A team of developers presented plans for a mixed-use planned development near the northwest corner of FM 2920 and FM 2978 to the Tomball City Council. It is seeking approval from Tomball's Planning and Zoning Commission to rezone the property from single-family housing to a planned development.
Damon Palermo, president of Palermo Corporate Real Estate Advisors in The Woodlands, and Jerry Hayley, president of White Oak Developers Inc in Conroe, have teamed up to form 2978 Panormus LP and are proposing to build a 34.4-acre mixed-use planned development known as Peck Station within the city limits of Tomball.
"We feel strong about the product we can bring to Tomball as a catalyst to help propel the development of the east side of the city, an area of town that has been dormant for some time," Hayley said.
Palermo and Hayley purchased the parcel of land for their proposed development in November 2013. The development is intended to capitalize on the influx of people coming to the Tomball area as a result of the opening of the Baker Hughes Western Hemisphere Education Center, Hayley said. He said the large investment Baker Hughes has made in Tomball was the impetus for the start of development on the city's east side.
