What Park Eight Place is
Park Eight Place is a planned 70-acre, 2-million-square-foot mixed-use district on the former Halliburton campus at Beltway 8 and Bellaire Boulevard, led by Johnson Development with a design team that includes Gensler, TBG, and BGE. The published program: retail and restaurants (roughly 200,000 SF of new retail and dining), a hotel, more than 2,000 residences, office space, and a direct connection to the 200-acre Arthur Storey Park and the Brays Bayou Greenway trail system. Reported investment starts at $1 billion, with estimates approaching $2 billion at full buildout.
Two civic firsts ride along with it. In November 2024, Houston City Council approved Walkable Places and Special Parking Area designations for the site — the first developer-initiated award in the city's history — unlocking a density bonus and a 16% parking reduction. The city also approved a tax reimbursement agreement of up to $23 million, against a projected $1 billion in new taxable value for the district. The development has also been billed as including Houston's first net-zero office/commercial space.
Where the project stands
Demolition of the Halliburton campus is complete and site and infrastructure work is underway. Vertical construction is targeted for early 2027. In development terms, this has moved past the rendering stage: the land is cleared, the entitlements are in hand, and the public incentives are approved.
Why it matters if you office in Westchase
Amenity districts change the math of the neighborhoods around them. When 200,000 SF of restaurants and retail, a hotel, and thousands of residents land next to an office submarket, three things tend to follow: recruiting gets easier (people want to work near places worth walking to), client entertainment gets easier, and — eventually — nearby office rates re-price to reflect the upgraded address.
That last part is the one to plan around. Houston asking rents already rose to $30.74/SF in Q1 2026, up roughly 6–7% year over year, while the citywide construction pipeline has shrunk to a historic low of about 273,000 SF — essentially all of it pre-leased. A billion-dollar neighbor arriving into that supply picture is the textbook setup for rate appreciation. We walk through the numbers in our Westchase office market 2026 breakdown.
How close our buildings are
All three of our Westchase-area buildings sit within a few minutes of the site:
| G&W building | Distance | Drive time | What it means |
|---|---|---|---|
| 11111 Wilcrest Green Dr | 1.4 mi | ~4 min | Practically next door — lunch, gym, and client dinners in the district |
| 11200 Richmond Ave (Suite 600: 28,884 SF available) | 1.8 mi | ~6 min | Full-floor headquarters opportunity minutes from the amenity hub |
| 800 Wilcrest Dr | 3.6 mi | ~11 min | Westheimer-corridor access with the new district within reach |
Distances are straight-line from geocoded addresses; drive times are estimates and vary with traffic.
Tour the Westchase portfolio in 3D
Live availability, published rates, and furnished walkthroughs at all three buildings — shortlist from your desk, then come see your favorites.
View 11200 Richmond Browse all four buildingsThe tenant's takeaway
You don't have to wait for 2027 to benefit. The practical play is to office near the district at today's Westchase rates — see the shortlist of office space near Park Eight Place — and let the amenities arrive around you. Every G&W building is owner-operated, runs on our patented Atenea BAS smart-building platform (US Patent 11,630,236 B2), and publishes real rates with furnished 3D tours, so the shortlisting takes an afternoon, not a month.
Sources: Click2Houston · Houston Public Media · The Real Deal · CultureMap Houston · parkeightplace.com. Investment, incentive, and timeline figures as reported; subject to change by the developer.
Frequently asked questions
What is Park Eight Place?
Park Eight Place is a planned $1 billion, 70-acre, 2-million-square-foot mixed-use district by Johnson Development on the former Halliburton campus at Beltway 8 and Bellaire, with retail, restaurants, a hotel, 2,000+ residences, office space, and a direct connection to Arthur Storey Park and the Brays Bayou Greenway.
When will Park Eight Place open?
Demolition is complete and site work is underway, with vertical construction targeted for early 2027. Opening phases follow construction; timelines are the developer's and subject to change.
Where exactly is Park Eight Place?
The 70-acre site sits at Beltway 8 and Bellaire Boulevard in southwest Houston, adjacent to the 200-acre Arthur Storey Park, on the southern edge of the Westchase district.
What is a Houston 'Walkable Place' designation?
It's a City of Houston ordinance designation applying pedestrian-oriented development standards; at Park Eight Place it came with a density bonus and a 16% parking reduction — the city's first developer-initiated award (November 2024). Full explainer: Houston's Walkable Places program.