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Old Posted Aug 30, 2006, 12:04 AM
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Trae Trae is offline
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Location: Los Angeles and Houston
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Cáceres-122 units to be built in Rice Military, A Gated Urban Subdivision

Quote:
"The 8.1-acre tract, which was formerly home to two miniature horses, a donkey and other wildlife, is located in the southeastern section of Rice Military neighborhood and is bounded by Feagan, Renerman and Detering."

The general Rice Military area has gone from stank to swank in a short time and this project looks like it will push the prices even higher. Donkeys would appear to be pretty much extinct over there these days, but the baying of the train will still remain.

The link is for paid subscribers only, although you can navigate around that if desired by searching again. Here are the main points.

"Two top competitors in Houston's high-end custom home-building industry are teaming up to build what will be the largest project of their careers as they hammer into the multi-unit market. Black Diamond Properties and Rohe & Wright Builders are planning a 122-unit townhome and single-family community on one of the last undeveloped tracts of land between downtown and the inner-Loop Memorial area. The 8.1-acre tract, which was formerly home to two miniature horses, a donkey and other wildlife, is located in the southeastern section of Rice Military neighborhood and is bounded by Feagan, Renerman and Detering.
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Cáceres will be made up of 105 attached and detached townhomes and 17 single-family patio homes ranging in size from 2,000 square feet to 4,500 square feet. A price range for the homes has not yet been determined. The project is divided 50-50, with each company planning to build half of the homes in the community.

Zenner points out that most of the townhome complexes in the inner-Loop area are made up of five to six units. With 105 townhomes on tap, this project is unique in both its size and its gated-community classification, he says. In addition, Cáceres will be manned with a security guard 24 hours a day. Construction is expected to begin by the first quarter of next year, and the entire project will take about two years to build out.

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Michelle Wolpert, a Rice Military resident, says residents are still concerned about the impact the project may have on the local infrastructure and the potential increase in traffic. "I would rather the property remained the way it was: 8.1 acres of trees, pastures, shrubs and wildlife," she says. "However, if it is going to be developed, I would rather it be a luxury gated-community with as few high-end residences as possible because that means more green space within the community." "
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