Last week saw CDC Houston announce plans for the eagerly awaited Springwoods Village Town Center. The organization treated the public to a phase one development preview, which looks incredibly exciting as it features a full-service hotel, approximately 100,000 square feet of retail space; class A office buildings and around 250 luxury apartment homes. The facility will be located next to the ExxonMobil Springwoods Village campus and it is believed that the Center will be a focal point for the community.
Springwoods Village is a $10 billion mixed-use community and covers a whopping 1,800 acres. It can be found on the west side of Interstate 45 between the Springwoods Village and Grand parkways. The Town Center is to be a fully integrated mixed-use environment that is designed to be eco-friendly with an emphasis on greener living. The Center has been created in a manner that ensures the surrounding area preserves its natural ecosystems and will include the development of ‘energy-smart’ homes. Ultimately, it is hoped that there will be a number of amenities within walking distance to reduce dependence on automobiles.
The Town Center will contain Town Lake with a tree-lined plaza and water feature centerpiece. Amenities, such as Spring Creek Greenway walking and bike trails, will be situated in close proximity to the Center to encourage physical activity. It is hoped that the new Town Center will be seen as an inviting destination for eating, socializing, and relaxing by resident workers and visitors alike. According to the executive vice president of CDC Houston, Keith Simon, this new development will be the heart and soul of the area, because it will be the ideal location for fun and relaxation.
CDC Houston have been aided in the development by a number of high quality firms, including Patrinely Group LLC, Martin Fein Interests Ltd. and USAA Real Estate Co. Patrinely Group LLC is known as a national leader in the field of corporate headquarters and regional office building development. It has partnered with USAA in a variety of developments over the last 30 years and has once again teamed up to create another high quality piece of real estate development. USAA Real Estate Management has more than $12 billion in assets under management and a huge depth of experience when it comes to tackling large projects of this nature.
The office buildings that will front Main Street and Lake Plaza Drive will possibly total more than one million square feet of space. There will be office buildings of different sizes ranging from one mid-rise structure, for smaller tenants, to huge buildings of up to 300,000 square feet. The latter buildings will be designed for the regional offices or headquarters of organizations. Martin Fein Interests Ltd. will create high-end apartment property along Lake Plaza Drive, which includes retail space on the ground floor.
CDC Houston is an organization with almost half a century in the industry and has experience in this field, as it created another mixed-use community back in 2001. The RidgeGate project was developed in Colorado and covered more than 3,500 acres.
Impact News (view source)
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