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yaga

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Posts posted by yaga

  1. A little information about the Galleria's happendings.  Bloomingdales is coming to the Galleria and is replacing Lord & Taylor.

    Galleria 3 is slowing removing its retail stores and replacing them with more upscale restaurants.

    Galleria 4 was to be built wilth Galleria 5 over that Church at Alabama and Sage.  The Church wouldn't sell to the Galleria.  I think the Galleria should work with the Church like the Citicorp tower did in New York City.  The Church can stay, but the Parking lot can be replaced with more stores.  The parking garage between Foley's and Neimans would be enough as I've only seen it full twice and it was during Christmas season when the entire mall parking lot is full.

    What is your source regarding Bloomingdales?

  2. if my memory serves me correctly, i believe my little birdy was the manager of 3000 sage.  said they were offering steep concessions on the units facing north due to "the hotel that will be built there soon".  could be mistaken but that's what i remember.

    which leads me into..

    i can assure you that will not happen.  property is already on the block at $150K/unit  :o

    Houston-Development, is there any way you could find out what hotel is being built on the site and how many stories. That is a pretty large crane for your typical 6-8 story hotel development.

    Also this would have been a nice step in the urbanization of the Galleria area if it weren't for that shopping center at the corner of Alabama and Sage. Once again 1 step forward 2 steps back....

  3. From the HBJ

    Wulfe expands Post Oak holdings with Pavilion center

    Last week's purchase of the Pavilion on Post Oak clears the way for Wulfe & Co. to demolish a total of 21 acres in the heart of Houston's prestigious Galleria area to construct a luxury, mixed-use development.

    The new project is designed to include an upscale hotel, high-rise residential property, several restaurants and upscale retail stores including a major bookstore. The open-air, pedestrian-friendly project has been in development for more than a year.

    Boulevard Partners, a partnership led by Wulfe & Co.'s Ed Wulfe and Bob Sellingsloh, acquired the Pavilion retail center on Post Oak Boulevard between San Felipe and Westheimer last week from Radler Limited Partnership. The sales price was not disclosed.

    The 13.24-acre property consist of 286,000 square feet of retail, including Hermes, Americas and Esther Wolf.

    Wulfe and Sellingsloh are also general partners in the entity that owns the 8.1-acre Fashion Square retail center, located at the southwest corner of Post Oak and San Felipe. That property, which includes Cafe Annie and Eatzi's Market & Bakery, is adjacent to the Pavilion.

    The 8.1 acres actually stretch west of Fashion Square to Skylark Lane, and include wooded land with single-family homes.

    Wulfe says the existing buildings on the Pavilion and Fashion Square sites will be demolished, probably beginning in early 2006.

    "We have to do it in stages, so everybody can operate while we do it," says Wulfe, who would like to retain all of the existing tenants.

    Wulfe, who also redeveloped Meyerland Plaza and Gulfgate Center, wants to lease space to retailers like those in Highland Village. That center includes mid- to upper-end stores, but not ones that have a single exclusive location.

    Wulfe plans to talk to a number of hotel operators for the site, confirming that he has already met with Ritz-Carlton.

    He seems confident about finding a developer to execute the residential piece of the deal -- whether it encompasses condominiums or apartments.

    "The high-rise residential will happen easily," he says. "We've just got to get the right one, designed the right way."

    The Pavilion was originally built in 1972 with a Saks Fifth Avenue anchor store, and was expanded in 1988 to include other high-end retailers. The Radler group acquired the center after lenders foreclosed on the property in 1995.

    While the retail center has been maintained cosmetically, it has struggled with vacancy issues.

    "It didn't have the critical mass of enough traffic generators," explains Wulfe. "Market conditions are different now. Luxury goods this past Christmas were the hot items."

  4. You are correct sir!

    I doubt they'd keep the warwick name.  The hotel already has branding, and dont worry you will get used to the name.  This is one of the coolest hotels in dallas and it will do wonders for the immediate area.  It will likely have condo units on top overlooking the park.  This is truly a permanant location.  I heard they picked it up for 25M.  Zaza was trying to find a home on kirby, but could not find the right site. http://www.hotelzaza.com/.

    Look for the W to announce a site in the galleria area soon. I dont event think they took a serious look at this.

    Good news! The W would be a great addition to Galleria area and would only help enhance it's image as the "upscale" area of Houston. Are they looking to build a new building along the Post Oak corridor? There is a perfect spot for a W right on Post Oak Blvd across from Magianos and right in front of the Dominion condos.

  5. This is good news! If this thing looks anything like the one in Denver this could get the ball rolling downtown!

    www.denverpavilions.com

    The Pavilions is a three and four-level open air shopping, dining, and entertainment center! It is divided into four separate buildings and spanning two city blocks. Located on the 16th Street Mall

  6. From a HBJ article back in March 04

    New group rolls out lofty plan to revamp Pavilion on Post Oak

    Nancy Sarnoff

    Houston Business Journal

    Yet another plan has surfaced to redevelop the enigmatic Pavilion on Post Oak.

    And the latest scheme includes just about every concept ever proposed for the beleaguered shopping center on Post Oak Boulevard between San Felipe and Westheimer.

    The newest proposition -- currently being shopped around to banks and mortgage brokers -- includes almost 2 million square feet of space.

    The plan consists of two condominium towers, a five-star hotel, office space, retail space, a private leisure and dining club, an entertainment venue, a culinary arts center and meeting facilities.

    The $353 million proposal is the work of a newly formed group called Urban Resorts Development LP.

    The principals include Fenner Weller Jr. of local broker-dealer shop Weller, Anderson & Co.; Gene Duckworth; and Boston-based Robert Bryant, formerly of real estate consulting firm Economics Research Associates.

    The Jerde Partnership International Inc.; Rosewood Hotels & Resorts; Boulder, Colo.-based CommArts Inc.; architecture giant Hellmuth, Obata + Kassabaum; Economic Research Associates; and general contractor E.E. Reed/Beers Skanska are also mentioned as members of the project team.

    An investment package obtained by the Houston Business Journal outlines the lofty development, dubbed RivaPlace.

    Some 220 residential units will be housed in two towers.

    The residents would receive 24-hour access to the hotel facilities and services, including housekeeping, laundry and room services as well as multi-lingual concierges, doormen, security and valet parking.

    The hotel could include 175 rooms, including 53 suites, and additional condominiums for sale.

    The materials say that after the Houston development, the team will consider launching similar projects in such cities as Miami, Atlanta, Boston, San Diego, London and Berlin.

    When asked to comment on the Houston deal, partner Weller shared few details, as his team is still on a fundraising mission.

    "The concept is an urban resort," Weller says. "It will be very friendly to the individual -- a lot of greenery, not too concrete intensive."

    One name was oddly absent from the package: Mishael Radom.

    The head of Houston-based Radler Enterprises Inc. has owned the 13-acre Pavilion property for years.

    In the past, Radom has been in talks with numerous developers and hotel operators, but the center has remained as a retail and restaurant hub.

    The two-level enclosed mall, with an underground parking garage, contains more than 286,000 square feet of space.

    Some of the tenants include Americas Restaurant, Esther Wolf, Hermes of Paris and Hunan Restaurant.

    Radom could not be reached for comment.

    Rivaplace.jpg

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