{"id":1004171788,"date":"2017-04-07T07:12:58","date_gmt":"2017-04-07T15:12:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171788"},"modified":"2022-12-07T06:02:01","modified_gmt":"2022-12-07T14:02:01","slug":"stonelake-plans-mixed-use-development-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stonelake-plans-mixed-use-development-in-houston\/","title":{"rendered":"Stonelake Begins Third Phase at Park Place River Oaks"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004171817\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004171817\" data-attachment-id=\"1004171817\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stonelake-plans-mixed-use-development-in-houston\/park-place-river-oaks\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg\" data-orig-size=\"3840,2160\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Park-Place-River-Oaks\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?w=1024\" class=\"wp-image-1004171817 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg\" alt=\"Park Place River Oaks\" width=\"300\" height=\"169\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg 3840w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=1024,576 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=1536,864 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=2048,1152 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=150,84 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=696,392 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=1068,601 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=1920,1080 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks.jpg?resize=747,420 747w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004171817\" class=\"wp-caption-text\">Park Place River Oaks<\/p><\/div>\n<p>Stonelake Capital Partners announced its plans for the\u00a0third\u00a0phase of development at\u00a0Park Place River Oaks. This summer, the company will break ground\u00a0on two four-story buildings atop two levels of below-ground parking. Beck Architecture is the project designer and\u00a0Jones|Carter serves as the civil engineer. Completion is slated for the beginning of 2019.<\/p>\n<p>The developments will include 105,000 square feet of retail space on the first and second floors and another 105,000 square feet of office space on the top\u00a0two floors.\u00a0CBRE&#8217;s Bruce Wallace and Radkey Jolink will market the retail space, while Parker Duffie and Marilyn Guion will\u00a0handle the leasing of the office space.<\/p>\n<div id=\"attachment_1004171844\" style=\"width: 310px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004171844\" data-attachment-id=\"1004171844\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stonelake-plans-mixed-use-development-in-houston\/park-place-river-oaks-houston\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks-Houston.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandra Efrimov&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1491496743&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Planned landscape development at Park Place River Oaks\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Planned landscape development at Park Place River Oaks&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks-Houston.jpg?w=800\" class=\"wp-image-1004171844 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks-Houston.jpg\" alt=\"Planned landscape development at Park Place River Oaks\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks-Houston.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks-Houston.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Park-Place-River-Oaks-Houston.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004171844\" class=\"wp-caption-text\">Planned landscape development at Park Place River Oaks<\/p><\/div>\n<p>The project will also incorporate a two-acre park, designed by Studio Outside. For this, two 80-year old live oak trees will be relocated, while many\u00a0other live oak trees will be preserved within the park.<\/p>\n<p><em>&#8220;Our goal is to develop a property that embodies classic, timeless architecture and is representative of Houston\u2019s history,\u201d<\/em>\u00a0 Kenneth Aboussie, managing partner at Stonelake, said in a prepared statement.\u00a0<em>&#8220;Park Place River Oaks will connect the community with a live, work, play environment while preserving the character of the neighborhood.&#8221;<\/em><\/p>\n<p>Located at 4100 Westheimer Road, the 11.5-acre, 835,000 square-foot Park Place River Oaks\u00a0also includes\u00a0two residential buildings. The James\u00a0is an eight-story, \u00a0344-unit community delivered in July 2016 and The Ivy\u00a0is a 297-unit high-rise opening this month. The James is 90 percent leased and offers residents a resort-style pool, fitness center and a clubhouse with a lounge. Stonelake assembled the site for this mixed-use development through five separate transactions beginning in 2010.<\/p>\n<p><em>Images courtesy of Stonelake<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company announced the construction of two four-story buildings atop two levels of below-ground parking and a prominent park within the mixed-use development. <\/p>\n","protected":false},"author":753,"featured_media":1004171817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1589,21742,21747,21749],"tags":[34834,32789,33291],"class_list":["post-1004171788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-houston","category-latest","category-office","category-retail","tag-beck-architecture","tag-cbre","tag-stonelake-capital-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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