McCord Development – Generation Park

McCord Development Generation Park picPhoto Courtesy of McCord Development

McCord Development honors its late founder’s vision of a 4,000-acre master-planned economic center in northeast Houston.
By Jim Harris

In 2012, shortly after closing the first deal to build on land in northeast Houston owned by his company, McCord Development Founder Rick McCord took a fishing trip that routed him through Dubai. When he returned, he had a challenge for his son, Ryan, who today is the company’s president.

“He told me I have to step up my game and develop this more like Dubai – that’s how high we’ve set the bar,” Ryan McCord says.

At the time, the company had secured a 173-acre corporate campus for a Fortune 500 company on the site, now known as Generation Park. McCord Development led more than $30 million in infrastructure work on the land including utility, street and landscaping work performed between 2012 and 2014, when the TechnipFMC campus broke ground.

Generation Park is located on 4,000 acres of land straddling Beltway 8/The Sam Houston Parkway in the northeast Houston submarket called Lake Houston. Generation Park is a 10-minute drive to George Bush Intercontinental Airport, 15 minutes to the Port of Houston and 20 minutes to downtown Houston. Rick McCord had purchased the land over the course of nearly 30 years, extending back to 1985, when he began developing Summerwood, a neighborhood of single-family homes located just north of the Generation Park site. McCord Generation Park box

“One of the things we liked about this area is that it’s naturally very beautiful as well as conveniently located,” Ryan McCord says.

Though Rick McCord passed away in 2015 while the TechnipFMC campus was under construction, his vision for the Generation Park development is being realized by his son and many others. “My father was a remarkable man, a great father and a very good businessman as well,” he adds. “Developing a piece of property with a freeway running through it in Houston is not difficult to do, but the way we’re choosing to do it is reflective of my father’s passion and tenacity.”

Founded in 1973, McCord Development develops industrial, residential and commercial properties across the United States. The company has acquired or developed more than $2 billion in successful projects during its more than 40 years in business.

Under Development

The 1-million-square-foot first phase of the TechnipFMC campus, completed in 2016, now houses up to 2,000 employees. 

“Designed by Gensler Architects, the campus is an inspiring and collaborative work environment that promotes a healthy work-life balance through social and interactive spaces, health and fitness facilities and other workplace amenities,” McCord Development says. “This state-of-the-art campus is a great example of what’s possible when the developer and client work together to create a place where employees thrive and a company can grow.” Houston-based D.E. Harvey Builders is the general contractor.

The TechnipFMC campus is the first of several commercial and educational buildings now under construction or development at Generation Park. More than $1 billion worth of development has been completed in and around Generation Park. A total 40 million square feet will be developed in Generation Park. Other projects now under construction include Lone Star College’s 40,000-square-foot Process Technology Center. The center will offer high-tech training programs for workers in the rapidly growing petrochemical, plastics, food and beverage, and pharmaceuticals industries.

This will be the first of two education-related developments at Generation Park. San Jacinto College plans to break ground next year on a 57-acre campus site located next to the TechnipFMC campus.

Redemption Square, a 52-acre mixed-use district at the heart of Generation Park, is also under construction. The district’s first building is at 250 Assay Street and will house the corporate headquarters of Apache Industrial Services, McCord Development and multiple ground floor restaurants.

Stolt-Nielsen, a leading transportation company serving the chemical industry, is building a new North American headquarters on six acres of land in Redemption Square. Westlake Marketplace, a 555,000-square-foot retail area anchored by a Kroger supermarket; and West Lake Village, a 32,000-square-foot retail area, both adjacent to Generation Park, are both mostly complete.

‘Building From Scratch’

McCord Development expects to break ground on an additional $100 million worth of construction this year, including industrial, retail, office, and luxury multifamily uses. In addition, 2017 will likely see the company closing a deal in the healthcare sector.

Generation Park is filling the need for an economic center in Lake Houston. The development will be the newest, and potentially largest, master-planned concentrated employment district in the Houston region, Ryan McCord says.

“We are literally building an employment district from scratch,” Ryan McCord says. “This part of the city has the least amount of office space and industrial space on a per-capita basis and the fourth-least amount of retail space vs. other trade areas in Houston.”

The development’s location near several residential neighborhoods, including Summerwood, makes it highly desirable for office and retail use. More than 390,000 people live in the Lake Houston area, McCord notes.

“Many key business leaders live in close proximity to Generation Park, and that’s where we’re seeing success,” he adds. 

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