The Houston Association of Realtors has been making changes to help keep the residential real estate market going amid the coronavirus outbreak while also keeping people safe.

HAR President and CEO Bob Hale spoke at a Tuesday, March 24, Harris County Commissioners Court meeting about the need to include residential and commercial real estate among the list of “essential” services exempt from Harris County’s new “stay home, work smart” order. Currently, $2.4 billion of residential real estate is pending sale, with $800 million scheduled to close in the next 10 days, HAR said in a statement.

When Harris County’s written order was released Tuesday afternoon, it classified real estate services among professional services that are essential “when necessary to assist in compliance with legally mandated activities or to further essential businesses, essential government functions, or critical infrastructure.” Even before the order was released, HAR already was developing a platform for virtual open houses and virtual showings, per the statement. The platform would allow customers to watch the tours and open houses on HAR.com at scheduled times, and HAR members would then be able to share the recordings on their agencies’ websites and social media.

“The safety of our members, their clients and families is the most important thing to us during this difficult time,” HAR said.

Even before Harris County’s March 24 order, HAR has been taking steps to adapt amid the pandemic. On March 20, HAR announced that information about open houses would not be displayed on HAR.com for most Texas markets, including Houston and Austin, effective immediately.

“Most of the national real estate franchises and many large brokers have either canceled all in-person open houses or are strongly encouraging their agents not to hold them,” HAR said in a March 20 press release. “Realtors are urged to utilize virtual open houses and video tours to help slow the spread of the coronavirus.”

Many Realtors told the Houston Business Journal last week that they were canceling open houses and opting to show their listings via apps like FaceTime and Skype. Others have begun to post video tours of properties online.


Houston’s commercial property values will continue to trend upward in 2020 as demand for development opportunities expands amid the region’s positive job growth, according to Deal Sikes, a leading Houston-based valuation firm.

“Although there are a few exceptions, the real estate market in Houston is headed for another good year,” said Mark Sikes, a principal with Deal Sikes. “The region’s economy is healthy and although the energy industry is in a lackluster period, the overall economic outlook is outstanding.”

Houston’s industrial market is attracting interest from around the nation and research indicates that more than 15 million square feet of warehouse space are under construction in the Greater Houston area.

“Prices for land or urban infill development property has risen significantly in recent years,” Sikes said. “Rising land prices have pushed the wave of industrial development farther away from the center of the city and outer suburban land prices have increased accordingly.”

Property values in the urban core of the city remain strong as developers and builders locate buildings for redevelopment or seek sites that are appropriate for new construction, Sikes said.

“Multifamily construction is strong in Houston and researchers report more than 25,000 units are now under construction, although the pace is expected to be slightly more moderate in 2020 as the new inventory is absorbed,” Sikes said. “Investor demand is good and multifamily valuations have not yet peaked in most submarkets.”

Newer office buildings and Class A towers under construction are leasing briskly, although Houston’s office market is the most sluggish sector.

The Texas Medical Center, where more than 100,000 people are employed, is a source of growth for Houston and several hospitals and research facilities are expanding.

“Houston’s commercial real estate values will be on a solid upswing in 2019,” said Matthew Deal, a principal with Deal Sikes. “With Houston expected to gain population significantly in the next decade, the long-term forecast must include rising property prices that will be very impressive over the long haul.”


Olin Corp. is renovating a 62,500-square-foot office building in Lake Jackson to create a Technology and Administration Center that will serve as the main building for its Texas operations. The Missouri-based chemical manufacturer will consolidate more than 200 employees from seven area offices to 604 Highway 332 when renovations are completed this summer.

Olin, which has 1,200 employees in the Freeport area, worked with the building owners to create a collaborative work environment. The building, which allows room for future growth, will have a training hall with seating for 130. Dallas based owner/developer St. Ives Realty and partner LandPlan Development are leading the construction. Houston-based Osborn & Vane Architects designed the renovations and LSI Construction is handling construction. Olin will maintain its office in the Energy Corridor.

