Flaherty & Collins Properties started the construction of a $35 million mixed-use development in the City of La Porte.
Dubbed The Strand, the 200-unit multifamily development is being built in the heart of the city’s NewPorte Landing redevelopment project.
“The City of La Porte is very excited to be partnering with Flaherty & Collins through this development, said Mayor Mark Krentz. “Flaherty & Collins Properties has a long history of success with projects such as this and we really appreciate that they have chosen to invest in our community.”
The Strand will consist of three buildings totaling approximately 200 new living units and 5,000 sq. ft. of retail space.
The development will occur along the shores of Clear Lake and will provide many amenities such as 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. Apartments will feature granite countertops, tile backsplashes in the kitchen area, and stainless-steel appliances.
The La Porte Redevelopment Commission is supporting the project with Tax Increment Financing. The project is set to complete by the third quarter of 2021.