MEDIA CONTACTS: Lynn Hancock or Ania Czarnecka Ward [email protected] or [email protected] 713.869.0707 www.wardcc.com
MEDIA CONTACTS:
Lynn Hancock or Ania Czarnecka
Ward
[email protected] or [email protected]
713.869.0707
www.wardcc.com
PRESS KIT TABLE OF CONTENTS
About Springwoods Village
Fact Sheet
Executive Biographies
Frequently Asked Questions
Home Builders
Renderings of Springwoods Village
2014 Press Releases
ABOUT SPRINGWOODS VILLAGE
Springwoods Village is a 1,800-acre, mixed-use community 20 miles north of downtown Houston designed
to combine preservation of the existing ecosystem and a walkable, urban environment, with easy access to
jobs, retail, entertainment and nature, while instituting high sustainability standards on all residential and
commercial construction – an approach never before used in master-planned communities located in and
around the Houston area. The community will serve up to 50,000 workers and residents through diverse
housing options and amenities that balance nature, urbanism and diversity.
The existing forest and Spring Creek ecosystems are protected and preserved during the construction
phase, using best practices in sustainable design and infrastructure. The community is directly connected
through the Springwoods Village Nature Preserve to the Spring Creek Greenway, Houston’s premier
regional greenway system, providing the Springwoods Village community with access to 33 miles of trails,
recreation and natural ecosystems.
The community is a short drive to Bush Intercontinental Airport. Bordering the east side of the property, I-45
provides convenient access to The Woodlands and downtown Houston. The Grand Parkway, currently
under construction, will create a new Springwoods Village interchange on the southern edge of the
community to provide access to destinations west and east of Springwoods Village.
FACT SHEET
Description Springwoods Village is a 1,800-acre, mixed-use community 20 miles north of
downtown Houston designed to combine preservation of the existing ecosystem and
a walkable, urban environment, with easy access to jobs, retail, entertainment and
nature, while instituting high sustainability standards on all residential and
commercial construction – an approach never before used in master-planned
communities located in and around the Houston area.
The community will serve up to 50,000 workers and residents through diverse
housing options and amenities that balance nature, urbanism and diversity.
The community is anchored by the new ExxonMobil campus and Southwestern
Energy headquarters and will feature a medical complex by CHI St. Luke’s
Health.
CityPlace, formerly known as Springwoods Village Town Center, is a 60-acre,
fully-integrated, mixed use development with more than four million square feet
of Class A office space located above ground floor retail, a luxury urban
multifamily community and a full-service luxury hotel.
Location Springwoods Village is 20 miles north of downtown Houston at the intersection of I-
45, the Hardy Toll Road and the Grand Parkway (under construction). It is less than
10 miles from Bush Intercontinental Airport.
Website www.springwoodsvillage.com
Developer CDC Houston, Inc. (a subsidiary of Coventry Development Corporation, New York)
Home Martin Fein Interests: www.belvedereatspringwoods.com
Builders Sullivan Brothers: www.harperwoods.com
Taylor Morrison: www.taylormorrison.com
Design Jacobs Engineering: www.jacobs.com
Partners Costello Engineering: www.costelloinc.com
Walter P. Moore: www.walterpmoore.com
Berg-Oliver Associates: www.bergoliver.com
Design Workshop: www.designworkshop.com
Gensler: www.gensler.com
Planned Springwoods Village will offer a variety of homes including luxury rental homes,
Amenities urban-style compact housing and single-family dwellings with yards. The
community will have 4,500 to 5,000 residential units at build-out accommodating
12,000 to 15,000 residents.
Springwoods Village will be a walkable community and will be home to
workplaces, lodging, shopping, dining, parks and other natural gathering places.
The Springwoods Village Nature Preserve - a 150-acre ecologically-rich nature
preserve featuring a forest habitat, wetlands and a pond all connected to the 33-
mile Spring Creek Greenway will contribute to the beauty of the greenway and
offer the Springwoods Village community environmental education, recreational
hard and soft trail access and a boat launch onto Spring Creek for kayaks and
canoes.
