The Crossing at Telfair
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- Darlene Hopkins
- 5 years ago
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1 The Crossing at Telfair Highways 6 & 90, Sugar Land, TX Under Construction Now - Coming in Coming in 2019 Telfair Office Park 70 condo units (Under development) Coming in 2019 Coming in 2019 Connector roads 2 Retail Centers (Under Construction) - (Under Construction) 2-story Building *9,730 SF Retail University Blvd (Under Construction) Approved to construct a fully- signalized intersection in (Currently right in/out) 2 x 7,500 SF retail centers (Under development)
2 PARCELS FOR SALE 17 (F) Under Construction Land Tract Section Reserve Acres Sq. Ft. Max. Height Price Per SF 1 4 O ,883 1-story $ M ,229 1-story $ P ,152 1-story $ N ,821 1-story $ Q ,182 1-story $14 7* 4 L ,946 1-story $22 *Divisible L-1a ,272 1-story PENDING L-1b ,541 1-story $24 L-1c ,937 1-story $ i ,935 1-story $ i ,279 1-story $ L-2 I ,621 1 or 2-stories $20 12* L-1 4 i ,568 1 or 2-stories $20 *Divisible i ac 1 story $20 i story $ K ,691 1-story $ H ,151 Multiple $ F ,840 Multiple PENDING Total ,785,146 P 5 (Q) 15 (H) 13 (K) 4 (N) 3 (P) 12(i-5) 12 (i-4) 11(L-2) 2(M) 1 (O) 9 (i-2) 8 (i-3) 7 (L-1) Future Retail Centers 2 x 7,500 SF Approved to construct fully signalized intersection in Currently right in/out
3 First Colony Mall (1,100,000 Sq Ft) HOSPITAL (1,400 employees) HOUSTON (500 employees) Performing Arts Center (6,400 seats) FLOUR (2,100 emp.) University Drive Schlumberger Corp. (2,100 emp. Expanding: 517 emp.) Fort Bend ISD Training Facility (Opening 3Q 2018) (2,000 students/day) Sugar Land Airport (350 emp.) (375 emp.) Baseball Stadium (7,500 seats) SUGAR LAND AIRPORT (Average 250 flights/day, Expanding) Sugar Land Business Park Redevelopment Phase II To Grand Parkway (400 Acres) NALCO OIL (860 emp.)
4 Sugar Land is booming! As of late 2014, Sugar Land was selected as one of the nation s strongest economies. Sugar Land has now more than 64,500 jobs and is home to high-profile regional and international corporations housed in more than 25 million square feet of commercial space, including more than 15 Fortune 500 companies with a significant presence. Further, Sugar Land s assessed commercial valuation has more than doubled in just over a decade increasing by over $2 billion. Recent Developments: - Nalco Champion oil company finished construction of the additional facilities and now has over 1,000 employees in their Sugar Land headquarters (right by The Crossing at Telfair) - Skeeters Constellation Field, a $36 million 7,500-seat stadium, keeps exceeding attendance expectations with approximately 487,684 visitors in The city of Sugar Land is in the process of annexing Greatwood and New Territory ETJs, in order to support and facilitate growth in the surrounding areas Upcoming Development: - University of Houston College of Technology received a $54 million allocation to construct a new 150,000-sq.-ft. classroom building, which is slated for completion in Smart Financial Performing Arts Center, a 6,400-seat $84 million development, is now open and projects to have 100 shows per year. - Shlumberger Oil plans on consolidating its operations in Sugar Land and proposes to build more than 250,000 square feet of Class A office space and a new 100,000-square-foot amenities building. - Fort Bend ISD Career and Technical Educational Facility, a $59 million project is now under construction and scheduled for August 2018 opening. It is located on 65 Acres (right behind the Crossing at Telfair) and service approximately 2,000 students daily. - Sugar Land Regional Airport, used by