San Antonio-based Kairoi Residential was hired by a joint-venture of Argosy Real Estate Partners and InvestRes to provide property management services for Kingsland West, a 305-unit apartment community at 18325 Kingsland Blvd. in the Katy area. The joint venture acquired the property, which had been damaged by Hurricane Harvey and subsequently renovated, in November 2018.

Spring Branch Independent School District purchased a 22,381-square-foot warehouse on 4.7 acres at 2425 Campbell Road, from Camnora Ltd. Brad Elmore of NewQuest Properties and John Leggett of Leggett Properties represented the seller, a partnership that includes several investors who live in Spring Branch. The site, originally planned for townhome development, will be used for the expansion of Northbrook High School. PBK is the architect for the project, while Satterfield & Pontikes will handle construction.

Mond Properties purchased a vacant 95,170-square-foot office building at 10500 Richmond Ave. David Carter and Jeff Peltier of Colliers International assisted the seller, a commercial mortgage-backed securities (CMBS) trust represented by special servicer LNR Partners. The building, which lost Worley Parsons as its sole tenant in 2018, is on five acres at the corner of Richmond and Rogerdale in the Westchase District.

Hackbarth Delivery Service leased 49,701 square feet at 1350 Salford Drive. Harper Gully with CBRE represented the tenant. Ed Bane with Bridge Commercial Real Estate represented the landlord, Stonelake Capital Partners.

Riverstone Property Management purchased an 18,643-square-foot office building at 1000 FM 1960 W. from A-K Texas Venture Capitol. David K. Meyers of NewQuest Properties represented the seller. Friedman Real Estate represented the buyer.

Othon leased 13,761 square feet at 575 N. Dairy Ashford. Gary Lawless and Dustin Cruz with Cresa represented the tenant. Steve Rocher and Kristen Rabel with CBRE represented the landlord, I-10 EC Corridor #2 LP.

Zohra and Riyaz Momin purchased a 3,380-square-foot four-plex at 415 W. Polk St. in Montrose. The buyers plan to fix up the 1930s building and rent the suites. Jojo Tharayil of Excel Realty Co. represented the buyers. Cotton Munson of Davis Commercial represented the seller, GFK Associates.

Advanced Analysis leased 7,150 square feet at Wynwood Business Park, 7245 Wynnpark Drive. Will Austin with Bridge Commercial Real Estate represented the tenant. Garret Geaccone and Boone Smith with Stream Realty Partners represented the landlord, KKR.

Associated Energy Group/AEG Fuels, a provider of aviation fuel and services, subleased 5,630 square feet at 8686 New Trails Drive in the Woodlands. Ryan Dierker of Newcor Commercial Real Estate represented the subtenant. Angela Barber and Tim Gregory of JLL represented the sublessor, ETCL Woodland LLC.

JobSparx, an employment resources firm, renewed its 2,655-square-foot office lease at 14500 Torrey Chase. Zack Wheeler with Newcor Commercial Real Estate represented the tenant. Jason Gibbons of the Finial Group represented the landlord, 14500 Torrey Chase LLC.

 


Lee & Associates was awarded the leasing and management of five Houston office buildings totaling 430,000 square feet in 2019.

The company’s landlord agency team will lease and manage 550 Westcott (83,366 square feet); 4101 Interwood (80,000 square feet); 1505 S. Highway 6 (63,487 square feet); 16430 Park Ten Place (110,408 square feet) and 10101 Southwest Freeway (102,292 square feet).  The buildings range from Class A to Class B.

“Our recent success has been due to the depth of our team and the focus we have on technology and platforms for today’s digital marketplace,” Robert LaCour, Lee & Associates principal said in an announcement.

Lee & Associates added a property management group in 2019. The company specializes in commercial real estate services for office, industrial and land real estate investments


Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of The Shops at Champions, a 16,112-square foot retail property located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Alex Wolansky and Gus Lagos, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a private investor, was secured and represented by Gus Lagos.

The Shops at Champions is located at 6265 Cypress Creek Parkway in Houston, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.


