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Mixed-use project developing between Upper Kirby and Greenway Plaza

September 18, 2013 Leave a comment Go to comments
Midway Cos. plans to develop a new mixed-use project along Richmond Avenue between Buffalo Speedway and Kirby Drive. Above, is a rendering of another Midway project, the proposed lawn inside the GreenStreet project, formally known as the Houston Pavilions.

Midway Cos. plans to develop a new mixed-use project along Richmond Avenue between Buffalo Speedway and Kirby Drive. Above, is a rendering of another Midway project, the proposed lawn inside the GreenStreet project, formally known as the Houston Pavilions.

Houston-based Midway Cos. is planning a mixed-use development near the Upper Kirby District and already has its anchor tenant in the bag.

Independent energy trading company, Vitol Inc., plans to vacate its space in downtown and recently asked Midway to create an urban campus for the Netherlands-based company.

The development marks the area’s first major office construction in several decades at Richmond Avenue and Wakeforest Street, just west of Kirby Drive at Levy Park.

While Vitol will serve as the lead tenant, additional office and retail space will be available for lease, however square footage and timeline details have not yet been released.

Midway is no stranger to mixed-use developments — it developed the west Houston CityCentre project, which most recently announced would add another office building alongside its retail and residential uses. In addition, Midway is redeveloping downtown’s Houston Pavilions into GreenStreet, a mixed-use, three-block project that currently serves as the headquarters for NRG Energy Inc. (NYSE: NRG).

Currently, Vitol occupies about two and a half floors toward the top of 1100 Louisiana.

Chris Oliver and Trey Strake of Cushman & Wakefield of Texas Inc.’s Houston office represented Vitol and Michael Anderson of Colvill Office Properties and Shon Link with Midway negotiated the office lease.

Reprint from Houston Business Journal – Shaina Zucker – Reporter

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