HOUSTON – (Realty News Report) – A 10-screen Star Cinema Grill will be developed in the CityPlace, a mixed-use development north of Houston near the Exxon Mobil campus in Springwoods Village near Interstate 45.
The theater adds to a building boom underway in CityPlace, where three significant office buildings and a hotel are currently under construction.
Star Cinema, a Houston based dine-in theater operation, has signed a long-term lease for the 1,400-seat theater, slated to open in the second quarter of 2019. The master development venture for CityPlace includes Patrinely Group, USAA Real Estate and CDC Houston.
“We are delighted to have Star Cinema coming to CityPlace,” said Robert Fields, president and CEO of Patrinely Group. “It’s exactly the type of experience we are looking for and is a critical part of creating an 18-hour location. We are actively marketing the balance of the retail and are receiving tremendous interest. We hope to be making other announcements soon.”
CityPlace is a 60-acre mixed-use development that will include, when fully developed, 4 million SF of Class A office space with 400,000 SF of retail space, the Marriott CityPlace hotel and multifamily projects.
Currently under construction in CityPlace are: ABS Plaza, ABS headquarters with ground floor retail; HP Plaza, a two-building office campus; Marriott CityPlace hotel; and the CityPlace Plaza, a public open space with an amphitheatre.
In the planning stages is CityPlace 1, which will include 122,700 SF of office and 26,900 SF of retail. Already completed is The Mark CityPlace apartment community by Fein, a Houston firm led by Martin Fein.
“With Exxon Mobil, Southwestern Energy and CHI St. Luke’s Health Medical Campus in place, and ABS headquarters and HP Inc. campus underway, we will have more than 15,000 highly-skilled, well-paid employees and residents within Springwoods Village, all of whom need and want access to quality retail amenities,” said Warren Wilson, executive vice president of CDC Houston. “The addition of Star Cinema Grill is another step in creating a new urban center in north Houston: a truly walkable, sustainable mixed-use destination.”
In the cinema lease, Dennis Tarro of Patrinely Group and Nick Hernandez, Crystal Allen and Chace Henke of Transwestern represented the landlord. Kristen Barker of Wulfe & Co. represented Star Cinema Grill.
Springwoods Village is a 2,000-acre, mixed-use community on the west side of Interstate 45 between Springwoods Village Parkway and the Grand Parkway. The property, located in northernmost Harris County, had been owned by CDC (Coventry Development Corp.) for many years. When it was selected by Exxon Mobil for development of its 3 million SF campus, the development of Springwoods Village finally began, enhanced by the Grand Parkway which was built on the south side of the development.
Feb. 22, 2018 Realty News Report Copyright 2018