tomball. The company is offering six estate floor plans for the gated community that range from 3,900 square feet to more than 4,800 square feet. Model homes are expected to open up in late June.
  • McGuyer Homebuilders, Inc. (MHI), which is the parent company of Coventry Homes, Plantation Homes and Wilshire Homes, moved up two spots to No. 34 on the Builder 100 list this year. The annual list looks at the total number of homes closed during the previous year, and MHI closed on 1,743 homes in 2017, a 15 percent increase over the previous year.

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