SREI VETERANS PARK BUILDING 2 OWNER, LLC in Houston, TX

SREI Veterans Park Building 2 is a tenant build-out project located at 10328 Veterans Memorial Dr., Suite 100, in Houston. The work involves additions to an existing 107,984 square foot shell building, with a total registered square footage of 140,539 sq ft. The project is designated for warehouse storage, distribution, light manufacturing, and fulfillment of paper-based packaging for the future tenant, Smurfit.

The estimated cost for this build-out is $350,000, resulting in a computed cost of $2 per square foot. This figure is below the Harris County median of $100 per square foot for similar additions to existing buildings. The scheduled build window was 61 days, which is shorter than the county median of 182 days for this type of work. The project was privately funded on private land for private use.

Investment & Development Ventures, LLC is the owner of record, with Goree Architects serving as the design firm. Ernest G Taylor is the registered accessibility specialist. The project was registered with TDLR in May 2026, with a construction start date of April 2026 and a target completion of June 2026.

Investment & Development Ventures, LLC has six other TDLR-registered projects totaling $60,137,375, including other buildings at the Veterans Memorial location. Goree Architects has six other registered projects totaling $58,445,000, such as Hightower Business Park buildings. The surrounding ZIP code 77038 has a population of about 31,271 and a median household income of $50,655 according to U.S. Census estimates.

The TDLR status for this project is Project Registered. No plan review or inspection has been recorded since registration, so whether the work proceeded as scheduled is not confirmed in the public record. The Harris County unemployment rate was 5.4 percent in June 2026, higher than a year earlier.