Angler Construction Brings Tesla to Northwest Houston

Angler Construction (Angler), a general contractor based in Houston, Texas, has finished construction on the 90,000-square-foot Tesla Service Center in Northwest Houston. The design/build team completed renovations of the previous Gander Mountain retail store in six months. This is Angler and Tesla’s second project working together.

Angler partnered with Phelan – Bennett Development, a premier development company in The United States, to ensure exterior and interior renovations of the site were done under budget and ahead of schedule. The project team worked in unison from day one to provide a turn – key full electric vehicle service center, wash bay, parts storage, charging stations, new vehicle showroom, customer lounge, employee offices/training rooms, and much more.

The Tesla Service Center located at the intersection of Highway 290 and Highway 6 is one of three in the Houston area.

Developer: Justin Bennett and Dave Lawrence of Phelan – Bennett Development
Project Manager: Devin Valenta of Angler Construction
Assistant Project Manager: Alex Aitken of Angler Construction
Superintendent: Jim Jacobs of Angler Construction
Architect: Tramonte Design Studio
Structural Engineer: BNR Structural Company

Houston’s Westchase Office Towers See Significant Leasing Activity With Assistance From Stream Realty Partners

HOUSTON – October 12, 2022 – Stream Realty Partners has worked with Franklin Street Properties to lease more than 56,000 square feet in Houston’s Westchase office submarket.

The national real estate services, development, and investment firm is forging into the fourth quarter of 2022 with strong leasing momentum at Towers at Westchase I and II over the last several months. The two LEED Certified, Class A office buildings are located at 10350 and 10370 Richmond Ave. and total over 629,000 square feet.

Recent building improvements include an extensive lobby renovation and on-site deli, restaurant, and catering upgrades at Tower I and a new state-of-the-art fitness center and updated conference facilities at Tower II. Both buildings provide on-site management and building engineers, after-hours card-key access, 24-hour on-site uniformed security, and convenient access to numerous West Houston-area restaurants and hotels.

Stream Managing Director Ryan Barbles, Senior Vice President Brad Fricks, and Vice President Matthew Seliger provide leasing services at the office buildings.

“On behalf of building ownership Franklin Street Properties and Stream, we would like to thank the brokers from Avison Young, CBRE, JLL, Oxford Partners, Partners, and Providence Commercial for their role in executing 56,000 square feet of leasing transactions,” Barbles said. “With building renovations at Tower I and upgraded amenities at Tower II, ownership has solidified themselves as a leading force in the competitive Westchase office submarket. The buildings’ unique design, superior visibility, and convenient location of assure their long-term prominence and landmark status. We look forward to carrying current leasing momentum into Q4 and beyond.”

Among companies signing or renewing leases at the towers are:

Larsen & Tourbo Infotech Limited, which renewed its lease at Towers at Westchase I. Don King of JLL represented the tenant.
Hoar Construction, LLC, which signed a lease at Towers at Westchase I. Anthony Squillante with Avison Young represented the tenant.
Vista Host, Inc., which renewed its lease at Towers at Westchase I. The tenant was represented by Don King of JLL.
Abrams Technical Services, Inc. signed a lease at Towers at Westchase I. The tenant was represented by Jason Whittington of Partners.
Westchase District renewed its lease at Towers at Westchase I. Jason Whittington of Partners represented the tenant.
Walsh, Gallegos, Trevino, Kyle & Robinson PC signed a lease at Towers at Westchase I. The law firm was represented by Steve Garza of Providence Commercial.
Mosaic Paradigm Law Group PLLC signed a lease at Towers at Westchase I. The law firm was represented by Vincent Vega of Oxford Partners.
Estis Compression signed a lease at Towers at Westchase I. Wyatt McCullough of CBRE represented the tenant.
Universal Law signed a lease at Towers at Westchase II. Vincent Vega of Oxford Partners represented the tenant.
Towers at Westchase’s Beltway 8 location provides easy ingress/egress and regional access plus convenience to a host of world-class amenities.

For leasing information, contact Stream Houston at 713.300.0300.

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,200 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

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CONTACT:
Brian J. Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033

Eagle Property Capital and Belay Investment Group Announce Disposition of Dallas-Fort Worth Multifamily Asset

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Woodchase & Clarendon, a 266-unit apartment community located in Irving, NW of Dallas-Fort Worth, Texas. EPC Multifamily Partners III, LLC (Fund III), a private investment vehicle raised and managed by EPC, acquired the asset in partnership with Belay Investment Group (Belay) in June 2016. It sold for an undisclosed price to Lion Real Estate Group.

Woodchase & Clarendon, located at 4050 & 3800 N. Beltline Road in Irving, was built between 1977 and 1983. EPC’s renovation strategy included upgrading the apartment interiors, existent common areas and amenities, adding new amenities and services as well as employing water and energy conservation programs.

EPC owns 15 multifamily properties in the Dallas-Fort Worth market and remains an active investment and owner-operator in the region.

Austin City Council Selects Aspen Heights Partners to Redevelop the Former HealthSouth Property in the City’s Innovation District

The Austin City Council approved Aspen Heights Partners’ proposal to redevelop the city-owned HealthSouth tract, a key step forward for a project that will bring 232 units of affordable housing and various other community benefits to Downtown Austin. The Austin-based developer, which will partner with Capital A Housing and The NHP Foundation on the development, has been selected to build the multi-tower, mixed-income complex after a master development agreement was approved in a Council meeting on Thursday, September 29.

Aspen Heights Partners, which has been working with Austin city officials and community stakeholders on plans for the redevelopment since 2020, enlisted Capital A Housing and The NHP Foundation for the project.

The mixed-use residential development will take up almost the entire block bounded by 12th Street, Red River, 13th Street, and Sabine Street, including all of the old HealthSouth hospital site. It will have two towers built atop a six-story podium with a 30,000-square-foot public plaza with green space, water features, an 18,000-square-foot local restaurant food-hall/business-incubator, and views of the Capitol, Waterloo Greenway, and downtown. There will also be an on-site music venue with below-market rate rents.

The residential towers will total 921 units, of which more than 25% will be affordable housing for low-income Austin families. The project also hosts an on-site childcare center provided at affordable tuition. The 232 affordable units will comprise approximately 18 of the south tower’s 27 floors, and will be developed, owned, and operated by NHP and Capital A.

The search for a developer began in November 2019, when the Council issued a Request for Proposal. In April 2020, Aspen’s proposal scored the highest among three other proposals. Bringing on Capital A Housing and the NHP Foundation to the project, and with plans for economic opportunity, sustainability, and affordable housing, the City Council approved negotiations to move forward.

While the City Council approved negotiations to proceed, they asked city staff to return when the final agreement is finished for final approval of the 99-year lease and development agreement. However, staffers expect to execute the development agreement by Spring 2023 so as not to postpone the project’s proposed delivery in Summer 2027.

Law Firm Bush Rudnicki Shelton to Open First Houston Office at Two Post Oak Central Building

Global real estate advisory firm Savills represented law firm Bush Rudnicki Shelton, P.C. in its first Houston location. The law firm will open a 3,250-square-foot office in the Two Post Oak Central building located at 1980 Post Oak Boulevard in Downtown Houston. The law firm will begin occupying the office Fall 2022.

Bush Rudnicki Shelton is a residential construction and real estate law firm with locations in the Dallas/Fort Worth and Austin areas. The firm is expanding and its reach and tapped Corporate Managing Director Lesa Nickelson French to find a suitable office for its first Houston location.

The Post Oak Central complex is comprised of three office towers totaling 1.3 million square feet in Houston’s Galleria area. The LEED Gold certified building boasts spectacular views of the downtown area and amenities including a fitness center, conferencing facility, on-site childcare center, and multiple restaurants.

Amanda Nebel of Parkway represented the building in lease negotiations.