Southeastern, a development and brokerage firm, broke ground on an apartment community at the former site of Montrose’s iconic “Disco Kroger.” Artis Montrose will be a seven-story, 529K SF building with an estimated 330 units.
Courtesy of Southeastern
A rendering of Artis Montrose at 3300 Montrose Blvd. in Houston
The site at 3300 Montrose Blvd. was a longstanding LGBTQIA+ late-night hangout spot. The grocery store, which permanently closed in early 2021 and was demolished shortly after, once operated 24 hours a day.
“The development’s name and design incorporate the site’s history and the neighborhood’s rich tapestry of culture and art,” Southeastern Vice President Mary Senn said in a news release.
Arch-Con Corp. is the general contractor for the project designed by Virginia-based DCS Design. Focus Design Interiors is the interior designer of Artis Montrose, which will have 14K SF of interior amenity space, two floors of concrete parking and five stores of wood-frame apartments.
Amenities will include a pet spa, a cyber lounge, work-from-home spaces and a 20K SF outdoor center courtyard with a pool, zen garden, outdoor workspaces and event lawn.
The project team also includes ParkerRodriguez for landscape design and Walter P Moore and OCI Consulting Engineers for engineering services. The $100M project is expected to open in late 2027, according to the Houston Chronicle.
PEOPLE
Cameron Ayles joined CBRE’s Houston office as vice president. He will join a team including Kevin Saxe and Wyatt McCulloch that is focused on a finance-driven approach to occupier leasing and corporate portfolio advisory.
Ayles joins CBRE from Newmark, where he was an associate specializing in tenant representation and corporate advisory services. Prior to that, he spent two years as an analyst at Brookfield Properties.
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Whitestone REIT, a Houston-based owner and operator of open-air shopping centers in Texas and Arizona, hired Felice Terrigno as Houston division director. Terrigno will oversee the leasing strategy for Whitestone’s Houston portfolio.
He joins Whitestone after seven years at Houston-based SDI Realty Advisors, where he also focused on leasing shopping centers. Terrigno also has military experience, graduating from the United States Military Academy and serving in the 20th Special Forces Group (Airborne).
LEASES
TakeOff Adventure Park Pasadena leased 60K SF of retail space in Fairmont Parkway Shopping Center, at 5950 Fairmont Parkway in Pasadena, from WMC Fund LLC.
The concept from Massachusetts-based Fun City Entertainment will backfill Palace Social, which replaced iT’Z, both family-focused bowling and activity centers. TakeOff, which will have a ninja course, a foam pit, climbing walls, trampolines, an arcade and party rooms, is slated to open late in the first quarter.
David Meyers and Alyx Penland of NewQuest represented the landlord. Cesar Miranda of KW Commercial Signature Realty represented the tenant.
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Panelmatic Electrical Solutions signed a 10-year, full-building lease at WestPoint 45. Vigavi and Principal Asset Management developed the 728K SF facility at 410 West Road in North Houston. The lease comes three months after construction completion.
JLL’s industrial leasing team including Richard Quarles, Mark Nicholas, Joseph Berwick and Eliza Klein represented ownership. Wes Williams with Colliers represented Panelmatic.
This will be the corporate headquarters for Panelmatic, which manufactures electronic panels.
CONSTRUCTION AND DEVELOPMENT
Courtesy of Stream Realty Partners
Thompson Distribution Center
Triten Real Estate Partners delivered Thompson Distribution Center, a 131K SF warehouse at 1403 Thompson Park Drive in Baytown. The building, with a 32-foot clear height and 18 dock-high doors, sits on 8 acres.
Stream Realty Partners’ Tommy Erwin and Boone Smith were tapped to oversee efforts to lease or sell the center.
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CBRE secured construction financing for the development of a 144K SF manufacturing facility in Houston for Electronic Power Design.
EPD is a manufacturer of low-voltage electrical distribution equipment, helping meet demand for high-capacity electrical equipment amid an AI and data center development boom.
The new facility at 430 Lockhaven Drive in Houston will be next to EPD’s existing 241K SF facility. Construction has begun with E.E. Reed Construction as the general contractor.
CBRE Capital Markets’ debt and structured finance team, represented by John Fenoglio and Brock Hudson, secured the 85% loan-to-cost construction financing in addition to a working credit facility.