Post on 12-Jul-2020
ASHLAND ST
W 25TH ST
W 20TH ST
W 27TH ST
RUTLAND STYALE ST
N M
AIN
ST
NICH
OLSO
N ST
Menchie’s Frozen YogurtCollina’s ItalianHeights MarketplaceUrban Soles OutpostPenzeys Spices
Future
First Saturday Arts Market
Future MF DevelopmentOne eight-story, 275-unit complex
One six-story, 63-unit complex
Braun Enterprises17,962 Total SF RetailYoga studio Two ~5,000 SF restaurants
St. Joseph Medical Center
Heights Market Trail
Heights Blvd Trail
GREATER HEIGHTSHOME VALUES UP TO $2.3M
WOODLAND HEIGHTSHOME VALUES UP TO $1.9M
Heights High School
2125 Yale
Bell Heights
Holden Heights
W. 19th Street Shopping District
“Downtown of the Heights”Bernie's Burger Bus
Heights Asian Cafe
Wellness HeightsHeights Antiques On YaleYale Street Grill
Texas Children's Pediatrics
Heights Salon
SITE
SITE
HOUSTON CENTRAL BUSINESS DISTRICT • 3.8 MILESTEXAS MEDICAL CENTER • 8 MILES
±9.86 Acres at Rutland St and W. 25th St Largest Available Land Tract in the Houston Heights
O F F E R I N G M E M O R A N D U M
Tim DoschPrincipaltim.dosch@dmreland.comO 713-955-3127M 713-459-8123
David MarshallPrincipaldavid.marshall@dmreland.comO 713-955-3126M 713-206-1574
Tom DoschPrincipaltom.dosch@dmreland.comO 713-955-3125M 713-557-4455
Clark DaltonVice Presidentclark.dalton@dmreland.comO 713-955-3122M 832-449-2223
Becky HandSenior Associatebecky.hand@dmreland.comO 713-955-3121M 918-629-5592
Dillon MillsSenior Associatedillon.mills@dmreland.comO 713-955-3123M 713-254-3824
Tripp RichTransaction Managertripp.rich@dmreland.comO 713-955-3124M 936-635-6968
Kenneth DannaAnalystkenneth.danna@dmreland.comO 713-955-3120M 713-829-2615
Contacts, Due Diligence, & Offer Requirements
Dosch Marshall Real Estate713.955.3120
777 Post Oak Blvd Houston, TX 77056
www.dmreland.com
2±9.86 ACRES IN THE HOUSTON HEIGHTS
Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the disposition of ±9.86 acres at Rutland Street and W. 25th Street in Houston, TX (Property). All inquiries about the Property should be directed to DMRE.
Due Diligence InformationThe offering memorandum and survey(s) are available on the Property website at www.dmreland.com.
Other due diligence information is stored securely with a reputable file sharing service. DMRE will provide qualified, interested investors with a link to these materials.
Offer DeadlineOffers will be due in late April or early May.
Offer RequirementsDMRE will provide potential buyers detailed offer instructions, but in general, offers should be presented in the form of a non-binding Letter of Intent, and should include:
• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans
Purchase terms shall require cash to be paid at closing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.
Marketing Process
ASHLAND ST
ASHLAND ST
RUTLAND ST
YALE ST
W 25TH ST
W 26TH ST
W 24TH ST
W 23RD ST
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GARDEN OAKSHOME VALUES UP TO $1.99M
GREATER HEIGHTSHOME VALUES UP TO $2.3M
Heights Market Trail
Holden Heights
SITE
SITE
OPENING 2018
El Rey Taqueria
3±9.86 ACRES IN THE HOUSTON HEIGHTS
Property Subdivision
Single Parcel
W 26TH ST
W 25TH ST
W 25TH ST
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Parcel A
Parcel B
W 26TH ST
W 25TH ST
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RUTL
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Parcel C
Parcel A Parcel B
W 26TH ST
W 25TH ST
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A) Entire Site
• Parcel size: ±9.86 acres• Property can be purchased as one transaction
• Parcel A: ±6.13 acres• Parcel B: ±3.73 acres• Property can be subdivided
• Parcel A: ±3.00 acres• Parcel B: ±3.13 acres• Parcel C: ±3.73 acres• Property can be subdivided
B) North or South Tract C) Partial North Tract(s), South Tract
The Seller will consider selling the Property in one transaction or subdivided. See below for examples of potential transaction opportunities.
