NEWS

Audubon, which spans nearly 3,000 acres near Texas 249 and FM 1488 in Montgomery County, has about 550 acres are reserved for mixed-use development. The developer sold 20 acres to XAG Group in June 2023.

The firm is developing a three-story office building with a $12 million price estimate, according to plans filed with the Texas Department of Licensing and Regulation. The cost to build the 41,000-square-foot building approaches $300 per square foot.

XAG Group bought 20 acres of land to build a mixed-use retail center that will include a multifamily community. XAG will build out the project in two phases in the 3,000-acre Montgomery County master-planned community known as Audubon.

A 30,000-square-foot, two-story retail center is slated to open in early 2024 in Audubon, a master-planned community spanning nearly 3,000 acres off FM 1488 in Magnolia. Audubon Magnolia Development LLC announced in a June 12 release it had closed on approximately 20 acres in Audubon for XAG Group to construct a lifestyle retail center and multifamily community.

Nathaliah Naipaul is the CEO and partner of XAG Group, a development and private equity firm in Houston.  Naipaul employs her extensive work experience to support the company’s mission of valuation creation and sustainability for clients. This value system is especially evident in the newest division of the company portfolio, XAG Properties.

XAG Group is a private equity, commercial real estate investment and development, brokerage, and property management company founded in 2017. The company primarily focuses on acquiring, developing, and managing retail, mixed-use, and commercial properties in the Houston area and has development projects in Louisiana. With over $200 million of investments and developments in its portfolio, XAG Group consistently keeps value and services at the forefront of its commitment to clients. Their methodology of being a multi-disciplinary, comprehensive investment and development company is helping them win deal awards and recognition in the CRE industry.