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Texas

Moody Rambin’s Town Centre will finally get its sequel

The company announced plans to finish Town Centre Two by Q3 2023

From left: Moody Rambin's Howard Rambin and Dan Moody Jr. with 730 Town & Country
From left: Moody Rambin's Howard Rambin and Dan Moody Jr. with 730 Town & Country (Loopnet, Getty, Moody Rambin)

After breaking ground on phase one almost a decade ago, Houston-based Moody Rambin says it may finally be ready to get started on phase two of its Town Centre development in Memorial City.

The planned new development is an eight-floor 167,000-square-foot office building next to CityCentre and Town & Country Village, according to the Houston Business Journal. Moody expects the Town Centre Two — located at 730 Town & Country Boulevard — to be completed by the third quarter of 2023.

HBJ first reported Moody Rambin’s plans to build a second office building in the development in 2019 but the project has yet to break ground. At the time, the building was expected to cost $22 million, according to a Texas Department of Licensing and Regulation filing. The figure on the TDLR filing has since been updated to $24 million.

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Founders Dan Moody Jr. and Howard Rambin launched their eponymous company in 1969. The duo met through a mutual friend who knew that both had dreams of building zero-lot-line patio homes.

The Town Centre Two building is being planned entirely by Houston-based firms — designer Kirksey Architecture, DBR Engineering with its landscape designed by Kudela & Weinheimer. San Antonio-based Frost Bank is responsible for providing the construction financing, and Birmingham, Alabama-based Hoar Construction will serve as the general contractor.

As for tenants, South Carolina-based Greystar has already signed on to lease three floors, a total of 68,000 square feet.

“Town Centre One is 100 percent leased, and with the continued demand for space in the immediate area, we anticipate strong lease demand for Town Centre Two,” Moody said.

— Maddy Sperling

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Office Space