Kittle Property furthers its investment in Greater Houston with plans to develop a $53 million apartment complex in the Montgomery County town of New Caney.
The Indianapolis-based firm’s project at 22261 McCleskey Road is dubbed Estival Apartments, according to a filing with the state of Texas. It will rise on a vacant tract, near the Grand Parkway toll road and Eastex Freeway.
The location will span 467,000 square feet and will include 312 units across 17 buildings, and has an estimated cost of nearly $170,000 per unit. Construction is expected to begin in October with completion in 2026. Attempts to reach Kittle Property were unsuccessful.
The New Caney development will join a recent boom in multifamily development headed toward Montgomery County following the completion of a segment of the Grand Parkway, which directly feeds into the area.
Woodlands-based developer Signorelli Company plans to break ground on a 3,000-acre master-planned community in east Montgomery County that is expected to bring 7,000 homes to the area. The firm is also planning three multifamily developments in New Caney, near its 1.5 million-square-foot Valley Ranch Town center, according to a Berkadia report. The apartments will are named Valley Ranch Medical District, Valley Ranch Marketplace II and the Pointe at Valley Ranch II.
Other master-planned communities have been planned for the area, including Oxand Group’s 1,860-acre, Texas-inspired community Two Step Farm. XAG Group’s Audubon community, which is still under construction, is expanding, with dual retail centers for its 3,000 acres.
Estival Apartments will be the Indiana firm’s third foray into Greater Houston. Kittle previously developed the income-restricted Vireo Apartments in Greenwood Park. Earlier this year, the developer filed plans to develop a 228-unit Texas City complex, Juniper Landing, as well as a 272-unit complex at the junction of West Gulf Bank and West Montgomery Road in northwest Houston, dubbed Summerdale. The projects will break ground this fall, with estimated completion next year.