Houston: 630-acre The Vintage nears completion

HOUSTON – The Vintage, a 630-acre master-planned community, is nearing completion with less than 50 acres left for new development. The Vintage has a hospital, hotel, thousands of multifamily and single-family residences and more than 500,000 sf of retail and office space.

The remaining retail space available for lease has shrunk exponentially over the last two years with the rapid development of Vintage Park and Vintage Marketplace.

Since Vintage Park was sold from original developer Interfin to Dunhill Partners in March 2012, the 342,000-sf shopping center jumped from 35 percent occupancy to nearly 90 percent.

Vintage Marketplace houses a 40,000-sf Whole Foods grocery store as part of Phase I of the nine-acre center, which also includes 30,000 sf of retail and restaurants.

Vintage Lakes, developed by Kickerillo and Toll Brothers, has only about a dozen homes remaining in the 150-home subdivision.

The Mischer Investments executive vice president said there are five existing multifamily developments within The Vintage housing as many as 1,500-2,000 apartments that are completed or nearing completion.