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    around the bend

    Fort Bend paves the way for more residential and retail with massive new development

    Eric Sandler
    Aug 23, 2021 | 1:50 pm
    Fort Bend Town Center rendering
    Fort Bend Town Center continues to grow.
    Courtesy of NewQuest Properties

    Fort Bend County's massive mixed-use development will grow even larger in the coming years. NewQuest Properties announced that it will add 109 acres to Fort Bend Town Square, paving the way for new residential and retail construction.

    The new deal, dubbed Phase Three, includes an 86-acre tract that gives NewQuest control of three corners at the intersection of TX 6 and the Fort Bend Parkway. Located approximately 15 miles from the Texas Medical Center, NewQuest's sale of 23-acres to Sueba USA Corp. will pave the way for construction on four, four-story apartment buildings that will feature amenities such as courtyards, walking trails, and swimming pools.

    "There are many medical professionals of all ages who want high-end, urban-style units outside the city versus what's historically been available," NewQuest senior associate Andrew Alvis said in a statement. "We plan to fulfill that demand while also putting bodies on the ground to further support our retail, restaurant and entertainment tenants."

    Negotiations are underway with potential restaurant and retail tenants for phase three's 200,000 square feet of space. Earlier this month, NewQuest announced that Fort Bend Town Square's phase two would be anchored by a 12-screen Cinemark Theater.

    Phase one of the project includes stores such as Kroger and Petco as well as a number of fast food restaurants.

    Overall, the three phases cover approximately 180 acres and 1 million square feet, which positions Fort Bend Town Square as a top shopping destination in Missouri City. NewQuest's three phases are being touted as the commercial heart of Missouri City.

    "Fort Bend Town Center will be one of the largest mixed-use developments at completion west of the Medical Center," Alvis said.

    city-news-roundupshopping
    news/real-estate

    Homebuying strategy

    The best time of year for deals on Houston homes is coming soon

    John Egan
    Aug 27, 2026 | 10:30 am
    Home for sale sold sign
    iStock
    Back-to-school season turns out to be prime homebuying season.

    Back-to-school season turns out to be prime homebuying season in Dallas-Fort Worth and the state’s three other major metros.

    A new report from real estate brokerage Redfin finds mid-September reigns as the best time for homebuyers to score a deal in Dallas, Fort Worth, and San Antonio.

    The report pegs late August as Austin’s best period for nailing down a home deal, while late September is Houston’s sweet spot.

    “Each homebuyer has their own timeline based on personal circumstances. But seasonality trends suggest buyers in these places looking to score a bargain may want to hit the pavement as summer comes to a close and the leaves start falling,” Asad Khan, a senior economist at Redfin, says in a release.

    “Sellers who put their home in the market in the spring or early summer and haven’t offloaded it yet may be open to dropping their price or offering concessions,” Khan adds.

    Redfin cautions that the best time to buy is more complicated than when a homebuyer is most likely to land a deal. Redfin economists recommend balancing choice and competition when shopping for a home.

    “More inventory to choose from improves the chance of finding the home that’s right for them, and more competition creates more urgency and requires stronger offers to win a home, decreasing the likelihood that buyers will get a deal,” says Redfin.

    Redfin emphasizes that most places in Texas are now buyer’s markets, equipping buyers with negotiating power. In fact, the majority of Texas markets have roughly twice as many buyers as sellers, according to Redfin.

    The Redfin analysis, based on data from Home Economics, looked at three metrics for determining the best times for homebuyers to make a deal:

    • The week when the number of new listings is the greatest compared with the annual average.
    • The week when the number of active listings on the market for 60 days or less is the greatest compared with the annual average.
    • The time when the average home price drops the most heading into late fall or winter.
    news/real-estate

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