Phase one's $200 million residential tower has 13,000 square feet of prime retail space.

HOUSTON—The lines continue to blur between retail and housing as numerous projects are more of a mixed-use variety. One recent example is from Caydon, which recently closed on a 30,300-square-foot site with a 31,408-square-foot building, its third in Midtown.

With the first phase of the project already under construction at 2850 Fannin St. and the purchase of the car parking lot adjacent to the Greensheet building earlier this year, the new space will complete the parcel to deliver a mixed-use development spanning three city blocks. Currently, the third site is occupied by an art supply store on Main Street, which will be relocating to a newly built building in early spring 2019 to allow for the new development.

“It's a phenomenal accomplishment for Caydon to secure the third parcel, which brings us one step closer to delivering an exciting mixed-use district in one of Houston's most lively neighborhoods,” said Joe Russo, principal of Caydon. “Caydon takes pride in creating developments that encourages a sense of community and supports people's health, happiness and a desire for a convenient lifestyle. My team and I see great potential in this city, and our plans for this dynamic project will ultimately reveal a destination that compliments Midtown's lively spirit and energetic lifestyle for years to come.”