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Not surprising.

 

It would only have made sense to try to re-open it if they could double-decker it and that might not have been worth the investment.  From discussions on Next Door it seems quite a few homeowners in Meyerland are hoping for a Fema buyout offer and the population of the neighborhood is probably going to decline.

 

A thread on Next Door today says a new 85,000 sq. ft. location with Kosher bakery and deli will be announced by the end of the month.  Another poster says the deal is not final but close.  That's 'new' and 'to be announced' so presumably it's something other than the Bellaire store.  I'll be interested to know where they'll find that kind of space close to Meyerland.

 

When the store was closed after the Memorial Day floods in 2015 posters on ND said HEB would have abandoned the store then if they had not already known they'd be shutting the Bellaire store for months, leaving the nearest HEB stores on Buffalo Speedway, off 288 in Pearland, on Hwy 6 in Missouri City and Hwy 6 @ 90 in Sugar Land.  Another post on ND claimed HEB was trying to get the JC Penney space in Meyerland Plaza. 

 

Meanwhile, the WM Neighborhood Market on Hillcroft, between Meyerland and Maplewood, is undergoing upgrades.  Looks nice so far.  Probably already planned before Harvey but timely.

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On 10/5/2017 at 4:29 PM, brucesw said:

Not surprising.

 

It would only have made sense to try to re-open it if they could double-decker it and that might not have been worth the investment.  From discussions on Next Door it seems quite a few homeowners in Meyerland are hoping for a Fema buyout offer and the population of the neighborhood is probably going to decline.

 

A thread on Next Door today says a new 85,000 sq. ft. location with Kosher bakery and deli will be announced by the end of the month.  Another poster says the deal is not final but close.  That's 'new' and 'to be announced' so presumably it's something other than the Bellaire store.  I'll be interested to know where they'll find that kind of space close to Meyerland.

 

When the store was closed after the Memorial Day floods in 2015 posters on ND said HEB would have abandoned the store then if they had not already known they'd be shutting the Bellaire store for months, leaving the nearest HEB stores on Buffalo Speedway, off 288 in Pearland, on Hwy 6 in Missouri City and Hwy 6 @ 90 in Sugar Land.  Another post on ND claimed HEB was trying to get the JC Penney space in Meyerland Plaza. 

 

Meanwhile, the WM Neighborhood Market on Hillcroft, between Meyerland and Maplewood, is undergoing upgrades.  Looks nice so far.  Probably already planned before Harvey but timely.

 

I'd be surprised if they took the JCPenney space, they would have to do a tremendous amount of work to reconfigure the parking lot. The JCPenney was designed for parking on all three sides, not parking for one. Personally, I just don't think they'll replace it. They have a tendency to replace smaller stores with bigger ones, and I think the rebuilt Bellaire store will fit that bill.

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I'd like to see HEB actually design the store to look like Westbury Square - give it the Italian style, make the storefront look like the old development. If it became a part of a strip center (with other major store) why not rename it "Westbury Square"?

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Certainly would be ok with me if they took over Randall's - well, it's a little far, but I could deal with it.  But is that 85,000 sf? And did it flood at all?  It's still very close to the bayou.  I know water got up to the sign on W. Bellfort for the Kroger @ S. Post Oak but not in the store, which is on a rise. I don't know what happened on the other side of Post Oak but there was a lot of flooding in Willowbend back behind that Randall's.

 

Hadn't ever thought about Westbury Square.  Is there room for an 85,000 sf store and parking lot?

 

The mention of JC Penney was just a rumor on Next Door and I never thought it was likely. 

 

According to the Bellaire HEB thread, the store there is either going to be 70 or 75,000 sf, not 85. 

 

Wish they would come out closer to me -- take over the site of the former K-Mart on Beechnut @ 59/69, demolish it and start over.  I don't think that strip has ever been completely occupied since K-Mart closed and the only thing worth saving in there is Tau Bay Noodle House.  Of course, the surrounding neighborhoods are not as upscale as Meyerland and it's not very close to Meyerland, but .....

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7 hours ago, brucesw said:

Certainly would be ok with me if they took over Randall's - well, it's a little far, but I could deal with it.  But is that 85,000 sf? And did it flood at all?  It's still very close to the bayou.  I know water got up to the sign on W. Bellfort for the Kroger @ S. Post Oak but not in the store, which is on a rise. I don't know what happened on the other side of Post Oak but there was a lot of flooding in Willowbend back behind that Randall's.

 

Hadn't ever thought about Westbury Square.  Is there room for an 85,000 sf store and parking lot?

 

The mention of JC Penney was just a rumor on Next Door and I never thought it was likely. 

 

According to the Bellaire HEB thread, the store there is either going to be 70 or 75,000 sf, not 85. 

 

Wish they would come out closer to me -- take over the site of the former K-Mart on Beechnut @ 59/69, demolish it and start over.  I don't think that strip has ever been completely occupied since K-Mart closed and the only thing worth saving in there is Tau Bay Noodle House.  Of course, the surrounding neighborhoods are not as upscale as Meyerland and it's not very close to Meyerland, but .....