over 100 of Fortune 500 companies, received a $12 million dollar grant from TxDOT (believed to be the largest single grant allocated by TxDOT) to add another taxiway - Sugar Land Business Park Phase II, a new development across Hwy 90 from The Crossing at Telfair, has 121 Acres under development for a business park and 21 acres for a state training facility - All three highways (I-59, Hwy 90, and Grand Parkway 99) going through Sugar Land are being expanded to accommodate the increased traffic in the area. US I-59 has been renamed into I- 69 Interstate and is being expanded all the way to Corpus Christy. - Fluor Corporation purchased 50 acres at the southeast corner of Highway 59 and University Boulevard. Between 500,000 and 1 million square feet of office space is planned for the site. The company has entered an incentive agreement with the City of Sugar Land and has committed to $165MM of capital investment. More importantly, 2,000+ employees will remain in the city. - Texas Instruments purchased 7.4 acres and is fully underway constructing its approximately 160,000-square-foot office building, with expansion plans for an additional 40,000 square feet. The company will be relocating approximately 400 employees, primarily engineers in their new product design group. - ABM, a Fortune 500 company, is bringing 390 employees into their new 62,000 SF office in Sugar Land
5 HIGHLIGHTS ACRE MIXED-USE DEVELOPMENT» Retail. Office. Hotels DEMOGRAPHICS 3 MILE SQ/MI 5 MILE SQ/MI 7 MILE SQ/MI REGIONAL LOCATION» Access from 6 major highways within a 7mi radius: State Highway 6. US-90. I-69. Grand Parkway. Beltway 8. Westpark Tollway» Sugar Land Airport with on-site U. S. Customs service 250 aircraft operations per day. Used by over 100 of Fortune 500 companies» Sugar Land s Constellation Field stadium - over 500,000 attendees in 2014 STRONG LOCAL ECONOMY» Major corporate employment hub» Almost 400,0000 in daytime population within a 7mi radius» Over $100,000 in Average HH Incomes» Over 55% of population with Bachelor s Degree MAJOR GROWTH & DEVELOPMENT AREA» Projected job growth through 2018: 18.4%» Over 1 billion in capital investments since Total Population 75, , , Total Daytime Population 81, , , Total Employees (% of Daytime Population) 51.1% 42.8% 38.7% % Population Change 2010 to % 17.8% 17.3% 2018 Projected Total Population 84, , , Total population: Median age % 2013 White alone 47.3% 45.0% 42.2% % 2013 Black or African American alone 10.0% 14.8% 21.1% % 2013 Asian alone 35.7% 31.0% 23.8% % 2013 Hispanic 12.8% 17.6% 26.3% % 2013 Not Hispanic Population 87.2% 82.4% 73.7% 2013 Household income: Median $96,757 $88,449 $71,842 FOR MORE INFORMATION Inna Gallagher / x.15 igallagher@rubiconrealty.com Scott Weaver x.10 sweaver@rubiconrealty.com HOUSTON 2013 Household income: Average $111,251 $103,835 $88, Per Capita Income $36,289 $33,123 $27,854 % 2013 Occupation: White collar 82.6% 77.7% 67.7% % 2013 Occupation: Blue collar 17.4% 22.3% 32.3% % 2013 Educational Attainment: Bachelor's degree 30.8% 29.6% 24.6% % 2013 Educational Attainment: Master's degree 13.8% 12.0% 9.1% % 2013 Educational Attainment: Professional school degree 2.6% 2.3% 1.7% % 2013 Educational Attainment: Doctorate degree 2.9% 2.2% 1.6% 3281 Rocky Creek Drive, Suite 100 Missouri City, Texas Home value: Median $226,228 $191,965 $162,433 % 2013 Owner occupied housing units 77.9% 76.1% 71.3% % 2013 Renter occupied housing units 22.1% 23.9% 28.7% TREC Information: Texas Law requires all real estate licensees to present this IABS 1-0 Form to any prospective client Pitney Bowes Software Inc. All Rights
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