A little while back, I wrote about how an emerging new category of workplace alternatives are attracting attention from both the venture community and some of the commercial real estate’s biggest players.

One such company is Austin-based Swivel, which has developed an agile leasing platform and network. The startup just raised $8 million in Series A funding led by Jim Breyer of Breyer Capital (who’s also backed the likes of Facebook and Spotify). Breyer is contributing $5 million of the capital. JLL Spark, the venture arm of commercial real estate brokerage giant JLL, put up the remaining $3 million. The financing brings Swivel’s total raised to $14.6 million, according to its Crunchbase profile.

Swivel raised an $850,000 seed round in 2016 and then another $1 million in June 2017. In 2018, the company brought in another $4.8 million in what Swivel founder and president Scott Harmon described as a Seed 2 round.

The startup has been testing its model across Texas, mostly in Austin and some in Dallas and Houston.

“Everything seems to be proven right and working,” Harmon told Crunchbase News. “So we raised this round to scale up nationwide.”

How it works

Harmon founded Swivel in late 2016 with some initial incubation capital from Floodgate. He and Floodgate Co-Founder Mike Maples had started and sold a software company together in the late 1990s called Motive and decided they wanted to work together again.

They both had a passion for “simplifying the office,” Harmon said and felt like the commercial real estate office market needed to be disrupted.

Swivel Founder Scott Harmon

So how does it work? Pre-qualified member companies can contract with Swivel’s landlord partners for turnkey office space on flexible terms with little or no upfront capital expenditure and no lease lock-in.

Landlords use the company’s agile leasing platform to backstop their leases for member companies. (I wrote about a similar startup, Landing, recently that is focused on flexible apartment leases). Using Swivel, leases are typically a 12-month commitment with a maximum of four years.

Clients are able to use Swivel’s software to configure and design the space however they want; most offices are between 3,000 and 10,000 square feet. Companies need only to give 60 to 90 days notice before moving out and they are not charged any penalties or move-out fees and don’t have to deal with subleasing.

Since its network launch in 2019, Swivel has signed up over 30 landlords representing more than 150 properties across Austin, Dallas, and Houston.

What it is and what it’s not

Harmon is quick to point out that unlike other flexible workspace operators such as WeWork or Knotel, Swivel is not a landlord. It does not lease space.

“We’re more like a VRBO for office space,” he told me. “People who own properties use our technology and platform to lease to new tenants on more flexible terms. Landlords make the money and share their profits with us.”

For example, a landlord can open up two floors in a building specifically to be listed via Swivel. They can charge a (10 to 20 percent higher) price per square foot because of the flexible terms, but it will still come out to about half the cost of a co-working space, Harmon said. The swivel will completely furnish the space, and “the building becomes more valuable,” according to Harmon.

“We work with hundreds of landlords,” Harmon said, “and we allow them to make more money by bringing a different kind of client into their building and providing a new class of service.”

Swivel is also not out to replace commercial real estate brokers, opting instead to partner with them so it saves money on marketing as well. It works out well for all involved, Harmon said.

Looking ahead

Swivel’s target market is tech-enabled companies in their growth phase, which make up about half of the tenants leasing through its platform. (It works with tenants such as Dremio, Graylog, Guideline 401k, hOp, Plivo, Samcart, TalentRobot, and Verify.)

The process is a more appealing one to tech upstarts that simply prefer a more digital process in general.

“They’re just used to the flexibility and that sort of convenience in other parts of their lives,” Harmon said.

But Swivel has also helped a number of multinational companies that require flexibility for their satellite offices.

The company plans to use its new capital primarily to expand across the U.S. in 2020. It is in talks with landlords in Boston, New York, Northern Virginia, Charlotte, N.C., Los Angeles, Salt Lake City, Utah, Denver, and San Francisco.

“Expansion cities are a finite list and expand based on how our landlord partnerships unfold,” Harmon said. “Landlord partners will determine the order and timing of opening up each market.”

For his part, Breyer believes Swivel’s business model is an ideal approach to help landlords be able to meet the evolving needs of tenants.

