CityPlace Vision is for an 18-Hour Destination
CityPlace is a 60-acre mixed-use development that, when fully developed, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and multifamily.
SPRING, TX—The aim for CityPlace is to become the new urban center in north Houston, combining the ABS headquarters, Marriott CityPlace and the HP campus nearing completion. This new mixed-use project will consist of a 50,000-square-foot two-story office/retail building and a 50,000-square-foot Star Cinema Grill.
CityPlace is a 60-acre mixed-use development that will provide the growing area of Houston near the ExxonMobil campus with integrated working, shopping and living. When fully developed, the project will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and additional multifamily projects.
It is a joint venture led by Patrinely Group that also includes USAA Real Estate and CDC Houston.
“The vision for CityPlace is an 18-hour pedestrian-friendly work, live, shopping and dining experience in an urban setting,” Robert Fields, president and CEO of Patrinely Group, tells GlobeSt.com. “The addition of Star Cinema Grill’s upscale dine-in theater concept is highly accretive to this vision.”
Springwoods Village is a 2,000-acre mixed-use community situated along the west side of Interstate 45 between Springwoods Village Parkway and the Grand Parkway. Designed for sustainability, the commercial and residential community will provide diverse housing options, civic facilities, outdoor recreation and a mixed-use core, the 60-acre CityPlace.
Patrinely Group is focused on large class-A properties including commercial office, mixed use, hospitality venues and urban class-A multifamily property in high-growth markets. Patrinely has $10 billion in development completed or underway. Its multifamily strategy is to achieve attractive returns through the realization of investment programs for development of high quality, high-density mid-rise and high-rise properties in locations within supply-constrained urban submarkets. These submarkets ideally evidence favorable characteristics for wealth, income, job creation, demographics and fiscal conditions, GlobeSt.com learns.
Patrinely Group develops class A for-rent apartment properties that exhibit favorable mid-term and long-term market fundamentals and dynamics, advantaged micro-location dynamics, product consistency with its target tenant base and sustainable, low-maintenance operations.