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Partnership Unveils $15M Retail Project for Four Prime Acres

HOUSTON-A newly formed partnership, led by NewQuest Properties' principal Dean Lane, will break ground in the summer on the 45,000-sf first phase to the 61,234-sf Shoppes at San Felipe, planned for a hard corner in the Galleria submarket.

By Jennifer D. Duell | Updated on April 19, 2005

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HOUSTON-A local partnership has been formed to develop the Shoppes at San Felipe, a 61,234-sf shopping center with an estimated $15-million development tag. Construction on a 45,000-sf first phase is set to begin in the summer on four prime acres in the Galleria submarket.

Dean Lane, a principal with NewQuest Properties of Houston, is teaming with two private investors to develop the four-acre tract at the northeast corner of San Felipe Street and Voss Road, one of the busiest intersections in the metro area. “There’s a lot of demand for new space that is designed well,” Lane says. His partnership has tapped NewQuest Properties to manage the development and lease center, which will serve Tanglewood and the Memorial Villages, two of the city’s most affluent and densely populated neighborhoods.

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