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    A New AstroWorld Takes Shape

    AstroWorld replacement is no longer a pipe dream: New $205 million Houston theme park gets its land

    Whitney Radley
    Whitney Radley
    Jul 8, 2013 | 6:04 pm

    Skeptics might have initially written off plans for Grand Texas Theme Park, with its equine mascot, its zip line dreams and its petting zoo splendor, but the pipe dream seems to be moving forward.

    Investors, headed up by developer Monty Galland, officially closed on approximately 600 acres near the Flying J Travel Plaza in New Caney as first reported by Prime Property. (CultureMap was first to write about the proposed park back on Feb. 20). Now construction is expected to begin on the theme park later this year for a projected completion in the spring of 2015.

    "Never before have you had a major theme park depart a market and then be gone for six years with nothing to replace it."

    "This is a huge, huge market," said Chuck Hendrix, a former Six Flags executive who managed AstroWorld. He now serves as CEO of Innovation Leisure Partners, the group slated to manage Grand Texas Theme Park.

    "Never before have you had a major theme park depart a market and then be gone for six years with nothing to replace it," Hendrix continued.

    Cost estimates for the theme park were first anticipated near the $205 million mark, including four dining establishments, a 200- to 400-room hotel plus two limited-service hotels, a reception hall, a chapel, the Big Rivers Water Park, a paintball arena and an amphitheater for live music.

    Judging by the enthusiasm of the park's Facebook fans, those amenities will be well received.

    And a theme park logo stands at the ready.

    Grand Texas Theme Park, logo
    Grand Texas Theme Park Facebook
    And a theme park logo stands at the ready.
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    REAL ESTATE NEWS

    More Houston homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 10:30 am
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of San Antonio homeowners are bcoming "accidental landlords"

    Houston homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 4.2 percent of its local for-sale listings recently converted to rentals, making the Bayou City the second-worst U.S. city for the market trend.

    Only Denver (4.9 percent) ranks higher, with Austin (4.1 percent) and San Antonio (3.9 percent) not far behind. Seven of the top 10 metros are in Texas or Florida.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    Meanwhile, the city's rental market keeps getting larger. In 2025, rental listings website Point2Homes placed the Houston area among the top 10 U.S. metros building the most new homes for rent.

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