right place. right time. right opportunity....from the golf club of houston where the shell houston...
TRANSCRIPT
Right place. Right time. Right opportunity.
I N T R O D U C I N G T H E R E T A I L O F F E R I N G S
O F R E D E M P T I O N S Q U A R E O N E
A generation ahead.
Welcome to Generation Park, 4,000 master-planned acres of forward-thinking development strategically located in Houston’s most significant new growth corridor, West Lake Houston.
Today, over $500 million of development is underway at Generation Park, including FMC Technologies’ 173-acre corporate campus.
Tomorrow, Generation Park will be home to 40 million square feet of innovative office space, state-of-the-art medical and life sciences facilities, leading-edge research and development campuses, efficient industrial facilities and luxurious new apartments – all resulting in the region’s most exciting new center with a burgeoning demand for shopping and dining offerings.
Generation Park is in a position of strength for generations to come. And it all begins now.
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G R E E N S B A Y O UP A R K
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B E L T W A Y 8 / S A M H O U S T O N T O L L W A Y
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Generation Park Lake
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L A K EH O U S T O N
S U M M E R W O O D
4,000 HomesR E D E M P T I O N
S Q U A R E
D E U S S E NP A R K
S H E L D O N L A K ES T A T E P A R K
W. L A K E H O U S T O N P A R K W A Y
C O R R I D O R D I S T R I C T
F M CT E C H N O L O G I E S
C O R P O R A T EC A M P U S
173 Acres
H - E - B
K R O G E R
W E S T L A K EM A R K E T P L A C ES U M M E R
C R E E KH I G H
S C H O O L
L O N E S T A RC O L L E G E
8.3 Acres
S A N J A C I N T OC O L L E G E
57 Acres
N . L A K E H O U S T O N P A R K W A Y
C . E . K I N G P A R K W A Y
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N . L A K E H O U S T O N P A R K W A Y
W. L A K E H O U S T O N PA R K WA Y
Set on a recently completed span of Beltway 8, West Lake Houston is home to 375,000 affluent residents and has recently experienced population growth at a rate nearly twice that of Houston.
However, with 33% less retail space per capita than the city’s average, the West Lake Houston submarket is currently undersupplied by 7 million square feet.
With another 13,000 new homes planned or already underway, the groundwork is in place and the promise is truly unlimited.
This tremendous retail opportunity is waiting to be captured and it may well be the best chance to locate where the future of Houston is rapidly taking shape.
L A K EH O U S T O N
G O L FC L U B O F
H O U S T O NG E N E R A T I O N
P A R K
S U M M E R W O O D12,000 Residents
$138K HH Income$343K Avg. Home Price
F A L L C R E E K7,200 Residents
$145K HH Income$397K Avg. Home Price
N E WD E V E L O P M E N T S
13,000 New Homes$350K Avg. Home Price
20 minutes to Downtown Houston CBD
15 minutes to the Port of Houston
10 minutes to I-10 and Intercontin- ental Airport
5 minutes to I-59 and Highway 90
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L A K EH O U S T O N
I N T E R -C O N T I N E N T A L
A I R P O R T
H U M B L E
A T A S C O C I T A
K I N G W O O DS P R I N G
T H EW O O D L A N D S
H O U S T O NS H I P
C H A N N E L
G A L L E R I AD O W N T O W N
G E N E R A T I O NP A R K
Located just 10 minutes from Intercontinental Airport, 15 minutes from the Port of Houston and 20 minutes from downtown, Generation Park is surrounded by both established neighborhoods and 3,200 acres of brand new lakefront communities providing tremendous untapped capacity for retail growth.
The urban center for West Lake Houston.
IN DUSTRI A LDISTRICT
CORRIDORDISTRICT
R A IL& FTZ
DISTRICT RESEA RCHDISTRICT
L A K EDISTRICT
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C O R P O R A T EC A M P U S
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C O R P O R A T EC A M P U S
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R E D E M P T I O N
S Q U A R E R O A DFuture Retail
Immediate Retail
P H A S E 1 G R O U N D L E V E L R E T A I L O P P O R T U N I T I E S
Auditorium
Parking
Hotel
Muti-Family
Fitness/Wellness
Office
R E D E M P T I O N
S Q U A R E O V E R A L L
S I T E P L A N
O F F I C E2 8 9 K
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O F F I C E1 2 2 K
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O F F I C E8 5 K S F
S T O L T -N I E L S E N L I M I T E D
F I T N E S S / W E L L N E S S
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E X T E N D E D S T A Y
H O T E LC O U R T Y A R D M A R R I O T T
H O T E L
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Access. Visibility. Location.
At the core of Generation Park, urban sophistication intersects with lifestyle convenience, melding commerce with community. Redemption Square will provide an energy that attracts employees during the day, nearby neighborhood residents at night and families on the weekends. They’ll come to Redemption Square for tantalizing dining, fun places to meet with friends, shopping and places to simply take care of life’s to-do list.
Set desirably next to FMC Technologies’ global Fortune 500 headquarters and alongside Beltway 8, Redemption Square will be a destination for the entire region.
