Stonelake Capital Partners has hired commercial real estate brokerage CBRE to scout retailers and businesses in need of office space for the next phase of its development on Westheimer at Mid Lane.
The company is planning two four-story buildings each with 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 two floors.The commercial space will be built atop two levels of below-ground parking.
The project will compete with more established retail centers nearby: Highland Village, the Galleria and the newer River Oaks District.
“I think it bodes well for expanding the market for luxury retail but it’s going to be competitive,” said Uptown’s BLVD Place developer Ed Wulfe. “There are not a lot of upscale retailers not in this market already.”
Marketing materials show plans for…