Netra Capital and a small team of member partners acquired high potential 13.77 acre parcel of land in the Lower Kirby District of Pearland, Texas. The subject property is a few hundred feet from the intersection of TX Highway 288 and Beltway 8 South. The City of Pearland is bustling with development owing to its proximity to downtown and Texas Medical Center. Hwy 288 is undergoing a major TxDoT expansion that aims to enhance accessibility to the Texas Medical Center and Downtown Houston. A 180-mile circumferential Grand Parkway project is underway, traversing seven counties in the Greater Houston area crossing Hwy 288 south of Pearland and Hwy 6. The property’s close proximity to Houston and its major through fares, makes this site location in Pearland and Harris County a developer’s dream. A 30 acre high density Commercial and Multi-family and Urban lifestyle development project called Ivy District is underway right across from this property.
Netra Capital secured this $3.4 million investment and closed the land acquisition in December of 2019. The next phase of investor call will happen in 2021. The proposed call will include a full service Hotel, 160,000 square foot office building and an urban 270 apartment complex with covered garages and state of the art amenities. More information about this property and its geographical location can be found here.
Land development and Site work development is schedule to start in the spring of 202o. Netra Capital will be aggressively market this property to potential end developers.