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Kalikow involved in Houston development |
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Edward Kalikow, president of Westbury-based development firm The Kalikow Group, has entered into a joint venture for the residential development of a 287-acre parcel in Texas. The joint venture consists of Kalikow and Eugene Shalik and their partners Al Brende and Courtey Grover of Land Tejas Companies, based in Houston. The joint venture - Westheimer Lakes North Associates - is moving ahead with the $32 million residential development in West Houston.
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The subdivision in West Houston will be used for the development of a 1,138-unit, single-family-home community. To date, Kalikow said all of the lots have been pre-sold to two regional builders, D.R. Horton Homes and Legacy Homes. Kalikow spokesman Aaron Siegel said the firm is the equity partner in the joint venture. The land was acquired a year ago for $5.5 million. Site development commenced in July and is scheduled to conclude in five to six years. |
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