CDC Houston Acquires Texas Mixed-Use Community
- Apr 07, 2021
CDC Houston has acquired a mixed-use community that is located within its master-planned neighborhood in Spring, Texas. The developer purchased The Mark at CityPlace Springwoods Village from Martin Fein Interests Ltd. for an undisclosed price.
Fein will, however, continue to manage the property, according to CDC Houston.
Fein opened the 268-unit luxury community in late 2017 after originally acquiring the site from CDC Houston in 2014. Fein built The Mark with efficiency, one-, two and three-bedroom floorplans that range in size from 572 to 1,599 square feet.
The six-story community was designed by WGW Architects and incorporated many sustainable elements into the units that helped earn its LEED Silver designation. The units incorporated dual-pane energy efficient windows, energy efficient air conditioning and heating systems, and unlimited hot water through the TEAL system into their designs.
The Mark also offers its residents a demonstration kitchen, library, club area, fitness center, spa and outdoor sundeck area with pools. The mixed-use community was also built with 7,800 square feet of ground floor retail and currently includes a Chipotle outpost that opened in February.
CDC’S 60-ACRE MASTER PLAN
The Mark is also one of several communities and properties within Springwoods Village, CDC Houston’s 2,000-acre mixed-use master-planned urban neighborhood.
The developer first revealed plans for Springwoods Village in October 2010 and has since attracted many other developers and tenants including Edward Jones, Hewlett Packard Enterprises and Patrinely Group.
The master plan accommodates mixed-use offices, corporate campuses, residential neighborhoods and a healthcare complex alongside general retail and restaurant uses.
Besides The Mark, Fein also developed two other communities in Springwoods Village. The multifamily developer recently opened The Canopy, its 332-unit community on Spring Stuebner Road, and sold its 342-unit Class A community The Belvedere to MLG Capital in May 2020.