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12/20/22
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Maryland-based DD&B Construction purchased a 13.2-acre land parcel located at E Hwy 290 and Gregg Manor Rd in Manor, TX. The site is planned for an approximately 200-unit multifamily project with up to 20k sf of retail space.
The site is within Las Entradas, a 200-acre master-planned mixed-use development along Highway 290. Highlighting walkability and transit-oriented development, the community features a neighborhood commercial center, conference center, a 59-acre park, hike and bike trails, and an amphitheater bordered by the project’s lake and Gilleland Creek.
John T. Baird, Michael Kennedy and Sullivan Johnston with Avison Young represented the seller, Las Entradas Development Corporation. The buyer was repped by Gilles Ghez of DH Realty Partners.
“The seller believed that this was an opportune time in the market to transact the property and provided the buyer time to undergo a rezone to permit multifamily development, viewing residential development on the site as a true value-add to the surrounding retail establishments, both existing and future,” said Baird. “As growth continues eastward with corporate giants such as Samsung expanding their footprint in the Austin MSA, communities like Manor are seeing increased demand for housing and retail services.”
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