The Randalls there at Bellfort and Post Oak is far smaller than what H-E-B wants. To occupy it would basically involve tearing down the adjacent strip mall area at least and terminating those leases, and the actual store would be have to be gutted to a shell to begin construction, if that. I don't think they would. I think that an additional 80,000 square foot store in that neighborhood is wishful thinking, and they're just going to have to settle for the new H-E-B at Bellaire, or take the Kroger and Randalls down south. It's possible that some independent will look at it.

 

As for the old Kmart on Beechnut, I did find an article that it was purchased in the mid-1990s and converted into an Asian interior mini-mall that reached 80% capacity if briefly. (Yes, I am aware that the presumed replacement Kmart at Beechnut at Beltway 8 did ALSO become an Asian mall, but no, this is the one at the Southwest Freeway)

 

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13 hours ago, brucesw said:

Hadn't ever thought about Westbury Square.  Is there room for an 85,000 sf store and parking lot?
 

They could try to make a two story store. Many grocery stores in East Asia use a two story format.

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Quote
Fidelis to Build H-E-B Store at Meyerland Plaza Near Loop 610
 
HOUSTON - H-E-B Grocery Co. is expected to announce the construction of a new 100,000-SF store at Meyerland Plaza, a retail center at the southwest corner of Loop 610 and Beechnut.
 
The new Meyerland store will help H-E-B to fill a void that arose when the H-E-B at Chimney Rock and South Braeswood flooded in Hurricane Harvey.
 
Meyerland Plaza, built in 1957 and redeveloped by Ed Wulfe about 20 years ago, has a number of big box retailers and a J.C. Penney. Meyerland is currently owned by a partnership of Fidelis Realty Partners of Houston and BlackRock Realty Advisors of New York.
 
The new H-E-B is expected to be a two-story facility with a parking garage.
1

http://campaign.r20.constantcontact.com/render?m=1102184342472&ca=bd596408-2aca-4e71-ba24-2b44ad02d0dc

 

rumor is they are putting a heb where compass bank is and will be a two-story store like the Bellaire store

 

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So they'll be adjacent to the JC Penney.  There was some truth to the rumor on Next Door last year.

 

A poster on ND who claimed to have talked to the property manager of the strip on S. Braeswood said HEB had less than 24 months on their lease and it was cheaper to pay it off than fix the store.  Since they didn't own the property they couldn't make the improvements they wanted to 'guarantee' the store wouldn't flood again.  So apparently they'd already been scouting sites well before Harvey.

 

FWIW, another poster said there were already plans for another HEB 'superstore' on the SW side not near Meyerland, too.

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Still gonna call B.S. on this one, and it's awfully convenient they have information so soon after the flood did the Braeswood store in for good. I suspect that had the store not flooded, they would've let the lease run out and then directed people to the Bellaire store. It could happen, but I wouldn't hold my breath.

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  • Highrise Tower changed the title to Braes Oaks Center
  • 2 months later...

This is the corner section.  Used to be a Shell station as I recall. Only thing I've seen there in the last few days is a Mr. Softee truck.  I've seen other trucks there on a sporadic basis in the past, nothing that was there regularly so far as I know (I don't usually go across on S. Braeswood).

 

Brittmore owns the strip center - right?  I wonder if they control this corner of it.  There's a Subway, Saba's (Kosher) Wok and Grill and Old Hickory Inn in the strip; across the bayou, El Ranchero, Genesis (Kosher steak house), a Hunan place, I think, and a pizzeria; around the corner on Chimney Rock is Fioza, a coffee house. 

 

I don't have high expectations for this working out but we'll see.

 

There once was a Kosher food truck, Sub-on-the-Way I think it was called, but I don't think it lasted.  I wonder if a Halal food truck would go over in Meyerland?  There are several of those.

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  • Highrise Tower changed the title to Braes Oaks Shopping Center

Braes Oaks Shopping Center is for sale. Total Land Area is 3.96 Acres. Loopnet listing created 5 days ago.

https://www.loopnet.com/Listing/Braes-Oaks-Shopping-Center/20945450/

 

Quote

 

Executive Summary

 

Urban Infill Covered Land Play with Future Redevelopment Opportunity


45,008 SF Shopping Center | 32% Leased
- The site can be bought as a dual-purpose property, allowing an investor an income stream from the existing retail, while also providing time to plan future development
- ± 3.96 acres on a signalized hard corner with exposure to nearly 41,000 vehicles per day, simultaneously allowing for increased current asking rents, and also more value-add opportunity than a mid-block piece of real estate
- Consistent in-place cash flow with value add opportunity
- For investors not looking to capitalize on re-developing the site, the property represents an outstanding opportunity for purchasers looking to re-tenant the former HEB space with another user
- Easily accessible from Loop 610, the Southwest Freeway, and Beltway 8, the Property is located in one of Southwest Houston’s most densely populated suburbs
- Captures an expansive trade area of more than 531,000 residents within a 5-mile radius, a population that spends an estimated $16 billion in consumer expenses annually

 

 

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