When Dense is Good
At Bisnow’s Future of Westchase summit Tuesday, District GM and Texas state rep Jim Murphy laid out Westchase’s impressive density. The submarket is four square miles but packs in 2.4M SF of retail, five college campuses, 16M SF of office, and 53 apartment complexes. Jim’s excited about its new 380 agreement—it’ll allow $60M to $80M to be reinvested into the area. (It’ll go to things like increasing appeal and green space; Jim would love to see a Discovery Green West here.) Above, Jim is second from the left with panelists Granite Properties executive managing director Scott Martin, Old Republic Title operations manager Jeff Webb, PMRG director of leasing John Spafford, Avison Young managing director Rand Stephens, and Cassidy Turley managing director Eric Siegrist.
Thanks to its merger with Thomas Properties, our sponsor Parkway Properties is now the proud owner of 1.5M SF CityWestPlace. (We snapped Parkway’s Steven Alberts, Mike Fransen, Rachel Williams, and Ann Kutach.) Lucky them: CityWestPlace is widely considered the nicest multi-tenant campus in town. Mike says the team has continued to be more impressed with its unique characteristics and is looking for ways to enhance the value proposition there by adding even more amenities.
Many thanks to our sponsor BURY, which is designing the final expansion of Rooms to Go's showroom/distribution center in Katy. The firm did its expansion a few years ago and now it's adding 250k SF more.
Westchase is a major focus for Frost Bank. It’s even a landowner in the submarket; its Corry Williams, Kristie Cherry, and Howard Diskin tell us they’re celebrating the grand opening of its Westchase Financial Center (at Richmond and the Beltway) on March 27. Our sponsor is not just a lender, but offers a full range of financial services.