By Georgiana Mihaila, Associate Editor
Following the August 2012 groundbreaking on its Regent Square mixed-use project, GID Development Group is now lining up plans for a second phase. Phase Two will add an Alamo Drafthouse Cinema, another residential building and 15,000 square feet of restaurant space to the project, which is set in the heart of the Inner Loop.
Designed as a walkable mixed-use district featuring apartments, condominiums, retail shops, restaurants, entertainment venues, office space, parks and courtyards, Regent Square aims at becoming an icon of sophisticated urban planning.
GID Development kick-started the 4.2 million-square-foot mixed-use Regent Square development in August 2012, when construction began on the 290-unit luxury apartment tower The Sovereign. The 21-story residential tower, designed by Zeigler Cooper Architects, promises to deliver the most sophisticated set of amenities in the market. With initial occupancy slated for March 2014, The Sovereign has been designed to comply with LEED Silver standards.
Work on Phase Two will start in late 2013, with Alamo Drafthouse Cinema having already officially announced its presence at the location. Another sophisticated residential project featuring 160 apartments and a wide variety of amenities has also been included, as well as 15,000 square feet of restaurant space.
“Phase Two represents a vibrant component of Regent Square, featuring an exciting multi-family project and high-caliber tenants such as Alamo Drafthouse Cinema,” said James Linsley , president of GID Development Group. “The addition of this type of entertainment destination to Regent Square supports our vision to provide the best shopping, dining, entertainment, public space and walking neighborhood in Houston.”
Neal Berkowitz with Newmark Grubb Knight Frank mediated the Alamo Drafthouse Cinema lease.