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+/- 4.89 Acres on W. Tidwell Rd

Houston, TX



ADDRESS: W. Tidwell Road, Houston, TX    
PRICE: TBD by Market
STATUS: Available

 

AREA HIGHLIGHTS 

Location

The Property consists of 4.89 acres on West Tidwell Road just north of Highway 290 in northwest Houston. It has 692 feet of frontage on West Tidwell Road and is adjacent to the Northwest Crossing shopping center. The Property is zoned to Cypress-Fairbanks ISD, one of Houston’s largest and best performing school districts.

Accessibility

The Property’s proximity to Highway 290 makes any Houston destination easily accessible. Nearby employment centers include the Galleria/Uptown district, Greenspoint Business District, and many businesses along the 290 corridor. Local retail and entertainment options include the Sam Houston Race Park, Northwest Mall, and Jersey Meadows Golf Course. 

Major Employment Centers (Approximate distance from Property)

Uptown District (7 miles)

  • 14th largest business district in the United States with over 23 million SF of office space Galleria Class A, tier 1 office rents ($35.53) are approaching the CBD rents ($36.87) for the first time in the market’s history

  • BHP Billiton recently executed a 560,000 SF lease which represents significant commitment by one of the largest companies in the world

  • Home to over 2,000 companies including Apache Corporation, BHP Billiton, Cameron International Corporation, Hines REIT, and Weatherford International, Ltd.

  • Several projects (mixed-use and office) that are under construction or proposed and are expected to bring an increase in renter demand: 

    • BLVD Place: Phase II of BLVD Place will include 119,000 SF of retail space and 92,000 SF of office space (Summer 2014); Phase III of BLVD Place will include an office building for Apache Corp.

    • BBVA Compass Tower: offers 300,000 SF and was the first tower to be built in the Uptown District since 1983 (recently completed)

    • 3009 Post Oak: Skanska nears completion of their 300,000 SF office tower

    • BHP Billiton Tower: Will build a 30-story, 560,000 SF tower (Opening 2016)


Greenspoint Business District (8 miles)

  • Covers 12 square miles and hosts Bush Intercontinental Airport

  • 4,400 business establishments, 20 major companies, 55,000 employees

  • Major employers (employees) include Exxon Mobil (1,800), UPS (4,300), Baker Hughes (1,600), Halliburton (1,300), and United Airlines (700)

  • Approximately 80 energy related companies

  • 18 million square feet of retail, office, and industrial space


Energy Corridor (7 miles)

  • Comprised of more than 19 million square feet of office space

  • Responsible for 36% of Houston’s total office absorption in the past three years

  • Office space projected to increase by 10.7 million SF by 2030

  • 84,000 employees with an expected 128,000 by 2030

  • The largest employers include BP America (9,537), Shell Oil Company (3,000), and ConocoPhillips (2,600)

  • Currently constructing an additional five million square feet of office space


Healthcare (Approximate distance from Property)

Memorial Hermann Northwest Hospital (5 miles)

  • 260-bed facility with 500 affiliated doctors

  • Includes the Family Birthing Center, Ambulatory Medicine Center, Outpatient Testing Center, an orthopedic/surgical unit, an intensive care unit and a public medical research library 

Memorial Hermann Memorial City Medical Center (5.5 miles)

  • Hosts Memorial Hermann Healthcare campus, totaling 2.5 million square feet of space

  • Recently underwent $92 million expansion, adding 1.5 million square feet

  • More than 1,600 employees, 1,000 medical staff physicians and 300 volunteers

  • Four medical plazas including award winning heart and vascular institute and a newly constructed 33-story Class A medical office tower comprised of 915,034 square feet

  • Offers local residents 434-bed facility with ER services, a Women’s Center, and a Cancer Center

  • Newly finished 22-story Westin hotel offering 267 guest rooms and upscale amenities

Close to Retail and Entertainment (Approximate distance from Property)

Northwest Crossing Shopping Center (adjacent to Property)

  • Target, Shoe Carnival, Best Buy, Northwest Vision, Dots Fashions, Styles for Less, Dollar Tree, Big Lots

  • Chili’s, Red Lobster, Chick-fil-A, Whataburger, James Coney Island, Freebirds World Burrito, Smoothie King

