The Woodlands and Cityplace may have some competition for tenants. Halberdier Holdings purchased two and a half acres of prime Hardy frontage at Northgate Crossing—across from Exxon—and it's gearing up for a 100k SF office project.
Owner Trey Halberdier says the building will be probably a four- to six-story single- or two-tenant deal. His team is doing site development planning/schematic design now, and he’ll be hitting the market soon to look for pre-leasing or BTS opportunities. The big draw, besides its proximity to Exxon: great access to the airport and Hardy Toll Road—it has a direct exit. (Perfect if ya gotta skip town...or just like airport food.) The office will be Class-A but more affordable than The Woodlands, and Trey says he’s hoping to outpace competition like Springwoods' CityPlace.
Here's the conceptual design for the Northgate Crossing building. Halberdier Holdings already controls 7.3 acres at Pruitt/Budde due north of Exxon and 42 acres down the street at the SWC of Hardy Toll Road and Riley Fuzzel. It's about to commence horizontal ground infrastructure at the latter, including bringing in utilities. He believes he’ll sell 10 to 15 acres to a multifamily developer, and his team will develop the rest into an office and industrial park. He’s gotten some inquiries from users, but Trey says he’s being patient for the Grand Parkway to deliver and/or for a quality large user to sign on.
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