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500 Pine is one of the newest office developments in the North Financial submarket, and got almost immediate attention from investors, recently selling to Heitman LLC.
The Galveston-Clear Lake corridor is booming and resort amenities such as a public access lagoon, along with housing and retail, will attract residents and visitors to this area north of Galveston.
One of the largest city expenditures will be $60 million from the School Construction Authority that is earmarked for the construction of a new school in the Court Square area.