HOUSTON - Westbury Square is being sold to Villas at Westbury Square who plans to tear down the remaining buildings subdivide the land into approximately 110 residential lots.
Company OnStage theater group is the only tenant left in the center, which is near the intersection of West Bellfort and Chimney Rock.
The new owner would sell the lots to residential developers for a gated complex of two- and three-story homes on roughly 2,400-sf plots. The homes would be priced between $350,000 and $400,000.
Market research has shown strong demand for new housing in the area.
Villas at Westbury Square has a development background in high-rise condominium buildings in Florida and medical properties in Houston.
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