This Week in Houston Real Estate: New developments, real estate coworking space and more

by Lauren Clohessy

Coworking spaces have been powerful and effective tools that working professionals around the nation have taken advantage of, but a new coworking space opening in Houston offers a new approach. The coworking company, Rethink, will open its first offices in Houston and Denver in Spring 2019. Unlike usual coworking offices that have various industries around, Rethink is focuses on real estate professionals.  “Our company’s approach is to focus on industry verticals and have people who do the same or similar things occupy the same space,” Rethink president Ken Cope said in the Houston Business Journal. Even though the focus is on the real estate industry, Rethink will not turn away prospective members from other fields.

In other real estate news:

  • Patrinely Group, USSA Real Estate and CDC Houston broke ground on a new mixed-use development. According to a report, the project in the Springwood Village City Place development is scheduled for completion in early 2019. The mixed-use development will include an office and retail building and a Star Cinema Grill.  A skybridge will also connect the building with the parking garage. 
  • Fein plans to break ground on Reverie at River Hollow apartments next month. The two multifamily rental apartment buildings will offer families with various floor plans to choose from. The project is expected to be completed by the end of 2020, according to a Realty News Report. “We are excited to move forward on our new development in Houston’s Uptown neighborhood,” said Fein vice president, Daniel Fein.
  • As home demands around Houston rise, Harvest Green released 178 new homesites since June, causing a bumper crop of new homes. “All of our builders have been posting excellent sales figures but Newmark, Lennar and D. R. Horton have been red-hot. I think it’s fair to say that these new homesites won’t last long,” said Harvest Green general manager, Shay Shafie. The homesites have gone to various builders, including Perry Homes, Lennar, Westin Homes and Newmark Homes. According to a press release, Harvest Green is scheduled to release 226 homesites by the end of 2019.

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