Montgomery is moving ahead with its next water plant after the City Council awarded an approximately $8.35 million construction contract Sept. 22.

Council approved awarding the Water Plant No. 4 project to Schier Construction Company for $8,354,190 and authorized the city to execute the contract. The vote passed without opposition.

What you need to know: The project will include a new water well and elevated storage tank as the city adds capacity to its water system.

Diving in deeper: Council also discussed the construction timeline. Officials said the city initially considered requiring completion within 420 days but received feedback that contractors could increase their bids to account for the tighter schedule.

Instead, the contract allows 500 calendar days and includes $2,500 in liquidated damages for each day the project runs beyond that deadline.

Officials said the project is funded through the city’s 2026 certificates of obligation and work can move forward once the contract, insurance, bonding and other required documents are completed.

According to a July 23 filing with the TDLR, Wells Fargo Bank will be opening a location within the H-E-B in Montgomery.

What we know: Wells Fargo offers personal, business, investment and wealth management; and corporate and commercial banking services, according to the company’s website. The company is a national bank with over 6,000 locations.

• Opening late 2027

Investment companies Lincoln and New York Life announced a partnership and acquisition of the former Greenspoint Mall site to redevelop the property. The 80-acre site will become CityNorth Industrial Park, a 1.2 million-square-foot development designed to serve the logistics and industrial demand in Greater Houston.

Key details of the redevelopment project include:

• Demolition on the site is expected to begin in October.

• The site will house cross-dock and rear-load industrial buildings alongside retail and service uses.

• The development is estimated to accommodate 1,200 full-time jobs upon completion.

• The first phase of construction is expected to be complete in the first quarter of 2028.