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The former Greenspoint Mall will become a $150 million industrial park under a major North Houston redevelopment plan. The Greenspoint Mall redevelopment will replace the aging retail property with industrial buildings, commercial services and new employment opportunities.
Lincoln Property Company and New York Life Investment Management announced the project this week. Demolition is scheduled to begin in October 2026.
Greenspoint Mall Redevelopment Covers 80 Acres
The developers acquired approximately 80 acres at 12300 North Freeway, near Interstate 45 and Beltway 8. The site will become CityNorth Industrial Park, a 1.2 million-square-foot industrial campus.
Plans call for cross-dock and rear-load buildings serving logistics, distribution and other industrial companies. Cross-dock facilities allow businesses to transfer goods quickly between arriving and departing trucks.
The campus will also include retail and service businesses. However, developers have not announced the final number or sizes of the planned buildings.
The property offers direct access to Interstate 45, Beltway 8 and the Hardy Toll Road. George Bush Intercontinental Airport is about seven miles away.
Lincoln Executive Vice President Gabe Lerner said the site could accommodate large distribution operations and smaller companies seeking a North Houston location.
The first phase is expected to open during the first quarter of 2028, according to Commercial Property Executive.
Project Could Support 1,200 Permanent Jobs
Developers estimate the project will support approximately 300 construction jobs. Once completed, CityNorth Industrial Park could accommodate about 1,200 full-time positions.
Fitness Connection, one of the mall’s last remaining businesses, will stay at the property. The gym will move into a planned 45,500-square-foot facility built specifically for the company.
Powers Brown Architecture will serve as the project architect. Kimley-Horn is the civil engineer, while E.E. Reed Construction will oversee general construction.
Lincoln and New York Life acquired the property from Triyar Cannon Group. The companies did not publicly disclose the purchase price.
Kevin Wyatt, an executive vice president at Lincoln, called the redevelopment an important opportunity for the area.
“CityNorth Industrial Park will return a prominent property to productive use,” Wyatt said in the developers’ announcement.
New Chapter for a Former Houston Shopping Center
Greenspoint Mall opened in 1976 and once ranked as Houston’s largest shopping center. It served North Houston for nearly five decades before losing major retailers and most of its customer traffic.
The mall’s remaining stores closed in 2024. Years of declining activity had prompted several redevelopment proposals, including plans for housing, parks and mixed-use construction.
Houston Mayor John Whitmire said the industrial project could bring investment and jobs to the Greenspoint and Aldine ISD communities. He also cited plans for a Houston Police Department North Belt station and a replacement for Houston Fire Station 84.
The city established the Greater Greenspoint Tax Increment Reinvestment Zone to support the area’s revitalization. The zone can help fund infrastructure, drainage, mobility and other eligible public improvements.
However, officials have not disclosed specific public funding commitments for CityNorth Industrial Park.
The project also connects with Lincoln’s existing CityNorth office campus. The company acquired the former ExxonMobil office complex in Greenspoint in 2017 and began renovating it under the CityNorth name.
After years of uncertainty, the Greenspoint Mall redevelopment gives the prominent site a defined construction schedule. Residents can expect demolition activity beginning in October, followed by several years of industrial development and related infrastructure work.