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Forman Arranges Construction Loan for Houston Retail Center
Forman Capital closed a $37.1 million construction loan for the development of The Oaks of District West, a new open-air retail, restaurant and entertainment destination in the Richmond submarket of the Houston MSA. The project is being developed by Ferguson Family Partners and is located at 21711 FM-1093, Richmond, Texas.
The Oaks of District West will feature approximately 87,244 square feet of leasable space across 10 buildings. The suburban center is designed as a walkable, open-air shopping destination with central green space.
Scott Mehlman, along with Forman Capital’s Brett Forman and Ben Jacobson, originated the loan.
The project is approximately 70% pre-leased, with a roster of tenants that includes PICKLR, Grazia Italian Kitchen, and Luckie’s Burger. Other tenants include Pacific Coast Tacos, Virtual Golf Bar, and Pecan Jack’s Ice Cream. In total, the development will include more than 15 tenant spaces.
Construction is scheduled to start in Q1 2026 and is expected to be completed in Q3 2027.
- ◦Financing
