Houston-based Midway, a real estate investment, development, and management firm, plans to redevelop the former ConocoPhillips corporate headquarters site into a mixed-use destination called Watermark District at Woodcreek.
In the late 1970s, architect Kevin Roche originally designed the Conoco site so that it resembled a Japanese fishing village, with bridges over ponds and grassy areas connecting the 16 three-story office pavilions.
To preserve this history and minimize carbon impact, Midway plans to repurpose some of the 70-acre site’s existing infrastructure while creating new office, multifamily, retail, restaurant, and hotel opportunities, all surrounded by waterfront views and outdoor walkways.
“Watermark is … an urbanization of the suburban experience in one of the fastest-growing regions in Houston,” said Brad Freels, Midway Chairman and CEO.
Midway says it will repurpose portions of the existing 1.3 million square feet of office space while preserving the low-rise, low-density work environment. Once completed, Watermark’s 650,000 square feet of office space will offer flexible floorplans, abundant natural light, and direct access to surrounding amenities.
To support a vibrant neighborhood after working hours, Midway plans to repurpose existing buildings as luxury multifamily apartments and a boutique hotel, and the development will include various restaurants, cafes, and bars. Midway also intends to modernize the existing 100,000-sf fitness facility.
In addition, Midway has partnered with cleantech social impact company 374Water to provide a fully integrated sustainable wastewater management system at Watermark. The system will transform wastewater and food wastes generated onsite into valuable resources, such as clean water, energy, and minerals, that will be reused within the district. The project also will preserve more than 500 trees.
On the Building Team:
Owner and developer: Midway
MEP engineer: I.A. Naman
Structural engineer: VSM Structural Engineers
Landscape architect: OJB
Related Stories
Adaptive Reuse | Oct 22, 2024
Adaptive reuse project transforms 1840s-era mill building into rental housing
A recently opened multifamily property in Lawrence, Mass., is an adaptive reuse of an 1840s-era mill building. Stone Mill Lofts is one of the first all-electric mixed-income multifamily properties in Massachusetts. The all-electric building meets ambitious modern energy codes and stringent National Park Service historic preservation guidelines.
MFPRO+ News | Oct 9, 2024
San Francisco unveils guidelines to streamline office-to-residential conversions
The San Francisco Department of Building Inspection announced a series of new building code guidelines clarifying adaptive reuse code provisions and exceptions for converting office-to-residential buildings. Developed in response to the Commercial to Residential Adaptive Reuse program established in July 2023, the guidelines aim to increase the viability of converting underutilized office buildings into housing by reducing regulatory barriers in specific zoning districts downtown.
Adaptive Reuse | Sep 12, 2024
White paper on office-to-residential conversions released by IAPMO
IAPMO has published a new white paper titled “Adaptive Reuse: Converting Offices to Multi-Residential Family,” a comprehensive analysis of addressing housing shortages through the conversion of office spaces into residential units.
Adaptive Reuse | Aug 29, 2024
More than 1.2 billion sf of office space have strong potential for residential conversion
More than 1.2 billion sf of U.S. office space—14.8% of the nation’s total—have strong potential for conversion to residential use, according to real estate software and services firm Yardi. Yardi’s new Conversion Feasibility Index scores office buildings on their suitability for multifamily conversion.
Adaptive Reuse | Aug 28, 2024
Cities in Washington State will offer tax breaks for office-to-residential conversions
A law passed earlier this year by the Washington State Legislature allows developers to defer sales and use taxes if they convert existing structures, including office buildings, into affordable housing.
Adaptive Reuse | Aug 22, 2024
6 key fire and life safety considerations for office-to-residential conversions
Office-to-residential conversions may be fraught with fire and life safety challenges, from egress requirements to fire protection system gaps. Here are six important considerations to consider.
Reconstruction & Renovation | Aug 19, 2024
Movement to protect historic buildings raises sharp criticism
While the movement to preserve historic buildings has widespread support, it also has some sharp critics with well-funded opposition groups springing up in recent years. Some opponents are linked to the Stand Together Foundation, founded and bankrolled by the Koch family’s conservative philanthropic organization, according to a column in Governing magazine.
Adaptive Reuse | Aug 14, 2024
Adaptive reuse revives a former warehouse in St. Louis
The Victor, as the building is now called, has nearly 400 residential apartments.
Adaptive Reuse | Aug 14, 2024
KPF unveils design for repositioning of Norman Foster’s 8 Canada Square tower in London
8 Canada Square, a Norman Foster-designed office building that’s currently the global headquarters of HSBC Holdings, will have large sections of its façade removed to create landscaped terraces. The project, designed by KPF, will be the world’s largest transformation of an office tower into a sustainable mixed-use building.
Modular Building | Aug 13, 2024
Strategies for attainable housing design with modular construction
Urban, market-rate housing that lower-income workers can actually afford is one of our country’s biggest needs. For multifamily designers, this challenge presents several opportunities for creating housing that workers can afford on their salaries.
