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Comerica Bank - 5757 Memorial Dr.


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"Billionaire Tilman Fertitta has purchased a prime parcel near Memorial Park, opening an opportunity for him to expand his business along one of the Inner Loop's busiest corridors.

https://www.houstonchronicle.com/business/real-estate/article/tilman-fertitta-buys-memorial-drive-property-18568104.php

 

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Maybe Fertitta want's to build a restaurant or get in to the high end condo craze that are also going to be built near here.

hindesky

 

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1 hour ago, hindesky said:

"Billionaire Tilman Fertitta has purchased a prime parcel near Memorial Park, opening an opportunity for him to expand his business along one of the Inner Loop's busiest corridors.

The hospitality and gaming tycoon announced the acquisition Thursday of 5757 Memorial Drive, where a Comerica Bank is located. The branch was still open Thursday. Comerica Bank will rent the property until at least summer, when it plans to move, a Fertitta spokesperson said.

The 1.6-acre property is just east of Memorial Park and Bayou Bend, north of River Oaks.

“Memorial Drive is a renowned thoroughfare in Houston, and the synergy with Brenner’s (steakhouse) on the Bayou nearby made the decision simple. The adjacency of River Oaks and Memorial Park only enhances the appeal of this location, and we look forward to expanding our business in this area," Fertitta said in a statement.

Fertitta is exploring development opportunities for the site, a spokesperson said."

https://www.houstonchronicle.com/business/real-estate/article/tilman-fertitta-buys-memorial-drive-property-18568104.php

 

MmhfBQa.png

fukuBR1.png

yuOGgc6.jpg

 

Maybe Fertitta want's to build a restaurant or get in to the high end condo craze that are also going to be built near here.

hindesky

 

I also heard don't know how true it is that he bought the older apartments on West Creek near Steak 48.

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  • The title was changed to Comerica Bank - 5757 Memorial Dr.

"Fertitta acquired the upscale White House venue, which is directly behind the newly acquired property, in 2022.

“Memorial Drive is a renowned thoroughfare in Houston, and the synergy with Brenner’s on the Bayou nearby made the decision simple,” he said in the release. “The adjacency of River Oaks and Memorial Park only enhances the appeal of this location, and we look forward to expanding our business in this area.”

Comerica Bank plans to move once its lease is up, a spokesperson told the Houston Chronicle, and Fertitta is exploring development opportunities."

https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-tilman-fertitta-acquires-prime-memorial-drive-property-122225

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Surveying crew from AGS were on site. I asked if they knew what for and they told me they are surveying the perimeters of the property. With Comerica Bank moving out soon I guess Tilman Fertitta already has plans in mind for the property but what could they be? CBRE was also here.

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