This Week in Houston Real Estate: Development lawsuit, new mixed-use towers and more

by Lauren Clohessy

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McNair Interests, which was founded by Houston Texans owner Bob McNair, announced their plan for a high-rise mixed-use development. According to Realty News Report, the development will be located in Uptown Houston near the Galleria. The McNair Interests plan includes 180-room Rosewood Hotel, multifamily units and an 18-story office tower.

“This is a defining development for McNair Interests and the city of Houston. Our vision redefines the southernmost entrance of Post Oak Boulevard and the Uptown District, fusing a distinctive, sophisticated design with Houston’s future,” said Chairman and CEO of McNair Interests, Cary McNair. The hotel is set to open in 2023.

In other Houston real estate news: 

  • Lennar began their first Urban Life Collection in the 610, according to The Houston Chronicle. Fulton Station is set to have 39 townhomes by the Metro’s Red rail line, just 2.5 miles north of downtown. The townhomes start at $350,000, ranging from 1,423 square feet to 1,627 square feet. Two model townhomes will open for the public this summer.
  • East Downtown has a new condo and hotel tower planned for Saint Emanuel street. The tower is expected to cost $150 million, reported The Houston Chronicle. STOA Architects President C.C. Lee said the tower will have 280 condo units and 170 hotel rooms in total. In a new digital rendering released by STOA, the building is shown with two separate towers. Construction will begin in summer of 2020.
  • Timarron Park homeowners filed a lawsuit against The Woodlands Land Development Company, The Howard Hughes Corporation and LJA Engineering. According to Community Impact, the lawsuit has 458 homeowners on board, claiming the developers should have known about the flooding in the neighborhood. The neighborhood has flooded at least five times and the residents believe The Woodland Developers violated the Texas Deceptive Trade Act by building there.   
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