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Welcome to the Clay & Company Blog

Clay & Company is a Houston-based commercial real estate auction, brokerage and investment company serving the needs of governmental agencies, financial institutions, insurance companies, and individuals throughout the State of Texas since 1991.

Our regularly updated blog covers local and national news, events, and happenings affecting Houston commercial real estate.

Deal in works over Heights-area Wal-Mart development

The city is negotiating a deal with the developer of Washington Heights — a proposed Wal-Mart-anchored shopping center near Interstate 10 and Yale – that would reimburse the local builder for as much as $6 million in public infrastructure improvements.

If the agreement is approved, developer Ainbinder Co. would widen and repave streets surrounding the project, refurbish bridges near the site, develop a bike and pedestrian trail along a stretch of Heights Boulevard south of I-10 and improve underground drainage, among other upgrades.

The improvements are expected to ease traffic congestion as well as prime the area for other future developments, the developer said.


Many Heights residents have opposed the plan since they learned of it in early July. On Wednesday night, they continued to voice their concerns about a development they feel is incompatible with their neighborhood.

About 500 people attended a public hearing called by Mayor Annise Parker at the George R. Brown Convention Center. About a quarter of those in attendance wore red, as a sign of opposition.

More at chron.com

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