Abandon City Right of Ways

TREY ERWIN | 713 830 2191 | trey.erwin@colliers.comWALKER BARNETT, SIOR | 713 830 2127 | walker.barnett@colliers.com

+ 15.26 ACRESBingle Rd & Tidwell RdHouston, Texas 77092

DEVELOPMENT OPPORTUNITY

Bing

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Tidwell RoadCastlebay St

Highrock St

Grovehill St

Millport St

Northwest Freeway

Bing

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90 New Town Houses Under Construction

Coming Soon

0.6 Miles to Hwy 290

SITE

+15.26 Acres

The site is located on the southeast quadrant of Tidwell Road and Bingle Road and just north of Hwy 290 in the Oak Forest

West area. The tract is zoned to Houston ISD and is centrally located in Northwest Houston near major retailers and adjacent

to the 51 acre Mustang Cat Houston Headquarters. The property will benefit from the estimated 2018 completion of the Hwy 290

expansion, encompassing a total of five general purpose lanes in each direction with the new I-10 direct connector and one reversible HOV/Toll lane.

> Located near one of the busiest arteries in Houston, Texas

> Growing population of 338,709 people within a 5 mile radius with an average household income of $71,909 in 2016

> High traffic volume with over 36,000 CPD on Bingle Road

Property Highlights > Total Available: ±15.26 Acres

> Out of 100 year floodplain

> City of Houston utilities

> Utilities adjacent to site

> Ideal site for single family residential or industrial development

> 0.59 Miles from Hwy 290

> Seller will convey Abandon City Right of Ways with fee title at closing

OpportunityDEVELOPMENTin Northwest Houston, TX

Abandon City Right of Ways

PROPERTY SURVEY

5599 SAN FELIPE, SUITE 1420HOUSTON, TEXAS 77056www.grullersurveying.com

PROFESSIONAL LAND SURVEYING

Course Bearing DistanceL1 N43°02'13"E 21.21'L2 N01°57'59"W 5.00'L3 N88°02'13"E 50.01'L4 S01°49'52"E 5.00'L5 S46°57'47"E 21.21'L6 S43°02'13"W 21.24'L7 N46°57'57"W 21.21'L8 N88°02'13"E 49.98'L9 N01°57'47"W 50.00'L10 N01°57'47"W 50.00'L11 N01°57'47"W 58.95'L12 S01°57'47"E 50.00'L13 S01°57'26"E 25.00'L14 N01°57'59"W 25.00'L15 S01°57'47"E 25.00'

Highrock Street

Grovehill Street

Millport Street

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> Total Available: ±15.26 Acres

> 290 Feet of Frontage on Bingle Road

> Harris County Key Map 451B

290

Feet

of F

ront

age

+ 15.26 Acres Development Opportunity

Pinemont DriveHempstead Rd

Tidwell Road

N Ho

usto

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ssly

n Rd

Bing

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Woodland Oaks

Inwood Pines

Inwood Club Estates

Inwood North

West Little York Rd

W Montgomery Rd

Victory Dr

West Little York Rd

Woodwind Lakes

Langwood

Oak Forest West

Spring BranchCentral

Pinemont PlaceBuilt in 2016

15 Total homes with 5 remaining

Northwest Fwy Oak Forest EastOver 93 homes for sale ranging

from $374,000 to $1.3M

Oak Forest East

90 New Town Houses Under Construction

Coming Soon

0.6 Miles to Hwy 290

+ 15.26 Acres Development OpportunityHWY 290 IMPROVEMENT PROJECT

The project consists of adding one additional general purpose lane in each direction from I-610 to SH 6, with a one lane reversible HOV/Toll lane in the center. The entire program is approximately 38 miles long and includes a direct connector from the Hwy 290/I-610 interchange to I-10. Estimated completion is late 2017 into early 2018. December 2016 saw the opening of the new westbound lanes from W. 34th St. to Hollister that are now suspended over Bingle and includes the new exit to Bingle/Pinemont.

The left image shows the new direct connector from I-10 to Hwy 290/I-610, for which the contractor has completed most of the decking from Old Katy Road to W. 18th Street. Work is also progressing on the I-610 northbound frontage road at W. 18th Street, shown by the image on the right – For more information on the project, visit www.my290.com

I-10 Direct Connector

Tidwell Road

Bingle Road

1m radius 3m radius 5m radiusPopulation 16,407 145,006 342,786Avg. HH Income $44,269 $54,307 $69,558Total Employees 11,526 60,144 164,514Total Businesses 622 4,788 13,358

TRAFFIC COUNTSBingle Rd at Tidwell Rd 35,000 CPDPinemont Dr at Bingle Rd 17,000 CPDBingle Rd at Hwy 290 36,000 CPDHwy 290 at Hollister St 199,000 CPD

TREY ERWINAgent | Owner713 830 2191trey.erwin@colliers.com

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2016. All rights reserved.

COLLIERS INTERNATIONAL1233 W. Loop South, Suite 900Houston, Texas 77027713 222 2111www.colliers.com/texas

Contact Us

Demographics (2016 Est.)

GROWINGpopulation342,786 (5m radius)

WALKER BARNETT, SIORAgent713 830 2127walker.barnett@colliers.com

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents

sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all other, including the broker’s own interest;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent/

AS AGENT FOR BUYER/TENANT: The broker becomes the buyers/tenant’s agent by agreeing to represent the buyer, usually though a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker to

each party (owner and buyer) to communicate with, provide opinion and advice to, and carry out theinstructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose:• That the owner will accept a price less than the written asking price;• That the buyer/tenant will pay a price greater than the price submitted in a written offer;

and• Any confidential information or any other information that a party specifically instructs the

broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISHED: • The broker’s duties and responsibilities to you, and your obligations under the representation

agreement.• Who will pay the broker for services provided to you, when payment will be made and how the

payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposed. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage services to

prospective buyers, tenants, sellers and landlords.

__________________________ ______ ______________________ ________________

Licensed Broker/Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

__________________________ ______ ______________________ ________________

Designated Broker of Firm License No. Email Phone

__________________________ ______ ______________________ ________________

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

__________________________ ______ ______________________ ________________

Sales Agent/Associate’s Name License No. Email Phone

____________ _____________ _______________

Buyer/Tenant/Seller/Landlord Initials Date

Colliers International | 1233 West Loop South, Suite 900 | Houston, TX 77027 | Main +1 713 222 2111 | Fax +1 713 830 2118 | www.colliers.com

Colliers International Houston, Inc. 29114 houston.info@colliers.com (713) 222-2111

Gary Mabray 138207 gary.mabray@colliers.com (713) 830-2104

Patrick Duffy 604308 patrick.duffy@colliers.com (713) 830-2112

C.E. "Trey" Erwin, III 611573 trey.erwin@colliers.com (713) 830-2191