There’s one less huge tract of land on the market these days.
A Buffalo Bayou-front parcel spanning 136 acres just east of downtown has found a buyer.
The mostly vacant tract is under contract and expected to close by the end of the year, said Davis Adams of HFF, the commercial real estate firm listing the property. He would not identify the buyer.
KBR is the longtime owner of the land at 4100 Clinton, east of Jensen Drive. The site is the former headquarters of the global engineering and construction firm. KBR has been moving workers away from the site for years and put the property on the market over the summer.
The sale has been long anticipated by real estate developers, bayou enthusiasts and residents of the East End.
Many hope to see the land redeveloped with a combination of uses, including high-density residential, retail and parks that take advantage of the nearly mile-long stretch of Buffalo Bayou frontage.
See here for the background. Some people would like for this land to be used for a university. I don’t really expect that to happen, but we’ll find out soon enough.
Any news with this tract of land? Do we know who buyer is yet?
Katie – Yes, we know who the buyer is:
http://blog.chron.com/primeproperty/2012/11/buyer-idd-in-east-end-kbr-sale/
Offhand I don’t recall hearing anything since then. I’m sure the sale is being finalized.
I would be nice to hear something from Catheixs about this land. It seems they are just going to hold onto it… Have you heard anything more on this?
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