Highten Capital and a two member partner team acquired a high potential large parcel of land in Iowa Colony, Texas totaling 105 acres. Once a sleeping suburb 23 miles from Houston, Iowa colony has experienced a recent surge in economic development owing to TX Hwy 288 expansion project 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 cutting Hwy 288 just past Iowa colony. The proximity to Houston and Pearland coupled with major access ways makes this small town in Brazoria County an investor’s dream.
The subject property is located at the intersection of County Roads 48 and 57 both of which run through Highway 288. Acclaimed Meridiana residential development is adjacent to the property. A stone’s throw away from the subject property are Meridian Elementary School, Alvin ISD’s 10,000 capacity sports complex – Freedom Field and proposed Iowa Colony High School.
This offering is for a planned development of single-family residential community with 300 homes and two retail strips. Extensive feasibility studies are ongoing currently, including floodplain mapping, detention design, project land planning and site design.