Jump to content

Rosenberg Center's Future?


ChannelTwoNews

Recommended Posts

From a recent edition of bisnow.

 

Rosenberg-Center-2.jpg

A private investor purchased Rosenberg Center, a 113k SF shopping center at 5101 US Hwy 90. The property was built in 1986 and serves as a main commercial corridor between Rosenberg and Richmond. Transwestern's Andy Besing repped the buyer, who was in the market for an asset with a value-add component and liked its location in Fort Bend and lease-up potential.

 

 

Thought it might be interesting to follow this particular center's developments as it is one that I remember frequenting growing up. The anchor (pictured) was a Randall's that later became a Kroger Signature store years later. It also was home to a Cinemark theater called, naturally, Cinema 8.

 

The tide slowly started to turn against this location maybe about 10 years ago or so, when the first phases of Brazos Town Center were being planned. Several major, longtime tenants (Kroger, Cinemark, Famous Footwear) eventually moved out to that center when spaces were available. Randall's moved to Pecan Grove several years prior, allowing the Kroger to take it's space, with relatively few changes. The only substantial pad site, a Luby's (formerly a Wyatt's) closed a few years ago, and was one of the last to vacate. Other pad sites nearby like Burger King & Cici's are still open and the center does retain a few tenants, but nothing like before.

 

To me it was always the "nice" shopping center in the city. Rose-Rich (directly across Avenue H) was somewhat more lower-end. Lamar Plaza, down Avenue H seemed to be middle of the road.

 

As I said before, I think it might be worth watching. It's the newest full-sized shopping center of that bunch in town. Avenue H. (the traditional East-West retail corridor) has been struggling to a point since Brazos Town Center came in, though interestingly enough the Downtown area has not.

Edited by ChannelTwoNews
Link to comment
Share on other sites

  • 2 weeks later...
  • 1 year later...

Based on my last visit, the story on this shopping center is likely to continue in a positive direction. The old Cinemark Cinema 8 has been converted to a Planet Fitness which, by far, has the most activity of any site in the center. Haven't seen that many cars in front of that space since it was a movie theater, and that's been at least 10 years (not really counting the time as Star Cinema Grill - that was a dud if ever there was one). The largest space, the one where the Randalls and later, Kroger was, is undergoing renovation. No coming soon signs to be seen, however there was a fair amount of work going on. The entire center has been repainted.

 

The best news (IMHO) is just past that is a cluster of shops that have been in the center for 20-25 years. All of them are still in business based on what I could see and still manage to fill their respective spaces in the parking lot.

 

Interestingly enough, the Rose-Rich shopping center across the street is also undergoing renovations at this time. Not sure which one came first, but I'd say they need it more than this one. Their sole anchor tenant, Palais Royal, closed in the past couple of years and all of those resources were sent to the store in Brazos Town Center.

Link to comment
Share on other sites

Based on my last visit, the story on this shopping center is likely to continue in a positive direction. The old Cinemark Cinema 8 has been converted to a Planet Fitness which, by far, has the most activity of any site in the center. Haven't seen that many cars in front of that space since it was a movie theater, and that's been at least 10 years (not really counting the time as Star Cinema Grill - that was a dud if ever there was one). The largest space, the one where the Randalls and later, Kroger was, is undergoing renovation. No coming soon signs to be seen, however there was a fair amount of work going on. The entire center has been repainted.

 

The best news (IMHO) is just past that is a cluster of shops that have been in the center for 20-25 years. All of them are still in business based on what I could see and still manage to fill their respective spaces in the parking lot.

 

Interestingly enough, the Rose-Rich shopping center across the street is also undergoing renovations at this time. Not sure which one came first, but I'd say they need it more than this one. Their sole anchor tenant, Palais Royal, closed in the past couple of years and all of those resources were sent to the store in Brazos Town Center.

 

It's the free pizza and bagels.

  • Like 1
Link to comment
Share on other sites

  • 1 year later...

Does anyone know what may have happened with the main anchor space (the former Randalls / Kroger location)? They had been doing a fair amount of work inside over the past year to convert it into what appeared to be another grocery store but with a spanish-language bent. It appeared to be pretty colorful inside with what I would describe as a "mercado" theme - each department along the walls was laid out as a small storefront of sorts. Hadn't seen any activity on my last visit a month ago and the windows were covered once again.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...