Ralph Bivins tells Swamplot that lots of dirt is being shoved around on the foreclosed former site of the WaterLights District project, west of 288 and just south of the Beltway where all those heads of former heads of state used to hang out. Pearland’s Ivy District is now being planted on the site instead: plans for the $300-million development include a multifamily complex, condos, a senior living community, townhomes, office buildings, and room for retail.
Part of the project’s funding will come from the EB-5 visa program, which allows wealthy foreigners and their immediate families to immigrate to the US in exchange for a necessary investment expected to create at least 10 jobs. Sueba USA and Beijing-owned American Modern Green are developing the site; American Modern’s parent company Modern Land of China has worked on projects in China (including Steve Holl’s twisty Linked Hybrid in Beijing) and Vancouver, but the Ivy District is its first US venture.
American Modern Green bought the land straddling the Harris-Brazoria county line back in late 2012 following the 2010 foreclosure. Here’s the breakdown of what will go where, per the current plans on the Ivy District’s website: