The family of the founder of Houston’s prestigious Tanglewood neighborhood plans to build a $300 million, 33-story condominium tower on the community’s southern edge.

The 1.3-acre site, at the northeast corner of Tanglewood Boulevard at San Felipe, currently houses the headquarters of Tanglewood Corp., a third-generation, family-run real estate venture founded by Tanglewood developer William G. Farrington. The ranch-style office building, which opened in 1949, the same year as the neighborhood, would be torn down to make way for the tower.

“We’ve been incubating this wonderful corner for approximately 70 years,” said Kendall Miller, Farrington’s grandson, who lives in the house his grandfather built nearby. “The plan has evolved over the years, but has always been the new commercial idea of the moment.” Click to read more at www.houstonchronicle.com.