Avison Young brokers 16-acre land sale for 160-unit single-family for-rent development project in Humble, TX25 May 2021
Houston, TX – Avison Young announced today that it has negotiated the sale of 16 acres of land located on the eastside of W. Lake Houston Parkway in Humble, TX. The project is planned for an approximately 160-unit single-family for-rent development. Construction will begin immediately.
Avison Young Principal Tommy LeBlanc and John-Michael Kamel, an Associate in the firm’s Houston office, represented the sellers, two local private individuals. The buyer, Houston-based Lēva Living, LP was represented by Ryan Campbell Anderson of Orr Commercial, Ind. This will be Lēva Living’s first Houston development.
Blending the best elements of private homes with the shared benefits of a communal residency, the community is planned to include luxury amenities featuring a clubhouse with a state-of-the-art fitness center and pool, ample green spaces, and walking trails.
“The City of Humble is a growing Houston suburb and this land is ideal for residential development as the population expands. A significant number of people in the region are looking for affordable rental options in new communities, and this project will help fill that demand.”
The site is bordered by Harris County Park on the north and is a short drive to Atascocita High School. Additionally, Atascocita Commons, a community shopping center is nearby with tenants including Kohl’s, Applebees, Walmart, Dollar Tree and Kroger, among others.
About Lēva Living: When the Swedes speak of “Lēva,” they communicate more than their wish to merely “live.” Their word projects an idyllic life of carefree comfort and convenience, exactly the sort of environment that Lēva will offer residents seeking the privacy of single-family dwellings, without the long-term financial commitment of home ownership.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
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For more information:
Tommy LeBlanc, Principal : +1.713.993.7178