WoodHouse, a Dallas-based hospitality company and co-founder of Park House, has secured a $33 million refinancing for the building at 4411 San Felipe Street in Houston. The financing was arranged by JLL, with Tannenbaum Capital Group providing the floating-rate loan.
The property is a seven-story, 95,000-square-foot mixed-use building that was completed in 2023 and is fully leased. Park House, described as a private social club with a waitlist of 1,000 people, occupies 41,000 square feet within the building. According to the release, “The club offers three different restaurants, four bar/lounge areas, plus daytime and evening social events for members.” Its lease extends until the end of 2033.
Other tenants in the building include Ciel Restaurant, Fountain Life—a wellness company—and Advancial Federal Credit Union. The development was led by DC Partners in 2023.
Located near Houston’s River Oaks neighborhood, the property offers access to Loop 610 and proximity to The Galleria and Uptown districts. River Oaks is known for having some of Houston’s most expensive residential listings. Additionally, Transwestern is developing a nearby 17-acre mixed-use project called The RO at West Alabama Street and Buffalo Speedway. This project will feature an Auberge Collection hotel and condo tower named The Bridsall as well as luxury apartments and high-end retail.
Park House also operates another location in Dallas’ Highland Park Village retail center. The founders of Park House are Megan and Brady Wood—owners of WoodHouse—and Deborah and John Scott. John Scott previously served as CEO of Rosewood Hotels & Resorts. D Magazine reported in 2018 that these couples were inspired by London’s private clubs such as Soho House and The Arts Club.
