Is Gables Residential’s West Ave development doing so well already that plans are already in place to build the mixed-use development’s second phase? Or are the cause and credit markets so hopeless that architects of a once-hoped-for follow-on project decided they might as well post images of their design, since that’s the most exposure their work will likely ever get?
Ziegler Cooper Architects, designers of the 2727 Kirby highrise going up across the street, now have posted this image of a building on the company’s website. It’s identified it as West Ave Phase II.
And there’s this description:
Phase II of West Ave at River Oaks will be a five acre development at the southwest corner of Kirby and Westheimer and will have 130,000 square feet of office space and 365 apartments, 85,000 square feet of retail, 182,000 square feet of hotel and 1,780 car parking garage when it opens in 2010.
The complex will have five stories of apartments atop two levels of retail space and a small section of office space, where one of the developers, Urban Partners of Dallas, will have offices.
West Ave will have an “organic” feel with primarily local and regional tenants, including clothing stores and restaurants. Restaurants will take up about 45,000 square feet of the retail space. The apartments will average more than 1,000 square feet and rent will go for about $1.75 per square foot. Retail rents are in the $40 to $50 range.
Some parts of that description sound an awful lot like West Ave Phase I, which is still under construction. As HAIF poster lockmat notes, that development is already taking up the southwest corner of Kirby and Westheimer — which means any second phase is likely to move south, closer to Alabama.
Image: Ziegler Cooper Architects