On Aug. 6, Coventry Development Corporation Houston Inc. announced specific plans for development of Phase 1 of the Springwoods Village Town Center, set to begin construction in early 2014.

Phase 1 plans include construction on 250 apartments, a hotel, office space and up to 100,000 square feet of retail space. The new center will be near the planned Town Lake with a public outdoor plaza and water feature, adjacent to the ExxonMobil campus under construction on the west side of I-45. The town center will be in the $10 billion, 1,800-acre Springwoods Village.

"We're projecting [town center construction to be complete] some time in the second half of 2015," said Keith Simon, executive vice president of Coventry. "There will be a substantial population living in the Springwoods Village in the second half of 2015. By 2015, about 12,000 employees and about 1,200 residents [will be in the area]."

Fein Construction is in charge of constructing the high-end apartment complexes along Lake Plaza Drive with retail space on the ground floor of the property. The company is building an additional 342-unit Belvedere apartment complex in Springwoods Village on Holzwarth Road.

Woodbine Development Corporation will spearhead plans for the soon-to-be-announced hotel coming to the town center. Simon said there are future plans to construct more hotels in the town center.

Patrinely Group is expected to build potentially 1 million square feet of space at the town center with retail stores in the ground floors. The company is also developing a 515,000-square-foot headquarters for Southwestern Energy, scheduled to be completed in late 2014.