“The excellent location at the four-way interchange on [Hwy.] 290 and James R. Muse Parkway, as well as proximity to Beacon Hill and the resulting easy access to utilities make the property very attractive and allow[s] for a variety of potential uses, including retail, light industrial and flex space,” Wolff Companies Chair and President David S. Wolff said in a press release. “We see the property as a natural extension of our Beacon Hill project.”
Plans for the 564-acre project include a business park along the future Hwy. 290 frontage road, which can accommodate light industrial and distribution, office, multifamily and retail. The property is shovel-ready, according to a press release, with stormwater detention and drainage, electrical lines and residential streets already in place.
Long Lake Ltd. will develop a master-planned residential community north of the business park, featuring about 870 homes priced from the low $200s to the mid-$400s, officials said. Model homes are slated to open in June.
An agreement between the Texas Department of Transportation and Wolff Companies also includes plans for Hwy. 290 access improvements, such as a mile-long Hwy. 290 frontage road and a U-turn under Hwy. 290 at James R. Muse Parkway. Officials said the construction of Beacon Hill Boulevard is underway west of FM 362 and expected to wrap up in September.
“Our new acquisition already has excellent access to 290 via the interchange with James R. Muse Parkway,” Carolyn Wolff Dorros, executive vice president of Wolff Companies, said in a statement. “These improvements to [Hwy.] 290 will enhance this access by completing a service road along the southern border of the property.”