Lincoln Property Co. and New York Life Investment Management announced plans to reposition Houston’s most notorious mall for $150M.
Demolition of the nearly abandoned Greenspoint Mall will begin next month as the companies start development of CityNorth Industrial Park. The project will transform the 80-acre site at 12300 North Freeway into 1.2M SF of cross-dock and rear-load industrial buildings, along with retail and service uses.
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“I have witnessed both the proud days of Greenspoint Mall and the unfortunate neglect the mall and the Greenspoint community have suffered for too long,” Houston Mayor John Whitmire said in the press release. “I have worked hard with Lincoln and other stakeholders to make Greenspoint … regain its once proud stature with the redevelopment that will bring us the CityNorth Industrial Park.”
The development is expected to support about 300 construction jobs and 1,200 permanent full-time jobs, according to the release.
Houston created the Greater Greenspoint Tax Increment Reinvestment Zone to support revitalization of the area and the redevelopment of the former mall. Lincoln said it is working closely with the city and the North Houston District as plans move forward.
Greenspoint Mall opened in 1976 and faced significant competition as more malls opened north of Houston, including Willowbrook and The Woodlands Mall. Greenspoint lost all of its major retailers and earned a reputation for crime and the nickname “Gunspoint.”
The mall has been mostly abandoned for years, though some tenants were clinging to its last signs of life in 2024.
One of Greenspoint’s last remaining retailers is a Fitness Connection gym, which will remain at CityNorth in a new 45K SF build-to-suit facility planned as part of the redevelopment, Lincoln said in the release.
“The scale of this site gives us the flexibility to accommodate a range of users,” Lincoln Executive Vice President Gabe Lerner said. “CityNorth will serve large logistics and distribution operations as well as smaller companies seeking a strategic North Houston location.”
Lincoln did not release other site plan details, including the number of buildings. It said the first phase of CityNorth Industrial Park is scheduled for completion in the first quarter of 2028.
Powers Brown Architecture is the project architect, Kimley-Horn is the civil engineer, and E.E. Reed Construction is the general contractor.
Northmarq's Warren Hitchcock advised on the joint venture partnership with New York Life. Lincoln’s Kevin Wyatt, Robert Willard and SuAnna Sanchez are handling leasing, with Lincoln’s Zach Thomas and Luke Evans supporting the transaction. Jim Vann of Moody Rambin provided brokerage services.
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