Development
Development
BY JAMES T. NORMAN
BY JAMES T. NORMAN
Friendswood approves bonds worth $36.9M for city center projects
New business park coming to Pearland
Valencia community in Manvel celebrates grand opening Hillwood Communities is celebrating the grand opening of Valencia, a 440-acre master-planned community in Manvel. The full story The community has homes ranging from $300,000 to $700,000, according to a fact sheet from Hillwood. It will have 940 homes when completely built out and o er ame- nities such as an in nity edge pool, trails, a clubhouse, an event lawn and playground. It’s one of several projects in the area that is catering to a growing population both in and around Manvel, Community Impact previously reported. It will also feed into Alvin ISD and includes a new elementary school.
The cost
Business park Buildings
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At City Council’s Oct. 7 meeting, o cials laid out a series of projects broken into “initial public improvements” and “additional im- provements.” City documents show the nearly $37 million in bonds will go toward initial improvements. O cials said Nov. 5 there will be a second round of bonds issued two years from now for additional major improvements.
MCHARD RD.
Work has begun in Pearland on a new business park that will total more than 200,000 square feet of o ce, warehouse and manufacturing space. What you need to know Stewart Development, based out of Houston, is developing the site near the Hwy. 35 corridor in Pearland, according to an Oct. 8 news release from the Pearland Economic Development Corporation, or PEDC. The project, titled The Edge Industrial Park, will span 36 acres and consist of nine buildings. It is part of the redevelopment plan for the corridor, which o cials hope will spur more investment in the area, according to the release. How we got here The PEDC began working with Stewart in 2023, according to the release. The PEDC and the city
Friendswood City Council approved $36.9 million in bonds for infrastructure projects related to the Friendswood City Center at its Nov. 4 meeting. City o cials said previously that the bonds, as well as a number of other technical resolutions approved at the November meeting, were needed to help keep the city center development on schedule as developers begin to build vertically. The Friendswood City Center is a key development for the city that will bring a mixture of retail, restaurants and businesses to town. The development broke ground in April but had a long history of prior discussions and approvals. The site of the project has long been a
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BLACKHAWK BLVD.
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528
DETENTION POND
Project funds: $25.6 million Interest, fees and other funds: $11.3 million
Friendswood City Center
SOURCE: CITY OF PEARLAND COMMUNITY IMPACT
CLEAR CREEK
Documents show the city is expected to carry out initial and additional projects such as: • A ire station • Roadways • Earthwork, paving and grading • Clearing, grubbing and demolition • Detention work • Water and wastewater • Drainage • Landscaping, parks and amenities
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of Pearland entered into a development agree- ment in March. As part of that, the PEDC agreed to help with infrastructure, according to the release. Stay tuned The plan is to have the park done in the second quarter of 2025, according to the release.
challenge for the city to develop, Community Impact previously reported. Lack of infrastructure and competing with nearby Baybrook Mall, among other factors, have deterred developers.
SOURCE: CITY OF FRIENDSWOOD COMMUNITY IMPACT
SHADOW CREEK 11023 Shadow Creek Pkwy (281) 977-1027
PEARLAND 10555 Pearland Pkwy (713) 987-9205
ALMEDA 11130 Gulf Fwy (713) 910-3941
FRIENDSWOOD 3126 FM 528 (281) 648-5473
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