The new Springwoods Village Parkway Interchange, a planned thoroughfare for
the community, will offer ease of access to the community’s commercial and
residential destinations from the Grand Parkway.
Springwoods Village will provide recreational facilities and emergency services.
EXECUTIVE BIOGRAPHIES
Keith Simon
Keith is Executive Vice President of CDC Houston, Inc., a subsidiary of Coventry Development
Corporation of New York, and is the Community Development Director for Springwoods Village. He
previously worked for Design Workshop, Inc. in Denver and Caudill Rowlett Scott in Houston, where
he specialized in community planning projects ranging from 20,000-acre new developments to 20-
acre infill neighborhoods.
Keith also is the Community Development Director for the 3,500 acre RidgeGate community in
Lone Tree, CO.
He serves on the boards of numerous improvement districts, residential associations, economic
development agencies and transit management associations. Keith is an honors graduate of
Michigan State University.
Darryl Jones
Darryl has 25 years of experience working on a variety of mixed-use projects in the public and
private sectors. He is the development manager for Springwoods Village and RidgeGate, a 3,500
acre mixed-use master planned community in Lone Tree, CO. He oversees marketing, design
review, works with land buyers on purchase agreements and project entitlements, monitors and
maintains timelines toward land purchase closings and engages in government relations as
needed.
Darryl is a certified City Planner by the American Institute of Certified Planners (AICP) and has
extensive experience in real estate development and regulation, urban design, and planning
processes. He has served as Director for the Metro Housing Coalition in Denver and past president
of the Home Builders Association of Metro Denver, and currently serves as chairman of the Lone
Tree Chamber of Commerce board.
Darryl earned his Bachelor of Arts degree in landscape architecture from the University of California
at Berkeley and a master’s degree in city planning from the Massachusetts Institute of Technology.
Leo Denslow
With 20 years of experience in the construction and development industry, Leo is the construction
manager for Springwoods Village. He manages all design efforts, coordinates project agreements
with outside agencies and oversees budgets and schedules of partnering contractors.
EXECUTIVE BIOGRAPHIES (CON’T)
Leo’s career started in industrial construction, but has evolved into nearly every segment of the
development industry, including single- and multi-family residential, commercial, industrial and
mixed-use. Prior to working with CDC Houston, Inc. he worked with CAS Partners, Trammell Crow
Residential, Corotech and Gallegos.
Leo has a Bachelor of Science in construction management and a Master of Business
Administration from the University of Denver.
Bill Walker With more than 15 years of experience, Bill Walker is a project manager for Springwoods Village. He assists the team in the management and coordination of all construction projects for the master-planned community. Prior to joining the CDC Houston team, he was a project manager for Talbert and Bright, Inc.; senior engineer and client service manager for Post, Buckley, Schuh & Jernigan; aviation department manager for Prime Engineering Inc.; project engineer for IMDC, Inc. and KB Technologies; and a civil engineer for Argus Consulting and Barge Waggoner Sumner & Cannon, Inc. Bill earned a Bachelor of Science in civil engineering from the University of Tennessee at Chattanooga. Clayton Benedict Clayton Benedict is a project manager for Springwoods Village. In this role, he assists the Springwoods Village development team in the management and coordination of all construction projects for the master-planned community. Prior to joining the CDC Houston team, he specialized in landlord and tenant improvement construction during his time as a project manager for a third-party asset management company with a portfolio including well-known projects such as the Houston Center and Wells Fargo Plaza. Clayton earned a Master of Science in land and real estate development from Texas A&M University.
FREQUENTLY ASKED QUESTIONS
Q. Who is CDC Houston, Inc.?
A. CDC Houston, Inc., is a subsidiary of Coventry Development Corporation of New York and has more
than 45 years of experience creating mixed-use urban communities that foster smart and
responsible growth for commercial and residential vitality.
