Sunday, June 26, 2016

HFF arranges joint venture equity for recapitalization of River Oaks District in Houston, TX

River Oaks District, Houston, TX

Trey Morsbach
DALLAS, TX – June 23, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity for the recapitalization of River Oaks District, a 650,000-square-foot, luxury mixed-use development in Houston, Texas.

HFF worked exclusively on behalf of the developer, OliverMcMillan and its equity partner, to arrange joint venture equity for the recapitalization of the property from institutional investors advised by J.P. Morgan Asset Management.  HFF previously arranged construction financing on behalf of the developer in 2013.

Completed in late 2015, River Oaks District is on the northeast corner of Westheimer Road and Westcreek Lane in Houston’s Inner Loop (Interstate 610).  Situated on 14.5 acres, the property is adjacent to the Galleria office and retail district and River Oaks neighborhood, which is the city’s most exclusive residential area.

  The luxury project encompasses 302,000 square feet of retail, fine dining and entertainment space leased to high-end tenants, including Hermès, Cartier, Dior, Chopard, Tom Ford, Patek Philippe at deBoulle, Dolce & Gabbana, Harry Winston, Diptyque, Bruno Cucinelli, iPic Theaters, Equinox, Flow Juice Bar, Hopdoddy Burger Bar, Le Colonial, Steak 48, Taverna and Toulouse Café and Bar. 

Bill Fishel
The project is also home to 66,000 square feet of state-of-the-art boutique office space and the Grey House at River Oaks District, a 279-unit, two-building contemporary residential community.

  Visually inspired by the grey hues used in the design of Renzo Piano’s renowned Menil Collection building in Houston’s Museum District, Grey House features luxury finishes and amenities, including two lap pools, fitness center, yoga room, clubhouse, screening rooms, conference room and concierge service.

The HFF equity placement team representing the developer was led by senior managing director Trey Morsbach and director Bill Fishel.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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