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    take me to the river

    Game-changing waterfront mixed-use development flows into East Downtown

    Steven Devadanam
    Apr 2, 2021 | 9:00 am
    East River EaDo Midway houston
    East River will encompass 150 acres and 60 city blocks.
    Rendering courtesy of Midway

    As well-traveled locals know, great cities (New York, Los Angeles, Chicago, London) boast strong, waterfront urban presences. Now, Houston is set to join that mix with an ambitious, years-long development along the East End.

    Dubbed East River, this new, 150-acre mixed-use project promises to transform Houston’s waterfront — east of downtown — into a new economic center. East River (as the name implies) will be nestled in the East End, less than a mile from downtown, and bounded by Hirsch Road to the east, Jensen Drive to the west, Clinton Drive to the north, and Buffalo Bayou to the south.

    By the numbers, East River will encompass 1,000,000 square feet of new construction extending 60 city blocks. The development, which will break ground this year with a full build-out plan spanning 20 years, comes courtesy of Midway; architects include Page, Munoz + Albin, Mayfield and Ragni Studio (MaRS), and OJB.

    To launch the development, a mixed-use project is planned on some 26 acres at the intersection of Jensen Drive and Clinton Drive. A five-story, modern-industrial multifamily community of 360 apartment homes called The Laura will serve new residents.

    Approximately 250,000 square feet of office space is designed to fit a wide variety of business needs, according to press materials. An additional 110,000 square feet of retail at the ground floor of the office buildings, garage, and freestanding plaza, and bayou pavilions will feature hospitality, retail, medical, and entertainment.

    Outdoors, visitors can expect more than 13,000 square feet of plaza green space — with a full calendar of activations including events and live music. Hikers and bikers will enjoy the Buffalo Bayou hike and bike trails and the nearly 500 miles of bike lanes nearby.

    Speaking of green spaces, Midway saved almost 300 trees from the redevelopment of Post Oak Boulevard and other sites around Houston and replanted them in a nursery on the northern boundary of East River. The company also installed two beehives on the East River site in collaboration with Alvéole, a social beekeeping company, in effort to help visitors connect with nature and the environment.

    Midway has also unveiled a new 60-by-20-foot Houston-themed mural on the corner of Jensen Drive and Clinton Drive by local artist David Maldonado. The piece was spray-painted on-site over a two-week period, using six shipping containers as the canvas.

    Expect more announcements and public events and activations as the project breaks ground.

    openingsdowntown
    news/real-estate

    REAL ESTATE NEWS

    More Houston homeowners are becoming 'accidental landlords,' study finds

    Brandon Watson
    Mar 18, 2026 | 10:30 am
    For Lease Real Estate Sign Hangs in Front Yard of House
    Getty Images
    An increasing number of San Antonio homeowners are bcoming "accidental landlords"

    Houston homeowners unable to sell their properties are increasingly becoming “accidental landlords,” according to Zillow. The real estate marketplace’s newest analysis says that 4.2 percent of its local for-sale listings recently converted to rentals, making the Bayou City the second-worst U.S. city for the market trend.

    Only Denver (4.9 percent) ranks higher, with Austin (4.1 percent) and San Antonio (3.9 percent) not far behind. Seven of the top 10 metros are in Texas or Florida.

    Zillow senior economist Kara Ng says today's dynamic is driven by choice rather than panic. Homeowners aren't being forced to sell; they're simply unwilling to accept what the market will actually pay.

    "As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," Ng said in a statement. "Bargaining power is tilting toward buyers, and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."

    Nationally, the trend is nearing a record high. 2.3 percent of all Zillow rental listings were recently for-sale properties, second only to November 2022, when mortgage rates had doubled in a single year, and sellers were scrambling. That spike was shock-driven, but now stubbornness is likely fueling the shift.

    Single-family homes make up the largest share of accidental landlord properties, but condos are seeing the fastest rise. Metros with the hottest buyer competition, including Boston, New York City, and Providence, Rhode Island, have the lowest accidental landlord rates.

    For both local buyers and sellers, Goldilocks thinking is increasingly the norm. Sellers, especially those who bought during the COVID-19 boom, are holding their asking price firm to avoid taking a loss. Buyers, for their part, are refusing to compromise on concessions and repairs.

    Meanwhile, the city's rental market keeps getting larger. In 2025, rental listings website Point2Homes placed the Houston area among the top 10 U.S. metros building the most new homes for rent.

    home marketrentinghome ownershipzillowrankingsreal estate
    news/real-estate

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