CDS Community Development Strategies
Last night at St. Arnold's Brewery near Downtown Houston, CDS released the latest edition of the Lot Price Survey. The event was well attended by representatives from the area's residential development industry. Beer and BBQ were served, and a presentation was given summarizing the latest trends and findings from the survey. Lennar's Cindy Hinson also presented on the topic of multi-generational housing.
CDS Community Development Strategies The industrial city of Baytown, just east of Houston, has long been ignored by residential developers who create masterplanned and amenitized communities. CDS performed a series of studies for the Baytown – West Chambers County Economic Development Foundation in 2008 – 2010 covering both retail and housing demand in the area. Our work showed that both new retail and housing development serving middle class households was justified by existing market conditions. Since then, Baytown has had great success in attracting well-known retail businesses to fill shopping and dining gaps, plus new quality apartment development. The last piece of the puzzle was attracting a developer to create a new amenitized residential community serving the well-paid professionals and managers who work in the fast-growing industrial facilities nearby. This customer base has long been buying homes in more distant suburban communities such as the west Lake Houston area and Clear Lake, and increasingly in the adjacent community of Mont Belvieu. We demonstrated that a new higher-priced single family development was feasible in Baytown itself, especially if the community supported its development. Finally, 2016 has brought the news Baytown has waited for. The city has accomplished a lot since CDS’ studies, and it’s a credit to local leaders who have worked to attract new investment. See the article linked below.
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