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lockmat

University of Houston Katy Campus

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I've been wondering what that ring was for. Hope this comes to fruition.

How long has it been there?

Found this really old pdf

www.simon.com/mall/LeasingSheet/Grand1206.pdf

Edited by lockmat

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It's been there for a long while. The plans for this existed when they built the JC Penny/La Madeline several years ago, but nothing else has come to fruition other than the Red Robin. I would be very surprised if it actually happened.

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I'm surprised with all the activity in that area that this wont happen.

 

Agreed, one would think it could be like a smaller, slightly less upscale version of CityCentre. Still, it seems like it takes forever for people to bring businesses to Katy, even though they frequently tend to be quite successful when they do.

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Certainly seems like a prime location. Plus with all of the growth in the area I would think something will be built here eventually. I hope it's more of a destination type development like the rendering as opposed to more big box stores, chain restaurants, and parking. Not that I'm against any of those things, I just like variety. :-)

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That has been there since the late 90's I believe.  It was being developed as an outlet mall at the same time that Katy Mills mall was being planned.  The developers of katy mills (I am assuming Simon) bought out the other.  Around 2006/2007 or so Simon started marketing the Grand (first to open in 2009, then 2011 and 2012), but it never came to fruition. 

 

Found this old story on bizjournals:

 

Katy Mills becomes lone survivor in war for the west
Developers drop plans for Premium Outlet Mall to accept buyout offer
 
 
 
  • Laura Elder

And then there was one.

After more than a year of battling it out over Katy mall territory, Arlington, Va.-based The Mills Corp. finally prevailed by paying off rival developers Indianapolis-based Simon Property Group along with New Jersey-based Chelsea GCA Realty Inc., to back out of its deal to build an outlet shopping center -- Premium Outlet Mall -- near the Mills project.

Tired of verbal competition and litigation costs, Mills and Simon will co-develop a master-planned retail, office and hotel complex on the site. And after the buyout, Chelsea will be completely out of the picture.

Mills is apparently taking a bygones approach to the entire deal.

"It also enables us to join our partners at Simon to develop an attractive site at I-10 and Grand Parkway for complementary uses. We achieve critical mass at a great growth location for a very attractive price," says of Mills CEO Laurence C. Siegal.

Mills also will pay $9.2 million to buy Chelsea's half-ownership in the 150 acres site where it proposed to build the mall.

Simon Property and Chelsea had plans to build Houston Premium Outlet Center at the northeast corner of Interstate 10 and the Grand Parkway. Last year, rivalry between Mills and Chelsea GCA intensified when the two companies announced they would develop outlet malls in Katy. And at one point, another mall project in the vicinity was announced, only to be scrapped by developers.

Under terms laid out this week, Simon and Chelsea GCA will terminate its development of the Houston Premium Outlets, a planned-value shopping center, located just two miles from Katy Mills, a project that Mills has already begun.

Burying the Houston Premium

Outlet mall is going to cost Mills Corp. Under the agreement, Mills will pay Chelsea $21.4 million (including interest) over a four-year period, as well as immediate reimbursement for its share of land costs, development costs and fees to the related project.

Siegal says the buyout and the resulting partnership with Simon is well worth the expense.

"This expenditure represents only seven percent of the total cost of the Katy Mills project," he says.

Katy Mills development will cost the company $250 million. The 1.4 million-square-foot project will sit on 640 acres in Katy and is expected to open November of next year. Mills' project also includes some 400 acres of peripheal development that could include a golf course, hotels, restaurants, office, entertainment and other facilities.

As a part of its agreement to sell its partnership interest in the Houston site, Chelsea agreed to certain restrictions on competing in the Houston market through the year 2002.

The lawsuit filed earlier this year by Mills Corp. to block the Simon Property Group and Chelsea GCA claimed Simon had agreed not to build competing malls in the same market without first offering Mills a 50 percent stake in the development.

Although both malls publicly contended their concepts were quite different, the companies now agree that all parties were working on an identical development, consisting of big-name, off-price retailers.

