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Developers seek to build mixed-use development within Tomball city limits

A team of developers presented plans for a mixed-use planned development near the northwest corner of FM 2920 and FM 2978 to the Tomball City Council. It is seeking approval from Tomball’s Planning and Zoning Commission to rezone the property from single-family housing to a planned development.

Damon Palermo, president of Palermo Corporate Real Estate Advisors in The Woodlands, and Jerry Hayley, president of White Oak Developers Inc in Conroe, have teamed up to form 2978 Panormus LP and are proposing to build a 34.4-acre mixed-use planned development known as Peck Station within the city limits of Tomball.

“We feel strong about the product we can bring to Tomball as a catalyst to help propel the development of the east side of the city, an area of town that has been dormant for some time,” Hayley said.

Palermo and Hayley purchased the parcel of land for their proposed development in November 2013. The development is intended to capitalize on the influx of people coming to the Tomball area as a result of the opening of the Baker Hughes Western Hemisphere Education Center, Hayley said. He said the large investment Baker Hughes has made in Tomball was the impetus for the start of development on the city’s east side.

Peck Station will offer multifamily housing options, office space and commercial uses, and a hotel. It will also extend Winfrey Lane to connect Snook Lane to FM 2978. If approved, the development will take about three years and will cost an estimated $50 million, Hayley said.

Before the proposed idea for Peck Station can move forward, the city’s Planning and Zoning Commission must first approve the rezoning of the land intended for the planned development, Tomball City Manager George Shackelford said.

The application for rezoning to a planned development will be presented for consideration at the April 14 Planning and Zoning Commission meeting.

“Our biggest hurdle in this project is going to be getting the land rezoned,” Hayley said.

Shackelford said, if approved, the development would be built within Tomball city limits and would directly benefit the city in areas such as sales tax revenues and hotel occupancy tax revenues.