Q. Who owns Springwoods Village?
A. Springwoods Realty Company (SRC) owns Springwoods Village.
Q. What is the current stage of development for Springwoods Village?
A. Springwoods Village is now open to the public. Construction is nearing completion on the
ExxonMobil campus, with some employees already working in Springwoods Village. Southwestern
Energy headquarters construction is well underway and is scheduled to open in January 2015.
CHI St. Luke’s Health broke ground for its health, wellness and medical campus in June 2014.
The multifamily community, The Belvedere welcomed its first residents in June 2014 and the single-
family residential communities – Harper Woods and Audubon Grove – have model homes available
and expect the first residents to move in August 2014.
Q. Why did CDC Houston, Inc., decide to build this development now?
A. Houston is one of the most powerful cities for commerce in the United States. Therefore, the
population and resulting commute times continue to grow. Current and future residents of the city
are demanding a newer, greener, smarter way of suburban life where work, family, and nature co-
exist in close proximity rather than via long commutes.
Q. How many homes and what type will be built?
A. A range of homes are planned, from luxury apartment rentals and urban-style compact housing to
single-family dwellings with yards. There will be 4,500 to 5,000 residential units at build-out, with
single-family homes’ prices ranging from $100,000s to $1 million.
Q. Who is building residential properties?
A. Taylor Morrison and Sullivan Brothers Builders are building single-family homes and townhomes,
and Fein is building two luxury rental properties.
Q. When will the development be ready for corporate and residential move-ins?
A. The first ExxonMobil employees have moved into the new campus in May 2014 and Southwestern
Energy employees will move into their new building in January 2015. The Belvedere welcomed its
first residents in June 2014. Additional completion dates will be announced as they are confirmed.
Q. How many square feet of office and retail space will be built?
A. Preliminary projections indicate about nine million square feet of commercial space (office,
retail, medical, civic) at build-out.
Q. Which companies/employers and retail (shopping and dining) partners have been secured?
A. We will announce those agreements when they are formalized. The first phase of retail will include
three waterfront restaurant sites and the construction of two Class A office buildings.
Q. Which hotel brands have been secured for development on the property?
A. Woodbine and Intermountain Management will develop a Residence Inn, and Woodbine will
develop additional three hotels in Springwoods Village. We will announce the additional agreements
when they are formalized.
Q. What types of recreation will the development include?
A. Thirty-three miles of trails plus recreation facilities including a boat launch and natural ecosystems in
the Spring Creek Greenway will be accessible to the Springwoods Village community and its visitors.
Including the 150-acre Springwoods Village Nature Reserve, there will be over 290 acres of
publically accessible parks with six park corridors. Spring Grove Park will be the primary amenity
park for the community and will include a dog park and walking trails. CityLake Park corridor will
have recreational amenities such as a small-scale outdoor amphitheater and preserved forest
habitat.
Q. What is the current status of the planned medical facilities?
A. In May 2014, CHI St. Luke’s Health purchased 23 acres to develop a medical campus in
Springwoods Village. Phase 1 of CHI St. Luke’s Heath campus, will include 180,000 square feet of
emergency services, diagnostic imaging, ambulatory surgery and a medical office building, is
currently under construction and is expected to be completed in 2015. The overall size, scope and
timing of the medical facilities are still to be determined, depending on the needs of the growing
community, but the project’s long-term master plan includes a 300-bed hospital and more than
600,000 square feet of medical office space.
Q. What is the current status of CityPlace?
A. The initial office component phase of CityPlace development will include two Class A office buildings
with a combined total of 420,000 square feet of office space for single or multi-tenant users,
shopping and dining. The first building will be delivered in the fourth quarter of 2015. Some of the
retail and restaurant tenants in CityPlace will be ready for public announcement in mid to late 2014,
with move-ins by the end of 2015.
Q. What is the expected cost of the development?
A. The cost is estimated at $10 billion.
Q. What makes Springwoods Village sustainable?
A. Springwoods Village is a mixed-use community designed to combine preservation of the existing
ecosystem and a walkable, urban environment, with easy access to jobs, retail, entertainment and
nature, while instituting high sustainability standards on all residential and commercial construction
– an approach never before used in master-planned communities located in and around the
Houston area.
