A vote of Rosenberg’s City Council this Tuesday made it official: Paragon Outlet Partners will be building a sprawling outlet mall called the Paragon Outlets Houston on the southeast side of the Southwest Fwy. at Reading Rd. in the eastern reaches of Rosenberg, just southwest of the Brazos Town Center and Brazos Town Crossing shopping centers and FM 762, and 10 miles down I-69 from Sugar Land. Construction of the 400,000-sq.-ft. first phase is expected to begin this summer and finish in November of next year.
- City council finalizes agreement with Paragon Outlet Partners [Fort Bend Herald]
- It’s official: New Houston-area outlet mall to rise [Houston Business Journal]
Factory Direct to You
In a guest post for ESPN’s FiveThirtyEight, Trulia’s chief economist trots out a bunch of maps and charts that purport to show that 
“One of the reasons rents have gotten pretty high in the last decade is people finally realized that owning a house is not what it’s cracked up to be. You can have a pretty decent apartment inside the loop for $2k a month which will only buy you about a $200k house which means you get an old small house between the loop and beltway, or a decent new house outside of the beltway. Also, you don’t start building real world equity in the house until after year 7 and coincidentally average time people live in a house is 5-7 years. Renting also allows for extreme flexibility in case your job changes, you create little clumsy clones of yourself, or simply don’t like changes in your neighborhood.
There was a study that showed that during the great recession there was a much higher rate of unemployment in Home Owner vs. Renters because after losing their job, Home Owners either were unable to sell or refused to sell their homes and simply move to an area with better job prospects.” [
