Developer Eyeing Pearland for Major Mixed-Use Venture

Planned Community Developers is moving ahead with The Orchard at Lower Kirby, a 122-acre mixed-use development located near the intersection of Beltway 8 and Hwy. 288, in the city of Pearland. The development will feature a hotel and conference center, retail and restaurants, including fine dining, multifamily and high-density single-family residential spaces.

Community Impact reports that the development would be divided into three districts: high-density, single-family residential, and mixed-use commercial; and waterfront entertainment mixed-use. The city has an extensive network of lakes, ponds, and creek systems.

Regarding the conference center, Pearland has proposed a performance-based funding model under which the developer would provide the capital to build the center, and the city would reimburse the developer only once the development meets the agreed-upon success benchmarks.