Posted Aug 28, 2016, 9:33 PM
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Registered User
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Join Date: Oct 2004
Location: Dallas, Texas
Posts: 440
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Very fancy way of saying.... 'we demoed / prepped the adjacent land and seeded it until we decide what to do next (i.e. phase II or sell it to another developer)......' LOL.. Any amount of green space in this area will be nice.
Quote:
Originally Posted by Urbannizer
[B
Dallas-based Stonelake Capital Partners, the entity behind The James luxury apartment development, is developing a five-acre park at the northeast corner of Westheimer and Mid Lane, Stonelake's William Peeples told the Houston Business Journal. Specifically, the park will be between the railroad tracks that separate Highland Village from the River Oaks District and Mid Lane.
Stonelake is in the process of demolishing the office buildings on the land, including a former Wallis State Bank retail branch and the original location of Kiran's, a longstanding Indian restaurant that recently announced plans to move into the Kirby Grove development. Construction on the park should begin in 60 days, Peeples said. It's unclear how long construction will take.
However, Uptown residents shouldn't get too acclimated to the added green space.
"(The) highest and best use is not a park, but we feel it's a great amenity for the development and the area," Peeples said.
Rather, Stonelake's long-term vision for the prime plot is to develop a luxury mixed-use project. Plans aren't solidified, but the development could include office, retail and perhaps residential units, Peeples said. A timeline wasn't provided, other than Stonelake's plans to move forward with the mixed-use development "when market conditions change," Peeples said.
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