A network of bike paths and walking trails will connect all areas of Springwoods Village with its
neighbors, helping reduce traffic and fostering a sense of community. In addition, all development
within Springwoods Village is required to comply with a rigorous set of design standards aimed at
maximizing energy and resource conservation.
The master plan uses a holistic environmental approach that identifies environmentally sensitive
habitats as well as preserves and enhances open spaces. CDC Houston, in partnership with Trees
for Houston and Clark Condon Associates, has created a comprehensive sustainable landscaping
program for Springwoods Village including a 14-acre tree farm to supplement park and roadway
plantings, LED street lighting, reclaimed water from the Springwoods Wastewater Plant for non-
potable uses and native plants and soils to create regenerative landscaping for parks and
streetscapes capable of self-maintenance and low-water consumption.
Q. How many jobs will this development create?
A. The local economy will benefit due to job creation. The community is expected to serve a
workforce of 35,000-50,000 employees at build-out. Further, continued construction over the next
15-20 years is expected to provide tens of thousands of jobs.
Q. How does the 381 agreement between CDC Houston and Harris County Improvement
District 18 work?
A. Springwoods Village is owned by Springwoods Realty, with CDC Houston managing and
developing the land on the firm’s behalf. Springwoods Realty will front the cost of infrastructure
improvements in the area, funneling that money through Harris County Improvement District 18.
The district is an independent entity capable of issuing bonds and levying taxes. As the area within
the district develops, those buildings will generate property tax revenue for the county. Under the
381 agreement, the county will reimburse 65 percent of the new tax revenue each year back to the
improvement district. Springwoods Realty will then be reimbursed through a financing agreement it
has with the improvement district.
HOME BUILDERS
FEIN - THE BELVEDERE
Fein, a leader in high-end multifamily development, construction and property management, has been
selected as the exclusive multi-family developer within Springwoods Village. Since 1989, the Houston-
based company has developed approximately 10,000 luxury apartments in Houston and the Southwest,
including Denver, Tucson, San Antonio and Austin.
Opened in May 2014, The Belvedere at Springwoods Village is a four-story multi-family rental community
located just a short walk from the ExxonMobil campus and occupies just over six acres. The community
has achieved a National Association of Home Builders’ Green “Bronze Level” certification, thanks to
features such as dual-pane low-emissive glass windows, energy efficient AC/heating systems and door
step recycling collection. Residents enjoy convenient access to their cars as the project surrounds a multi-
level cast in place concrete parking garage.
The Belvedere offers common amenities such as a two-level clubhouse including fitness facilities with
yoga and Pilates studio, library, conference rooms and game rooms. In addition, residents enjoy a nature
inspired courtyard with large pond, willow trees, and seating areas; a resort style heated pool and spa with
poolside cabanas; and a boardwalk overlooking the adjacent natural wetlands. Interior unit amenities
include wood-style flooring, hard-surface countertops, designer tile backsplashes, custom cabinets, under-
cabinet lighting, GE stainless steel appliances, and full-size washers and dryers.
SULLIVAN BROTHERS BUILDERS - HARPER WOODS
Houston-based Sullivan Brothers Builders (SBB) is building Harper Woods, a neighborhood featuring 88
homes - townhomes and small single-family homes priced from $375,000 to $600,000+ for floor plans
ranging from 1,600 square feet to 3,000 square feet.
Harper Woods will feature a public art space, small parks and green spaces that maintain the integrity of the
natural environment while providing family enrichment areas. Adjacent to Harper Woods will be walking
trails that lead to various amenities situated within Springwoods Village.
Harper Woods includes some of SBB’s most energy efficient homes and will meet or exceed LEED Gold
star rating. Energy Guard Foam Insulation is used in combination with highly efficient HVAC systems and
best construction practices. SBB also offers solar paneling as a preconstruction option for home buyers.
All SBB homes include large front porches and landscaped front and backyards to encourage interaction
with neighbors and foster the lifestyle of the great traditional neighborhoods.
