New Master Planned Community Announced in Rockport, Texas

February 11, 2019

Press Release – For Immediate Release:

New Master Planned Community Announced in Rockport, Texas

456 Workforce Housing Units

Construction to begin in March 2019

 

Rockport, Texas – Pearl Point, a new 34-acre master planned community in Rockport, Texas was announced today by developers Uhr Real Estate, Inc. and Frew Development Group, LLC.  Pearl Point will be home to “The Residences at Pearl Point” with 456 rental apartments and “Pearl Point Center” featuring retail and commercial uses.

Pearl Point is located in the City of Rockport at the intersection of Pearl Street (a/k/a FM2165) and SH 35 Bypass where the two roadways create a triangular property with the “Point” at the intersection to the south.

The Residences at Pearl Point will be professionally managed by Greystar and will feature three-story “garden style” apartment buildings, a clubhouse with on-site management, a community room, fitness facility, business center and swimming pool, garages, pedestrian pathways and green space.  It will be constructed in two phases, with Phase I scheduled to begin in March 2019 with completion by August 2020.  Phase I will provide 96 one-bedroom units, 114 two-bedroom units and 6 three-bedroom units.

“Pearl Point answers the call from community leaders for new housing following the devastation of Hurricane Harvey,” said Mark Uhr, owner of Uhr Real Estate, Inc.  “Pearl Point will become a benchmark within the City of Rockport and will be an integral part of the Aransas County Disaster Recovery effort.  From my experience developing the 200-unit Oaks at Bentwater Apartment Homes in Rockport I know that Pearl Point will be a highly sought-after destination.”

Statement from Aransas County Judge C. H. “Burt” Mills, Jr.: “When Uhr Real Estate and Frew Development Group approached the County last year with this proposal, the Commissioners’ Court voted to approve this assistance to the Aransas County citizens.  This project relieves the need for immediate and affordable housing and could also address the need for infrastructure in the area.  We look forward to the completion of the project and the revitalization of Aransas County.”

Statement from Rockport City Mayor Patrick R. Rios: “The City of Rockport is pleased to announce that we have partnered with Uhr Real Estate and Frew Development Group to address the community needs for housing.  Hurricane Harvey devastated all multi-family housing in Rockport.  The Residences at Pearl Point will be a welcomed and needed addition that will provide a phased apartment development in a very desirable location in the City of Rockport.  Our community needs and deserves this project after everything we have experienced.”

“We are proud to partner with Mark and John at Pearl Point,” said Tommie Ann DeLeon, Regional Property Manager for Greystar.  “We have a long engagement with the Gulf Coast housing market and Pearl Point will support local housing needs.”

“We have spent the last year preparing to build and our team is ready to go” said John Frew, President/CEO of Frew Development Group, LLC. “We will deliver the clubhouse and first residential buildings by March 2020 and all of Phase I before school starts in August.”

Designed by award-winning architects Kelly-Grossman of Austin, the buildings will be constructed to withstand 150mph winds, similar to what the area experience during Hurricane Harvey in August 2017.  The Pearl Point project team consists of the following:

  • Developers/Construction Management: Uhr Real Estate and Frew Development Group
  • Architect: Kelly Grossman Architects, LLC
  • Leasing and Property Management: Greystar Real Estate Partners, LLC
  • Interior Design: Witt & Witt
  • Civil Engineering: Lippke Cartwright & Roberts
  • Structural and Windstorm Engineering: Sterling Engineering

About Uhr:  Uhr Real Estate, Inc. is a Rockport-based real estate development company. Mark Uhr is a long-time dominant home builder in Aransas County and was the developer of the 200-unit Oaks at Bentwater, the only major multi-family rental project in Rockport built in the last 20 years.  For more information, visit www.rockportproperties.com.

About FDG: Frew Development Group, LLC is a private real estate development and construction management company based in Denver, Colorado. Founded in 2003, FDG has managed more than two million square feet of renovation and ground-up construction in the office, commercial, retail, residential and hospitality sectors.   For more information, visit www.frewdevelopment.com.

About Greystar:  Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and property management of rental housing properties globally. Headquartered in Charleston, South Carolina, with offices throughout the United States, UK and Continental Europe, Latin America, and Asia-Pacific, Greystar operates in over 180 markets globally and is the largest operator of apartments in the United States, managing over 491,000 conventional units/beds. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors. Greystar oversees approximately $115 billion in assets under management, including $32 billion across our investment portfolio, with nearly $12 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental housing real estate business. To learn more, visit www.greystar.com.

For More Information Contact:

Mark Uhr: 361-729-7474 mark@rockportproperties.com

John Frew: 303/333-1788 jfrew@frewdev.com

Greystar Media Contact: Tricia Peters, 602-522-1228 tpeters@greystar.com