Problems getting credit have stalled or dashed hopes for many Houston developments, leaving vacant sites, ratty construction fences, and more than a few misleading “coming soon” signs touting unachievable goals. Off Westheimer just west of Mid Lane, though, we’ll have a much bigger and longer-lasting reminder of changed fortunes to look at, for a good long while: The steel frame of the first building in Trademark Property’s High Street project.
Work has stopped.
Nancy Sarnoff tries to explain:
Trademark locked in financing for its $105 million development earlier this year and started building the first of multiple mixed-use buildings planned for the 7-acre site.
The property, on the north side of Westheimer between the West Loop and Highland Village, formerly housed the Central Ford dealership.
Still, Tommy Miller of Trademark said there could be a silver lining to postponing the project. Building costs are falling as fewer projects are being developed.
“Hopefully this delay is going to result in lower construction costs overall,” Miller said.
When it’s complete, High Street will include 100,000 square feet of retail space, 80,000 square feet of office space and 233 residences, according to the developer.
Miller wouldn’t say how much space had been leased, but that the company wants to secure more tenants before restarting the project.
- High Street development on Westheimer put on hold [Houston Chronicle]
- High Street: Under Way [Swamplot]
- High on Westheimer? [Swamplot]
Photos: Swamplot inbox