Flaherty & Collins Properties (F&C) has been selected by the City of La Porte Redevelopment Commission to build a $30 million, 200-unit multifamily development in the heart of the city’s NewPorte Landing redevelopment project.
“We are excited to work with the City of La Porte on this exciting project in NewPorte Landing,” Julie Collier, vice-president of development and lead project developer, said in a statement. “We believe the location will be fantastic for future residents and the project assists the city in realizing its vision for NewPorte Landing.”
The developer plans to build two buildings totalling approximately 167,000 sq. ft., creating 200 new living spaces.
The development will occur along the shores of Clear Lake, including a resort-style pool with wet deck, outdoor courtyard featuring a fire pit and grilling station, a pet wash and bark park, fitness center with Fitness OnDemand technology, and bike storage and repair.
The La Porte Redevelopment Commission is supporting the project with Tax Increment Financing.
Construction is set to begin next summer with an opening set for late 2020. “The timetable for this project fits very well with the work the Redevelopment Commission has been doing in NewPorte Landing. With the opening of the Dunes Event Center, Dunkin Donuts and Starbucks we have really gained some ground and are excited to see the continued growth of NewPorte Landing,” said redevelopment commission president Don Berchem.