Wolff Cos. Says Texas Office Boom Creates Need For Housing In Red-Hot Houston Submarket
The Worthing Cos. is building a 342-unit luxury multifamily on 9 acres in Central Park, Wolff Companies’ 78-acre mixed-use development on the north side of I-10 between North Eldridge Parkway and SH 6.
The Heights at Park Row is targeted to open in the Energy Corridor development in late 2014.
David S. Wolff, chairman and president of Wolff Cos., said office construction and job growth is creating the need for upscale multifamily housing in the area.
Wolff said new project dovetails with his company's vision for Central Park of landing national and multinational corporate tenants, and multifamily and hospitality to support them in The Energy Corridor, one of the fastest growing submarkets in the country.
The corridor is home to more than 300 multinational companies occupying 22 million square feet of office space, with another 5.4 million square feet of mostly preleased space under construction.
Atlanta-based Worthing has developed over 30,000 units valued at more than $2.8 billion over 25 years.
In Central Park, The Worthing Companies will join MD Anderson Cancer Treatment Center, the number one cancer treatment hospital in the U.S., which acquired 34.5 acres in the park in 2012. The first phase of the long-awaited Park Row Completion Project and Central Park West Boulevard were completed in December.
Parker Associates is the design architect for The Heights at Park Row. Jeff Peden with Cushman & Wakefield of Texas represented The Worthing Companies in the transaction.