“As a VC, one of my mantras [to portfolio companies] is ‘don’t sign anything longer than two years,’ ” Breyer told me. “Real estate hasn’t kept up with that, as the leasing business hasn’t yet been tech-enabled, particularly in very important markets, like Silicon Valley and Austin.”

In general, he also believes flexible leases will become more and more important in general given workforce needs.

“The next generation thinks about flexibility first and foremost,” Breyer told me. “Swivel gives landlords the opportunity to attract the tenants of the future.”


Rendering of the Hewlett Packard Enterprises project which is under construction north of Houston.

A joint venture of Patrinely Group, USAA Real Estate, and CDC Houston, announced the start of construction on a two-building campus for the offices of Hewlett Packard Enterprise, north of Houston.

Scheduled for completion in spring 2022, the Hewlett Packard Enterprise development will consist of two 5-story buildings located at the southwest corner of East Mossy Oaks Road and Lake Plaza Drive and include 440,000 SF of rentable space.

Located in Spring, this development will house the fourth major corporation to choose CityPlace at Springwoods Village, joining HP Inc., Southwestern Energy and the American Bureau of Shipping.

“Breaking ground on HPE’s campus is another major milestone reinforcing CityPlace as the most important and vibrant, 18-hour mixed-use destination in north Houston,” said Robert Fields, President, and CEO of Patrinely Group, the managing partner of the joint venture. “2019 was a significant year with the opening of ABS headquarters, the HP Inc. campus, Star Cinema Grill, 24 Hour Fitness, and two Class A multi-tenant buildings, CityPlace 1 and 1401 Lake Plaza Drive.”

Pickard Chilton is the design architect; Kirksey is the executive architect; REES is the interior architect; D.E. Harvey Builders is the general contractor. Ronnie Deyo, John Roberts and Beau Bellow of JLL represented Hewlett Packard Enterprises. Dennis Tarro of Patrinely Group, and Chrissy Wilson and Russell Hodges of JLL represented the landlord.

The project will have a parking garage with 2,055 spaces.

CityPlace is a 60-acre mixed-use development providing the growing area along the Grand Parkway corridor near the 3 million-SF Exxon Mobil campus.

When fully developed, the project will include a full-service Houston CityPlace Marriott, 8 million SF of Class A office space with 500,000 SF of retail space and multifamily projects.

The development’s five to 10-story Class A office buildings will offer parking at a ratio of up to 4.5 cars per 1,000 rentable square feet, with spaces located in all structured parking.

CityPlace is the commercial center of Springwoods Village, a 2,000-acre master-planned community, 20 miles north of downtown Houston.

 


Atlanta Developer Launches 540-Acre Intermodal Port Near Houston

Atlanta-based Stonemont Financial Group recently launched phase one of its 540-acre Southwest International Gateway Business Park in El Campo, Texas, around 60 miles southwest of Houston.

“We have officially closed on the land and completed all of our designs, and we’re in the process of breaking ground as we speak,” Stonemont Financial CEO Zack Markwell told FreightWaves during an interview Wednesday.

The new park, which could house up to 8 million square feet of industrial space, is located along Interstate 69, almost midway between Houston and San Antonio, and about 200 miles from the U.S.-Mexico border.

The first phase of construction will include two warehouses: a 125,000-square-foot distribution center and a 200,000-square-foot speculative warehouse. The park will have full intermodal and transload capabilities once completed in 12 to 15 months, according to Stonemont officials.

Vitro Chemicals, a subsidiary of Monterrey, Mexico-based Vitro, has already signed on as a tenant for the 125,000-square-foot distribution center. Vitro is one of the largest glass manufacturers in the world.

Markwell said another reason they picked El Campo was to capitalize on its location along the Kansas City Southern Railway NYSEKCS.

“We have been working with KCS for the last four to five years in finding the optimal location where we had frontage on their line and then also frontage on I-69,” Markwell said. “All of that is a very strategic location to the Houston market, but also the important markets of San Antonio, Austin, and Dallas.”

