Sarnoff details new Midtown development
Anyone who has driven through the Elgin/Louisiana area of Midtown recently has probably noticed some serious construction (and occasional lane closures). The Chronicle's Nancy Sarnoff reports on the big development:
One of Midtown's largest landholders has revealed plans for a nearly five-block real estate development around the intersection of Elgin and Louisiana.
Crosspoint Properties has already started construction on a three-story retail building at the corner. And it just fenced off most of the block on the other side of the street between Smith and Louisiana with signs advertising the project, called The Mix @ Midtown.
Crosspoint's George Levan said he believes the revitalization of Midtown and lower Westheimer as restaurant and entertainment destinations will carry over to his project.
"We're looking to play off that trend," he said.
Levan has already leased 50,000 square feet of the building under construction to 24 Hour Fitness, which will open a "Super Sport" concept with a basketball court and swimming pool.
An attached garage will have space for more than 300 cars.
The health club will take the top two floors, and the ground level will have 25,000 square feet of space for shops and restaurants.
[snip]
The attraction is the area's proximity to downtown, a growing residential base and accessibility to highways, he said.
To that end, Crosspoint is planning another 50,000 square feet of retail space on the fenced block.
The retail space could be combined with other uses, Levan said, but construction is not likely to start for at least another year.
[snip]
When it's completed, possibly in 2010, The Mix is expected to have more than 300,000 square feet of retail space.
Accessibility to highways?! Doesn't he realize how close the development is to METRO's transit backbone? It was highly politically incorrect of him to mention highways and not the transit backbone!
And how equally audacious of Crosspoint to be undertaking construction of significant (world-class?) mixed-use properties without the assistance of local pols (who seemingly are willing to throw endless resources at developments like the Pavilions, Discovery Green, the soccer stadium that will make an iffy part of town like Manhattan, a second downtown convention center hotel, an Astrodome convention center hotel, etc.)! That could set a precedent.
BLOGVERSATION: Swamplot.
Posted by Kevin Whited @ 02/24/08 11:12 PM | Houston Miscellany | Technorati | Sphere | Comments (3)
Previous Entry | Home | Next Entry
Trackback
Unfortunately, abusive spammers have forced us to disable incoming trackback pings. The Technorati link should list related posts. Feel free to drop us an email if you've linked a post and would like to let us know about it.
ADVERTISING
DISCLAIMER
All content © 2004-08, blogHOUSTON and the respective authors.
blogHOUSTON.net is powered by Nucleus.
Site design and Nucleus customization are by Kevin Whited.