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The Latest And Greatest From The 1,400-Acre Development Rising In Northeast Houston
2019-5-21 11:54:10, Tierra Smith

The Signorelli Co. is seeking to solve a problem in Northeast Houston. 

Valley Ranch, a 1,400-acre master-planned community, will be dominated by commercial development, with about 60% of the development ranging from retail, multifamily, office, healthcare and entertainment assets. The community will be about 40% single-family housing totaling about 2,000 residences.  

"The vision, which is quickly becoming a reality, solves for large voids in the market in each of these asset classes," Signorelli Vice President Brody Farris said.   

Only about half of the land has been built up, leaving major opportunity for future growth: Over 650 acres remain to be occupied near Interstate 69 and the Grand Parkway.   

The demand for Valley Ranch is fueled by the mobility expansion of the Grand Parkway and the growth of Houston's suburbs, he said. The Northeast Houston area is building up quickly, with construction all over the community. 

The Signorelli Co. President and CEO Danny Signorelli will discuss Valley Ranch at Bisnow's Future of Springwoods Village and Grand Parkway event on May 30. 

Large-scale users have heightened attention in Valley Ranch as it is within a qualified opportunity zone, which is driving interest from investors who want to participate in the tax-saving program, Farris said.  

"We can cater to many types of users, providing them a blank slate as far as their wish list goes," Farris said. "As long-term owners, we are making decisions that are ideal for tenants today and bode quite well for their growth 10, 20 and even 30 years down the road." 

With nearly 500,000 residents within a 15-minute drive, the regional destination is changing the shopping patterns of the nearby communities.

Kingwood residents, who traditionally traveled to Humble to dine and shop, are now traveling north to Valley Ranch, which is essentially the same distance, Farris said. Northern residents in Cleveland, Shepherd and Livingston are also visiting the development.    

The expansion of Grand Parkway has unlocked a major east/west thoroughfare in North Houston. The next stage of the transportation expansion will increase the Valley Ranch trade area to include Huffman, Dayton and large parts of Liberty County, spur residential development and support retail, office and medical assets.   

Bisnow has compiled an update on the specific projects within Valley Ranch. 


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