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Mab

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    River Oaks District: Mixed-Use Development At 4444 Westheimer Rd. & 4702 Westheimer Rd.

    in River Oaks/Upper Kirby/Greenway Plaza/Bissonnet

    Posted

    http://blog.chron.com/primeproperty/2014/05/cartier-dior-and-other-luxury-brands-coming-to-river-oaks-district/

     

     

    Four of the world’s top luxury retailers plan to open stores in River Oaks District, the newest mixed-use real estate development focusing on flashy brands and high-end design located along Westheimer just inside the West Loop.

    The commitment from the new tenants — Cartier, Dior, Hermes and Tom Ford — will help solidify the project’s future as Houston’s newest sought-after spot to splurge, the developer said.

    “It really puts the stake in the ground, and really defines this as the new place in Houston for luxury and for upscale shopping — and that’s no easy feat,” said Dene Oliver, CEO of the San Diego-based OliverMcMillan.

    Cartier recently closed its store in the Galleria and Hermes will be moving from BLVD Place, another upscale project, on Post Oak Boulevard.

    OliverMcMillan broke ground on the 15-acre project last summer. The complex is expected to open in the spring of 2015 with 252,000 square feet of retail, restaurants, cafes and a cinema, along with 92,000 square feet of office space and 279 residential units. 

    Hermes and Dior will have large stores in two-story buildings, with 10,117 square feet and 9,056 square feet, respectively. Cartier’s store will be 6,040 square feet, and Tom Ford will occupy 4,906 square feet.

    Tom Ford is new to Houston and Dior used to be in the Galleria but closed its store there, Oliver said.

    With the new leases, the retail component of River Oaks District is about 75 percent spoken for, including an eight-screen, 560-seat iPic Entertainment movie theater.

    Hermes_Cartier_Dior-600x387.jpg

    • Like 2

    The Galleria Mall At 5085 Westheimer Rd.

    in Uptown and Galleria Area

    Posted

    http://www.bizjournals.com/houston/blog/breaking-ground/2014/04/sneak-preview-of-galleria-renovation.html?page=all

     

     

    • A stand-alone, 14,000-square-foot building dubbed “The Jewel Box” will be built on theCheesecake Factory’s existing parking deck facing Westheimer. The space will house luxury retailers who want visibility. Noble said several “new-to-market” tenants have expressed interest in the plans, but would not elaborate on which retailers are interested or how much rent the space will charge.
    • Saks Fifth Avenue will move into a renovated 198,000-square-foot space located next to its existing space. Saks is set to open in early 2016.
    • The existing Saks building will be renovated, providing 110,000 square feet of space for new restaurants and retail. Construction will begin on this space after Saks moves into its new building. Saks will stay open during the renovation.
    • Saks will take up part of Macy’s Inc. (NYSE: M), which will consolidate into its Galleria store facing Hidalgo Street.  The consolidation will affect 136 positions, according to the  Texas Workforce Commission. However, the company is confident that most of those employees will find jobs at other local Macy's stores.
    • A new multifamily tower will also be built on the former Macy’s site, but Noble wouldn’t give details on the project, only to say that it is part of the master plan for the complex, and that the team is focused on the retail component of the project.

     

    • Like 3

    Grand Texas Theme Park At 23065 Highway 242

    in Other Houston Neighborhoods

    Posted

     

     

    5. The Astroworld Carousel: The carousel at the former Six Flags Astroworld was a thing of absolute majesty. It was more than 100 years old, and when it was first installed at Pen Mar Park it was already called the Grand Carousel for the amazing detail of the animals. In 1968 Roy Hofheinz himself bought the carousel and had it installed in Astroworld where it remained until the park closed in 2005.

     

    So why is it on this list if it's gone? That's just it, the Astroworld carousel is returning to Houston! Dan Horenberger of Brass Ring Entertainment bought the carousel at auction and had it given a museum quality renovation. Now it's slated to be part of the new Grand Texas Theme Park opening next year. How wonderful that a piece of our history will once again offer riders another go-round.

    http://blogs.houstonpress.com/artattack/2014/02/best_carousels.php?page=2

    • Like 2

    BLVD Place Mixed-Use: 1700 Post Oak Blvd.

    in Uptown and Galleria Area

    Posted

     

     

    A number of new office buildings under development could draw some of the law firms away from the city's business district, according to a report from commercial real estate firm Jones Lang LaSalle, citing new space in BLVD Place near the Galleria, Kirby Grove in the Greenway Plaza area and a new building at CityCentre near Interstate 10 and the Beltway.

    http://www.houstonchronicle.com/business/columnists/sarnoff/article/Hotel-takes-design-up-a-notch-5355734.php?t=27118b20c8f1bd0534

     

    Hopefully this mean more high rises are developing in BLVD place

    GreenStreet: Mixed-Use Development At 1201 Fannin St.

    in Downtown

    Posted

    From Midway website 

     

    Midway, in partnership with Valencia Group, will open the 225-room luxury hotel, Hotel Alessandra, at GreenStreet in late 2016. Joining the impressive retail, restaurant and entertainment line-up at GreenStreet, the hotel will fill the growing need for more accommodations in the area, in addition to providing an important anchor in the city’s plan for a vibrant, mixed-use retail district in downtown Houston.

