Balcor Commercial, an investment sales brokerage firm, is developing a new 50,000-square-foot building in the Museum District of Houston, Texas that's expected to open during the 4th quarter of this year. Designed by Energy Architecture, the development at 1801 Binz is already under construction. The cost of the project was not disclosed.
Transwestern's Houston headquarters announced this week that it has been awarded the leasing assignment for the mixed-use development, with 60% of the property already leased. The development will contain a mix of high-end retail, medical and office space. "Upon completion, 1801 Binz will be one of Houston's finest boutique developments, combining multiple unique food concepts with first-class office space," said Nelson Udstuen, vice president of healthcare advisory services at Transwestern. "Its proximity to the Texas Medical Center with immediate access to Main Street and Highway 288 creates the ideal environment for medical and office tenants seeking a premier location in one of Houston's most sought after submarkets."
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