In most SBB homes, reclaimed wood floors are used to not only create a beautiful interior, but to also be
environmentally friendly by reusing flooring rather than filling up landfills.
Construction of homes overlooking Springwoods Village’s future Spring Grove Park and community trails
began in early 2014. Model homes are now open to visitors.
TAYLOR MORRISON - AUDUBON GROVE
Taylor Morrison was selected to build Audubon Grove, a secluded collection of 51 single family luxury homes
starting in the mid $400s on large lots, nestled in the forest near the Springwoods Village Nature Preserve,
with the ExxonMobil campus located to the northeast and Town Center to the east.
Every home Taylor Morrison builds within Springwoods Village is LEED certified. Five floor plans, ranging
from approximately 3,190 square feet to 5,473 square feet, offer plenty of living space, with up to seven
bedrooms and five baths available.
The Maplebrook model home is now open in Springwoods Village. The two-story home offers approximately
5,149 square feet of living space with five bedrooms and 3.5 baths as well as a large family room, formal
living room and dining room.
With more than 100 years in business, Taylor Morrison is currently constructing communities in Arizona,
California, Colorado, Florida, and Texas.
Audubon Grove’s construction began in late 2013, with model homes now open and first residents expected
to move in August.
SPRINGWOODS VILLAGE RENDERINGS
Springwoods Village Master Plan
CityPlace in Springwoods Village
2014 PRESS RELEASES *
Plans Announced for CityPlace in Springwoods Village
JLL selected to lease office space
Houston, June 19, 2014 — A development venture comprising Patrinely Group, CDC Houston and
USAA Real Estate Company, today announced project details for the new CityPlace, formerly known
as Springwoods Village Town Center. The 60 acre fully integrated, mixed use development will provide
the Houston community with a new destination of choice that integrates working, shopping and living,
with over four million square feet of Class A office space located above ground floor retail, a luxury
urban multifamily community, and a full-service luxury hotel.
“CityPlace is an innovative development located at the nexus of Interstate-45, Grand Parkway and the
Hardy Toll Road. We anticipate that the new project will make a lasting mark and will help shape
Houston for future generations,” said Dean Patrinely, managing principal of Patrinely Group, the
venture’s managing general partner. “CDC Houston, USAA Realco and Patrinely Group are committed
to making CityPlace the most accessible, premier 18-hour destination in Houston.”
Designed with a diverse mix of offerings, CityPlace will complement other Springwoods Village
developments including the new 10,000-person ExxonMobil corporate campus, which now has its first
occupants; the 1,500-person Southwestern Energy (SWN) headquarters, which completes in
December 2014; and the recently announced CHI St. Luke’s Health medical campus.
The initial office component phase of CityPlace development will include two Class A office buildings
with a combined total of 420,000 square feet of office space for single or multi-tenant users, shopping
and dining. The first office building, a five-story structure, will offer a total of 147,000 square feet with
flexible 28,000-square-foot floor plates. The second structure is a 10-story office building will have
nearly 295,000 square feet of leasable space and efficient floor plates that total 29,200 square feet.
Designed by Gensler and built by Harvey Builders, both buildings will be located at the eastern end of
CityPlace, near the full service luxury hotel and CityPlace Plaza and lake and park system, just west of
I-45. Each structure will have 9’6” ceilings with floor-to-ceiling glass, private elevated terrace garden
areas, ground floor dining and shopping and an adjacent covered parking structure and will achieve
LEED Gold certification. The first building will be delivered in the fourth quarter of 2015.
Patrinely Group has selected JLL as the exclusive office leasing agent for CityPlace. JLL’s Ronnie
Deyo, Chrissy Wilson and Chris Dekker will lead the leasing and marketing efforts. Transwestern Retail
has been selected as the leasing agent for the retail space in CityPlace. Transwestern’s Nick
Hernandez, Chace Henke and Crystal Allen will lead the retail leasing efforts.
*additional press releases can be found here
“CityPlace’s location, at the new intersection of I-45, Grand Parkway and the Hardy Toll Road and the
future Grand Parkway, offers unparalleled access for corporations seeking to operate in a highly
accessible, self-contained, state-of-the-art environment that connects nature and urbanism and is only
15 minutes from George Bush Intercontinental Airport,” said Chrissy Wilson, senior vice president of
JLL.
