zstrater86 Posted November 2, 2015 Share Posted November 2, 2015 Speaking of Equinox, it is scheduled to open December 3rd. So the temporary sales center they have in the parking lot off of Westheimer should be gone soon. 2 Quote Link to comment Share on other sites More sharing options...
bobruss Posted November 3, 2015 Share Posted November 3, 2015 What types of rents are these retailers paying per square foot for this type of luxury retail space? Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 3, 2015 Share Posted November 3, 2015 What types of rents are these retailers paying per square foot for this type of luxury retail space? for the prime spots i've heard in excess of $200/sf... insane numbers for houston. 2 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 3, 2015 Share Posted November 3, 2015 Believe it. This isn't your father's Houston, it's a new Houston. Still much to do, but we've come a lonnnnng way. Thank God, the city is getting better, and better.In this case, isn't it only getting better for the wealthy? Just this development, I mean. 1 Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 3, 2015 Share Posted November 3, 2015 (edited) - Edited July 10, 2019 by Timoric 2 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 3, 2015 Share Posted November 3, 2015 This is true Quote Link to comment Share on other sites More sharing options...
skwatra Posted November 3, 2015 Share Posted November 3, 2015 They (hopefully) will generate taxes, build infrastructure, etc. Plus I'm not wealthy and I got 2 free movies out of it so far! 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted November 3, 2015 Share Posted November 3, 2015 for the prime spots i've heard in excess of $200/sf... insane numbers for houston. To put that in perspective, retail space in San Francisco's Union Square district goes for in excess of $500, although $200 is enough to get you on board, though not facing the square itself and not on a street corner. In excess of $200 puts this a little bit ahead of Washington D.C.'s Chevy Chase district, though that has faded a little as Hines' Chinatown development has become the new retail epicenter in that city. Quote Link to comment Share on other sites More sharing options...
monarch Posted November 3, 2015 Share Posted November 3, 2015 ^^^ KITON, is now open at ROD. wow... just wow! 1 Quote Link to comment Share on other sites More sharing options...
rayjay Posted November 4, 2015 Share Posted November 4, 2015 for the prime spots i've heard in excess of $200/sf... insane numbers for houston. Not trying to start anything here (with my first post!), but just for some perspective, does anyone know how much rents are at NorthPark or Highland Park Village? 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 4, 2015 Share Posted November 4, 2015 Not trying to start anything here (with my first post!), but just for some perspective, does anyone know how much rents are at NorthPark or Highland Park Village? Sounds like you're asking for s fight there bub Quote Link to comment Share on other sites More sharing options...
august948 Posted November 4, 2015 Share Posted November 4, 2015 Should we cite ROD in the "Can the Boom Continue?" thread as a yes, yes it can? 1 Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted November 4, 2015 Share Posted November 4, 2015 Ultra high end retail reflects nothing more than the super rich will always be super rich. The people being laid off all over town were never going to be shopping at these places. Their bosses and the people that own the stock will. 3 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 4, 2015 Share Posted November 4, 2015 Should we cite ROD in the "Can the Boom Continue?" thread as a yes, yes it can?Lol no Quote Link to comment Share on other sites More sharing options...
august948 Posted November 4, 2015 Share Posted November 4, 2015 Ultra high end retail reflects nothing more than the super rich will always be super rich. The people being laid off all over town were never going to be shopping at these places. Their bosses and the people that own the stock will. My thought on this is that Houston's upper class isn't as dependent on oil money as they used to be. That bodes well for us in any oil downturn as these are also the folks that can drive investment and growth. Also, it may reflect the mentality of those in the upper paygrades at oil companies that this is more of a blip or correction in a longer term boom. Of course, it just opened so we'll have to see if this kind of retail has staying power or if it slides down the scale to more of a City Centre type development (still not bad in my opinion). Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted November 4, 2015 Share Posted November 4, 2015 You also have to remember that many of the Galleria's current clients are latin american nationals that come for the sole purpose of a shopping trip. These are also the very folks that would pay to stay in a swanky hotel next to the stores they plan to visit. Given that the developer has compared this to Rodeo Dr in Beverly Hills I would imagine international shoppers are also very much a target for this development. 1 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 4, 2015 Share Posted November 4, 2015 You also have to remember that many of the Galleria's current clients are latin american nationals that come for the sole purpose of a shopping trip. These are also the very folks that would pay to stay in a swanky hotel next to the stores they plan to visit. Given that the developer has compared this to Rodeo Dr in Beverly Hills I would imagine international shoppers are also very much a target for this development.I've heard this a lot and would be curious to see the numbers. Quote Link to comment Share on other sites More sharing options...
