The land is located on John F. Kennedy Boulevard near George Bush Intercontinental Airport's Consolidated Rental Car Facility. The article says that, pending council approval on Dec. 2, Midway Cos. would lease the acreage for 40 years.
The article also notes that Midway would have two years to sell the concept to potential tenants, then up to two years for development. The development would include restaurants, a gas station and a convenience store. Other possible projects could include a 125-room hotel, and retail and office space.
The Houston Airport System began looking for a developer for a potential mixed-use project in 2007 and Vaughan Ford Properties and JDDA Concession Management were originally selected for the job. During late 2008, Vaughan Ford pulled out, and Midway Cos. stepped in.
Read more about the story here.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
