HOUSTON--After nearly two years of thoughtful planning with the city of Stafford, Dallas-based StreetLevel Investments and joint-venture partner Provident Realty Advisors Inc. today announced the purchase of 192 acres, which includes the former Texas Instruments (TI) campus. The firm will move forward with plans for the creation of an expansive, mixed-use development, a first for the city.
Located at the gateway to Fort Bend County, the reinvented mixed-use destination will be the urban center of southwest Houston, connecting a dynamic group of adjoining neighborhoods. This vibrant environment will weave together a prospective 350,000 square feet of destination retail and dining concepts; 2,400 residential units; Class A office space; two fully-integrated hotels; a health club; entertainment; and sweeping green space together in a walkable urban center.
"The project will have unparalleled accessibility, visibility and proximity to thriving residential communities and become a distinctive destination and vibrant gathering place for all of southwest Houston," Adam Schiller, Managing Principal, StreetLevel Investments, told GlobeSt.com.
A center point of the project will be a central food hall, where artisan chefs and local purveyors will come together to create an authentic market highlighting the food and flavors of Houston. This will be a daily gathering place and year-round culinary destination. The high-end shopping options will include notable brick-and-mortar stores, as well as inspired pop-up shops showcasing one-of-a-kind and emerging retail and food concepts. The heartbeat of the development will be the central park, a community gathering and event space activated with live music, patio dining, community events and a farmers market. The development will also preserve heritage oak trees located on the site and incorporate them into the design. The finished product will include public parking garages, as well as ample street parking. Portions of the original TI buildings will be preserved and repurposed, helping to maintain the site's authenticity.
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