Already, stores including Bass Pro Outdoor World, Off Rodeo Drive

Beverly Hills, a Virgin Megastore, Books-A-Million, and a Boot Town Outlet among others have made commitments to Mills.

But officials have no word on what will become of tenants committed to Houston Premium Outlets.

In March of this year, Houston Premium Outlets announced it had snagged a Last Call Neiman Marcus clearance store and a mega-movie theater.

All along, local real estate observers predicted the two malls couldn't co-exist, saying there weren't enough shoppers or tenants to go around.

Paul White, a spokesman for Mills, says it's too early to know what will become of tenant agreements already struck.

"There's been no movement," says White. "We understand that Houston Premium Outlet had two or three preliminary agreements, but nothing has been decided. There's going to be a lot of transitioning to take place first."

 

 

Edited by cla
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Sounds like the "Premium Outlet Mall" project mentioned above eventually got moved over to 290 in Cypress and has been open for the past few years as "Houston Premium Outlets".

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Also, Kickerillo bought a large piece of property north of the proposed mall and began marketing an upscale neighborhood.  Now both that land and the proposed mall property is being marketed for sale by Page Partners

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The Grand was supposed to be an outdoor mall anchored by department stores that were found in other malls (Foley's, Dillard's, etc.)

 

But the recession happened and it was never built. The JCPenney is there, though, having moved from West Oaks.

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But the recession happened and it was never built. The JCPenney is there, though, having moved from West Oaks.

Ahhh...so that's what happened to my Penny's. That spot still isn't filled at West Oaks, though I heard some rumors about it being turned into an artist studio. They just finished tearing down most of the wing of West Oaks that went to the old Mervyn's and put in an outdoor-oriented movie theater and space for some restaurants. Given the way the rest of the mall is now, with mostly local tenants, it wouldn't surprise me if they tear down the rest and make it all outdoor-oriented or just redevelop the mall land into something else.

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http://www.bizjournals.com/houston/news/2014/01/09/grand-parkway-inspires-more-mixed-use.html

A 124-acre, long-vacant parcel of land in Katy once owned by Simon Property Group Inc. (NYSE: SPG) is finally getting some action. And the Grand Parkway is a driving force behind the plan.

 

Houston-based Parkside Capital bought the land, at the northeast intersection of Interstate 10 and the Grand Parkway from Indianapolis-based Simon Property for an undisclosed amount. The deal, which closed Jan. 6, continues the construction boom in Katy, particularly along the newly opened Grand Parkway.

 

The planned mixed-use development, known as Verde Parc, has sites available for sale immediately. Joe Moody, president of Parkside Capital, said the site could suit a variety of possibilities, such as a hotel, conference center, multifamily or a corporate campus. The site will be deed restricted.

 

 

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Any renderings or views of this? I honestly don't know why we need yet another mall when Katy Mills is just across the Grand Parkway.

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I noticed work happening on this site last Friday. I really hope this turns out as a nice mixed use development. We need more dining and entertainment options in the area.

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https://www.bisnow.com/archives/newsletter/commercial-real-estate/houston/3392-why-outlet-malls-keep-getting-bigger/

 

 

To keep up with demand, retailers have started manufacturing MFO (made for outlet) merchandise. Next on Ed's agenda: leasing the retail components of Verde Parc (120 acres along the Grand Parkway in West Houston that'll feature office, multifamily, restaurants, hotel and retail). The site (pictured) actually used to be owned by Simon but was purchased by Parkside Capital at the beginning of the year. He'll start talking with users and site developers in early 2015.

 

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I've seen an early look at this, but it may have been a different developer as it was a couple years ago. Looks about like what College Stations City Center is gonna be.

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See how UH is teaming with Parkside Capital to construct a 125-acre mixed-use development in northeast Katy

 

The University of Houston System has moved forward on design plans for a Katy campus after it closed on a 46-acre tract on the northeast corner of I-10 and the Grand Parkway.



