Capital Retail Properties and Wile Interests have teamed up on a project to turn 1.7 acres along North Shepherd Drive, south of 16th Street, into a 30,000-square-foot center that will bring services and restaurants to a rapidly changing area of the Houston Heights.

The Houston-based developers acquired a 75,000-square-foot parcel at 1533 N. Shepherd, consisting of nine tracts, from a private seller in August.

They chose Austin-based Michael Hsu Office of Architecture to create the Market at Houston Heights.

The developers aim to attract about 10 tenants, including a restaurant, to anchor a 4,000-square-foot building at the southwest corner. A separate two-story, 26,000-square-foot building would house other restaurants, services such as hair or nail salons, and possibly office tenants. The project will also have a 3,000-square-foot central plaza for community or tenant events.

Groundbreaking is targeted by summer, with spaces delivered to tenants for build-out in fall 2018. Houston-based Identity serves as the architect of record for the project.

House of Pies Restaurant and Bakery, a family-operated Houston institution, has signed a 5,742-square-foot lease at 1330 Lake Woodlands Drive, The Woodlands, for a location to open in June. Jeries M. Ganim with Regional Properties Texas represented the tenant. Jon Jamison and JJ McDermott with NewQuest Properties represented the landlord. The chain, which has 24-hour restaurants on Kirby, Westheimer and Fuqua, is seeking freestanding buildings in Sugar Land, Katy, Cypress, Humble and Pearland, according to Ganim.


Reda more: http://www.newstimes.com/business/real-estate/article/Heights-multiuse-project-planned-for-North-12428975.php

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