MIXED-USE DEVELOPMENT PROJECTS

250 Assay Street – (11/2016) On Tuesday November 15, 2016 McCord Development held the topping out ceremony for 250 Assay St., the first multi-tenant building in Generation Park’s lifestyle district, Redemption Square. The traditional ceremony commemorating the building’s steel structure reaching its maximum height featured a tree lifted to the highest point, which was then affixed to a beam at the top of the building. McCord Development President Ryan McCord was on hand with the rest of the McCord team to welcome the project and construction teams, local officials and community leaders to celebrate an important milestone in the development of Generation Park. 250 Assay St. is Houston’s only curtain walled mixed-use building to break ground in 2016. Each floor of the building features efficient layouts with large offices, useful collaboration spaces and floor-to-ceiling windows with views from every corner. In addition to the office space, the ground floor of 250 Assay St. will feature an array of restaurants. Adjacent to the building, a five floor, 710-car parking garage will provide year-round climate control comfort with a covered connection to the building’s expansive lobby for tenants and visitors to 250 Assay St. and Redemption Square. The five story Class A building is scheduled for completion in June 2017, and one floor of office space is still available with suites starting at 1,950 square feet.

Redemption Square – (4/2016) McCord Development has begun pouring concrete for the first phase of Redemption Square, an urban mixed-use district at Generation Park that will feature a Courtyard Marriott hotel with 147 rooms and an urban apartment project with 243 units, the developer of which is yet to be announced. In addition, McCord has begun preleasing for a five-story spec building with 85,000 square feet of Class A office space and 15,000 square feet of ground-level retail space. A 1,000-space parking garage is also planned. Eventually, Redemption Square — formerly called S.PA — will feature 1.5 million square feet of Class A office space, 800 residential units, 650 hotel rooms, 275,000 sf of retail space and 21 acres of parks. Future phases of Redemption Square will also include an extended-stay hotel, fitness centers and a 4,000-seat auditorium.

Main Street Kingwood –  (1/2016) The 33 acre retail shopping center development will feature a 98,000 sf H-E-B planned to open late 2016 along with a Memorial Hermann 45,000 sf Convenient Care Center scheduled for mid-2017.The development will add a total of 240,000 sf of commercial retail space to the Lake Houston Area. (4/2016) – Mama Fu’s Asian House leased 2,200 sf at Main Street Kingwood, Tenzen Steak Sushi and Bar, Pie Five Pizza Company, VertsKebap, Raising Cane’s and Banfield Pet Hospital have also been announced. Newest announced tenants as of 12/1/2016 now include; El Pollo Loco, Whataburger, Torchy’s Tacos, Potbelly, Starbucks, Nails of America, The Joint Chiropractor, Gadget MD, Pacific Dental, Subzero Ice Cream, Sally Beauty, Great Clips, Orange Theory Fitness.

Intercontinental Commerce Park – A 190 acre mixed-use project by Skymark Development Company. Early reports project that uses will include 145 acres of Light Industrial/Commercial and 42.76 acres of Commercial Retail and potentially Hotel. Updated information on construction timeline will be provided when information is released. Located along Will Clayton Pkwy and Old Humble Rd. May 2014

Generation Park – 4,000 acre master planned commercial, industrial, mixed-use development. Second largest privately owned tract of land in Greater Houston. Located on the northeast corner of Beltway8/Sam Houston Tollway and W. Lake Houston Pkwy will be a 3,924 acre first-class mixed-use development with five districts serving a variety of uses. Office, Distribution Centers, Rail Served Sites, Manufacturing Centers, High Tech, R&D, Regional Medical and Corporate Campus sites are available and shovel-ready. To access more detailed information and learn more click link  http://www.generationpark.com/downloads/GP_FLYER_R6.pdf

Kings Harbor – 20-acre, waterfront mixed-use office, retail and residential development located at 1660 W Lake Houston Pkwy in the Kingwood/Atascocita market in the heart of Northeast Houston. Only commercial property in the Lake Houston Area located directly on the water. Opened in 2010

The Village at Northpark – 240-acre retail center and apartment development at the corner of Northpark Dr and HWY 59 Kingwood. The new Kroger Marketplace is unique because it is a super-sized Kroger which houses a Starbucks, Ashley furniture, Fred Meyer Jewelers, appliances, home goods, fuel center and several other amenities. Opened late 2013

Townsen Landing – Land clearing has begun but no official site plan or tenants have been announced as of the end of 2014. Follow link to view a conceptual land plan of residential, multi-family, retail, and office space proposed. http://www.lakehoustonedp.org/wp-content/uploads/2014/12/121210-Townsen-Landing-Land-Plan.pdf. In late 2015 groundbreaking took place on a new Costco along with a tract of land west of Target that is planned for a 350 lot single family home development with homes projected to be in the low $200’s to $300’s.

Valley Ranch Town Center – Valley Ranch Town Center will be located on 240 acres in the north part of Valley Ranch, a 1,400-acre master-planned community in unincorporated Montgomery County, north of Kingwood. “This isn’t a neighborhood retail center with a grocery store and 200,000 to 300,000 square feet of retail,” Signorelli said. “This is a regional destination for shopping, dining and entertainment.” Broke ground April 2015. Valley Ranch Town Center will include 1.8 million square feet of retail, dining and entertainment and is projected to open in fall 2016 that will eventually grow to about 3 million square feet. As of April 2016 Valley Ranch has secured its first three anchor stores: Sam’s, Kroger and Academy. Six more retail and dining businesses have signed leases and will be moving into Valley Ranch and will provide businesses currently not available to the residents of East Montgomery County. Chick-Fil-A, Chili’s, El Pollo Loco, Freebirds, GNC, Nails of America, Sport Clips, Subway, Supercuts and T Jin’s Asian Café are among some of the new businesses. The first phase of 505,000 square feet of retail is ahead of schedule and projected to open by 4Q 2016. The second phase is expected to open in the spring 2017, adding another 275,000 square feet, and the final phase is projected to be delivered by the end of 2017.


 

This information is provided by the Lake Houston Economic Development Partnership 110 W. Main St. Humble, TX 281-446-2128 Use of this information with or without the consent of the Lake Houston Area Economic Development Partnership is highly encouraged! The information contained herein was gathered from various sources deemed to be reliable; however no warranty or representation, either express or implied, can be made by Lake Houston Economic Development Partnership as to the accuracy or completeness of this information. Copyright © 2017