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3 years ago

ELDRIDGE OAKS - Transwestern

ELDRIDGE OAKS - Transwestern

Buffalo Bayou Enclave

Buffalo Bayou Enclave Pkwy 7.79 acre Development Tract Eldridge Pkwy The Owner is also offering for sale the adjacent land parcel of 7.79-acres that is available for future development. Preliminary plans for a Phase II office building have been completed for the site and are available to a new owner if desired. Additionally, the site is not restricted to office use and strong demand exists for a multitude of uses, including multi-family development. The land parcel occupies the hard corner of Eldridge Parkway and Enclave Parkway and gives the new owner of Eldridge Oaks control over one of the few remaining development parcels in the Energy Corridor. Buffalo Bayou Bike Trail Buffalo Bayou Bike Trail The Energy Corridor has long been the center of business activity for Houston’s booming energy industry. In fact, commercial development has struggled to keep up with business expansion in the corridor over the last several years. Even with the addition of approximately five million square feet of office space over the last six years, the submarket’s Class A office space is currently 98% leased. The Energy Corridor absorbed nearly 2.5 million square feet over the last three years, including 847,000 square feet in 2012, which led all office submarkets including the CBD. The existing fundamentals demand additional office development, but available sites are rapidly disappearing and land scarcity is a concern for the first time in the corridor’s history. ENCLAVE PKWY 7 Level Parking Garage Development Tract 7.79 acres 14 Story Office Building ELRIDGE PKWY

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