A slew of projects are changing Houston’s vast skyline.
This story first appeared in the May 15, 2008 issue of WWD. Subscribe Today.
Retail development in Houston is thriving, with several new mixed-use projects planned or already under construction throughout the city.
– Grand Corners, a 400,000-square-foot strip center under development from The Retail Connection, will open in late 2009 near Katy, Tex., a prosperous Houston suburb.
– Houston Pavilions, a $170 million project of almost 700,000 square feet, including 360,000 square feet of retail space, is under construction across three downtown city blocks and is expected to open in October. William Denton and Geoffrey Jones are the developers.
– Regent Square, a 24-acre mixed-used, pedestrian-focused neighborhood project of The GID Urban Development Group on Allen Parkway, is set to open in 2010. It will include retail, apartments, condominiums and a boutique hotel.
– Sonoma, a 578,000-square-foot lifestyle center in the works from Lamesa Properties and Randall Davis Co., both Houston-based firms, will open in phases this year with 213 condos, 60,000 square feet of retail, 43,000 square feet of office space, four restaurants and an urban grocer. With white walls and Spanish-style roofs, Sonoma will be in Rice Village, a 16-block shopping, dining and entertainment district attracting nearby residents, Rice University students and Texas Medical Center faculty and workers.
– High Street, a $105 million mixed-use project covering nearly 10 acres, is under construction less than a mile from the Houston Galleria megamall. Trademark Property Co. and Coventry Real Estate Advisors Ltd. are collaborating on the project, which includes about 250 apartments, over 100,000 square feet of retail and 80,000 square feet of office space in a separate structure.
– Houston Premium Outlet Mall, developed by Chelsea Properties, is set to open this year in the Houston suburb of Cyprus, Tex., with at least 430,000 square feet of retail and related lifestyle stores.
– River Oaks District, a 15-acre upscale mixed-use complex near the Houston Galleria, is being developed by OliverMcMillan LLC and includes 350,000 square feet of retail, two luxury hotels, condominiums, apartments and office space. OliverMcMillan executives said River Oaks, with a price tag of at least $600 million, is projected to create 1,500 jobs and contribute over $4.5 billion to the local economy each year.