The project will appeal to office tenants who thrive in collaborative work environments.
HOUSTON—A new mixed-use retail/office development is currently available for pre-lease in the heart of the Montrose neighborhood. Situated as a strategic entryway to Montrose from Midtown, Fairview District–as it will be called–will be comprised of four buildings offering boutique office, restaurant and retail space, as well as a five-story parking garage. Construction is slated to begin January 2017, according to CBRE on behalf of SFT Investments.
“Office tenants today are looking for an experience. They want to be inspired in their work space and also have direct access to progressive retail and dining concepts,” CBRE's Rima Soroka said. “The lines between work and leisure are blurred. By creating a destination where work meets play, the Fairview District is the beginning of a special movement that blends flexibility with choice and provides Houston consumers with the urban experiences that they crave.”
Featuring a creative design concept, which includes industrial elements such as glass, brick and steel, as well as exposed 10-foot ceilings, Fairview District will be a development for office tenants who thrive in collaborative work environments. According to Soroka, who will lease the office component of the development, the office spaces will be suited for a variety of potential tenants in the TAMI (Technology, Advertising, Media and Information) sector, as well as law firms, financial services and others.
“The walkability that will be created in the Fairview District within the forward-thinking Montrose neighborhood will be a key part of the appeal,” Soroka tells GlobeSt.com. “Montrose is one of the only walkable neighborhoods, which will be inspiring in and of itself.”
Josh Jacobs and Lacee Jacobs with EDGE Realty will take the lead on leasing the retail space on behalf of SFT.
“Montrose has served as the cultural hub of Houston for decades,” Lacee Jacobs said. “Fairview District will offer a unified retail and restaurant destination with new, unique concepts that reflect the neighborhood and the city's eclectic and diverse personality.”
Involved in Houston real estate for four decades, SFT has been an early investor in the Montrose neighborhood, winning a 2012 Good Brick Award for its preservation of a historic commercial building at Fairview and Taft, which is home today to Cuchara, Houston's first authentic Mexico City restaurant and Max's Wine & Dive. The developers, architects and community stakeholders have worked together to provide local residents with a thriving pedestrian quarter.
“Fairview District will offer a rare urban experience in Houston: a cultural hub where young professionals and consumers mingle day and night, at work and play,” Fred Sharifi, with SFT Investments said. “We are excited to work with industry-leading partners, such as Gensler, to emphasize the pedestrian character of the neighborhood with ample parking to boot.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