NW Central Drive & Northwest Drive (1,500 feet)

  • Cinemark

  • Pappadeaux Seafood Kitchen, Pappasito’s Cantina, Logan’s Roadhouse, and Fuddrucker’s

Highway 209 & Hollister (2,000 feet)

  • Walmart, Old Navy, Ross Dress for Less, K&G Fashion Superstore, Petsmart, Verizon Wireless, Famous Footwear, Payless ShoeSource, Party City

  • Kublai Khan, Panera Bread

Northbrook Center (less than 3 miles)

  • Randalls, Wells Fargo, Office Depot, Bank of America

  • Starbucks, Luby’s  

Highway 290 & W. 34th Street (3 miles)

  • Academy Sports & Outdoors, Conn’s, Jo-Ann Fabric & Craft Stores

  • Black Eyed Pea, Cazadores Mexican, China Border, Denny’s

Jersey Meadows Golf Course (5 miles)

  • 18-hole course Municipally owned by the City of Jersey Village

  • Features a clubhouse which seats up to 160 and a full service Pro Shop 

Memorial City Mall (5.5 miles)

  • Receives an estimated 16 million visitors each year with approximately 53,964 cars traveling along Gessner per day

  • 150+ stores and restaurants, 1.7 million square feet of retail space

  • Anchored by Macy’s, Target, Sears, Dillard’s, JC Penney, and Cinemark Memorial City

  • Other retailers and restaurants include Apple, Coach, Pandora, Gap, Sephora, Abercrombie & Fitch, Cheesecake Factory, California Pizza Kitchen, Panera Bread, Cinemark

  • Nearby is “Restaurant Row”, which includes Ciro’s Italian Grill, Denis’ Seafood Houston, and Guadalajara Hacienda

Sam Houston Race Park (5.5 miles)

  • First Class 1 horse racing facility completed in Texas

  • Houston’s premier racing destination, featuring live and simulcast horse races

  • All-ages venue

CityCentre Development (6 miles)

  • 425,000 square feet of Class A office space

  • 500,000 square feet of retail space that includes a Lifetime Fitness, 9-screen Studio Movie Grill, and many fashionable shops

  • Retail tenants include: Anthropologie, Bistro Bar, Eddie V’s, Houston Motor Club, J. Crew, Kendra Scott, Lululemon, Olive & Vine, RA Sushi, Ruggles Green, Sur La Table, The Capital Grille, The Tasting Room, Urban Outfitters, Yard House, and Z Gallerie

  • 245-room Hotel Sorella, a 4-Star hotel

Town and Country Village (6.5 miles)

  • 75 shops and services

  • Just added over 100,000 square feet of retail and office space with a phase III development

  • Includes retailers such as Gap, Ann Taylor, Banana Republic, Coldwater Creek, Talbots, White House Black Market, Pottery Barn, Williams-Sonoma, Restoration Hardware, Barnes & Noble, Bath & Body Works, Fleming’s Steakhouse, McCormick & Schmick’s, Escalante’s Mexican Grille, La Madeleine, Pronto Cucinino, Bank of America, and American Express Travel

  • Phase II-A will add 40,000 SF of retail space to the already existing 170,000 SF of Phase I, and is currently under construction

  • Phase II-B will include an additional 80,000 SF of retail space and 60,000 SF of office space;  construction is estimated to open in 2014

  • Phase II-C will complete construction with 275 high-end apartment units

  • In addition to Phase II’s retail, office and multifamily components, a Central Green Amphitheatre will be part of the second phase, offering 800-1,100 seats for special events

The Galleria (7 miles)

  • More than five million square feet of retail space

  • Approximately 1,000 stores

  • Boasts Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen, and Houston’s only Nordstrom

Education

Cypress-Fairbanks ISD

  • 3rd largest district in Texas and 24th largest district in the nation

  • Over 112,000 students on 85 campuses

  • 53  elementary schools, 35 of which have bilingual programs

  • 17 middle schools

  • 11 high schools

  • Ranked the #1 school district in Texas by the Education Resource Group (ERG) for academic and financial performance

  • Largest school district to have 100% of its campuses earn Met Standard honors in the 2013 Texas Education Agency (TEA) accountability ratings 

 

 

 




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