In the 1950s, large portions of Westchase were purchased by Robert E. Smith, a Houston oilman and philanthropist well known for creating the Houston Colt .45s baseball team. In 1969, Friendswood Development Company purchased a section of Smith's land to form what is now Woodlake, a residential subdivision at the intersection of Westheimer and Gessner. In 1973, Westchase Corporation, the predecessor to the modern management district, purchased of Smith's land and began preparing land parcels for corporate development. Chevron and Western Geophysical were some of the first companies to establish operations in the district.