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HOUSTON-A two-story office building will go up in Coles Crossing South, a 96-acre mixed-use development within the 1,200-acre Coles Crossing master-planned community in the city’s northwest submarket. Ground will break within 30 days on a class A, 26,500 structure.

The Enclave at Coles Crossing, set to rise on 1.6 acres at 12300 Dundee Court, will deliver in February 2005. Schmid Investment Corp., a family-owned business with holdings in Texas and California, will put about $3.5 million into developing the project, designed by Proem Design of Houston. The Enclave development will have parking for 100 vehicles.

The population growth and demographics of Coles Crossing and the surrounding area convinced the developer to buy the site, according to Steve Dome a broker with of NAI Houston, who is marketing and leasing agent for the master-planned park. The average annual household income exceeds $97,000 for a five-mile population base of 145,000.

The Enclave at Coles Crossing primarily is designed for small to mid-size users catering to the surrounding community. Dome says preliminary interest already has come in from insurance companies, dentists, lawyers, mortgage firms, oil and gas company consultants and other professional service providers. Dome also tells GlobeSt.com that average asking rental rates are estimated to range from $17.49 per sf to $19 per sf.

To date, the Coles Crossing South development includes a Randall’s-anchored shopping center with 20 more tenants as well as two leased freestanding buildings and a pair of drugstores.

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