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**Forman Capital Closes $37.1M Construction Loan for Houston-Area Retail Development**
Forman Capital has secured a $37.1 million construction loan for the development of The Oaks of District West, a new open-air retail, restaurant, and entertainment destination located in the Richmond submarket of the Houston metropolitan area. Developed by Ferguson Family Partners, the project will be situated at 21711 FM-1093 in Richmond, Texas.
The Oaks of District West is planned as a walkable, suburban retail center featuring approximately 87,244 square feet of leasable space across 10 buildings. The design includes a central green space intended to provide a welcoming, community-centric atmosphere for visitors.
The loan was originated by Scott Mehlman, along with Forman Capital’s Brett Forman and Ben Jacobson. As of now, the project is approximately 70% pre-leased. Confirmed tenants include PICKLR, Grazia Italian Kitchen, Luckie’s Burger, Pacific Coast Tacos, Virtual Golf Bar, and Pecan Jack’s Ice Cream. Overall, the development will host more than 15 retail and dining tenants.
Construction is slated to begin in the first quarter of 2026 and is expected to be completed by the third quarter of 2027.
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