4±9.86 ACRES IN THE HOUSTON HEIGHTS
Property DetailsProperty Details
LOCATION Partial block bounded by W. 26th St, Nicholson St, Rutland St and W. 25th St
Partial block bounded by W. 25th St, Rutland St, Ashland St, and W. 24th St
Houston, TX 77008
LAT., LONG. 29.809660, -95.403235
TOTAL SIZE ±9.86 acres
SCHOOLS Houston ISD
PRICE To be decided by market
2017 Tax Rates
1 HOUSTON ISD 1.206700
40 HARRIS COUNTY 0.418010
41 HARRIS CO FLOOD CNTRL 0.028310
42 PORT OF HOUSTON AUTHY 0.012560
43 HARRIS CO HOSP DIST 0.171100
44 HARRIS CO EDUC DEPT 0.005195
48 HOU COMMUNITY COLLEGE 0.100263
61 CITY OF HOUSTON 0.584210
total 2.526348
2017 Demographics
0-1 mile 0-5 miles 0-10 miles
EST. POPULATION 16,458 150,036 420,031
5-YR EST. POPULATION GROWTH 8.13% 7.33% 7.10%
AVERAGE HOUSEHOLD INCOME $137,341 $112,484 $107,602
MEDIAN OWNER-OCCUPIED HOUSING VALUES $285,361 $242,515 $204,345
Largest available tract in the Houston Heights• Frontage on 5 streets: W. 26th St, Rutland St, Ashland St, W. 24th St, and W. 25th St• Easy walking distance (less than 0.5 mi) to W. 19th Street Shopping District, the
downtown of the Heights• The Heights Market Trail is a few feet from the western edge of the property• The Property is ideally located very close to future development: just one block from
the future HEB, 0.25 mile from the future 365 Whole Foods, and less than 0.5 mi from Heights Waterworks
• Superb highway access: Interstate 610 is just two blocks north of the Property
W. 19th Street Shopping District
“Downtown of the Heights”
ASHLAND ST
W 25TH STW 24TH ST
W 23RD ST
W 22ND ST
W 20TH ST
W 27TH ST
W 2
8TH
ST
W 26TH ST
RUTLAND ST
YALE ST
N MAIN ST
NICHOLSON ST
Heights Market Trail
Heights Blvd Trail
SITE SITE
GREATER HEIGHTSHOME VALUES UP TO $2.3M
5±9.86 ACRES IN THE HOUSTON HEIGHTS
Property Survey - North Tract
~408’
131.00’
598.00’225.00’
124.18’
369.57’779.86’
~348’
6±9.86 ACRES IN THE HOUSTON HEIGHTS
Property Survey - South Tract
118.50’
53.00’
150.00’
628.00’
268.50’
575.50’
7±9.86 ACRES IN THE HOUSTON HEIGHTS
N DU
RHAM
DR
NICH
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YALE
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HEIG
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BLVD
RUTL
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W18TH ST
W19TH ST
W 20TH ST
W 21ST ST
W 24TH ST
W 25TH ST
W 26TH ST
15,306 CPD
St. Joseph Medical Center
Texas Childrens Pediatrics
Hamilton Middle School
Helms Elementary School
W 19TH ST SHOPPING DISTRICT / DOWNTOWN HEIGHTSShopping
DiningBoomtown CoffeeShadeTorchy's TacosMaryam's CafeDown House
WellnessBlissful IndulgenceStudio Fitness
TheaterHITS TheatreInterActive TheaterUpStage Theatre
Juice GirlBecks PrimeHarold's Carter & Cooley CoThe Vietnam
Fly High Little BunnyAlmogabar's New LivingThreadVinal Edge RecordsManready MercantileEclectic Home
J Harding & Co.Natural PawzPenzeys SpicesJubileeRetropolisVenus HairDramatika
Zoës KitchenHunky DoryThe Rice BoxSnap Kitchen
Braun Enterprises17,962 Total SF RetailYoga studio & two ~5,000 SF restaurants
Future MF Development- One eight-story, 275-unit complex - One six-story, 63-unit complex
FutureMenchie’s Frozen YogurtCollina’s ItalianHeights MarketplaceUrban Soles OutpostPenzeys Spices
TEA+ARTVietnam Restaurant
First Saturday Arts Market
Cane RossoPainting with a Twist
