Springwoods Village Town Center plans phase one

HOUSTON - CDC Houston Inc. will construct the phase one development of Springwoods Village Town Center on Town Lake. Phase One of Town Center, beginning construction in early 2014, will include:

• approximately 250 luxury apartment homes;
• a full-service hotel;
• office space in a variety of configurations; and
• up to 100,000 sf of retail space.

Patrinely Group LLC will develop a series of Class A office buildings in a joint venture with USAA Real Estate Company and CDC Houston.

The office buildings that front Lake Plaza Dr. and Main St. will incorporate retail into the ground floors and could total more than 1 million sf. Buildings will range from a mid-rise structure to between 100,000 sf and 300,000 sf.

Fein will build a high-end apartment property with approximately 250 units along Lake Plaza Dr. The property will include retail space on the ground floor, and construction is expected to begin early in 2014. Fein currently is building another apartment property in Springwoods Village, the 342-unit Belvedere on Holzwarth Rd.

Woodbine Development will develop a full-service hotel with significant meeting/event space on the Town Lake, along the southern edge of the Town Center plaza.

Southwestern Energy recently broke ground on its new headquarters in Springwoods Village Town Center. The company acquired 25.6 acres along the eastern edge of Town Lake and the new facility will house more than 1,000 employees. Construction of the 515,000-sf building is scheduled to be completed in late 2014.

Springwoods Village is a $10 billion, 1,800-acre, mixed-use community situated along the west side of I-45 between Springwoods Village Pkwy. and Grand Pkwy.

See previous story Springwoods Village energy jolts 515,000-SF HQ.