HOUSTON, TX – November 19, 2019 – CapRidge Partners, LLC, (CapRidge) is proud to announce the kick-off of a multi-million-dollar renovation of their recently acquired office portfolio in Houston, Texas. The portfolio, acquired in March of 2019, encompasses 541,000 square feet of office space in three buildings – 1616 S. Voss, 7500 San Felipe and 6363 Woodway.
“Now is the time for this portfolio to elevate its presence in the Memorial neighborhood, and we are thrilled to share the exciting changes,” said Dan Terpening, Director at CapRidge Partners. “From extensive interior improvements to upgraded tenant amenity packages, the project will provide a connected, engaging and people-first environment for our tenants.”
The interior renovations will include reconfigured and upgraded finishes in each of the building lobbies, enhanced building amenity packages, upgraded common areas, restrooms and elevator cabs. Exterior updates will include lush landscaping, a programmable activity lawn, shaded seating areas, and outdoor meeting space. The construction will commence in January of 2020 with an estimated completion in summer of 2020.
The buildings have also undergone an overall rebrand to provide a consistent look and feel that will mirror the high-end quality of the post-renovation product. The buildings commonly known as 1616 Voss and 7500 San Felipe will now be known as Memorial Tower I and Memorial Tower II, respectively. 6363 Woodway will now be known as Woodway Tower.
CapRidge is partnering with Stream Realty Partners (Stream) for the leasing and marketing of the project. Craig McKenna and Matthew Asvestas with Stream will be providing leasing services. Abel Design Group was selected as lead designer for the project, Clark Condon as the landscape architect, and O’Donnell/Snider Construction as the general contractor.
“This project embodies CapRidge’s commitment to providing a reimagined environment for both the current and future generations of office tenants in Houston’s Memorial area and the Village cities,” said Craig McKenna, Vice President at Stream. “The on-site transformation planned for this project is enhanced by its adjacency to several of Houston’s finest neighborhoods and walkability to several food and amenity options.”