A new master-planned community with around 2,800 single-family homes is coming to the Baybrook Mall area off Interstate 45 southeast of Houston, with first homes expected next year.
Brookfield Residential Properties ULC is developing Midline in a joint venture with New York-based Coventry Development Corp.’s local subsidiary, CDC Houston Inc. Brookfield Property Partners LP (Nasdaq: BPY), a real estate unit of Toronto-based Brookfield Asset Management Inc. (NYSE: BAM),
acquired Baybrook Mall and four other local malls
as part of a multibillion-dollar deal for GGP Inc. in 2018.
CDC Houston has owned the land — part of what was known as Webster Ranch — since the 1960s. It sold the part that now houses Baybrook Mall to the mall’s developer, Homart Development Co., in the late 1970s, according to the company.
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