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OliverMcMillan and River Oaks District to Expand with Hotel and Office

River Oaks District Hotel Construction

River Oaks District to Expand with Hotel, Office

Houston Chronicle The developer of River Oaks District, Houston’s newest mecca of high-end shopping, is planning to expand its mixed-use project onto adjacent land with a hotel, office building, additional residential units and more shops. Public documents filed with Harris County show San Diego-based OliverMcMillan has entered into a ground-lease agreement for 3.4 acres at the northeast corner of Westheimer and Westcreek. The property includes buildings that house Le Peep, Sullivan’s, Exceptional Nails and Wesctreek Market & Deli. The developer briefly describes Phase II on its website as a 455,000-square-foot expansion with 190,000 square feet of office space, 150,000 square feet for a luxury hotel, 90,000 square feet of residential space and 25,000 square feet of retail. Renderings show two high-rise buildings, the taller of which has a rooftop pool. Several retailers in the initial phase of River Oaks District are expected to open starting Oct. 1. The development will include such high-fashion brands as Hermès, Cartier, Dior and Dolce & Gabbana, along with 279 apartments and a three-story office building. An eight-screen cinema called iPic is scheduled for an Oct. 30 opening. Since the price of oil began falling last summer, OliverMcMillan officials have remained confident about their project and Houston’s ability to weather the energy slump. “Of all the retailers we’ve worked with, none of them have asked about oil fluctuations,” Jeff Zeigler, senior managing director of retail services for OliverMcMillan, said this summer during a construction tour of the 14-acre development. John Breeding, president of the Uptown Houston District, said the Houston economy continues to be strong, even with lower oil prices. He attributes that to the economy’s diversity. “We’re seeing very aggressive land purchases,” he said about the Galleria area. Developers already are building some $2.5 billion worth of commercial and residential real estate in Uptown. River Oaks District, at 4444 Westheimer, is between Highland Village and the Galleria, which is going through its own luxury expansion. Breeding said the additional retail competition will create a “bigger pie” of shoppers. “It reinforces this market area as the center of retail for the Houston region,” he said. The 650,000-square-foot project is based on a street grid system where visitors are meant to stroll under storefront canopies along tree-lined streets. Through a spokeswoman, the developer declined to provide additional information on the expansion, including the timing of the new project. The existing restaurants and businesses have leases on their sites that run through the end of September 2017, a document shows. The lease agreement is with Restrop, Urquhart Restrop and McKissack Restrop. Link to the original article here. – See more at: Oliver McMillan Buzz]]>

Posted in: Blog, Brand New Apartments, Featured Blog Posts, Happenings, Houston Real Estate News, River Oaks Apartments

Museum District Will Get New Luxury High Rise By StreetLights Residential

Chelsea Montrose High Rise in Museum DistrictThe Carter High Rise Streetlight Residential The Carter (Courtesy of StreetLights Residential) Dallas-based StreetLights Residential, founded about three years ago by executives of Gables Residential, has broken ground on this 20-story apartment tower in the Museum District. The building, which will be called The Carter, will have 305 units with one, two or three bedrooms. The site, 4 Chelsea Boulevard, is between Montrose and Travis just south of U.S. 59. “We pride ourselves on creating a luxury, hotel-like environment with each of our projects, and we believe the high-end amenities and multiple living options in this development achieve that vision,” CEO Doug Chesnut said in a statement. Building amenities will include a swimming pool with lounging areas and fire pits, a 19th-floor lounge with a kitchen and dining area, a game room, fitness center, resident lobby bar, dog park and private garages. The units will have 10-foot ceilings, keyless entry systems, build-in speakers and stone countertops. Gromatzky Dupree & Associates designed the building, which is being constructed by SLR Texas Construction on a nearly two-acre site. Landscaping will be designed by Lynda Tycher & Associates. The building is expected to be completed in 2017. Go to Full Story at Houston Chronicle by Nancy Sarnoff   The 20 story Chelsea-Montrose project will include 305 apartment homes and over 15,000 SF of high end amenity space. Apartment homes will range in size from 723 SF one bedrooms to 3329 SF Penthouses (Townhomes). Construction is scheduled to begin in late 2014 with the first apartment homes being available in the spring of 2016. From Streetlight Residential Website

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Posted in: Blog, Brand New Apartments, High Rise Apartments, Houston Real Estate News, Montrose Area/Medical Center, New Construction Apartments

Houston A City With No Limits Video

Houston is a city with No Limits!    

Thinking about relocating to Houston?

Check Availability on any Luxury Apartment in Houston.

      Video provided by the Greater Houston Partnership that describes a new city branding campaign that depicts Houston as a city that has no limits.]]>

Posted in: Blog, Happenings, Houston Real Estate News, Video Library

Uptown Park To Build Crimson High Rise Tower

Montebello Photo by MK Montebello High Rise[/caption] Uptown Park in Houston will be going through some changes soon. One of which is adding more residential units and a high rise. Uptown Park was originally developed by Mr. Giorgio Borlenghi back in 1999 and renovated in 2005. Uptown Park is part of the 34 acre Interfin development at the corner of Post Oak Boulevard and Loop 610 in Houston. There are 30 wonderful and high-end shops, spas and services. It’s a great place to shop, have a bite, enjoy coffee and stroll the park. Uptown Park is surrounded by very affluent neighborhoods and already has two residential high-rise towers. Both the Montebello and the Villa d’ Este have privately owned units. Uptown Park will add hotel space and retail to it’s already existing 169,000 square feet of retail space. The new high-rise, Crimson at Uptown Park, will be developed on the northwest corner of the property where the stores Baker, Pelucha Decor and Bella Rinova are now. The Uptown Park High-Rise project will include a 360,000-square-foot luxury multifamily tower with it’s completion slated for early 2017. Check back here for new details as they develop! See Penthouse High Rises for Lease in Houston.]]>

Posted in: Blog, Houston Real Estate News

The Stigma attached to Renting is Now Gone

Retail and rentals are all wrapped around each other. The focus now is on choice. Baby Boomers and Millenials want the ability to choose. They want to be able to wake up and change their minds and move when they want. Renting allows you to pack up and move easily. If you are ready to check out the luxury rental market in Houston contact Margie Kaplan at (713) 504-5425 or email her at Margie@HoustonLuxuryApartments.com.]]>

Posted in: Blog, Houston Real Estate News, New Construction Apartments, Video Library

Real Estate Frenzy Houston Sales Surge

Would you like to take advantage of the great Houston Real Estate market? Call Margie Kaplan at (281) 463-6365 to help you with your next investment or to lease your next home.]]>

Posted in: Blog, Houston Real Estate News

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