Development
BY JAMES T. NORMAN
LUXU Y LIVING
Manvel to consider deal for new commercial hub
FOR 55+ ACTIVE ADULTS IN HOUSTON, TX
Several council members said they support the project but have concerns with the incentive structure. Council member David Lands said both parties might have to “squeeze the pennies” for a deal. “We want this,” Lands said. “With this thing going to be so tight, personally I think every business in there needs to be a sales tax-producing business.”
Manvel City Council received a presentation in October for a new development off Hwy. 6 that could eventually contain a number of national brands and bring in more than $1 million in tax revenue annually. To make the project happen, BSC Capital Group will cover costs in exchange for sales tax rebates, according to a presentation from BCS.
$2.1M in total annual tax revenue for city, county 15-30 years proposed for potential agreement
$116M in annual retail sales 500+ jobs in Manvel
Project area
Potential retail businesses
Detention area
Detention area
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SOURCE: CITY OF MANVEL/COMMUNITY IMPACT
Stay tuned
If ultimately approved, tenants could be set to open in the first quarter of 2027, officials said at the meeting. In the meantime, Mayor Dan Davis told Community Impact that nothing will officially happen until council approval.
Officials said an agreement, as well as sale of the land, could come as soon as the end of the year. A planned unit development, annexation of the area into the city, and a path to utilities will all need to be sorted out prior to BCS buying the land.
REGENCY AT SIENNA | SINGLE-FAMILY HOMES Coming soon | Anticipated starting price from the upper $400,000s
Tollbrothers.com/ImpactTXH
Toll Brothers Regency is a 55+ active-adult community intended to operate under the Housing for Older Persons Act of 1995, as amended. One resident must be 55+. Oers, incentives, and seller contributions are subject to certain terms, conditions, and restrictions. All prices are subject to change at any time. Prices shown refer to the base house and do not include any home site premium or any optional features. As prices may already reflect applied discounts or other incentives, please consult Toll Brothers’ sales personnel for specific price information for each community. Photos are images only and should not be relied upon to confirm applicable features. This is not an oering where prohibited by law.
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