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Due to the recent Highway 146 expansion resulting in many businesses being displaced, a long-time tenant was forced to move its Seabrook location and is now leasing space at Seabrook Center on NASA Parkway.
Many office tenants were displaced in the Energy Corridor, Riverway and along Allen Parkway, but most tenants are getting back to normalcy and expected to return to permanent space by year's end.
The combination of a nearly full lease-up and upper-tier demographics make for an attractive asset in terms of acquisition, as in the case for the Grand at the Dominion, a 320-unit class-A luxury community.
Harvey effectively accelerated the multifamily recovery timeline, propelling Houston into a landlord-favored market approximately 18 months ahead of schedule but also causing supply to tighten.
The facility is centrally located for numerous pipeline connections providing commodity support storage services and will include a design to withstand future hurricanes to the highest degree possible.
The office development is pre-certified under LEED v4 Platinum and will feature a number of green features, plus an infinity edge that makes it appear as though the park is floating in the sky.
There is sustained demand in the Port submarket from the plastics industry for rail-served properties in anticipation of petrochemical plants coming online in 2018 along the Gulf Coast.