KCS’s major hubs include Kansas City, Missouri; Shreveport, Louisiana; New Orleans; Dallas; and Houston. KCS’s Mexico-based affiliate, Kansas City Southern de México (KCSM), operates across northeastern, central, southeast-central and southwest-central Mexico.

Markwell said by connecting the new industrial park to the KCS rail line, Mexico-based manufacturers can use KCS for cross-border shipping from their factories in Mexico, all the way to the park, and closer to major distribution centers in Houston, San Antonio, and Dallas.

Tenants will also benefit from customs preclearance that enables users to bypass rail and highway backups at the border crossing, as well as avoid backlogs of truck and rail traffic at existing regional parks and ports closer to the congested Houston metro area.

“Our manufacturers in Mexico are moving the border north — if you think about it that way — where they are coming from Mexico, coming to Laredo today and then breaking down and either drawing from that point or staying on and switching carriers and going throughout the United States and distributing back into Texas,” Markwell said. “What we’re doing is moving that border north to just 62 miles outside of Houston and serving it from that point.”

The park will also be part of a Foreign Trade Zone (FTZ), with additional local and state economic incentives available for tenants.

Ridgeline Property Group, an Atlanta-based commercial real estate development firm, is partnering with Stonemont to develop Southwest International Gateway, Business Park.

Pittsburg, Kansas-based Watco Companies will operate the short line railroad connecting the buildings to the KCS mainline. Houston-based NAI Partners will oversee leasing at the park.


HOUSTON, Feb. 12, 2020,/PRNewswire/ — A joint venture of Patrinely Group, USAA Real Estate, and CDC Houston, today announced the start of construction on Hewlett Packard Enterprise’s (HPE) new campus. Located in Spring, Texas, this development will house the fourth major corporation to choose CityPlace at Springwoods Village, joining HP Inc. (HPI), Southwestern Energy (SWN) and the American Bureau of Shipping (ABS).

Scheduled for completion in spring 2022, the HPE development will consist of two buildings located at the southwest corner of East Mossy Oaks Road and Lake Plaza Drive and include approximately 440,000 square feet of rentable space. The two, 5-story buildings will have a bridge connector at each level for easy accessibility and structured parking for 2,055 cars.

“Breaking ground on HPE’s campus is another major milestone reinforcing CityPlace as the most important and vibrant, 18-hour mixed-use destination in north Houston,” said Robert Fields, President, and CEO of Patrinely Group, the managing partner of the joint venture. “2019 was a significant year with the opening of ABS headquarters, the HP Inc. campus, Star Cinema Grill, 24 Hour Fitness, and two Class A multi-tenant buildings, CityPlace 1 and 1401 Lake Plaza Drive.”

Within the HPE campus, amenities will include a fitness center, café, kitchen and pharmacy, laboratory and office space, and a large central courtyard with a multi-use basketball pavilion, fitness/yoga lawn, water feature, outdoor tables, seating and games, and a large green space lawn. Adjacent to HPE’s main conference center will be a green roof terrace. The development is planned to achieve LEED Silver certification.

A primary location for core research and development, the HPE Houston site will support customer engagement, sales operations, supply chain, and other global functions for the company including finance, HR, and marketing.

Antonio Neri, President, and CEO of Hewlett Packard Enterprise stated, “We are very excited to be breaking ground in CityPlace for our new Houston office. This bright and vibrant workspace we’re constructing will excite our team members with world-class amenities, and features design elements that bring our teams closer together to further inspire innovation and our culture.”

Pickard Chilton is the design architect; Kirksey is the executive architect; REES is the interior architect; D.E. Harvey Builders is the general contractor. Ronnie Deyo, John Roberts and Beau Bellow of JLL represented HPE. Dennis Tarro of Patrinely Group, and Chrissy Wilson and Russell Hodges of JLL represented the Landlord.

“With today’s announcement, it is clear that major employers are recognizing the benefits of Springwoods Village’s location and its high quality, walkable, mixed-use environment as we continue to create an unparalleled new employment hub,” said Warren Wilson, Executive Vice President of CDC Houston, the master developer of Springwoods Village.

