The buyer is planning a residential and retail development. Jeff B. Lokey with Houston's NewQuest Properties negotiated the deal for the buyer. The seller, Helen Liu of Houston, represented herself.
Lokey tells GlobeSt.com that 20 acres are promised to a mini-storage business owner. Ground will break in roughly 90 days. Another 38 acres has been committed to retail use, including two corner lots fronting Boudreaux Road while the bulk of the land fronts Kuykendahl or the proposed Grand Parkway. Lokey says Grand Parkway is slated to bisect the property.
The balance of the land is earmarked for a master-planned residential community. Residential housing will likely start coming out of the ground in six to nine months, says Lokey. As for the retail acreage, that will be sold individually for development.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
