The Harris County Housing Finance Corp. and CBRE are seeking a development partner for a mixed-use project just north of Downtown Houston.
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The Hardy Yards workforce housing project would be the redevelopment of a 4-acre site at 800 Burnett St. in Houston’s Near Northside, adding at least 200 affordable housing units and 30K SF of ground-floor retail and commercial space, according to a news release.
It is part of the 11-acre Hardy Yards master plan with more phases of residential, commercial and transit-integrated development. Harris County HFC’s board of directors already approved master developer The NRP Group to build a 223-unit housing complex as Phase 1.
The HFC has now issued a request for qualifications for a Phase 2 master development partner to oversee the 200-unit affordable housing project.
The site is at the intersection of Burnett Street, North Main Street and Fulton Street, adjacent to the Metro light rail and transit station. It was previously part of the Union Pacific rail yard.
CBRE will assist Harris County HFC in the development partner selection process, according to the release.
“We’re proud to support Harris County HFC in bringing this vision to life and we look forward to hearing from the global development community who share our vision for equitable, high-quality urban housing,” CBRE Executive Vice President Peter Jansen said in the release.
The project will be delivered through a long-term ground lease structure, with Harris County HFC retaining landownership and offering potential development ownership structures for financial feasibility.
The HFC will accept qualification submissions until 2 p.m. Sept. 9.
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