Sport is the engine. Place is the product.
A new-age urban racquet & country club on 8–12 acres in Houston's East River master plan — home to professional tennis and padel events, and a members' community built around them.
The Concept
Three concepts. One platform philosophy.
Urban racquet & country club — padel, tennis, squash, badminton, table tennis, wellness and F&B.
OZD Sports operates programming — former World No. 1 coach of Chingotto, Lebrón, Navarro, Triay. Junior pipeline to pro.
Sanctioned ATP-pathway / Challenger tennis event and a professional padel tour stop on Center Court (demountable — swaps in 24h).
Why East River
An entitled master plan, unmet demand.
East River is Houston's largest urban infill entitled for mixed-use — with the fastest-growing padel demand in the US and no premium racquet club within a 10-mile radius.
The property is available for purchase via a simple fee-simple transaction, and terms are open to negotiation based on programming, build spec and phasing. Prime inner-loop position makes this an easy decision for greater Houston — and pulls in the outer suburbs as a weekend destination.
Padel courts
Tennis courts + 4 squash
Center Court seating (event mode)
Clubhouse · residence · academy
CAPEX & Returns
$190.7M base scheme. C-PACE eligible.
Stabilized Y5 revenue
Stabilized NOI
Condo gross sell-out (26 units)
SPV-held contingency
| Capital Layer | Amount |
|---|---|
| Senior construction debt · 50–55% LTC · C-PACE eligible | $90M – $105M |
| LP equity · institutional / family-office | $50M – $62M |
| Sponsor equity · TWC + OZD (incl. dev fee deferral) | $16M – $22M |
| Pre-opening capital · condo deposits / founders / keys | $14M – $22M |
Milestone gates before vertical commits: 500 founder memberships pre-sold and 50%+ of the 26-unit condominium release pre-sold. Ground-lease JV with East River's master developer.
The Structure
GL JV plus $175M–$205M phased.
Ground-lease JV with East River's master developer, phased debt/equity capital stack. Founder pre-sales serve as demand instruments and de-risk absorption.