HOUSTON – Developer DC Partners and partner Tianqing Real Estate Development have announced plans for a mixed-use development on Allen Parkway, just west of downtown Houston.
The proposed $500 million development will have a condominium tower, hotel, office and retail space.
The 6-acre site is across the street from the Federal Reserve Bank building on the south side of Buffalo Bayou, at the southeast corner of Gillette Street and Allen Parkway.
The 180-room Thompson-branded hotel will be developed by Two Roads Hospitality of Denver.
A 200,000-SF office component is being leased by Paul Coonrod and Craig McKenna of Stream Realty. Retail leasing will be handled by Nick Hernandez and Crystal Allen of Transwestern.
DC Partners, a Houston-firm led by Roberto Contreras, is experienced in using the federal EB-5 program, which allows foreign-born investors to obtain visas if they make a significant purchase of real estate in the U.S.
The project is designed by the HOK architecture firm. “We have applied our deep understanding of urban development with an eye to leading-edge design and exacting detail,” says Roger Soto, design principal for HOK’s Gulf Coast region. “We are pleased to work with DC Partners to create a living and business experience that is a truly unique Buffalo Bayou focused urban development.”
Tianqing Group is the largest real estate company in China’s Gansu province, with over 36 million SF in developments ranging from high-end commercial to large residential developments, hotels and retail, schools, and cultural destinations.
April 25, 2017 Realty News Report Copyright 2017