Search
 

Local Developer Plans $10M, Class A Office Project

HOUSTON-Midway Cos. plans to develop a four-story, 50,000-sf building near its corporate headquarters in the Post Oak/Uptown submarket. Ground will break when preleasing hits 50%.

By Jennifer D. Duell | Updated on January 25, 2005

HOUSTON-After finding success with a 27,000-sf, class A office building in the Post Oak/Uptown submarket, local developer Midway Cos. plans to build a similar office building nearby. With an estimated cost of $10 million, the project is expected to break ground this year.

The four-story, 50,000-sf building, dubbed 23 Wynden, will be situated on a 1.5-acre site off South Post Oak Lane between Woodway Drive and San Felipe Street. “Midway’s first building is very successful and we think there will be plenty of demand for a small, boutique office building,” says Scot Ison of locally based Axis Property Advisors, who is teaming with Nelson Udstuen to prelease 23 Wynden. Midway’s first building, 34 Wynden, was developed in 2002. Today, it’s fully leased and includes the developer’s headquarters office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.