{"id":1004104799,"date":"2014-10-01T20:13:07","date_gmt":"2014-10-02T04:13:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=296231"},"modified":"2022-12-05T08:31:39","modified_gmt":"2022-12-05T16:31:39","slug":"fidelis-realty-acquires-112-acre-tract-north-of-the-woodlands-for-new-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-acquires-112-acre-tract-north-of-the-woodlands-for-new-shopping-center\/","title":{"rendered":"Fidelis Realty Acquires 112-Acre Tract North of The Woodlands for New Shopping Center"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Fidelis-Realty-Partners.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-296237\" title=\"Fidelis Realty Partners\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Fidelis-Realty-Partners.jpg\" alt=\"\" width=\"300\" height=\"250\" \/><\/a>Houston-based Fidelis Realty Partners recently completed the acquisition of a 112-acre tract at the former Camp Strake, where it plans to develop a 750,000-square-foot shopping, dining and entertainment center.<\/p>\n<p>The acquired tract is located north of The Woodlands, at the southwest corner of Loop 336 and I-45 in the city of Conroe. The asset was acquired from The Johnson Development Corp. and is part of a 2,046-acre mixed-use, master-planned project.<\/p>\n<p>\u201cThe opportunity to create a regional shopping experience at such a prominent location was very appealing,\u201d said Lynn Davis, principal &amp; chief marketing officer of Fidelis Realty Partners. \u201cWe\u2019re looking forward to working with Johnson Development on this project.\u201d<\/p>\n<p>\u201cThis project will provide a tremendous economic boost for the area,\u201d added Conroe Mayor Webb Melder. \u201cWe are excited to be working with Johnson Development and its development partners.\u201d<\/p>\n<p>Comprising 40 professionals, Fidelis Realty Partners manages a portfolio of approximately 7 million square feet, of which 1 million is under acquisition, development or pre-development. The company\u2019s footprint covers nine cities across three states, with the majority of assets located in the greater Houston metropolitan area.<\/p>\n<p>With construction slated to begin in late 2016, the mixed-use center represents Fidelis Realty Partners\u2019 biggest project. As <em>CPE<\/em> reported, The Woodlands is becoming more and more crowded with new, large-scale developments, which has shifted attention to the areas around it: In August 2014,\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/houston\/howard-hughes-corp-acquires-2000-acres-of-land-for-residential-development\/1004102290.html\">Howard Hughes Corp.<\/a> acquired 2,000 acres of land for a residential development just 13 miles north of The Woodlands. Similarly, <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/houston\/toll-brothers-moves-forward-with-master-planned-community-next-to-the-woodlands\/1004102600.html\">The Toll Brothers<\/a> recently announced plans for a 600-acre, master-planned development west of The Woodlands, along FM 2978.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Houston-based Fidelis Realty Partners recently completed the acquisition of a 112-acre tract at the former Camp Strake where it plans to develop a 750,000 square-foot shopping, dining and entertainment center.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004104799","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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