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US 290 - Beacon Hill

0.6 - 69.7 Acre Commercial Land Lots in Waller, TX 77484

Investment Highlights

  • Beacon Hill offers shovel-ready sites, fully served by City of Waller utilities, for immediate development.

Executive Summary

Beacon Hill is a pristine 587 acres of land in the City and County of Waller, Texas, located directly on the north side of U.S. 290, the Northwest Freeway, between FM 362 and James Muse Parkway within the City of Waller. The property’s elevation approaches 300 feet, making it one of the highest points in the Houston metro area.
The northernmost 270 acres of the tract, purchased by Long Lake Ltd., one of the most active home builders in the Houston market, contains their newest master-planned residential community. First residents moved to Beacon Hill in August 2021. Today, homes are in various construction stages.
With more than 8,200 feet of frontage on 290, Wolff Companies is developing a business park on the 317 acres abutting the freeway with uses ranging from light industrial and distribution to office, multifamily and retail all supported by utilities and services from the City of Waller.
. In January 2022, Hines acquired 78 acres for a build-to-suit project, which can fit up to 1,300,000 square feet of distribution, manufacturing, or logistics space with flexibility on the ultimate site plan.
Recently completed Beacon Hill Boulevard, the community’s main thoroughfare, connects Highway U.S. 290 and Owens Road on the northern side of the property. Future improvements include a new exit ramp and frontage road to create direct access from U.S. 290 to Beacon Hill in summer 2024. Additionally, the completion of the Grand Parkway's Segment E in 2013, which extends north from I-10 to U.S. 290, has made Waller more attractive to a future workforce. The long-awaited completion of 290 construction has further reduced commuter drive times and opened up the area for development, including residential, industrial and distribution uses.
In developing this project, Wolff Companies will continue its legacy of respecting and enhancing the property’s natural environment. Wolff Companies has established protective covenants to control signage, landscaping, parking and building materials. These features ensure that Beacon Hill will be a first-rate development that will only increase in value over time.

Property Facts

Sale Type Investment
No. Lots 10
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 167.60 AC
Cross Streets FM 362

10 Lots Available

Lot Site A-1

Lot Size 5.20 AC

Future commercial/retail

Lot Site A-2

Lot Size 9.90 AC

Future commercial/retail

Lot Site B

Lot Size 5.80 AC

Lot Site C

Lot Size 15.10 AC

Lot Site D

Lot Size 15.00 AC

Lot Hotel

Lot Size 4.30 AC

Lot Site E

Lot Size 27.00 AC

Lot Site F

Lot Size 69.70 AC

Lot Others

Lot Size 15.00 AC

Lot LS

Lot Size 0.60 AC

Description

Beacon Hill is a pristine 587 acres of land in Waller, Texas located directly on the north side of U.S. 290, the Northwest Freeway, between FM 362 and James Muse Parkway. The property’s elevation approaches 300 feet, making it one of the highest points in the Houston metro area. With almost 8,200 feet of frontage on 290, Wolff Companies will develop a business park on the 317 acres abutting the freeway with uses ranging from light industrial and distribution to office, multifamily and retail all supported by utilities and services from the City of Waller. The northernmost 270 acres of the tract have been purchased by Long Lake Ltd. to develop a master-planned residential community featuring approximately 870 homes. Recently completed Beacon Hill Boulevard, the community’s main thoroughfare, connects Highway U.S. 290 and Owens Road on the northern side of the property. Future improvements include a new exit ramp and frontage road to create direct access from U.S. 290 to Beacon Hill in summer 2024. Additionally, the completion of the Grand Parkway's Segment E in 2013, which extends north from I-10 to U.S. 290, has made Waller more attractive to a future workforce. The long-awaited completion of 290 construction has further reduced commuter drive times and opened up the area for development, including residential, industrial and distribution uses. In developing this project, Wolff Companies will continue its legacy of respecting and enhancing the property’s natural environment. Wolff Companies has established protective covenants to control signage, landscaping, parking and building materials. These features ensure that Beacon Hill will be a first-rate development that will only increase in value over time.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 242191
  • 242193
Land Assessment
$9,905 CAD
Improvements Assessment
$0 CAD
Total Assessment
$9,905 CAD

zoning

Zoning Code None
None
  • Listing ID: 21341829

  • Date on Market: 2020-10-27

  • Last Updated:

  • Address: US 290, Waller, TX 77484

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