Houston Land for Sale - Southwest Beltway 8
LANDCO NEXA is excited to introduce Kirkwood Crossings, a transformative 136.88-acre master-planned community located in Houston, Texas. We are offering 30 prime lots for sale, ranging from 1 to 20 acres, suitable for a variety of uses including multifamily, single-family, commercial, light industrial, flex, and retail spaces. This development represents a unique opportunity to invest in one of Houston’s most dynamic real estate markets.
Why Kirkwood Crossings?
1. Strategic Location
Kirkwood Crossings is strategically situated at the intersection of Bissonnet, Cook, and South Kirkwood streets, ensuring excellent accessibility. This prime location is well-connected to major highways and commercial hubs, making it an attractive site for both residential and commercial developments. The community is located above the 500-year floodplain, further enhancing its appeal as a secure and stable investment.
2. Diverse Lot Sizes and Uses
The development includes 30 lots ranging from 1 to 20 acres, designed to accommodate a variety of uses, including multifamily, single-family, commercial, light industrial, flex, and retail spaces. This flexibility allows for a wide range of development scenarios, catering to current market demands while providing room for future growth.
3. Infrastructure and Development Progress
Preliminary infrastructure approval has been granted by all necessary City of Houston (COW) and Texas State agencies. The development is already underway, with two major national developers contracted to build multifamily properties on 23% of the developable acres. The infrastructure provided includes roadways, retention ponds, underground electrical utilities, and connections to existing sewer and water systems. These improvements will be funded through a Municipal Utility District (MUD) program, ensuring a high standard of infrastructure while managing costs effectively.
4. Community and Government Support
Kirkwood Crossings has garnered significant support from local organizations, including Alief Complete Communities, the local School District, and the district's City Council representative. This development is seen as a positive transformation of previously undeveloped land into a vibrant community that will create jobs and generate tax revenue. The Texas State Tax Credit Authority, Houston City Council, and other public agencies have also expressed their support, recognizing the potential for economic growth and community development.
5. Environmental and Development Considerations
The site’s history as a sand mining operation and later a class IV landfill has been carefully managed to ensure that it is suitable for development. Extensive geotechnical analysis and environmental testing, including Phase I and II studies, have been completed. The results confirm that the site is safe for conventional construction, with no significant environmental risks. The project’s environmental engineers have recommended and implemented mitigation measures, including a Municipal Setting Designation (MSD) to address groundwater exceedances, ensuring compliance with all regulatory requirements.
6. Unique Features and Recreational Opportunities
The development’s design includes retention ponds that will serve as stormwater management systems and recreational areas for the surrounding community. These features add significant value to the development, providing residents with green spaces and opportunities for outdoor activities, further enhancing the appeal of Kirkwood Crossings.
7. Market Potential and Economic Impact
As one of the largest infill opportunities in Harris County, Kirkwood Crossings is ideally positioned to meet the growing demand for residential and commercial spaces in Houston. The site’s proximity to employment centers, transportation links, and supporting demographics makes it a prime location for a variety of property types. The development is expected to drive economic growth, create job opportunities, and contribute to the local economy through increased tax revenues.
8. Flexibility and Long-Term Value
The design and layout of Kirkwood Crossings allow for flexibility in property type allocation, enabling the development to adapt to shifts in market demand. This flexibility, combined with the site’s strategic location and strong community support, positions Kirkwood Crossings as a long-term, stable investment with significant potential for appreciation.
9. Ownership and Investment Opportunity
LANDCO NEXA is seeking equity and debt partners to participate in this transformative development project. The current property owner, Bissonnet 136, LLC, acquired the property in June 2019 and has made significant progress in preparing the site for development. LANDCO NEXA is managing the development on behalf of the owners and is deeply engaged in exploring recapitalization options to complete the project. This offers potential investors the opportunity to profit from the development while hedging risks with flexibility in multiple development scenarios.
10. Environmental and Regulatory Compliance
The property is in the final stages of revoking its Municipal Solid Waste (MSW) permit, with all environmental criteria satisfied. The revocation process is expected to be completed soon, further clearing the way for development. SKA, the project’s environmental engineering firm, has implemented necessary regulatory measures, including additional landfill gas vents and a Municipal Setting Designation (MSD), to ensure the site’s compliance with all environmental regulations.
Conclusion
Kirkwood Crossings represents a rare and valuable investment opportunity in one of Houston’s most dynamic and rapidly growing areas. With its strategic location, diverse lot sizes, strong community and government support, and comprehensive infrastructure and environmental management, this development is poised for success. Investors have the chance to be part of a project that promises to deliver substantial returns while contributing to the economic and social fabric of Houston.
For more information or to discuss partnership opportunities, please contact LANDCO NEXA.