CityPlace is a 60-acre, fully-integrated, mixed-use development providing the growing area along the Grand Parkway corridor near the ExxonMobil campus with a new destination of choice, integrating working, shopping and living. When fully developed, the project will include a full-service Houston CityPlace Marriott, 8 million square feet of Class A office space with 500,000 square feet of integrated retail space and additional luxury multifamily projects. The development’s five to 10-story Class A office buildings will offer parking at a ratio of up to 4.5 cars per 1,000 rentable square feet, with spaces located in all structured parking. CityPlace is the commercial center of Springwoods Village, a 2,000-acre master-planned community. For more information about CityPlace at Springwoods Village visit www.cityplacespringwoods.com

Springwoods Village is a 2,000-acre sustainable master-planned community coming to life in Spring, just south of the Woodlands and 20 miles north of downtown Houston. The community is a new model of sustainability and greener living for the Houston region, preserving its natural ecosystems, building energy smart homes, and reducing dependence on the car by providing a walkable mix of retail, dining, offices and public amenities. The community is home to ExxonMobil, HP Inc., ABS, and Southwestern Energy corporate campuses, several residential communities, a Kroger-anchored retail center, 290 acres of green spaces, including a 150-acre Nature Preserve, and more. When completed the sustainable residential and commercial community will provide diverse housing options, civic facilities, outdoor recreation and the 60-acre CityPlace with office space, shopping, dining and lodging in a walkable environment.

 


The par 3, like the rest of the course, also is deep inside the 100-year floodplain. Cypress Creek, which forms the club’s southern and western boundaries, jumped its banks and flooded the course in the Memorial Day and Tax Day storms. Four feet of water filled the clubhouse during Hurricane Harvey; it did not fully recede from the course for two weeks.

The club’s frustrated owner last week sold the 27-acre site containing the clubhouse, tennis courts and swimming pool for $11.5 million to the Harris County Flood Control District, which plans to raze the buildings. The county plans eventually to acquire the remaining 206 acres of the club and course and use the site for massive detention basins.

The initial transaction is emblematic of the county’s all-of-the-above approach to flood control. As engineers search for places to store stormwater, especially in heavily developed areas, the flood control district increasingly is turning to golf courses.

“Well over 600 homes experienced flooding in the general vicinity of Raveneaux Country Club in our recent flood events, from 2015 to 2019,” said Matt Zeve, the flood control district’s deputy director. “There’s a large need for stormwater detention volume in the Cypress Creek watershed.”

With an influx of capital from the $2.5 billion bond voters approved in 2018, the flood control district has more cash for a land acquisition than at any point in its history and golf courses often are ideal sites for detention projects, Zeve said. They frequently are located next to bayous, abut neighborhoods in need of protection and already are cleared of trees. They also have a single owner, allowing for a quicker acquisition than the county’s typical piecemeal approach to purchasing flood-prone properties.

A Chronicle analysis of the county’s interactive floodplain map found more than 30 Harris County courses at least partly inside the 100-year floodplain, from municipal links to the private Golf Club of Houston, which hosts an annual PGA Tour event.

Harris County’s push for better flood protection, made more urgent after Harvey flooded more than 200,000 homes in 2017, comes at a time when Americans are playing fewer rounds of golf. About 10 percent of courses in the United States closed between 2006 and 2018, according to the National Golf Foundation, a research firm for the industry.

A glut of course building in the 1980s and ‘90s and a 30 percent decline in golfers since 2000 have been major causes of club closures. Houston’s climate is a blessing and a curse for course owners; tee times are available year-round, though several clubs have been subjected to repeated flooding.

Harris County decided against rebuilding the Bear Creek Golf World course after it was swamped by Harvey. The storm also inundated Kingwood Cove Golf Club for the third time in two years, convincing the owners to sell the parcel on the San Jacinto River to developers. The City of Houston closed the money-losing Brock Park course after it flooded in 2016.

