New Forest Town Center

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New Forest Town Center
SWC of Beltway 8 & Highway 90 | Houston, Texas
Dean Lane | Ashley Williams | 281.477.4300
Proposed 592,544 SF Multi-Anchored Development
10.15 | 4.14
Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management
New Forest Town Center
SWC of Beltway 8 & Highway 90 | Houston, Texas
The Beltway 8 & Wallisville Road intersection has added over
700,000 SF to the trade area with strong retail sales from several
DISTANCE FROM SITE
Humble: 13 Miles
Atascocita: 11.5 Miles
Baytown: 12 Miles
Crosby: 9 Miles
national retail chains. Local residential developments such as
Sonoma Ranch and New Forest Crossing have contributed to a 13%
population increase since the 2010 census and will continue to drive
area growth throughout the future.
Willis
Development:
A proposed 592,544 SF regional shopping center
105
Cleveland
Land Size: 131 Acres
Conroe
Frontage:
The property has over 3,750 feet of frontage on Beltway 8
and on Highway 45
90, and 1,100 feet of frontage on Uvalde.
The
Traffic Counts:
Woodlands
99
95,287 cars per day on Beltway 8
249
31,615 cars per day on Highway 90
Tomball
Demographics
1.00 Mi
3.00 Mi
5.00 Mi
Active Population
5,356
50,184
159,284
Residential Count:
1,657
15,307
47,863
Average Household Income
$57,635
$61,152
$56,313
Growth Since 2010 Census
12.20%
22.19%
19.73%
1960Count, 9/15
Source:
249 USPS Postal
Cypress
HCTRA
TOLLWAY
HCTRA
TOLLWAY
59
36
99
6
45
290
90
HCTRA
610
TOLLWAY
10
Katy
10
Houston
HCTRA
TOLLWAY
59
HCTRA
TOLLWAY
99
90
Dean Lane
281.477.4334
[email protected]
36
90
10.15 | 4.14
6
288
45
HCTRA
TOLLWAY
Ashley Williams
281.477.4378
[email protected]
Pearland
ay
ltw
Be
8
New Forest Town Center
SWC of Beltway 8 & Highway 90 | Houston, Texas
SITE AERIAL
Total Housing Count
in Immediate Area:
17,050 Homes
Hidden Meadow
1,323 Homes
Sunrise Pines
464 Homes
Tidwell Lakes Ranch
96 Homes
Stonefield
515 Homes
Sierra Ranch
199 Homes
Edgewood Village
350 Homes
SITE
Liberty Lakes
471 Homes
Carpenter’s Landing
444 Homes
PD
C
80
,5
7
95,28
Wood Forest
1,153 Homes
45
90
Hig
ay 8
Beltw
90
Woodforest
757 Homes
1,300 lots
New Forest
827 Homes
ay
hw
Sonoma Ranch
1,291 Homes
Rancho Verde
450 Homes
5,000 Lots
CPD
Sterling Green
2,954 Homes
Riviera East
663 Homes
Cloverleaf
11.12 | 4.15
New Forest Town Center
SWC of Beltway 8 & Highway 90 | Houston, Texas
TRADE AERIAL
DEMOGRAPHICS
2000 - 2010 Census, 2015 Estimates with 2020 Projections
Delivery Statistics as of 9/15
POSTAL
3.00 Mi
5.00 Mi
Primary TA
Secondary TA
Summary Data
Census 2010 Households
Current Households
Census 2010 Average Persons per Household
Census 2010 Population
Current Population
Census Households vs Route Residential Count
12,527
15,307
3.27
41,076
50,184
22.19%
39,976
47,863
3.32
133,486
159,284
19.73%
41,248
49,139
3.27
135,730
160,989
19.13%
56,275
67,016
3.26
184,600
218,968
19.09%
RESIDENTIAL DEMOGRAPHICS
Origination Data
Current Households
Census 2010 Households
1 Person Household
2 Person Household
3 Person Household
4 Person Household
5 Person Household
6 or More Person Household
Owner-Occupied Housing Units
Renter-Occupied Housing Units
15,307
12,527
17.04%
23.23%
18.69%
17.94%
12.05%
11.05%
67.93%
32.07%
47,863
39,976
17.24%
22.66%
17.98%
17.57%
12.52%
12.03%
63.23%
36.77%
49,139
41,248
18.15%
23.26%
17.82%
16.92%
12.19%
11.66%
62.78%
37.22%
67,016
56,275
18.39%
23.50%
17.49%
16.86%
12.08%
11.68%
63.39%
36.61%
SUMMARY
POPULATION
2015 Current Population
50,184
159,284
160,989
218,968
2010 Census Population
42,493
135,557
137,065
187,484
Population Growth 2010 to 2015
18.10%
17.50%
17.45%
16.79%
AGE
2015 Median Age
29.3
29.4
30.4
31
RACE AND ETHNICITY
2015 Estimated White
45.4%
47.4%
49.7%
52.2%
2015 Estimated Black or African American
29.5%
26.9%
24.4%
22.1%
2015 Estimated Asian or Pacific Islander
2.9%
2.1%
2.0%
1.6%
2015 Estimated American Indian or Native Alaskan
0.9%
0.8%
0.8%
0.9%
2015 Estimated Other Races
21.3%
22.9%
23.0%
23.1%
2015 Estimated Hispanic
52.2%
56.0%
56.4%
57.4%
INCOME
2015 Estimated Average Household Income
$61,152
$56,313
$55,399
$54,772
2015 Estimated Median Household Income
$53,444
$48,071
$46,078
$46,221
2015 Estimated Per Capita Income
$19,128
$17,305
$17,334
$17,170
EDUCATION (AGE 25+)
2015 Estimated Elementary (0 to 8)
2015 Estimated Some High School (9 to 11)
2015 Estimated High School Graduate
2015 Estimated Some College
2015 Estimated Associates Degree Only
2015 Estimated Bachelors Degree Only
2015 Estimated Graduate Degree
19.8%
18.7%
23.3%
16.6%
4.7%
8.1%
8.7%
21.9%
20.9%
23.2%
15.6%
4.1%
7.1%
7.2%
22.3%
20.4%
24.4%
15.1%
4.1%
6.8%
6.8%
23.8%
20.3%
24.1%
14.8%
4.0%
6.6%
6.3%
New Forest Town Center
SWC of Beltway 8 & Highway 90 | Houston, Texas
SITE PLAN
PROPOSED
GROCERY
