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    Real Estate Round-up

    Dynamo Destiny: Where should the new stadium go?

    Ralph Bivins
    Jan 31, 2010 | 9:39 am
    • Model of new Dynamo Stadium
    • Looking for a permanent home

    Where should our next stadium — a field for the Dynamo professional soccer team — be located?

    Here are the choices:

    A) The Dynamo stadium becomes a growth catalyst for EaDo, the urban district just east of the George R. Brown Convention Center. A significant infusion of development dollars into EaDo is unprecedented and could be a turning point for the transitional neighborhood. The city owns the proposed stadium site bounded by Dowling, Hutchins, Walker and Texas Avenue.

    B) The Dynamo locate in the Galleria/Bellaire area. Midway Companies, a Houston developer, owns 30 acres south of Westpark and east of South Rice Avenue, about a mile south of the Galleria. The site has easy access to the Westpark Toll Road, the Southwest Freeway and the West Loop.

    “The downtown location probably does more for the city of Houston,” says land broker Stan Creech. “But either site works. The Midway site is an attractive alternative.”

    Becalmed Momentum

    The city paid $15.5 million to acquire the land in EaDo. The Dynamo team has offered to pay $60 million for the stadium construction with $10 million in improvement contributions to be added by both the city and county governments. But months have gone by without final governmental approval, a new mayor has been elected, and there’s been talk of using the land instead for an “inmate processing facility” (read: jail).

    “We’re somewhat frustrated,” says Tina Araujo, general manager of the EaDo - East Downtown District. “It’s not time to abandon this project.”

    Having the city’s stadiums, arenas and public facilities clustered in downtown makes a lot of sense, says downtown real broker Mike Hassler of CB Richard Ellis. Minute Maid Park and Toyota Center have been good additions for downtown, where the retailers and restaurants sorely need a boost.

    From a negotiation standpoint, the emergence of the Westpark/Midway property as a possible location does something else very important. It gives some leverage to the Dynamo.

    Dynamo President Oliver Luck, who played quarterback for the Houston Oilers in the 1980s, says nothing is firm yet and the whole process is full of unanswered questions. Both sites are still under consideration.

    Luck says he receives frequent inquiries from land owners who tout their property as a great site for a soccer stadium. But the Midway property near the Galleria has the outstanding characteristics that make it a site that deserves serious consideration, Luck says. More study is needed on traffic issues parking and infrastructure, but it could be a winner location.

    On the other hand, downtowns are great places for stadiums, Luck says, because the roads, freeways and transit systems are designed to bring thousands of workers into downtown every work day.

    Riding the Rail

    METRO Rail stops are already planned for both sites whether the stadium is built or not.

    In EaDo, a rail station is planned at the corner of Texas Avenue and Bastrop adjacent to the proposed stadium site. The Midway site is also designated as a key rail stop where trains are routed into the Galleria and eastward toward downtown.

    Midway’s property had been envisioned as a mixed-used development, with a dense collection of residential and commercial space. A rail station could be the cornerstone of a mixed-use project and Midway, which redeveloped the Town & Country Mall into the new CityCentre project, has the wherewithal to do a noteworthy development there.

    However, in the current economic climate with a constrictive credit crunch, even top-rung developers have difficulty getting new projects started. Midway’s rail-based development, which is the kind of project rail proponents have dreamed about, could be years away if the Dynamo deal does not materialize.

    The Dynamo stadium is facing opposition from Bellaire Mayor Cindy Siegel, who has voiced concern about traffic, parking and noise problems associated with the 21,000-seat facility.

    Wherever it goes, the Dynamo deal is going to be steeped in heavy politics.

    If EaDo misses out, the disappointment will be dark and deep. People have been trying for years to revitalize the area. Despite the challenges, some seedlings of new development have been able to take root. But it’s been an uphill climb and the Dynamo stadium with the massive infrastructure improvements could be the lift EaDo needs for a breakthrough.

    Twenty years ago, a developer named Bobo Woo tried to transform the east side of downtown into a world-class Chinatown. It was a difficult maneuver and Mr. Woo failed to get much traction.

    This time around, EaDo needs a little luck.

    Ralph Bivins, former president of the National Association of Real Estate Editors, is editor-in-chief of RealtyNewsReport.com.

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    How Sweet

    Sugar Land's first new apartment complex in 13 years breaks ground

    Brianna McClane
    Dec 11, 2025 | 12:30 pm
    Pearl Lake Pointe luxury apartment complex Sugar Land.
    Rendering Courtesy of Morgan
    Pearl Lake Pointe is a 376-unit luxury apartment complex slated for early summer 2027 in Sugar Land.

    Sugar Land is welcoming its first new apartment development in more than a decade. Pearl Lake Pointe, a 376-unit luxury community from developers Morgan and Carlyle, is underway at 16435 Creekbend Drive.

    Construction began in November, with an official groundbreaking held this week. “The groundbreaking of Pearl Lake Pointe marks an exciting new chapter for the Lake Pointe peninsula,” Sugar Land Mayor Carol K. McCutcheon said in a statement. “After years of planning and collaboration with Morgan, this project delivers much-needed, high-quality multifamily housing and strengthens our long-term vision for a vibrant, connected district. This milestone will help drive continued reinvestment and momentum throughout Lake Pointe and across Sugar Land.”

    Set across 6.46 acres, the five-story complex will feature five live-work units, a six-story parking garage, and 9,940 square feet of commercial office space. Fitness centers, a resort-inspired pool, a golf simulator, a sky lounge, and a cafe are among the planned amenities.

    Inside the residences, features include open-concept floor plans, quartz countertops, stainless-steel appliances, washers and dryers, and balconies in select units.

    “Pearl Lake Pointe is a unique opportunity to elevate the living experience and set a new benchmark for luxury in Sugar Land,” Kase Pappert, Morgan senior development manager, said. “We are grateful for the City’s partnership and look forward to helping re-energize the Lake Pointe peninsula with a welcoming community that feels like home and connects residents to the amenities right outside their door.”

    Roughly 20 miles from downtown Houston, the site has views of Brooks Lake and is adjacent to the former Fluor corporate campus currently being transformed into the Lake Pointe Green mixed-use development.

    The first Pearl Lake Pointe units are slated for delivery in early summer 2027. Morgan and Carlyle will own and manage the community, with project financing provided by Texas Capital Bank.

    “With Pearl Lake Pointe, Carlyle and Morgan are redefining multifamily living and adding meaningful momentum to address the demand for high-quality housing in the Sugar Land submarket,” said Adam Buchwald, Carlyle managing director and partner. “Partnering with Morgan — an accomplished developer with a strong track record — makes this project even more exciting, and Pearl Lake Pointe is a standout addition to Carlyle’s portfolio of high-quality multifamily developments.”

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