Voluntary buyouts

Zeve said several courses have approached the county about selling out. Ongoing negotiations are secret until a deal is reached, he said, though he encouraged interested owners to call the flood control district. The county is open to deals where courses can remain open while helping reduce flooding, he said.

“If a golf club wants to re-do their course … so that during a storm event, that course can temporarily store some stormwater, and maybe provide some flood damage reduction benefit, we’re happy to partner,” Zeve said.

Sometimes, flooding experts and residents in vulnerable neighborhoods try to move the process along. Phil Bedient, a professor at Rice University’s severe storm think tank, said much of Meyerland would be protected if Westwood Golf Club and Braeburn Country Club on Brays Bayou were used to store floodwater. He proposed partnerships in which clubs agree to host detention projects and the county commits to repairing courses after storms. He said the county should seize needed property, if necessary.

“It’s better to clean up a golf course than thousands of homes,” Bedient said.

The general manager at Braeburn declined to comment; his counterpart at Westwood did not respond to requests for comment.

Zeve said he sometimes gets frantic calls from course owners who suspect the county is trying to force them to sell. He assures them all course buyouts are voluntary.

Former golf courses also are attractive acquisitions for developers, as they often are the only open parcels in densely populated neighborhoods. Commercial real estate developer MetroNational bought the former Pine Crest Country Club in Spring Branch and in 2017 flipped the property to a homebuilder.

Houston City Council unanimously approved permitting 900 homes on the site, which sits almost entirely inside the 100-year floodplain. Several civic groups opposed the project and questioned city leaders’ commitment to flood protection. Just weeks earlier, council members enacted stricter floodplain building standards.

Zeve said the flood control district would have liked an opportunity to purchase the Pine Crest plot for a flood mitigation project. Ed Browne, founder of advocacy group Residents Against Flooding, said Pine Crest was a missed opportunity. He said the group “wholeheartedly supports conversion of golf course lands to regional detention basins.”

The county jumped at the chance to dig detention ponds on the former Inwood Forest Country Club on White Oak Bayou. The City of Houston purchased the 227-acre site in 2011 to build two basins; the county joined the project three years ago to construct an additional 10. The volume of water that can be stored there exceeds that of the Astrodome. In southeast Houston, the Clear Lake City Water Authority partnered with a nonprofit to convert a former golf course into a 200-acre detention pond.

Final round

The county’s deal with Raveneaux allows the club a year to wind down operations and sell equipment.

A foursome of retirees, all longtime members, said during a recent weekday round they doubted a detention basin would provide many benefits.

“They’re going to buy these big, expensive buildings, tear them down, and put a hole in the ground,” said Ben Mason on the 14th fairway. “It won’t hold much water.”

Bernie Hollenshead said the flood control district instead should build a long-debated third reservoir in northwest Harris County, to complement the existing Addicks and Barker dams. The quartet conceded, however, they are biased in favor of keeping their tee times.

The shame in the Raveneaux sale, club Vice President Lou Mills said, is the course never has been in better shape. Greens and sand traps are in pristine condition, and the course looked verdant on a recent soggy morning.

He conceded Cypress Creek poses a constant threat, however. Walking along the second hole, he pointed to a section of the waterway that swelled during a recent three-quarter-inch downpour. He said residents of the Champions Forest neighborhood north of the club, where tony homes top $1.3 million, are wary when the forecast includes rain.

“Every time there’s a rain event here, they’re all freaking out,” Mills said. “The minute you get rainfall, this becomes a raging river.”

Harris County Commissioner Jack Cagle, whose Precinct 4 includes Raveneaux, said he has sympathy for residents who bemoan the community’s loss when the club closes. The stately clubhouse, modeled after a French chateau, has held weddings, retirement parties, and other events since the late 1970s.

The prospect of providing badly needed flood protection on the site, however, is too golden an opportunity to pass up as neighborhoods along Cypress Creek continue to fare poorly in storms, he said. Cagle’s own home, three miles downstream from Raveneaux, flooded during Harvey.