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http://www.houstonchronicle.com/business/columnists/sarnoff/article/Unique-retail-concept-could-land-near-downtown-6660696.php#photo-8785238

 

 

 

A local commercial real estate company is considering building an urban shopping center just west of downtown that would help pioneer a relatively new development concept in Houston: "stacked retail."

 

The project, to be built on more than 20 acres just south of Interstate 10 between Sawyer and Studemont, could house one big-box retailer on top of another. The idea of stacking stores is rare in Houston where land is plentiful and sprawling. Suburban-style develop-ment often takes precedence, even sometimes in the inner city.

 

Egan said the firm has been showing the property and talking with different tenants.

 

In addition to the big boxes, there would also be smaller shop and restaurant space. 

 

The project, he said, could break ground in the second half of next year.
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Since this is such a large tract of land, I must admit, I am actually surprised they are thinking of doing a double stack. But it works with the Costco and La Fitness at Richmond/Westlayan so I don't see why it can't work here.

 

Edited by Triton
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  • 2 weeks later...

That's huge!

 

That's what I've been saying. This site is so massive it's impressive they are even considering a two story retail development. I think people need to still keep expectations for this site low though even with a double decker retail complex.... this will still be Katyville-like.

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If the developer wants/needs more to go on this 21-acre site than just a few mid- to large big box stores, stacking in some form seems logical especially if there is a multifamily or other component planned. Just to compare--property acreage of nearby large retail:

  • Targets - 9.2, 13.5, 9.3 acres; 
  • Wal-Marts - 15.9, 16.0 acres; 
  • Home Depots - 10.5, 9.6; 
  • Lowes - 12.7, 12.5; 
  • Academy - 5.1
  • Kohls - 4.2
  • Costco/LA Fitness stack - 13.6
  • REI/Academy/Michaels/Petco/DSW mix at Voss/Westheimer - 18.2
  • Sam's Club - 15.8, 14.0
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  • 3 weeks later...

http://www.landandfarm.com/property/Oliver_Street_Property-1583824/

 

This 2.75 acre site sits between Tarkett and Target, and is catty corner from the missing segment of Summer that would connect the two areas. A connector road between the south side of Target and the north side of Kroger would go through this plot. It'd be a great spot for residential.

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The urbanization of retail will continue to gain momentum in Houston in the form of mixed-use projects, according to Streetwise Retail Advisors managing partner Ed Page. That’ll mean a lot of residential over retail projects. In addition, two vertical power centers—a concept that has never been done in this market—are in pre-development in Midtown and the Washington Avenue/Heights area.

Read more at: https://www.bisnow.com/houston/news/commercial-real-estate/from-co-working-to-huge-midtown-pricing-8-experts-2016-predictions-54187?rt=3891?utm_source=CopyShare&utm_medium=Browser

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The urbanization of retail will continue to gain momentum in Houston in the form of mixed-use projects, according to Streetwise Retail Advisors managing partner Ed Page. That’ll mean a lot of residential over retail projects. In addition, two vertical power centers—a concept that has never been done in this market—are in pre-development in Midtown and the Washington Avenue/Heights area.

Read more at: https://www.bisnow.com/houston/news/commercial-real-estate/from-co-working-to-huge-midtown-pricing-8-experts-2016-predictions-54187?rt=3891?utm_source=CopyShare&utm_medium=Browser

I wonder if this is what they are meaning by a vertical power center:

http://uacdc.uark.edu/work/the-vertical-power-center-prototype-development

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There's a cream for that...

Any chance this double decker big box strip center will have a garage or just even more surface parking?

Just a double decker? We need more floors.

 

Best Buy

Home Depot

Lowes

Movie theater

Kohls

Academy

 

and of course there will be a parking garage, a floor for each box

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https://www.flickr.com/photos/beyonddc/5073722055

 

We can dream. But the expanse of the Tarkett plot seems incongruous with such a multi-level center, which was plopped onto 5.5 acres in a very dense part of DC (and right next to a subway station). You could fit four of those into Tarkett if you forgo the typical Houston salt flat of parking. 

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https://www.flickr.com/photos/beyonddc/5073722055

 

We can dream. But the expanse of the Tarkett plot seems incongruous with such a multi-level center, which was plopped onto 5.5 acres in a very dense part of DC (and right next to a subway station). You could fit four of those into Tarkett if you forgo the typical Houston salt flat of parking. 

 

 
I don't live to far from this DCUSA. It's three levels and there is a parking garage. On the first level is Modell's, Marshalls, and Payless. On the second floor is Target, Best Buy, and Bed Bath and Beyond. On the third level is a Washington Sport's Club. Right across the street are apartments to the left and across the street and there is more retail on the first floor of both apartment buildings. There's many more retail stores in this area right under the the Target like a Ihop, Chick-Fil-A, etc. It's an extremely popular area of DC and it is always packed. Just a mere 3 minute walk is a little square in front of another apartment with retail on the bottom. Across the street from the apartment is Giant grocery store.
Edited by Spades
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  • 1 month later...
  • 2 weeks later...

 

Man you got me so excited that there was an update to this and then my hopes were completely crushed when I realized that you linked an article in the wrong thread. 

 

Tears, man. Tears across my face.

 

:unsure:

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