Midway
Midway is a Houston-based, privately held real estate investment, development, leasing, and construction management firm that builds mixed-use, residential, commercial, and hospitality projects across the United States. It serves enterprise tenants, retail occupants, and residential consumers from a portfolio exceeding 55 million square feet developed since 1983.
- Company typePrivate
- Founded1983
- HeadquartersHouston, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Midway does
Midway is a privately held, Houston-based real estate investment, development, leasing, and construction management firm specializing in large-scale mixed-use projects. Its portfolio spans office towers, retail destinations, residential communities, hospitality assets, and integrated live-work-play environments, including CITYCENTRE, CITYCENTRE 6, GreenStreet, Memorial Green, The Laura, Central Park Post Oak, the Texas State University Hotel in San Marcos, and the Port Houston development. Since opening its Houston office in 1983 under CEO Brad Freels, the firm has developed more than 55 million square feet across the United States and is currently advancing expansions into San Diego (Midway Rising, 4,254 units, 5+ million square feet) and Howard County, Maryland (Annapolis Junction, 623 units, 95 affordable).
The business model operates on two revenue streams. First, real estate development generates one-time income through development fees and ownership stakes in mixed-use projects sold, leased, or retained as investment assets. Second, property management and leasing produce recurring income from the owned and operated portfolio. Midway is sales-led, distributing directly to enterprise commercial tenants (such as AWS, VoltaGrid, Enverus, Octave, and Mercuria), mid-market retail tenants (Jeni's Splendid Ice Creams, Velvet Taco), and individual residential renters and buyers. Pricing is quote-based and not publicly disclosed, consistent with commercial real estate norms.
The firm uses direct leasing and direct residential sales channels with a regional scope that is now broadening nationally. It operates a Juniper Square investor portal, indicating institutional investor reporting infrastructure typical of private real estate firms that pool capital from limited partners. Marketing relies on organic social channels (LinkedIn, Instagram, Facebook), a content-marketing website, earned media, and industry awards, including the 2026 Houston Business Journal Landmark Award presented to the CEO. The firm's competitive positioning rests on its founder-led continuity, multi-decade Houston brand recognition, and the capital intensity required to execute master-planned mixed-use projects at scale.
Midway firmographics
Firmographics- Name
- Midway
- Legal name
- Midway
- Website
- https://midwaycompanies.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Midway is a Houston-based, privately held real estate investment, development, leasing, and construction management firm that builds mixed-use, residential, commercial, and hospitality projects across the United States. It serves enterprise tenants, retail occupants, and residential consumers from a portfolio exceeding 55 million square feet developed since 1983.
- Ownership category
- akta.pro rank
Midway industry classification
Industry- Product category
- Commercial Real Estate Development
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Land & Development Site Brokerage (BPAJABAG)
Keywords
Where Midway is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Midway business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Real Estate Development: Development fees and ownership stakes in mixed-use developments including residential, commercial, and retail spaces.
- Property Management: Ongoing property management and leasing services for developed properties.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Midway product offering
Product offeringCore offering
Midway is a full-service real estate investment, development, leasing, and management firm that creates mixed-use and commercial properties spanning office, retail, residential, and hospitality components. The company develops, owns, and operates a portfolio of named projects such as CITYCENTRE, GreenStreet, Memorial Green, Central Park Post Oak, Texas State University Hotel, and Port Houston, while also providing ongoing leasing and property management services to commercial and residential tenants.
Product overview
Midway is a full-service real estate investment, development, leasing, and management firm that operates as a single unified offering focused on creating mixed-use developments and commercial properties. The company's portfolio includes distinct named projects such as CITYCENTRE (a major mixed-use development near Memorial City in Houston), CITYCENTRE 6 (an office tower), The Laura, GreenStreet, Memorial Green, Central Park Post Oak, Texas State University Hotel, and Port Houston. These projects represent different property types within their development portfolio rather than separate product lines or modules.
Differentiator
Problem solved
Functional benefit
Products and services
- CITYCENTRE
- CITYCENTRE 6 An office tower at the CityCentre mixed-use development in Houston, Texas, over 90% leased, housing tenants including VoltaGrid, Octave, and Enverus.
- The Laura A live-work-play mixed-use development project in Houston, Texas, representing the company's expansion into live-work-play communities.
- GreenStreet A mixed-use development in Houston featuring retail and commercial spaces with a focus on urban living and entertainment.
- Memorial Green A mixed-use development project in Houston featuring residential, retail, and commercial components.