SP27 | 11.20.15
Historical Housing Activity Summary
Qtr
Starts
Ann
Starts
VDL
244
615
6.7
340
1,100
4,129
209
552
5.6
242
1,142
4,087
237
241
535
5.2
276
1,155
216
345
614
5.8
361
1,219
51
189
416
656
6.6
361
1,215
51
224
376
651
6.4
364
1,286
50
200
399
649
2Q13
324
1,328
51
179
481
3Q13
316
1,325
47
220
475
4Q13
327
1,331
49
167
1Q14
317
1,284
48
2Q14
261
1,221
43
3Q14
418
1,323
4Q14
369
1Q15
2Q15
3Q15
Model
FinVac
Fut Lots
Ann Lot
Deliv
3Q11
383
1,105
64
307
4Q11
305
1,186
61
282
45.0
4,846
867
42.9
4,607
754
1Q12
293
1,245
57
2Q12
282
1,263
53
3,923
40.8
4,506
690
3,563
35.1
4,648
3Q12
319
1,199
469
1,240
3,395
32.9
4,507
4Q12
321
501
316
1,314
3,180
29.0
4,678
402
1Q13
6.1
362
1,400
3,149
27.0
4,554
626
711
6.4
386
1,425
2,890
24.3
5,292
752
742
6.7
347
1,411
2,664
22.7
5,266
680
446
662
6.0
247
1,342
2,535
22.7
5,043
697
182
437
667
6.2
322
1,302
2,259
20.8
5,089
412
199
448
690
6.8
284
1,200
2,104
21.0
5,554
414
37
172
442
651
5.9
379
1,232
2,523
24.6
10,147
1,091
1,365
34
138
405
577
5.1
295
1,280
2,570
24.1
10,165
1,315
269
1,317
31
123
474
628
5.7
320
1,278
2,544
23.9
10,217
1,563
369
1,425
35
134
523
692
5.8
433
1,427
2,171
18.3
10,519
1,494
438
1,445
40
151
522
713
5.9
459
1,507
2,559
20.4
9,767
1,543
UC
Houston Residential Survey (3Q15)
Copyright Metrostudy
VDL
Supply
TX | Harris Co. (3Q15)
Copyright Metrostudy
Total
Supply
Ann
Clos
Historical Housing Activity
Total Inv
Qtr
Clos
Qtr
New Forest Town Center - 5 Mile Radius
New Forest Town Center
281.477.4300
Leasing | Tenant Representation | Development | Land Brokerage | Acquisition | Property Management
Information About Brokerage Services
Texas law requires all real estate license holders to give the following information
about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients
on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker’s own
interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer
from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE
TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the
property owner’s agent through an agreement with the owner, usually in a
written listing to sell or property management agreement. An owner’s agent
must perform the broker’s minimum duties above and must inform the owner
of any material information about the property or transaction known by the
agent, including information disclosed to the agent or subagent by the buyer
or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s
agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum
duties above and must inform the buyer of any material information about the
property or transaction known by the agent, including information disclosed to
the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between
the parties the broker must first obtain the written agreement of each party to
the transaction. The written agreement must state who will pay the broker and,
in conspicuous bold or underlined print, set forth the broker’s obligations as an
intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties’ written consent, appoint a different license holder
associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions
of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party,
disclose:
• that the owner will accept a price less than the written asking price;
• that the buyer/tenant will pay a price greater than the price submitted
in a written offer; and
• any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required
to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in
a transaction without an agreement to represent the buyer. A subagent can
assist the buyer but does not represent the buyer and must place the interests
of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
• The broker’s duties and responsibilities to you, and your obligations under
the representation agreement.
• Who will pay the broker for services provided to you, when payment will be
made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided
for information purposes. It does not create an obligation for you to use the
broker’s services. Please acknowledge receipt of this notice below and retain a
copy for your records.
Licensed Broker/Broker Firm Name or
Primary Assumed Business Name
License No.
Email
Phone
Designated Broker of Firm
License No.
Email
Phone
Licensed Supervisor of Sales Agent/Associate
License No.
Email
Phone
Sales Agent/Associate’s Name
License No.
Email
Phone
Buyer/Tenant/Seller/Landlord Initials
Date
Regulated by the Texas Real Estate Commission (TREC) | Information available at http://www.trec.texas.gov
The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or
Rev. 02/16/16 ct
employee of NewQuest Properties. This information is subject to change without notice.
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