Our last stop in Houston was the City Centre. Brandon Houston the Director of Development for Midway Properties gave us a great overview of the property. This was also great mixed use development off the Sam Houston Freeway over 38 acres. The property boasts over 425,000 sqft. of retail, 450,000sqft. of office space, a hotel with 244 rooms and 525 residential rental units. This property was constructed over an old mall where they kept the garages and tore everything else down and started their construction. The key aspect about this property is how they purchased the property and key thing is to buy right. Midway purchased this property at a very good price which allowed them the flexibility and room to do everything they wanted to do with this property. Some of my take-aways from Brandon Houston are to always be creative and to be open minded.
No comments:
Post a Comment