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GreenStreet: Mixed-Use Development At 1201 Fannin St.


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5 hours ago, Texasota said:

I'm gonna argue for a Muji.

 

Or a UNIQLO.

32 minutes ago, Luminare said:

 

Macy's just isn't unique. Its just your general run of the mill department store. "General" Department stores are over. I live in Montrose and its been fun lately seeing clothing retailers start to pop back up along Westheimer, and it seems they are doing well but thats because they are unique and have a strong identity. When I walk into a Macy's I think, "yeah I can just order this online".

 

Wait what retailers have popped up in Montrose recently?

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The Macy's in the Galleria and the one in Baybrook, back when my sister worked there two years ago, were routinely in the top 10 for revenue in the Nation. So unless Macy's is super duper F'ed, then I'm assuming they'll be around for a while to come. Sucks about Forever 21, but their clothes really sucked in terms of quality. You guys gotta hope for a Target, that would solve all the problems (their clothes are better than Forevs 21, in my opinion).

 

But I hear Target prefers to own the property of the building so theres that. 

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27 minutes ago, X.R. said:

The Macy's in the Galleria and the one in Baybrook, back when my sister worked there two years ago, were routinely in the top 10 for revenue in the Nation. So unless Macy's is super duper F'ed, then I'm assuming they'll be around for a while to come. Sucks about Forever 21, but their clothes really sucked in terms of quality. You guys gotta hope for a Target, that would solve all the problems (their clothes are better than Forevs 21, in my opinion).

 

But I hear Target prefers to own the property of the building so theres that. 

 

or H&M. Then again I'm a walking H&M billboard/sellout haha

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5 hours ago, Luminare said:

 

...and those are also general department stores. So my point stands?

 

You said "run of the mill." Is Neiman Marcus "run of the mill"? I don't consider the clothing shops in Montrose to be department stores.

 

Maybe what you're calling a "general department store," I'm just calling a "department store." A large building with a vast array of retail goods grouped into different departments.

 

Edited by H-Town Man
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14 hours ago, H-Town Man said:

 

You said "run of the mill." Is Neiman Marcus "run of the mill"? I don't consider the clothing shops in Montrose to be department stores.

 

Maybe what you're calling a "general department store," I'm just calling a "department store." A large building with a vast array of retail goods grouped into different departments.

 

 

You could be entirely correct. Its possible a much clearer definition of terms we should use would be "department store" which you have laid out the definition to, which I can agree to, and I would proposed a second definition be "boutique store". Department store referring to the large variety, and the boutique referring to the small. Would that be a better way to construct this?

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1 hour ago, Luminare said:

 

You could be entirely correct. Its possible a much clearer definition of terms we should use would be "department store" which you have laid out the definition to, which I can agree to, and I would proposed a second definition be "boutique store". Department store referring to the large variety, and the boutique referring to the small. Would that be a better way to construct this?

 

I think so. Those in Montrose are boutiques, not department stores.

 

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  • 1 month later...

Source: https://www.bizjournals.com/houston/news/2019/11/14/downtown-houston-mixed-use-development-secures.html

 

 

Quote

Midway/Lionstone investments has secured a $140 million refinancing for the GreenStreet property...


The property is undergoing a renovation that  includes a new two-story lobby on the ground floor of the tower "to create a sense of arrival and distinct point of entry for office tenants and visitors" as well as "opening up central corridors to enhance visibility". 

Greenstreet signed a 15-year lease with Life Time to establish a diamond-level fitness resort and the company's coworking concept. Life Time's lease was for 108,000 square feet at 1201 main St. The company is expected to open the GreenStreet location early next year,  

 

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  • 2 months later...
21 hours ago, Mattie said:

So what are the odds retail moves into their space? Parking is less than ideal if you wanted to run in and grab something quickly. 

 

less than 0, retail doesn't work well in Greenstreet.

It will either be more bars or office space. **Every** retail space has failed except the HoB Gear Shop, which would fail if it was on it's own.

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3 hours ago, Texasota said:

I think saying "retail doesn't work well in Greenstreet" based on Forever21 and a failing chain bookstore *and* ignoring the fact that the population downtown has literally quadrupled is a bit premature. I think something that's more of a destination (like Phoenicia has largely turned out) would work fine. Like, if they put a Muji here, it would do fine.

Agree. Forever 21 is going under. It had nothing to do with it being successful/unsuccessful in Greenstreet. And bookstores are in the same boat. Small independent bookstores are doing just fine because they offer a unique experience but larger ones like Barnes and Noble won't be around too much longer. I think any retail would work here. 

Edited by j_cuevas713
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  • 2 weeks later...

Downtown slowly getting all of the amenities people have been clamoring for. So now you'll have Lifetime, the Met, and YMCA all in downtown, and if LifeTime Fitness has those lounge areas and fast-healthy food like the other locations then the downtown businesses and offices without a gym/lounge area of their own can now provide that service to their employees as a benefit of being at the DT location. And DT residents can go there too, I guess 😆

 

Thanks @wilcal!

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26 minutes ago, X.R. said:

Downtown slowly getting all of the amenities people have been clamoring for. So now you'll have Lifetime, the Met, and YMCA all in downtown, and if LifeTime Fitness has those lounge areas and fast-healthy food like the other locations then the downtown businesses and offices without a gym/lounge area of their own can now provide that service to their employees as a benefit of being at the DT location. And DT residents can go there too, I guess 😆

 

Thanks @wilcal!

 

I wish this location was getting a lap pool. The YMCA is nice, but it can get crowded, and another pool downtown would help relieve that. Regardless lacking a pool having new amenities downtown will be exciting for a lot of people.

Edited by jermh
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1 hour ago, X.R. said:

Downtown slowly getting all of the amenities people have been clamoring for. So now you'll have Lifetime, the Met, and YMCA all in downtown, and if LifeTime Fitness has those lounge areas and fast-healthy food like the other locations then the downtown businesses and offices without a gym/lounge area of their own can now provide that service to their employees as a benefit of being at the DT location. And DT residents can go there too, I guess 😆

 

Thanks @wilcal!

 

Their site does say that it will feature a LifeCafe and it has a pic of a juice bar looking kind of thing, too. 

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  • 11 months later...
1 hour ago, Nole23 said:

COVID created winners and losers, and a lot of that comes down to cash flow management and debt allocation. A lot, a lot of businesses were spending in pursuit of revenue, and COVID caught the ones who were stretched thin with their pants down. Even in hospitality, some private equity groups are making a killing buying these kinds of assets. The sudden-ness of the closing means they probably weren't financially liquid enough to survive the tough time, but this will most likely be sold to some PE company and continue to be what it was. So, no fretting. Can't let all those renovations go to waste!

Edited by X.R.
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