Imagine having your retail location at the heart of this thriving marketplace.
275KSquare Feet of Retail Space
21Acres of Parks
4KSeat Auditorium
800 650Residential Units
Hotel Rooms
1.5MSquare Feet of Class A Office Space
Spacious. Spectacular. Spot on.
Redemption Square is the inviting gateway to Generation Park. A vibrant, active and walkable showcase of office, living, dining and daily conveniences, it will offer a variety of markets, shops, bistros, services and entertainment carefully curated to bring people together throughout each day.
Each retail space is optimized to provide the businesses and their customers an unmatched experience and consistent ease of access.
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R E D E M P T I O N
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F M CT E C H N O L O G I E S
C O R P O R A T EC A M P U S
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5 Levels
15K Square Feet of Ground Level Retail Space
85K Square Foot Class A Office Building
Get in on the ground level.
Designed to embrace the pedestrian-friendly environment of Redemption Square, the immediate retail opportunities will sit prominently above the linear plaza next to a leading hotel and across from a first-class urban apartment building. Visitors and customers will be able to sit on raised patios, where they will enjoy taking in the activity of Redemption Square.
Be among the first to captivate their attention and capture their loyalty.
R E T A I L P A T I O
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G R O U N D L E V E L R E T A I L P L A N
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People-centric from the ground up.
Few places, if any, are able to offer a quiet respite at the very center of it all. Protected, purposeful and planned that way, Redemption Square is steps away from the bustling activity, but a world away from street traffic and congestion.
The surrounding streets and sidewalks are designed to yield priority to those on foot. Called the Pedestrian Advantage, it’s a feature your customers will appreciate whether walking to work, headed to a workout or enjoying dinner al fresco.
Retail has never been this approachable.
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L A K EH O U S T O N
G E N E R A T I O NP A R K
I N T E R -C O N T I N E N T A L
A I R P O R T
H O U S T O NS H I P
C H A N N E L
G A L V E S T O NB A Y
H O B B YA I R P O R T
G A L L E R I A
D O W N T O W NH O U S T O N
3M I L E S
5M I L E S
7M I L E S
H U M B L E
A T A S C O C I T A
K I N G W O O DS P R I N G
T H EW O O D L A N D S
G O L FC L U B O F
H O U S T O N
S U M M E R W O O DF A L L C R E E K
N E WD E V E L O P M E N T S
Alive with commerce and community.
13,000 Homes Under Construction at an Average Price
of $350,000
Current Retail Undersupply of
More Than
7,000,000 Square Feet Compared to the Houston Average
3-Mile Radius
Average Household
Income of Approximately
$110,000
10 Minutes from
IAH Airport, Which Serves Over
41 Million Passengers Annually
Five Minutes from the Golf Club of Houston Where the
Shell Houston Open Attracts
100,000+People Annually
Submarket Population of
375,000+ Exceeds That
of The Woodlands
Large Corporate Presence Nearby Including
FMC Technologies, GE Oil & Gas,
Halliburton and Insperity
1.2 Million People
Living Within 15 Miles
2000-2015 Submarket
Growth Rate of More Than 210% the
Texas Average and Nearly 170%
Above the Houston Average
Population. Location. Income. Growth.
D E M O G R A P H I C S U M M A R Y
Radial Distance 3 Miles 5 Miles 7 Miles
Population 26,188 101,183 219,572
Households 8,357 30,777 69,526
Median Age 31.6 30.9 31.7
Annual Growth Rate 4.3% 3.3% 2.4%
Average HH Income $109,994 $95,779 $81,486
College Degree 37.9% 31% 24.6%(Bachelor’s or Higher)
T R A F F I C C O U N T S
Beltway 8 South of West Lake Houston Parkway (2013) 81,700 VPD
West Lake Houston Parkway at Beltway 8 (2011) 20,070 VPD
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McCord Development – visionary, focused, Houston based.
As the sole owner of Generation Park, McCord Development is committed to this development as a legacy project that will benefit customers and the greater Houston area for decades to come.
McCord is a diversified real estate company with an extensive track record of successful development and investment across the United States.
Family owned since 1973, McCord has acquired and developed more than $2B of successful projects, including 4 million square feet of industrial and commercial, 6,700 multi-family units and 5,600 acres of land.
Since 1985, McCord Development has been acquiring and developing property in northeast Houston in the firm belief that this is where Houston would grow. In 1995, McCord was the original developer of Summerwood, a thriving 1,541-acre master-planned community that is adjacent to Generation Park. The 5,600 acres of Generation Park and Summerwood include some of the most beautiful land in Harris County. The forests, lakes and open spaces provided an opportunity for a responsible development approach that nurtured the land while also creating an idyllic setting for people to live and work.
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F O R R E T A I L L E A S I N G
Chace Henke 713.272.1274 [email protected]
Tyler Trevino 713.270.3388 [email protected]
Nick Hernandez 713.270.3354 [email protected]
F O R O F F I C E L E A S I N G
John Flournoy 713.860.3018 [email protected]
GenerationPark.com
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