 

The $13.8 million transaction with Parkside Capital, a private equity fund, was signed Nov. 2. The 80,000-square-foot campus is expected to cost $32 million.

 

“[Katy officials] want their citizens to have immediate access to quality education,” said Paula Myrick Short, vice chancellor for academic affairs and provost. “That’s one of the reasons that we believe this will have such a tremendous impact. It offers the opportunity for many more people to be able to complete a degree.”

 

The Katy campus will sit within a 125-acre development called University Center along Grand Circle Boulevard in northeast Katy. The new facility is projected to open in time for the fall 2019 semester.

 

As part of its long-term plan to increase higher education opportunities in the Greater Houston area, the system began offering classes in Katy through the UH Main Campus and UH-Victoria in the fall 2016 semester. When the new Katy campus opens, students from both locations will move to the new facility, which is expected to host roughly 2,000 students, said David Oliver, associate vice chancellor for facilities and construction management.

 

The system’s master plan allows for an optional expansion of up to 500,000 square feet, which could accommodate up to 10,000 students. The system has 18 months from the day the contract was signed to exercise its option to purchase an additional 14.6 acres for future growth, Parkside Capital Vice President Dan T. Moody said.

 

The campus is slated for an August ground breaking. The system is in the design phase and has shortlisted five undisclosed architectural firms that will submit renderings and compete for the job.

“We will ask [the firms] to come up with some architectural features, elements, colors [and] styles to make this campus unique,” Oliver said. “We want it to obviously look like a Tier One campus because that’s what it’s going to be and that’s going to be the goal. It will be something that will add to the Katy landscape.”

 

The system considered 25-30 possibilities before purchasing land at the 125-acre University Center site, McShan said. While size and location were the most important factors, being part of a mixed-use development and being the namesake of the site were added advantages, he said.

Parkside will be responsible for infrastructure construction at the site, such as streets, utilities, lighting and landscaping. The company is in the design phase for the development and is awaiting Harris County’s approval of its traffic impact analysis and overall infrastructure plans. Approval is expected within the next two months and completion of Parkside’s portion of University Center is expected by the end of the year, Moody said.

 

LeadMapLarge.jpg?ssl=1

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https://communityimpact.com/houston/katy/development-construction/2018/04/20/new-university-of-houston-campus-to-bring-tier-one-education-to-the-katy-area/

 



UH is expected to break ground on its new Katy campus this May, and officials said the campus could potentially help foster and create a skilled workforce in the Katy business community.

“We want [students]to be able to get their education in Katy and ideally get a good job, develop the beginning of their career and stay in the Katy area,” said Jay Neal, associate vice president for UH Sugar Land and UH Katy.

 

The UH Katy campus is expected to open by fall 2019 and is located on the northeast corner of I-10 and the Grand Parkway, offering suburban students easy access to a tier one education.

“With Katy and Fulshear growing, it makes sense to bring the university to the community,” Neal said.

 

Neal said plans for the Katy campus have been in the works for the last four to five years. UH purchased the 46 acres of land and will construct an 80,000-square-foot, three-story building that will anchor the campus. The land was purchased with $46.8 million in capital construction bonds that was approved by the 84th session of the Texas Legislature, according to Neal.

 

 

 

KTY-04-2018-33-001.jpg

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Lots of things happening Around UH-Katy. Also looks like they're calling this whole area University Center.

 

Main Building:

Dt8XAZK.jpg

rHOKEvc.jpg

 

Sign next to entrance (identical sign on the other side of road) with name of area. 

t7dYRhZ.jpg

 

Some construction happening around University Center, couldn't get the structure (Almost completed), looks like the cops were getting suspicious of me. There were also a few other structures going up around it, most of them pretty far into development. 

oBBHcCf.jpg

 

This is on the land, east of the main building. Looks like UH plans to build out the whole area in the near future. 

d4JPwF6.jpg

 

The development is looking great so far, wanna see what they have planned in the future though. 

 

 

Edited by TheSirDingle
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