February 11, 2010
RETAIL COMPONENT OF NASSAU BAY TOWN SQUARE BREAKS GROUND
NASSAU BAY, TEXAS — Griffin Partners has broken ground for the first retail component of Nassau Bay Town Square, a 31-acre mixed-use project located across from Johnson Space Center in Nassau Bay. The first retail phase consists of 24,000 square feet located at the corner of Space Park Drive and Saturn Lane. It will be shell-ready by the end of May. Last month, Martin Fein Interests opened the first phase of Voyager Apartments at the Space Center, the multifamily component of the project. At full-build-out, the community will feature 313 luxury units as well as a fitness center, a business center and a resort-style pool. In addition to the multifamily community, Nassau Bay Town Square will include three office buildings totaling up to 600,000 square feet of space, a 176-room Marriott hotel, a total of 73,000 square feet of retail space, a 27,000-square-foot conference center and the new Nassau Bay City Hall.
HEALTHMARK GROUP TO DEVELOP NEW SKILLED NURSING FACILITY IN THE WOODLANDS
THE WOODLANDS, TEXAS — HealthMark Group has acquired a 6-acre site located on Windsor Lakes Boulevard in The Woodlands for the development of a new senior housing project. Park Manor of The Woodlands will be a 124-bed skilled nursing and rehabilitation facility that will provide short- and long-term care. Groundbreaking is expected in the first quarter, with the grand opening scheduled for January 2011. It will be HealthMark's ninth project in the Houston area, and HMG Services will operate it. Richard Stromatt of GDC Realty represented HealthMark in the land purchase. Cody Christopher of Colliers Texas represented the seller, The Woodlands Development Company.
BUNKHOUSE ACQUIRES SAN ANTONIO RIVERWALK HOTEL
SAN ANTONIO — Bunkhouse Management has acquired the historic Havana Riverwalk Inn located on the San Antonio Riverwalk. The company is currently renovating the hotel and plans to reopen it in April. The 22,000-square-foot property originally opened in 1914 and is on the National Register of Historic Places. The seller's name as well as the acquisition price were not disclosed.