Kirby Collection Adds Retail Tenants

Kirby Collection Adds Retail Tenants

This gorgeous Residential High Rise just got even better!
  • Pinstripes  was the first retail tenant announced, a dining and entertainment venue that will occupy 33,830 square feet when it opens in the Kirby Collection in June 2018. It will be the first Houston location for Pinstripes, which features bowling, bocce ball and other activities. The location also will have outdoor fire pits and a bistro serving Italian and American cuisine.
  • Mississippi-based Hancock Whitney Bank
  • Houston-based Novum Energy Trading Inc.
  • Jacksonville, Florida-based Regency Centers (NYSE: REG). They’re expected to move into the Kirby Collection in the second quarter of 2018.
  • A Ma Maniére –  A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release.
  • Great W’Kana Café, a contemporary Indian restaurant.  Chef Sunil Srivastava is moving his Great W’Kana Café into 2,960 square feet at Kirby Collection.
  • Atelier Isabelle Rose –  a high-end luxury hair salon, will occupy 3,855 square feet.
  • Lukoil – U.S. affiliate of a Russian energy trading corporation and Moscow-based.
Most recently The Kirby Collection, a 1 million-square-foot mixed-use development that recently delivered in Upper Kirby, will be home to the U.S. affiliate of a Russian energy trading corporation. Moscow-based Lukoil signed a lease for 5,900 square feet in the Kirby Collection’s 13-story, 186,000-square-foot Class A office building. Lukoil will occupy the building’s ninth floor and is expected to relocate in May.
“It is so exciting to see such growth and ingenuity in the Houston market. It will just continue to add more businesses and newcomers to the Houston area” says real estate broker, Margie Kaplan of MK Luxury Homes & Condos, a real estate boutique specializing in leasing high rise apartments.
The Residences at Kirby Collection is a 25-story, 199-unit Class A apartment tower offering 21 different floor plans in Upper Kirby. This is very convenient for their residential tenants. Residences include townhomes, garden lofts, apartments and penthouses. The development has 65,000 square feet of retail space over two levels. The 1 million-square-foot, $125 million Kirby Collection recently was completed on schedule, according to Thor Equities’ Jan. 3 press release.   ]]>

Why Millennials Love Apartments

It’s the fastest growing part of the housing market you may not see in your neighborhood. New apartment buildings popping up everywhere now with the largest share of total new home construction since the 1970’s. New rental apartment projects surged 56% in 2011, 36% in 2012, 25% in 2013, and they are forecast to rise 9% in 2014. So has this rental rise reached the top floor? Experts say not yet. Why? Call it housing’s millennial effect. Unemployment is still stubbornly high for younger Americans and many already owe tens of thousands in student loans. When millennial’s find a job they just want a roof over their head not a mortgage. Plus credit is tight. So buying is tough, a down payment even tougher. Also millennial’s value mobility and urban areas offer convenience. That demand is pushing up rent prices across the US. Rents are up 3% over the past year. And nearly twice that in renter heavy cities like San Francisco, San Jose, Seattle and Boston But long-term the millennial effect could produce a familiar result as this generation grows up has children finds more steady employment. The need for more space and the financial prospects of owning a home could push Millennials into single-family homes and lift the housing market for everyone else.

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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.]]>