In addition to the office, dining and shopping, Martin Fein Interests LTD. will build a 268-unit, Class A
multifamily apartment community within CityPlace. The property will include retail space on the ground
floor. Additionally, Woodbine Development Corporation is developing a full service luxury hotel with
expansive meeting space and amenities that will overlook the CityPlace plaza and the lake and park
system, as well as a Residence Inn by Marriott, located on the western end of CityPlace.
“Patrinely’s extensive development expertise and attention to detail, coupled with USAA Real Estate
Company’s financial sponsorship, and CDC Houston’s well-designed, award winning master plan will
ensure CityPlace Springwoods Village will stand as one of Houston’s premier urban communities,” said
Ronnie Deyo, executive vice president of JLL. “It will offer the best of everything and create a meeting
place that people will be drawn to naturally.”
“CityPlace is the heart and soul of Springwoods Village and an important next step in the growth of the
community and will provide amenities to those already living and working in Springwoods Village,” said
Keith Simon, executive vice president and director of development of CDC Houston.
CDC Houston is the creator of the Springwoods Village community. The company has designed the
development with a new model of sustainability to improve the everyday life of its tenants, residents and
the greater Houston business community. While there are plans to make significant improvements at
the site, there is a dedicated focus on the preservation of the area’s ecosystems and the balance
between nature, urbanism and diversity. Additional ongoing developments in Springwoods Village
include: The Belvedere luxury apartments, the Audubon Grove and Harper Woods residential
neighborhoods and a Marriott Residence Inn, slated to start construction in July 2014.
CHI St. Luke’s Health Plans Major Medical Campus
in Growing Springwoods Village Area
Leading Regional Health Care Provider to Expand Healthcare Delivery in North Houston
HOUSTON, May 9, 2014 – CHI St. Luke’s Health has purchased 23 acres of land at the corner of the
new Grand Parkway and Holzwarth Road in Springwoods Village.
The medical campus will include an ambulatory medical center and medical office building which is
expected to be complete in the late 2015. The facility will provide emergency services, diagnostic
imaging and outpatient surgery to the residents and employee population in Springwoods Village and
surrounding areas.
“Springwoods Village exemplifies sustainable, healthy living – a goal we share – promoting work-life
balance, prevention and community health,” said Debra Sukin, President, CHI St. Luke’s The
Woodlands Hospital and Lakeside Hospital. “St. Luke’s has been providing compassionate healthcare
to Southwest Texas for nearly 60 years, and we have been honored to serve North Houston for more
than a decade. We are excited to continue our strong legacy within the region by expanding our
clinical programs, new models of care and cost-effective treatment options.”
With an initial investment of $110 million, the new campus will include a 55,000-square-foot
ambulatory medical center and a 100,000-square-foot medical office building with space for more than
30 physicians. Additionally, CHI St. Luke’s is committed to investing as much as $70 million over the
next five years for future developments, including a master plan for future hospital and campus
expansion that will enable the organization to continue to provide high-quality care with the continued
growth of Springwoods Village. CHI St. Luke’s has hospitals in The Woodlands and in The Vintage, a
development east of Springwoods Village. The new facility will be more convenient to an estimated
300,000 individuals living and moving to the area.
“Integrating healthcare facilities into Springwoods Village is an important part of creating a complete
community,” said Keith Simon, Executive Vice President, Coventry Development Corporation. “CHI St.
Luke’s is the perfect health care partner because of its focus on providing services where people live,
work and play. Springwoods Village will be home to 50,000 employees and residents, so it’s important
they have access to excellent health care delivered right in the community.”
Located 25 miles north of Downtown Houston, Springwoods Village is an 1,800-acre mixed-use
community in north Harris County, and home to the new ExxonMobil corporate campus and
Southwestern Energy’s consolidated headquarters. Designed for sustainability, Springwoods Village
will serve a population of up to 50,000 employees and residents while providing diverse housing
options and amenities, such as shopping, dining, schools, civic facilities and outdoor recreation.