- Central Park Post Oak A current mixed-use development project in Houston, Texas, representing Midway's ongoing real estate investment activities.
- Texas State University Hotel A boutique hotel development project in San Marcos, Texas, located near Texas State University.
- Port Houston A commercial development project associated with Port Houston operations in Houston, Texas.
- Midway Rising Largest mixed-use development project located in San Diego's Midway District, with 4,254 residential units across more than 5 million square feet (roughly 90% residential housing).
- Annapolis Junction (Midway 32 LLC) A 623-unit mixed-income apartment community redevelopment near the Savage MARC station in Howard County, Maryland, including 95 affordable housing units.
- Kirby Grove A commercial development project in Houston, Texas, that attracted Mercuria as a major tenant relocating its U.S. headquarters to the property.
Companies that use Midway
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
Midway technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Midway partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Kirby Grove DevelopmentminorKirby Grove development in Houston where Mercuria (energy trading firm) is relocating its U.S. headquarters. Mercuria will occupy 62,903 square feet on the 11th floor at a projected cost of $10 million.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Midway competitors and assessment
Company assessmentDirect peers
- Howard Hughes Holdings: Houston-headquartered master-planned community and mixed-use developer with comparable scale (55M+ sq ft portfolio) and similar strategy of owning/operating large mixed-use districts. Directly comparable on business model, geographic focus, and asset class mix.
- Hines: Houston-based global real estate investment, development, and management firm with deep mixed-use and master-planned community expertise. Closely aligned on full-service real estate model, geographic roots, and institutional tenant relationships.
- Patrinely Group: Houston-based commercial real estate development firm specializing in mixed-use, office, and multifamily. Comparable on geography, asset class, and developer/investor business model.
- Kettler: Mid-Atlantic mixed-use, multifamily, and commercial real estate developer/manager. Comparable on mixed-use development strategy and entry into the Howard County/Maryland market via the Annapolis Junction project.
Broad incumbents
- Trammell Crow Company: Major U.S. commercial real estate developer with national footprint in office, industrial, and mixed-use. Comparable as a large-scale diversified developer, though much broader in scope than Midway's mixed-use concentration.
- The Related Companies: Large diversified real estate developer with significant mixed-use and affordable housing portfolio (including CityView). Comparable on mixed-use strategy and affordable housing component (Annapolis Junction).
- Greystar Real Estate Partners: Largest U.S. multifamily developer and operator with growing mixed-use capabilities. Comparable on large-scale multifamily/mixed-use development, particularly relevant for Midway Rising (4,254 units).
- Brookfield Property Group: Global real estate investor and developer with substantial mixed-use, office, and multifamily portfolio. Comparable on full-service development/investment/management business model and large-scale mixed-use projects.
Regional players
- Crescent Real Estate: Texas-based real estate investment and development firm focused on mixed-use, office, and hospitality. Comparable on Texas-centric geographic focus and mixed-use development strategy.
- USAA Real Estate: San Antonio-based real estate investment arm with mixed-use, multifamily, and commercial developments across Texas. Comparable on Texas geographic focus and mixed-use development expertise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Midway social profiles
Digital presenceMidway financial estimates
Financial estimateRevenue estimate
Valuation estimate
Midway leadership team
Management profileNumber of profiles
Profiles1 record
Midway funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Midway M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Midway
What does Midway do?
Midway is a full-service real estate investment, development, leasing, and management firm that creates mixed-use and commercial properties spanning office, retail, residential, and hospitality components. The company develops, owns, and operates a portfolio of named projects such as CITYCENTRE, GreenStreet, Memorial Green, Central Park Post Oak, Texas State University Hotel, and Port Houston, while also providing ongoing leasing and property management services to commercial and residential tenants.
Is Midway a public or private company?
Midway is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Midway founded?
Midway was founded in 1983. It employs 101 to 250 people.
Where is Midway based?
Midway is headquartered in Houston, United States, in the North America region.
How does Midway make money?
Two revenue lines are on record. Real Estate Development is the primary driver. The others are property Management.
Who are Midway's main competitors?
Direct peers on record are Howard Hughes Holdings, Hines, Patrinely Group and Kettler. Broad incumbents are Trammell Crow Company, The Related Companies, Greystar Real Estate Partners and Brookfield Property Group. Regional players are Crescent Real Estate and USAA Real Estate.
Does Midway have an API?
No public API is recorded for Midway.
What industry is Midway in?
Midway's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJABAG, Land & Development Site Brokerage. Its SIC code is 6552.