Triton Posted November 4, 2015 Share Posted November 4, 2015 Ultra high end retail reflects nothing more than the super rich will always be super rich. The people being laid off all over town were never going to be shopping at these places. Their bosses and the people that own the stock will. But see how many people is that in Houston? Is that a sizable market to be able to keep this shopping district alive? Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted November 4, 2015 Share Posted November 4, 2015 http://www.houstonchronicle.com/business/retail/article/Luxury-shoppers-homegrown-and-from-afar-push-5551422.phpI've heard this a lot and would be curious to see the numbers. Here is link to an article from last year. 1 Quote Link to comment Share on other sites More sharing options...
monarch Posted November 4, 2015 Share Posted November 4, 2015 Ultra high end retail reflects nothing more than the super rich will always be super rich. The people being laid off all over town were never going to be shopping at these places. Their bosses and the people that own the stock will. ^^^ during my youthful years in college, i introduced myself to MARSHALL FIELDS, NEIMAN MARCUS, LORD & TAYLOR, and so forth. i did not harbor any form of a fortune. however, i did incorporate a personal passion for having nice things in life... i get it from my mom. i worked where ever i could, and i never looked down. if i walked into one of these stores, you would have never known the difference upon whether i was rich, middle class, or poor. it's all in the way one carries themself. it's all about what one values in life. it's all about passion and drive. it's all about living.... 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 4, 2015 Share Posted November 4, 2015 I would concur that paying more for a few quality fashion pieces is better than paying a lot for Walmart pieces 1 Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted November 4, 2015 Share Posted November 4, 2015 I would concur that paying more for a few quality fashion pieces is better than paying a lot for Walmart pieces Why settle for either extreme? The models in all the adds at ROD will look better in a $200 suit from the Men's Warehouse than most consumers will look in a really expensive suit from ROD. No reason to cheap out at walmart or overspend at ROD. plenty of quality can be found in the middle ground. But $200 tee shirts and $300 jeans is just silly. looking at you vince. 3 Quote Link to comment Share on other sites More sharing options...
jgriff Posted November 5, 2015 Share Posted November 5, 2015 Why settle for either extreme?The models in all the adds at ROD will look better in a $200 suit from the Men's Warehouse than most consumers will look in a really expensive suit from ROD.No reason to cheap out at walmart or overspend at ROD. plenty of quality can be found in the middle ground.But $200 tee shirts and $300 jeans is just silly. looking at you vince.Some of the places in ROD will have $1000 jeans. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted November 5, 2015 Share Posted November 5, 2015 Why settle for either extreme? The models in all the adds at ROD will look better in a $200 suit from the Men's Warehouse than most consumers will look in a really expensive suit from ROD. No reason to cheap out at walmart or overspend at ROD. plenty of quality can be found in the middle ground. But $200 tee shirts and $300 jeans is just silly. looking at you vince. 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 5, 2015 Share Posted November 5, 2015 (edited) Why settle for either extreme?The models in all the adds at ROD will look better in a $200 suit from the Men's Warehouse than most consumers will look in a really expensive suit from ROD.No reason to cheap out at walmart or overspend at ROD. plenty of quality can be found in the middle ground.But $200 tee shirts and $300 jeans is just silly. looking at you vince.My reasoning behind paying more for clothes is because the quality of said clothing provides so much more wearability that other clothes of the same price.Unintentional consequence? I'm killin' it erryday fam Edited November 5, 2015 by BigFootsSocks 1 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted November 5, 2015 Share Posted November 5, 2015 Some of the places in ROD will have $1000 jeans.Geez! I felt almost sick when I bought $20 hand soap at Pottery Barn. Quote Link to comment Share on other sites More sharing options...
towerjunkie Posted November 5, 2015 Share Posted November 5, 2015 Geez! I felt almost sick when I bought $20 hand soap at Pottery Barn. Does it come with gold infused dead sea salt sprinkled with water from the fountain of youth? To get back on topic. What were we talking about here? .... Oh right, I like those intricately woven threads that coat the outermost layer of my epidermis from neck to foot almost 24/7. Quote Link to comment Share on other sites More sharing options...
gene Posted November 5, 2015 Share Posted November 5, 2015 everyone stop hating on my Target! sure it may need a facelift or whatever but i love it, especially since its just 2 lights from my home and my office and i guarantee you that everyone living at or near ROD will frequent Target alot more than any of the stores in ROD! 1 Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 5, 2015 Share Posted November 5, 2015 (edited) - Edited July 10, 2019 by Timoric 1 Quote Link to comment Share on other sites More sharing options...
august948 Posted November 5, 2015 Share Posted November 5, 2015 Is it a Target' (Tar Jaay) or a Targhetto? We like to name our Safeways in DC. https://markovthoughtchain.wordpress.com/2010/05/22/safeway-nicknames-in-the-dc-area/ We do that with Kroger here. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.