Highten Capital acquired two high potential parcels of land in Iowa Colony, TX totaling 15 acres. A sleeping suburb 23 miles from Houston, Iowa colony saw recent surge in economic development owing to the Hwy 288 expansion project which aims to enhance accessibility to Texas Medical Center and Downtown. 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 on County Road 64, yards away from Highway 288.
CR 64 is approved for a widening project which will be a major highway connecting CR 48 and Highway 288 by December 2023. A stone’s throw away from the subject property is the proposed Iowa Colony High school projected to complete by 2022 Fall. The property is flanked by major residential developments like Sterling Lakes, Sierra Vista and Meridiana.
This offering is for a planned development of mixed-use business park that combines retail, restaurants, offices and apartment buildings. Extensive feasibility studies are ongoing currently, including floodplain mapping, detention design, project land planning and site design.