    An express elevator will transfer guests to a 25th-floor lobby with skyline views during check-in and a sleek glass exterior that extends over a rooftop pool and bar. The contemporary-designed property will feature premier meeting and event spaces equipped with the latest technological amenities. Plans also include architectural details that will allow for sweeping views of the city and lavish indoor-outdoor spaces

    http://midwaycompanies.com/projects/detail/hotel-alessandra

    • Like 2

    Baybrook Mall Expansion

    in Coastal Prairie and Bay

    Posted

    784x2048.jpg

     

    Baybrook Mall, already among the Houston area's most profitable per square foot, will become one of its physically largest as well, through a major expansion announced Monday that will give it about the same footprint as west Houston's Memorial City Mall. It would be surpassed in size only by the Galleria, a bona fide tourist destination that is known internationally.

    The company that owns the indoor shopping complex off the Gulf Freeway in suburban Webster will add 555,000 square feet of retail, restaurant and entertainment space and create a community lawn the length of a football field. The design features eight new buildings and outdoor-oriented "lifestyle areas" similar to those common to pedestrian-friendly town centers and becoming even popular at traditionally enclosed malls.

    While many indoor retail centers are making adjustments merely to survive in the face of sweeping changes in Americans' social and shopping habits, Baybrook plans instead to build on recent success. In what was considered a coup two years ago, Baybrook was one of just two local malls to sign H&M, an iconic retailer appealing to teens and young women.

    Mall owner General Growth Properties said in its announcement that it remains bullish on the hub south of Houston.

    "Baybrook Mall is nearly 100 percent leased and is located in one of the nation's fastest-growing markets," executive vice president Richard Pesin said. "Retailers and restaurants are looking to add new locations in high-quality centers."

    The project, set to be completed by the 2015 Christmas shopping season, would expand Baybrook by about 50 percent, to some 1.7 million square feet, leapfrogging the likes of The Woodlands and Willowbrook malls.

    GGP said through a mall spokesman that the company also is positioning the 36-year-old Baybrook Mall as a more community-oriented, family-welcoming space, with not just 30-plus new stores but also a movie theater, 10 restaurants and an outdoor lawn the length of a football field intended to host family gatherings and special events.

    The new design will allow customers to walk from store to store in an open-air environment and be connected by shaded walkways, the mall's marketing manager Colin Moussa said.

    Jeff Green, a retail feasibility consultant based in Phoenix, applauded Baybrook's owners on the strategy. "They're combining the mall with the speciality center concept, and I think it's a great idea," said Green, president of Jeff Green Partners.

    "The restaurant category is basically exploding," he added, "and it looks like they're really trying to set up a food and entertainment hub."

    Scott Shillings, president of Riverway Retail, a retail tenant representative, agreed that Baybrook is a regional powerhouse. He said it is one of the entire area's top generators of sales per square feet.

    "Baybrook Mall has a dominant position in the southeast corridor of the Houston area," he said.

    GGP has added similar outdoor lifestyle areas at its First Colony, in Sugar Land, and Woodlands malls, he said. The company also owns Willowbrook and Deerbook malls, both well north of Beltway 8.

    GGP declined to name any of the retailers expected to sign on in the expanded Baybrook space, but Moussa said they would include big-box anchor tenants.

    The project is a joint venture between GGP and landowner CDC.

    Existing Baybrook tenants include Dillard's, Forever 21, Lego, Coach and Michael Kors. After its expansion Baybrook will be the largest of GGP's five Houston-area malls.

    Memorial City Mall underwent a big expansion and by 2003 grew to 1.7 million square feet, with the additions of Dillard's, JCPenney, Cinemark Memorial City, and other retail, said Steve Nisenson, director of marketing at MetroNational, developer and manager of Memorial City Mall.

    http://www.houstonchronicle.com/business/retail/article/Major-expansion-set-for-Baybrook-Mall-5345696.php?cmpid=btfpm

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