HOUSTON--After nearly two years of thoughtful planning with the city of Stafford, Dallas-based StreetLevel Investments and joint-venture partner Provident Realty Advisors Inc. today announced the purchase of 192 acres, which includes the former Texas Instruments (TI) campus. The firm will move forward with plans for the creation of an expansive, mixed-use development, a first for the city.

Located at the gateway to Fort Bend County, the reinvented mixed-use destination will be the urban center of southwest Houston, connecting a dynamic group of adjoining neighborhoods. This vibrant environment will weave together a prospective 350,000 square feet of destination retail and dining concepts; 2,400 residential units; Class A office space; two fully-integrated hotels; a health club; entertainment; and sweeping green space together in a walkable urban center.

"The project will have unparalleled accessibility, visibility and proximity to thriving residential communities and become a distinctive destination and vibrant gathering place for all of southwest Houston," Adam Schiller, Managing Principal, StreetLevel Investments, told GlobeSt.com.