Partners is proud to offer 1400 Blue Heron Parkway—a strategically located ±23.91-acre development site at the high-visibility intersection of Blue Heron Parkway and Barkaloo Road in Baytown, Texas. Zoned Mixed-Use Neighborhood (MUN), the property is ideally suited for a thoughtfully designed, pedestrian-oriented community featuring townhomes, build-to-rent, or multiplex housing. Set within one of the Houston metro’s fastest-growing submarkets, this site offers the rare opportunity to deliver a destination-style neighborhood that reflects Baytown’s long-term vision for integrated, high-quality development.

The Baytown multifamily market shows positive fundamentals despite short-term occupancy challenges. According to CoStar data, Baytown has an overall vacancy rate of 12.8%, with Class A properties performing better at 7.3% vacancy. Newer Class A properties are achieving rents of $1.55-$1.73 per square foot, demonstrating premium potential for quality developments.

Baytown’s multifamily market is projected to experience average rent growth of 3% annually between 2025 and 2027. This steady growth presents an opportunity to deliver a new product that can achieve premium rents in a market with limited incoming supply.

TRAFFIC

Blue Heron Pkwy = 18,6K VPD

AVERAGE HOUSEHOLD INCOME

1 mile = $76,063

3 mile = $83,146

5 mile = $103,314