It’s mixed use, Houston style! Which means one use over here, and another over there. The Houston Business Journal‘s Jenny Aldridge has a full accounting of plans to divvy up the low-slung (at least in retrospect) Westcreek Apartments once they’re all emptied of renters. As Swamplot reported earlier, work has already begun on a 25-story SkyHouse River Oaks tower and adjacent parking garage on the northern portion of what used to be 2041 Westcreek Ln., one lot south of San Felipe and just west of the Target parking lot.
But Cypress Real Estate Advisors has sold off other parcels already, Aldridge reports. The remaining portion of 2041 Westcreek Ln., just south of the SkyHouse, will become a gated townhome development by Pelican Builders, developers of the nearby Highland Tower; the same company has also purchased the former 2220 Westcreek Ln. building, where it plans to build some sort of midrise residential building. Just north of that spot, on a 3.7-acre parcel that incorporates the former 2040 Westcreek Ln. and a leg extending west, a Dallas company called Peloton Commercial Real Estate plans to insert a 368,000-sq.-ft. office complex called Westcreek Center. A new road connecting once-sleepy Westcreek Ln. to the northbound West Loop feeder will cut east-west between the Pelican and Peloton developments. Cypress plans to hold onto the 2-acre site adjacent to the River Oaks District development for the time being; it’s at 2221 Westcreek. Still for sale: 2 parcels facing San Felipe. Maybe that’s where the strip centers will go?
A tenant of the 2220 Westcreek Ln. building tells Swamplot tenants haven’t been kicked out yet (nor told their apartments will be torn down for a midrise in advance of today’s news), but they did hear about the change of ownership. Since the first of the year, they’ve been making out checks to “Highland Terrace.” That’s a decent guess for the name of the new development on that site that Pelican is planning, unless the company decides, like its soon-to-be neighbors SkyHouse River Oaks and the River Oaks District, that it needs reference to a neighborhood with a little more oomph.
- Westcreek complex plans unfold, two more tracts for sale [Houston Business Journal]
- Previously on Swamplot: What the SkyHouse River Oaks, Not Far from River Oaks, Will Actually Look Like, New ‘River Oaks’ SkyHouse Apartment Tower Wants To Snuggle Up Between Target and the West Loop off San Felipe The Demolition Situation at the Westcreek Apartments, Evictions at Westcreek Apartments Behind So-Called River Oaks District To Make Way for Demolition, Development, Westcreek Apartments: Refinanced, Waiting
Too bad the Hoggs didn’t copyright the name River Oaks, it could have made them fabulously wealthy –wait…….