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NewQuest Readies 430 Acres for $241M Mixed-Use Project

ROSENBERG, TX-NewQuest Properties will break ground soon on a 700,000-sf Brazos Town Center. The residential component, a mix of multi- and single-family development, will get under way in June. The project ultimately will include office space.

By Jennifer D. Duell | Updated on April 11, 2005

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ROSENBERG, TX-NewQuest Properties is set to break ground on a 430-acre, $241-million development with a 700,000-sf Brazos Town Center as the anchor. The plan also calls for 670 apartments, 479 single-family homes, 251 patio homes, 152 townhouses and a professional office complex.

To kick off the development, NewQuest has bought 200 acres from Mercantile Partners Ltd. of Fort Worth. A closing is scheduled for mid-May with five local sellers to get the balance of the land near the intersection of FM 762 and US Highway 59, says Steven Alvis, managing partner of NewQuest Properties.

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