The subject property (Tract 1of 2) consists of 1.215 acres of undeveloped land located near the NWC of Pearland Parkway and Magnolia Parkway, at the main entrance of Pearland Park Estates, a development consisting of 135 single-family homes. The sites are surrounded by multiple high density single-family developments. Pearland has experienced a development boom and is surrounded by major retailers, restaurants, grocers, and national and local businesses. Pearland Parkway is a major thoroughfare of Pearland touting roughly 18,000 to 33,000 cars per day in areas. The intersection of Pearland Parkway and Broadway St. has become a major retail and business corridor in recent years. *NEW* CITY OF PEARLAND CAPS TREE MITIGATION AT 4% OF DEVELOPMENT COSTS.