By David Taylor Managing Editor
HOUSTON — The former Greenspoint Mall site in north Houston is set to become a $150 million industrial park under plans announced by Lincoln and New York Life Investment Management.
The companies acquired the roughly 80-acre property at 12300 North Freeway, near the northeast corner of Interstate 45 and Beltway 8, for an undisclosed price. Their proposed CityNorth Industrial Park would include 1.2 million square feet of cross-dock and rearload industrial buildings, as well as retail and service space.
Demolition of the mall is expected to begin in October. The first phase of the redevelopment is scheduled for completion in the first quarter of 2028.
Lincoln estimates construction will support about 300 jobs. Once the project is fully developed and occupied, its buildings could accommodate about 1,200 full-time workers. The developers have not announced any prospective tenants.
The complex is expected to serve large logistics and distribution companies as well as smaller businesses seeking access to Interstate 45, Beltway 8 and the Hardy Toll Road.
“CityNorth Industrial Park will return a prominent property to productive use and support the continued growth of the Greenspoint community,” Kevin Wyatt, an executive vice president at Lincoln, said in a statement.
Fitness Connection, which continues to operate at the site, will remain as part of the redevelopment. Plans call for the gym to move into a new 45,500- square-foot build-to-suit facility.
Greenspoint Mall opened in the 1970s and operated for nearly five decades before closing in 2024. The property had faced years of decline and unsuccessful redevelopment efforts.
The project is expected to receive support from the Greater Greenspoint Tax Increment Reinvestment Zone, which the city of Houston created to help finance infrastructure, mobility projects and other public improvements in the area. The developers did not disclose details of any public funding. Mayor John Whitmire told the Houston Chronicle the redevelopment would help restore the property while bringing jobs and businesses to Greenspoint and the Aldine Independent School District community. He cited the planned Houston Police Department North Belt Station and Fire Station 84 as additional investments in the area.
Powers Brown Architecture is designing the project, Kimley-Horn is serving as civil engineer and E.E. Reed Construction is the general contractor. Northmarq advised on the partnership between Lincoln and New York Life, while Moody Rambin provided brokerage services.
Leave a Reply