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    Big Real Estate Deal

    Premium outlet mall appears headed to prime Southwest Freeway location in major real estate deal

    Ralph Bivins
    Oct 30, 2014 | 2:49 pm

    Good news for outlet mall fanatics.

    One of the biggest parcels of available land on the Southwest Freeway is being eyed by one of the world’s best outlet mall specialists — Simon Premium Outlets.

    The great bargains you get at outlet malls — they really cheaper, aren’t they? — will be easily accessible.

    For Inner Loopers, the best part of it all is this: You won’t have to go to the hinterlands to get a fix of outlet shopping. The proposed site is only a 10-minute drive from The Galleria.

    Imagine, no more endless sojourns to distant outlets in Katy, Texas City – or God forbid, San Marcos. The great bargains you get at outlet malls — they're really cheaper, aren’t they? — will be easily accessible.

    Wait! This is more than just an outlet mall story.

    This is a major real estate deal. The ingredients (with apologies to Ken Hoffman, the Houston Chronicle’s majordomo of junk food):

    The site

    The 192-acre site, with an enormous half-mile of frontage on the Southwest Freeway, has been the campus of Texas Instruments, which is vacating the property and selling it off. Located just outside Sam Houston Tollway, between Kirkwood Road and West Airport Blvd, the tract is in the hamlet of Stafford. A lot of this acreage remains vacant and some of it is used for softball fields.

    Of course, vacant land along the Southwest Freeway is a rarity, unless you want to drive out to Wharton, or something. The developer calls this site the biggest chunk of “infill” land anywhere on the Southwest Freeway – and he’s right.

    The vision

    A proposed 400,000-square-foot outlet mall is only a part of this huge development, which will be called Legacy. Other elements include 600,000 square feet of office space, 2,400 apartment units and a hotel. Legacy is supposed to be a live/work/play environment that will appeal to the Millennial generation. (All developers say that these days.)

    The walkable project will have a “public green” and the developer says many of the large oak trees on the property will be retained.

    The outlet mall

    With Simon as the proposed outlet mall operator, the Legacy project will have one of the most formidable retail center developers in the world. Simon manages The Galleria and operates Houston Premium Outlets near Fairfield on the northwest side of Houston, Katy Mills mall in west Houston, plus about 300 other retail centers in North America, Europe and Asia.

    Simon is based in Indianapolis, but don’t let that fool you. This is a world-class retail organization that has deep relationships with every major retailer. Don’t be surprised when you see this mall open with great brands like Burberry, Coach, Cole Haan, Elie Tahari, J.Crew, Kate Spade and Kenneth Cole.

    The developer

    Street Level Investments, a Dallas-based realty firm, is developing the mall. Street Level has a sister company — Edge Realty Partners, which specializes in retail center brokerage around Texas.

    For the apartments that will be built there, Street Level is bringing in JBL Partners, a well-seasoned multifamily developer from Dallas.

    Texas Instruments had been operating at this campus for decades. But in July, Texas Instruments moved out to a building on University Boulevard in Sugar Land. The tech firm still has some employees working on the old campus for a while.

    Street Level expects to close on the land purchase in early 2015 and get busy on this project, which is quite large, says developer Brian Murphy, a partner in Street Level. “We expect to start construction after the first of the year,” says Murphy.

    Then, if everything falls in place, the Southwest Freeway could have an outlet mall in a couple of years, perhaps, in time for Christmas shopping in 2016.

    Ralph Bivins, editor of Realty News Report, is a past president of the National Association of Real Estate Editors.

    A Dallas developer is buying the Texas Instruments campus on the Southwest Freeway for a large development that will include an outlet mall.

    Texas Instruments campus
      
    Photo by Ralph Bivins
    A Dallas developer is buying the Texas Instruments campus on the Southwest Freeway for a large development that will include an outlet mall.
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    A city retreat

    Houston fave Frank Billingsley's house hits the market for $1.5 million

    Holly Beretto
    Jun 23, 2025 | 1:45 pm
    38 Hackberry Lane exterior
    Josh Gremillion for Martha Turner Sotheby's International Realty
    38 Hackberry Lane, currently owned by Frank Billingsley, is on the market for $1.525 million.

    Set just off Mid Lane is a beautiful, custom-built home. Located at 38 Hackberry Lane, the four-bedroom, three-and-a-half bath home with great details is now on the market for $1.525 million, represented by Corey Lipscomb of Martha Turner Sotheby's International Realty.

    With 3,356 square feet of living space and sitting on a lot that’s more than 8,300 square feet, the home is currently owned by Frank Billingsley, current executive producer and co-host of Houston Public Media’s Hello Houston. Audiences will also recall him as the longtime meteorologist for KPRC-TV in Houston.

    Upon entering the home’s double doors, potential buyers will be captivated by the home's dark, hardwood floors, and a dramatic, custom, wrought-iron staircase. The entryway also offers views of the living room, which features a fireplace, recessed lighting, and French doors that lead to a covered patio and the pool. A wet bar with porcelain counters and an ice maker are right off the living room, handy access for sharing cocktails with guests.

    The formal dining room has custom millwork, inlaid hardwood floors, and French doors leading directly to the pool deck. Large windows offer abundant natural light and sweeping views of the backyard.

    The kitchen offers porcelain countertops, a gas range, stainless appliances, and plenty of storage. It’s anchored by an island that has bar seating. A breakfast room is an ideal spot to begin the day with a cup of coffee.

    Upstairs, the primary suite has its own fireplace and sitting room, making it a true owner’s retreat. The primary suite bath has a double sink vanity, seamless glass shower and separate soaking tub, as well as a walk-in closet. The additional bedrooms on the second floor each have a Hollywood bath. The fourth bedroom is on the third floor, with a full bath and walk-in closet.

    The beautifully landscaped yard is perfect for entertaining, with a covered loggia with fireplace, hot tub, pool, and a covered patio.

    With its location not far from Highland Village, Central Market, and the Galleria, this is a home that those who want to be in the heart of it all, while still feeling like they have an oasis in the city.

    38 Hackberry Lane exterior
      

    Photo by Josh Gremillion for Martha Turner Sotheby's International Realty

    38 Hackberry Lane, currently owned by Frank Billingsley, is on the market for $1.525 million.

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