[Urbannizer]

Full Article: http://www.houstonchronicle.com/busi...5959253.php#/1

Originally Posted by Houston Chronicle

A green site in Memorial to become luxury real estate

A vacant 14 acres along Memorial Drive - a rare sight in this affluent west Houston neighborhood - have been sold to a developer who plans to fill the property with million-dollar homes, luxury apartments and commercial space.

Midway is best known for CityCentre, the high-end shopping, residential and hotel complex near the intersection of Interstate 10 and Beltway 8.

The company's new project is about a mile away from CityCentre. While it will have a similar urban-style design, the developer says it will have a more intimate feel.

"It's more of a village scale," said Shon Link, executive vice president of development for Houston-based Midway, which recently purchased the land from Houston Methodist. "I think the personality is different."

The project, to be called Memorial Green, will complement the neighborhood, the company said.

"It's not going to be impactful in a negative way," Link said. "We're adding to the neighborhood."

The project is expected to break ground in January and be completed in summer 2016.