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Here are 11 of Houston’s best-known and up-and-coming mixed-use developments

Mixed-use developments are a mixture of commercial and residential properties. These properties may combine office, industrial, retail and residential space into a single project. The developments present a way to make more efficient use of land while providing a higher quality lifestyle for those who live or work in the developments.

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In Houston’s tight employment market—the unadjusted unemployment rate dropped to 3.5% in October, down from 3.6% in September—the metro has seen a boom in mixed-use development in recent years. The Houston metro created 80,400 jobs, a 2.6% increase, in the 12 months ending October 2019, indicating a gain in momentum. Professional and business services have shown healthy year-over-year gains at 22,300 jobs, followed by manufacturing at 9,100 positions, and health care at 8,400 jobs.

In the competition to attract talent, the ability to offer potential employees exceptional amenities—work/ life balance, entertainment, shopping, and dining all in a community-focused environment—is a top priority. The following are examples of how each mixed-use development is unique in its own way in Greater Houston.

Innovators

1. Greenway Plaza is located between Downtown and Uptown and next door to two of the city’s most affluent residential neighborhoods: West University and River Oaks. Originally envisioned in the late 1960s, it was the first project of its kind in Houston and considered a groundbreaking example of mixed-use development in the country. The current campus, spanning 52 acres, 11 buildings and nearly five million sq. ft., is spread across a system of skyways and tunnels offering amenities such as area hotels, conference facilities, dining, fitness facilities, and numerous walkable green spaces.

2. Springwoods Village broke ground about eight years ago. It is now a massive mixed-use environment that houses several multifamily and single-family housing projects, hotels, restaurants, and a major employment center in Spring. The mixed-use landscape of Springwoods Village has made it more attractive to employers that have relocated to the area, such as ExxonMobil and Southwestern Energy, in addition to ABS headquarters and the HP Inc. campus.

Residential and Retail

3. Regent Square Phase 2 is a mixed-use development near the intersection of West Dallas and Dunlavy streets, just south of Buffalo Bayou Park. The project includes 50,000 sq. ft. of retail space with 600 multifamily units. The retail space is scheduled to be completed in the first quarter of 2021, and the apartments completed later in 2021. Phase 1 of Regent Square included a 21-story residential tower, the Sovereign at Regent Square, completed in 2015. The 24-acre Regent Square district is in the north part of the Montrose area.

4. The Driscoll at River Oaks will be a 30-story residential luxury high-rise located at West Gray Street featuring 318 units. The complex will have 10,000 sq. ft. of retail space and will be within walking distance of River Oaks Shopping Center. Construction began in June 2018 and delivery of units is expected to start in the summer of 2020. Residential, Retail and Office

5. Buffalo Heights is a mixed-use district located in proximity to Houston’s Buffalo Bayou Park, Memorial Park, the Heights, Washington Avenue Corridor and Downtown. The first phase of Buffalo Heights is a seven-story, mixed-use project on approximately 4 acres at the intersection of Washington Ave. and South Heights Blvd. The project, which opened in October 2019, includes a 96,000-sq.-ft. new urban prototype H-E-B, St. Andrie mid-rise multifamily building offering 230 units located above the grocery store, and One Buffalo Heights—37,500 sq. ft. of creative office space.

6. Kirby Collection is a residential, retail and office mixed-use project in the River Oaks submarket. It features a 25-story, 385,000-sq.-ft. residential tower with 199 luxury units overlooking an acre of landscaped amenity deck. In addition, there is 6,267 sq. ft. of prime retail space alongside restaurants and boutiques. The Kirby Collection is also home to a 13-story, 247,000-sq.-ft. Class A office building.

7. Park Place | River Oaks is an 11.5-acre development at Westheimer Road and Mid Lane that includes The James, an eight-story, Class-A mid-rise multifamily building with 344 units, which was completed in July 2016 and The Ivy, a 17-story, luxury residential building with 297 units, which opened in 2017. The third phase is Park Place Tower; a 207,000 sq. ft., 15-story, Class-A office building under construction at 4200 Westheimer Road that will include ground-floor retail. Construction is expected to be completed by spring 2020.

8. The Ion Innovation Hub, a 270,000-sq.-ft. facility which broke ground in July, is scheduled to open in the first quarter of 2021 as the first phase of the planned innovation district in Midtown. The 16-acre district is expected to incorporate commercial development, housing, public spaces and infrastructure. The absorption of another startup hub, Station Houston, will oversee programming at the Ion, which will be housed in the former Midtown Sears building.

Office and Retail in Adaptive Reuse

9. M-K-T is a redeveloped 12-acre industrial lot near North Shepherd and Sixth Street. The mixeduse project will equally divide the 100,000-sq.-ft. heavy office component and the 100,000-sq.- ft. retail portion. It will also include a 2,000-foot urban boardwalk with several acres of park space. The development is scheduled to be completed in Q1 2020.

10. Post HTX is the redevelopment of Houston’s former Barbara Jordan Post Office. When the more than 550,000-sq.-ft. POST Houston opens, the mixed-use building will include office space, coworking space, restaurants, bars, and a food hall. It is also listed to include a five-acre rooftop park and organic farm called Skylawn, supplying ingredients to the restaurants operating at POST Houston. It is scheduled to open in the third quarter of 2020.

11. Sawyer Yards is a retail-driven mixed-use development that converted existing industrial buildings into a 350,000 sq. ft. campus in the Heights. Sawyer Yards is a creative community in Houston’s historic First Ward, surrounded by an active rail yard of 20-plus trains. Industrial warehouses transformed into built- for-purpose studios are now home to one of the largest working artist communities in the country. In addition are creative businesses, public galleries, dining and entertainment venues.

The commingling of offices, homes, stores, restaurants and green spaces—along with new and improved community spaces and development projects—are producing enhanced value for tenants and owners alike, and helping drive Houston forward.


Leta Wauson
Director of Research
leta.wauson@naipartners.com
tel 713 275 9618

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