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New Multi-Family Development Hudson Crossing Planned Near Katy Boardwalk District and Katy Mills
Development

New Multi-Family Development Hudson Crossing Planned Near Katy Boardwalk District and Katy Mills

September 18 2024

A new multi-family development named Hudson Crossing is coming to the Katy area near the Katy Boardwalk District and Katy Mills. According to the Texas Department of Licensing and Regulation (TDLR), the upcoming development is slated to be located at 23933 Kingsland Blvd, Katy, TX 77494. With construction scheduled to commence towards the end of November this year, the project is expected to reach completion in late September 2026.

The project, valued at a hefty $48,500,000, will include two, 4-story buildings with surface parking. These buildings will feature 298 units, amounting to around 259,442 NRSF. Housing options will vary, offering a mix of 1, 2, and 3-bedroom units. Further enhancing the living experience, residents can look forward to a wide array of amenities such as a pool, workout and business center, a secondary courtyard, mail room, and even a dog park.

Harris County records reveal that the Rockefeller Group acquired the 6.87-acre tract of undeveloped land from J.K. Moore Real Estate Limited Partnership, Ltd. in February this year. The undeveloped property is conveniently located at the southeast corner of Kingsland Boulevard and Katy Gap Road.

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Rockefeller Group, founded in 1928 in Manhattan, is rooted in the legacy of Rockefeller Center. Currently, it owns and manages around six million square feet of office space in Midtown Manhattan and has approximately 14 million square feet of projects in planning or under construction across various asset types, including multifamily, industrial, office, and data centers. Rockefeller Group is part of the Mitsubishi Estate Group, a major player in real estate investment and development.

Lending their design expertise to the project will be Meeks Partners, a Houston-based firm that has designed local multi-family developments like Elan 99 West in Katy and The Arrabella in Houston.

The timing of Hudson Crossing reflects the current market trends in the Katy/Cinco Ranch/Waterside area. According to MRI ApartmentData, this area has experienced significant growth, ranking as the third hottest submarket in the Houston area this month. With an annualized growth rate of 3.7% and 3.1% of the market absorbed, demand for multi-family in the Katy area continues to rise. In the Houston area, there are currently 18,417 units under construction across 73 communities and 35,208 units proposed for construction across 116 communities, with 26,809 units recently opened across 103 communities.


By Tiffany Krenek, My Neighborhood News 
 
Tiffany Krenek, authorTiffany Krenek has been on the My Neighborhood News team since August 2021. She is passionate about curating and sharing content that enriches the lives of our readers in a personal, meaningful way. A loving mother and wife, Tiffany and her family live in the West Houston/Cypress region.


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