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One day this shopping center will be redeveloped, so we may as well start this thread now. My guess is they will hold out until there is very little or no other places to redevelop along Post Oak. As of now, HCAD lists the the property valuation at $101 million. By comparison, an undeveloped block in the heart of downtown is $25 mil. Capitol Tower is listed as $125 mil. I can only imagine what they'll have to build to meet the land's value. As mentioned in the Galleria Green Space thread I started, I hope it includes a park. My personal dream is a north/south rectangular park abutting Post Oak about the same width as the parking lot, and maybe 1/2 to 3/4 the length, with highrises abutting directly up to a tree-lined walking path that runs along the edge of the park. The car entrances could be via an alley on the east side of the buildings. 20 years and another one or two cycles away?
http://tanglewoodproperty.com/5599-san-felipe/ The proposed fitness center has been on the books for a year or two. I visit the site once a month so I keep looking. Image credits: Tanglewood Property Group