Wednesday , 18 September 2019
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Atlanta-based Worthing Cos. to Build Multi-Fam in Houston Energy Corridor

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Worthing Cos. will build The Heights, a 342-unit apartment project, in Houston’s Energy Corridor.

HOUSTON  The Worthing Cos. will build a 342-unit multifamily project on a 9-acre site in Wolff Cos.’s Central Park, mixed-use development in the Energy Corridor of West Houston.

Located on the north side of I-10 between North Eldridge Parkway and Texas 6, the apartment, The Heights at Park Row, will open in winter 2014.

Possibly the strongest submarket in the nation, the Energy Corridor area is booming with new construction of all types and its Class A office occupancy is 99 percent.

Headquartered in Atlanta, Worthing  has more than 25 years of experience in the apartment industry, developing more than 30,000 units valued in excess of $2.8 billion.

“The exceptional quality of The Worthing Companies’ properties and plans for The Heights at Park Row fit perfectly with our vision for Central Park to include national and multinational corporations, multifamily living and hospitality,” said David S. Wolff, Chairman and President of Wolff Cos. “Central Park has proven to be ideal for this high-profile development due to our stringent development standards, immediate proximity to green space, unparalleled access and our location in The Energy Corridor – one of the fastest growing submarkets in the country.”

Office construction and job growth in The Energy Corridor is creating the need for upscale multifamily housing in the area. The Energy Corridor is home to more than 300 multinational companies occupying 22 million sf of office space. Another 5.4 million square feet is under construction – most of which is preleased. According to Clark Martinson, General Manager of The Energy Corridor District, “Our 2013 land use and demographics study projects population growth of more than 8 percent within the 30-minute drive-time area of The Energy Corridor, which now comprises more than 2.3 million people and 790,000 households. We need residential housing development in The Energy Corridor, and The Worthing Companies project helps us meet this impending demand.”

In Central Park, Worthing will join MD Anderson Cancer Treatment Center, the No. 1 cancer treatment hospital in the United States, which acquired 34.5 acres in the park in 2012. Phase One of the long-awaited Park Row Completion Project and Central Park West Boulevard were completed in December. Phase Two of the Park Row project will connect Dairy Ashford to Highway 6 and on to the town of Katy, greatly improving mobility in The Energy Corridor.

Parker Associates is the design architect for The Heights at Park Row. Jeff Peden with Cushman & Wakefield of Texas represented The Worthing Cos. in the transaction.

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