- Angel/McIver
Interests, L.P. was founded and continues to operate on two solid
principles—strategy and vision.
For more than 15 years, the Texas based land company, founded
on a simple handshake deal between partners David Angel and Michael
McIver, has orchestrated some of the most impressive land
development deals in Houston and the surrounding areas.
-
- Angel/McIver
began purchasing tracts of land in locations such as Houston, Texas
City, Conroe, Huntsville, Willis, and Spring, Texas, prior to the
development boom. The
partners, who demonstrated a unique combination of value assessment
and speed for closing transactions, were able to negotiate sales of
the land to developers interested in creating a variety of shopping,
residential and entertainment outlets in these areas and led the way
to jump-starting many construction booms, leaving a legacy of
enhanced value in communities impacted by the developments.
-
- David
Angel and Michael McIver are pioneers in the field of land
acquisition and sales. David
Angel was involved in successful convenience store sales
concentrated in areas south of Houston.
Michael McIver built an impressive career acquiring land from
Huntsville to Houston. He
was instrumental in shifting the retail center of Huntsville to the
west of Interstate 45 and Highway 30. In addition, McIver’s vision
yielded West Hills Mall the first and the only mall in the area.
These developments continue to allow the citizens of
Huntsville to enjoy a robust retail economy.
-
- The
two friends began working together intermittently on a variety of
land acquisitions in the early 1990s and by the mid 1990s; they
launched Angel/McIver Interests, L.P.
Since then, the partners have taken the land acquisition
company to the next level, by positioning themselves through
strategic land deals, as a powerhouse in the industry with the size
and diversity of their projects.
Although increasingly successful, the company, based in
Conroe, Texas, still operates with their original down home Texas
Style.
-
- In
1994, Angel/McIver purchased two tracts of land along I-45 North in
Spring, TX. In their first major deal, the partners sold approximately
150 acres along the freeway to Fred Haas. One year later, they
shifted their focus to the South along the I-45 Gulf Freeway
purchasing 95 acres in Webster, TX, from LHN Reit, Inc. The
property, which is bisected by NASA Road 1, featured the development
of the first 110,000-sq.-ft. Academy Sports & Outdoor superstore
in Houston, as well as, Final Frontier Fry’s electronic store,
residential properties, restaurants, and ITT Educational Services.
The company continued to purchase land in a variety of
locations surrounding the Houston area, including the purchase of
136 acres in LaMarque, TX, which became two major retail
developments featuring property anchor Wal-Mart, as well as dining
outlets such as IHOP, Sonic and Wendy’s. Angel/McIver later
purchased .6 acres across from the Gulf Greyhound Park dog track,
which they are currently holding for investment.
-
- Currently, Angel/McIver
is focusing on joint venture development deals, thus providing a
full-service operation that rivals large-scale operations
nationally. They sought
to tap into future developments by purchasing land in desirable
areas ready to expand. Properties
of note include a 606 acre strategic land acquisition and joint
venture development in East Montgomery County beginning at the
intersection of Highway 242 and Highway 59 and known as the Lawrence
Industries tract, which they are developing into a multi-phase
combination of residential and retail properties; as well as, 206
acres in Conroe, TX, strategically located along the southeast
corner of I45 and Highway 3083 and continuing to Highway 75, 42
acres of which were immediately sold to Wanamaker for a
400,000-sq-ft. shopping center development that is slated to open in
July 2007.
-
- The
company has recently taken on their largest project to date with the
purchase of the former Six Flags Astroworld amusement park site.
The groundbreaking acquisition of the 104 acre site is one of
the most coveted areas of land in Houston and signifies the highest
profile project in Angel/McIver history to date.
|
|