A mixed-use, “floating village” is wading into Houston. Midway, the privately-owned real estate development firm behind Houston’s East River and CityCentre developments, are converting the former headquarters of ConocoPhillips into the waterfront community of Watermark District at Woodcreek.
Plans for the environmentally friendly area include 650,000 square feet of Class-A office space, luxury multi-family apartments as well as retailers, eateries – including chef-drive restaurants, cafes, and bars– and boutique hotels among plenty of other amenities.
“At Midway, we are passionate about building remarkable places that endure, and sustainability is at the forefront of our approach,” said Brad Freels, Chairman and CEO of Midway in a press release.
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The development will modernize the existing wellness facility into a state-of-the-art facility with potential plans for an Olympic-size saltwater swimming pool, full-sized basketball court, soccer field, and more.
“Watermark is a prime example of our future-oriented mindset. It’s an urbanization of the suburban experience in one of the fastest growing regions in Houston. We look forward to introducing a thoughtful and environmentally friendly mixed-use environment that not only sets the stage for future growth and innovation in the area but also brings the West Houston community together for generations to come.”
In order to realize its vision of a sustainable development, Midway has partnered with 374Water – a clean-tech company based in the US – to create a fully-integrated, onsite sustainable wastewater management system. The first-of-its-kind will convert food and wastewater into clean water, energy, and minerals.
Developers aim to integrate nature into the walkable, urban destination. Among its plans include preserving the 500 existing trees on site, providing 20 acres of green space, nine acres of lakes, as well as weaving walking and biking paths into the 12.5-mile network of Buffalo Bayou trails.
“The innovative, environmentally sustainable features Midway has planned for Watermark are consistent with the values of the District and our major employers, who are leading the global energy transition. An amazing example of the future of energy for commercial properties, Watermark creates a spark for The Energy Corridor District’s continued growth.”
Watermark will be located along Interstate 10 in close proximity to Beltway 8.