Houston, Texas real estate development, home buying, landscape, and design

A 20-or-so-acre piece of the 104-acre part-time parking lot across the South Loop from Reliant Park formerly known as AstroWorld has traded hands, a developer tells HBJ reporter Jennifer Dawson. But the buyer hasn’t identified itself, and Dawson couldn’t get any of the parties involved to tell her who it is (Dawson says she spoke to 15 people to report her story). Who owns the remaining 80 or so acres of the giant parcel on the south side of the South Loop, between Kirby and Fannin, at the end of the rail line? At last report, a partnership controlled by Fort Worth’s Mallick Group, who bought it in 2010 for $10 cash — and a willingness to assume the previous owner’s $74 million loan.

But a consultant who claims to be involved in redevelopment efforts on the property would only refer to the owner of the main portion of the vacant lot as “an out-of-state land investor” — who has now, she says, created a master plan for the site. Heather Schueppert tells Dawson that details of a proposed mixed-use project — probably combining office, retail, medical and hospitality components — will be revealed quietly in the next couple of months, but won’t be unveiled to the general public for at least a year.

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