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Renovations Coming to Yorktown Plaza

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https://www.bizjournals.com/houston/news/2018/05/16/exclusive-galleria-office-building-to-be.html

 

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In around five years or less, a roughly 200,000-square-foot office complex and its accompanying retail development will be demolished and transformed into anything from a retail development, to a mixed-use development with creative office space, to a hospitality development.

 


 

Yorktown Plaza, comprised of two office buildings and a retail strip center near the Galleria, will either be sold to a developer or razed and redeveloped by Houston-based Wedge Group, the firm's CEO Greg Armstrongtold the Houston Business Journal. Wedge has owned those properties since 1996. Though redevelopment plans are still very open-ended, Armstrong said the property's 4.25-acre tract lends itself to an exciting redevelopment opportunity and said work would likely begin "sooner rather than later."

 

 

The property contains a 98,292-square-foot office building at 5353 West Alabama, a 97,045-square-foot building at 5373 West Alabama and roughly 13,000 square feet of retail space in-between those buildings.

 

 

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2 hours ago, Urbannizer said:

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Quote

In around five years or less, a roughly 200,000-square-foot office complex and its accompanying retail development will be demolished and transformed into anything from a retail development, to a mixed-use development with creative office space, to a hospitality development.

Yorktown Plaza, comprised of two office buildings and a retail strip center near the Galleria, will either be sold to a developer or razed and redeveloped by Houston-based Wedge Group, the firm's CEO Greg Armstrongtold the Houston Business Journal. Wedge has owned those properties since 1996. Though redevelopment plans are still very open-ended, Armstrong said the property's 4.25-acre tract lends itself to an exciting redevelopment opportunity and said work would likely begin "sooner rather than later."

 

 

The property contains a 98,292-square-foot office building at 5353 West Alabama, a 97,045-square-foot building at 5373 West Alabama and roughly 13,000 square feet of retail space in-between those buildings.

 

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That press release is hilarious.  "Sometime in the future we may be interested in doing something with this property. If anyone has any ideas or money, please get in touch."

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Purchased by Braun Enterprises, renovations planned

 

https://www.bizjournals.com/houston/news/2019/02/06/braun-enterprises-buys-another-galleria-area.html

 

Last May, Wedge Group CEO Greg Armstrong told the Houston Business Journal that the property either would be a developer or razed and redeveloped by Wedge. At the time, Armstrong said the property's 4.25-acre tract lends itself to an exciting redevelopment opportunity with ideas ranging from a retail development, to a mixed-use development with creative office space, to a hospitality development.

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Agreed...i eat asian food once every 2 months! :)

 

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