Houston is fortunate to have a lot of well-located real estate ideal for redevelopment, revitalization or new urban projects. BetterHouston has compiled a map of over 50 “development opportunity sites” in which great urbanism should be in some stage of planning or construction. There are lower density TNDs (Traditional Neighborhood Developments), mid-density, mixed-use transit corridors, and higher density urban “town centers” and TODs.
The real estate value of developing an estimated 2000 acres at these sites is over $9 billion, which would yield, just in City tax revenues, about $62 Million per year (over 3% of the City’s current operating budget). For more information about these sites and how we can start work to develop them, contact us. Download Map (pdf)
Full Story: Development Opportunity Areas
Source: Better Houston Newsletter, January 2012