Elevate & Promote!
Welcome to the beginning of fall in the Five Corners District! Students are back in school, the weather is turning cooler, and your board of directors never stop in their efforts to improve our community.
Our District enjoys the unique advantage of a great location, in proximity to the major business centers like Texas Medical Center, Downtown Houston, and transportation sites and corridors such as Hobby Airport and Beltway 8. Having those connections serves the District well with new economic development opportunities as we continue to brand the area with distinctive street signage and promote it as a safe, low-crime area in which to live and do business.
Part of our plan for economic development includes a partnership with the newly formed Tax Increment Reinvestment Zone (TIRZ) 25. The TIRZ will help us attract and fast-track residential and commercial development by financing construction of public infrastructure. Having this infrastructure in place will also lead to more private capital investments.
As we continue to promote Five Corners as an ideal spot to do business, we make sure to highlight the geographic advantages, beneficial partnerships, and abundance of land available for development.
Already, we’re watching a significant new project by Hines investments that broke ground this summer on 80 acres at Beltway 8 at Hillcroft. The new $65 million manufacturing and distribution center will be called Beltway Southwest Business Park and will surely help open the door for attracting other businesses to the area in the future.
Building and maintaining a solid and stable public infrastructure to support economic development means we need to focus on building or improving roadways, sidewalks, esplanades, bridges and underpasses, an efficient water and sanitary sewer system, and public parks. Of course, drainage improvements are also a high priority as the hurricane season reminds us of every year.
All of these things are part of our agenda to elevate and promote Five Corners, and we are making significant progress because we have the enthusiastic support of this thriving community. For that, I want to thank you and encourage you to share your ideas and suggestions as we move forward.
Chairman, Board of Directors
Five Corners District