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Award-winning Montrose mainstay Common Bond Cafe & Bakery sets sights on North Houston, leasing prime street front space at Cityplace in Springwoods Village

Award-winning Montrose mainstay Common Bond Cafe & Bakery sets sights on North Houston, leasing prime street front space at Cityplace in Springwoods Village

May 1, 2019

HOUSTON, TX – May 1, 2019 – CityPlace, a new, best-in-class urban mixed-use district anchoring Springwoods Village, has executed a restaurant lease with Common Bond Cafe & Bakery, owned by Houston-based entrepreneur George Joseph. The Montrose mainstay, which has garnered legions of loyal customers for its house made sweets, casual savory fare and playful, communal setting, will occupy 4,289 square feet with a spacious patio on the ground floor of CityPlace 1. A debut is slated for the first quarter of 2020.

Common Bond was represented by Alan Chodrow and Shane Karstendiek of Chodrow Realty Advisors. Nick Hernandez and Crystal Allen of Transwestern, along with Dennis Tarro of Patrinely Group, represented CityPlace, a joint venture of Patrinely Group, USAA Real Estate and CDC Houston.

“Bringing one of Houston’s best bakeries to CityPlace is a treat for all of us,” said Robert Fields, President and CEO at Patrinely Group. “Common Bond’s emphasis on quality and community are very much in keeping with our goals at CityPlace, and we’re thrilled to have their partnership so early in our launch and the sought after brand’s initial expansion.”

“Common Bond is a great addition to the growing retail and dining experience we are creating at CityPlace,” said Warren Wilson, Executive Vice President of CDC Houston. “We are very pleased to be attracting high quality, proven concepts as we continue to expand the live, work, play experience which has been established at CityPlace.”

Common Bond joins a growing food and beverage roster that includes just opened SwitcHouse restaurant at the Houston CityPlace Marriott at Springwoods Village, plus recently announced Island Grill, opening in mid-2019. Entertainment and lifestyle tenants Star Cinema Grill, a 10-screen, dine-in movie theater, and 24 Hour Fitness will open for business in June 2019 and late 2019, respectively.

According to Joseph, “From its striking architecture and picturesque lakefront setting to incredible roster of office tenants like ExxonMobil, HP and Southwestern Energy, CityPlace was an in ideal expansion location. We appreciate the CityPlace team’s vision and are looking forward to welcoming guests from the area – many who have been making the trip to Montrose – closer to home.”

Common Bond Cafe CityPlace will serve weekday breakfast, weekday lunch and dinner, as well as weekend brunch and dinner.

About Common Bond

In every city, village and town, the “common bond” that everyone shares is the love of good food. It bridges together all ages, cultures and beliefs. From this idea, Common Bond Café and Bakery was opened in May 2014 in the Montrose area of Houston, TX. Common Bond is a neighborhood restaurant where the community gathers to dine and bond over good food and extraordinary pastries. For more information, please visit www.commonbondcafe.com.

About CityPlace Springwoods Village

CityPlace is a 60-acre, fully-integrated, mixed-use development providing the growing area along the Grand Parkway corridor near the ExxonMobil campus with a new destination of choice, integrating working, shopping and living. CityPlace is the commercial urban center of Springwoods Village, a 2,000-acre master planned community situated along the west side of Interstate 45 between Springwoods Village Parkway and the Grand Parkway. For more information, www.cityplacespringwoods.com.

About Patrinely Group, LLC

Patrinely Group is a national real estate investment, development and management firm focused on large scale, Class A mixed-use, office and multifamily properties in major markets across the U.S. Recognized as a leader in real estate development since 1983, Patrinely Group has completed $10 billion in transactions and is experienced with all real estate asset classes. For more information, visit www.patrinelygroup.com.

About USAA Real Estate

USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.

About CDC Houston

CDC Houston, Inc., (a subsidiary of Coventry Development Corporation (New York), is an experienced land developer with expertise in creating mixed-use urban communities that foster smart and responsible growth for commercial and residential vitality. Coventry has provided development services for mixed-use projects in New York, Colorado, Texas and Guam over its 45+ year history. In 2001, the company launched RidgeGate, also a sustainable, mixed-use community, in Lone Tree, Colorado which consists of 3,500 acres. CDC Houston is the master developer of Springwoods Village. For more information, please visit: www.springwoodsvillage.com.