[Urbannizer]

Generation Park Updates

New Construction & Development Still Needed in Key Areas of Houston, Like Generation Park

Though the Houston market has slowed dramatically, construction and development is still happening in places that need it. Generation Park, northeast of Houston, is one such place. With a $130M pipeline (including hotel and multifamily projects breaking ground in the next few months and a 75% pre-leased office building underway), McCord Development is learning how to build a city from scratch.

With strong demand in the area, the office building in the works is already 75% pre-leased. Stolt Neilsen will move its corporate HQ to a 6-acre tract in Redemption Square. The area is ripe for multifamily as well. There's only one Class-A asset in the entire submarket, and it only has 12 units. With 2,000 new FMC employees in the area, the fundamentals look good for leasing another couple of hundreds units. The details are still in the works, but Ryan tells us McCord will be breaking ground on a new multifamily development in the next six months.

The Smith Travel report shows there's not a hotel within five miles of Generation Park either. Surprise—McCord is jumping on that opportunity as well. A 147-room Courtyard Marriot is set to break ground soon with structured parking nearby.

To build up the submarket properly, McCord approached FMC to do a survey, asking what types of things the workers wanted in the area. Some of the results were surprising, like auto care and doggie daycare. To that end, McCord is also working on ground-floor retail and a multi-tenant fitness center. But wait, there's more! Lone Star College and San Jacinto College have inked deals at Generation Park. The projects are focused around Redemption Square, a mixed-use development on the doorstep of FMC Technologies. Once completed, Redemption Square will feature 1.5M SF of office, 650 hotel rooms, 800 residential units and 275k SF of retail.

250 Assay St., Redemption Square

Only one office level and retail space remain available.





Redemption Square High-Rise

Offering breathtaking vistas of serene West Lake and easy acess to the vibrant lifestyle center of Redemption Square, our Redemption Square High Rise features over 300,000 SF of Class A office space. From ground floor retail options to a 14,100 SF penthouse level with enviable views, you're sure to find the ideal location for your business.

The Offices at West Lake

Our Offices at West Lake features four mid-rise buildings in a wooded campus setting with 25,000 and 50,000 SF floor plates available. With exceptional access to our thriving lifestyle center Redemption Square, Beltway 8 and West Lake Houston Parkway and close proximity to the multi-use trails circling beautiful West Lake, what more could you want?

Lone Star College to break ground in massive mixed-use development

Lone Star College Kingwood plans to host an Oct. 4 groundbreaking ceremony for its Process Technology Center, a 40,200-square-foot facility on 8.3 acres in Generation Park, according to a release. The facility seeks to train students for entry-level careers as process technologists and operators in a range of industries from petrochemical to pharmaceutical. A recent report finds there's a growing need for middle-skilled jobs in Houston.