Springwoods Village Receives Environmental Impact Award
from North Houston Association
Mixed-Use Community Is Recognized for Holistic Approach to Sustainable Development
Houston (May 22, 2014) –The North Houston Association yesterday bestowed its prestigious
Environmental Impact Award on Springwoods Village for its holistic, sustainable design. The award
recognizes organizations for their efforts in preserving and protecting the environment in north Houston.
Springwoods Village, located in North Harris County combines preservation of the existing ecosystem;
development of a walkable, urban environment, with access to jobs, retail, entertainment and nature;
and placing high sustainability standards on all home and commercial construction - an approach not
seen before in other master-planned communities located in and around the Houston area.
“Employers, residents and visitors want to work, live and play in attractive, sustainable communities,”
said Keith Simon, executive vice president of CDC Houston, the developer of Springwoods Village.
“From the development of the community plan to the execution of the infrastructure and the
requirements we place on our land buyers and developers, we are making Springwoods Village one of
the most sustainable communities in America. “
The existing forest and Spring Creek ecosystems continue to be protected and preserved during the
construction phases. The community is directly connected through the Springwoods Village Nature
Preserve - a 150-acre ecologically-rich nature preserve featuring a forest habitat, wetlands and a pond -
to the Spring Creek Greenway, a premier regional greenway system, providing access to 33 miles of
trails, recreation and natural ecosystems for the entire community.
Springwoods Village is a $10-billion, 1,800-acre, mixed-use community situated along the west side of
Interstate 45 between Springwoods Village Parkway and the future Grand Parkway. The nature-inspired
residential and commercial community provides diverse housing options, civic facilities, outdoor
recreation and a 60-acre Town Center with office space, shopping, dining and lodging in an urban,
walkable environment.
WOODBINE AND INTERMOUNTAIN MANAGEMENT WILL DEVELOP
RESIDENCE INN IN SPRINGWOODS VILLAGE
Extended Stay Hotel Will Help Establish a New Hotel Submarket in North Houston
HOUSTON (March 12, 2014) – Woodbine Development Corporation and InterMountain Management
(IMM) announced today they have purchased 3.25 acres in Springwoods Village to develop an
extended-stay hotel. The new hotel, a 128-room Residence Inn, is scheduled to open in summer
2015 and is the first of three select-service hotels Woodbine will develop in Springwoods Village.
Currently in the design phase, Residence Inn will serve the ExxonMobil campus, Southwestern
Energy headquarters and other employers in the area, and will be the third project developed by
Woodbine and IMM since the companies joined forces in 2012. Woodbine, known for its extensive
hospitality and mixed-use projects, also plans to develop a full-service hotel in Springwoods Village’s
Town Center.
“Since teaming with IMM two years ago, we’ve discovered incredible synergies for the projects we’ve
taken on together,” said King Scovell, Woodbine’s vice president of development. “We’re glad to be
involved in Springwoods Village’s evolution into a vibrant, mixed-use hub, where these hotels will play
an important role in the community.”
Springwoods Village is a $10-billion, 1,800-acre, mixed-use community situated along the west side
of Interstate 45 between Springwoods Village Parkway and the future Grand Parkway. Designed for
sustainability, the nature-inspired residential and commercial community will provide diverse housing
options, civic facilities, outdoor recreation and a 60-acre Town Center with office space, shopping,
dining and lodging in an urban, walkable environment.
“With several planned hotels, Springwoods Village will help stimulate a new hotel submarket to
accommodate the needs of the rapidly expanding employment center in the north Harris County,”
said Keith Simon, executive vice president of CDC Houston. “The development of Residence Inn is
the first step in our strategy to provide a range of hotel products at different price points within walking
distance of work centers.”
Other members of the Residence Inn development team include GH2 Hospitality Architects of Tulsa;
Walter P Moore Engineers of Tulsa; Precision Engineering of Tulsa and DCI Engineers of Austin.