Johnny's Gold Brick
Bernie's Burger BusKraftsmen Baking
Mellow MushroomTarka Indian KitchenFat Cat CreameryKA Sushi
0.25 MI
0.50 MI
0.75 MI
Heights Market Trail
Heights Blvd Trail
FUTURE RETAIL
FUTURE RETAIL
OPENING FALL 2018
FUTURE DEVELOPMENT
RIDE Indoor CyclingYogaOne Studios
Studio Fitness
SITE
SITE
Map - Major Local Highlights
8±9.86 ACRES IN THE HOUSTON HEIGHTS
GARDEN OAKSHOME VALUES UP TO $1.99MSHADY ACRES
HOME VALUES UP TO $899K
Crossfit H-Town IIThroughgood Coffee
Mels' Seafood Shack
Krisp Bird & BatterCopper Penny
Gabby's BBQ
GREATER HEIGHTSHOME VALUES UP TO $2.3M
ASHLAND ST
ASHLAND ST
W 25TH ST
W 26TH ST
W 27TH ST
W 24TH ST
W 23RD ST
RUTLAND ST
NICHOLSON ST
N SHEPHERD DR
N DURHAM DR
Heights Market Trail
Holden Heights
OPENING FALL 2018
Future Retail Development
SITE SITE
Aerial - West
9±9.86 ACRES IN THE HOUSTON HEIGHTS
ASHLAND ST
ASHLAND ST
RUTLAND ST
YALE ST
W 25TH ST
W 26TH ST
W 24TH ST
W 23RD ST
NICH
OLSO
N ST
GARDEN OAKSHOME VALUES UP TO $1.99M
GREATER HEIGHTSHOME VALUES UP TO $2.3M
Heights Market Trail
Holden Heights
SITE
SITE
OPENING 2018
El Rey Taqueria
Aerial - NorthAerial - North
10±9.86 ACRES IN THE HOUSTON HEIGHTS
Holden Heights
W. 19th Street Shopping District
“Downtown of the Heights”
ASHLAND ST
W 25TH STW 24TH ST
W 23RD ST
W 22ND ST
W 20TH ST
W 27TH ST
W 2
8TH
ST
W 26TH ST
RUTLAND ST
YALE ST
N MAIN ST
NICHOLSON ST
Heights Market Trail
Jus’ Mac
Johnny's Gold Brick
Angela’s OvenBernie's Burger Bus
Heights Salon
Heights Asian Cafe
Wellness HeightsHeights Antiques On YaleYale Street Grill
Texas Children's Pediatrics 2125 Yale
Heights Blvd Trail
GREATER HEIGHTSHOME VALUES UP TO $2.3M
EAST HEIGHTSHOME VALUES UP TO $1.4M
WOODLAND HEIGHTSHOME VALUES UP TO $1.9M
SITE SITE
OPENING 2018
Aerial - East
11±9.86 ACRES IN THE HOUSTON HEIGHTS
The Houston HeightsEstablished in 1891, the Houston Heights is one of Houston’s most distinct historic neighborhoods. Twenty-three feet higher than Houston’s Central Business District located a few miles to the southeast, the area provided relief from flood-prone Buf-falo Bayou at the end of the 1800s.
The Heights is known for its grand Victo-rian homes, walkable neighborhoods and abundant opportunities for outdoor rec-reation, such as the 60-foot-wide Heights Boulevard esplanade and the Heights Hike & Bike Trail.
While Heights retail and entertainment has in the past been limited to mom-and-pop shops and funky bars, the neighborhood’s’ popularity with a young and stylish demo-graphic has in recent years encouraged the addition of Houston’s best dining, arts and theater, and mainstream retail.
New development has been especially con-centrated along West 19th Street & West 20th Street between N. Shepherd Drive and Heights Boulevard - mostly known as the West 19th Shopping District, but proudly considered “the downtown of the Heights” by residents. The District hosts unique Heights community events such as the monthly First Saturday Art Market and the annual White Linen Night.
Heights alcohol ban liftedHeights residents voted in November 2016 to lift the Prohibition-era ban on stores selling beer and wine in a “dry zone” that extended from W. 27th St. in the south to White Oak Bayou in the north and from Lawrence and Dian in the east to Oxford in the west. Lifting this restriction has led to increased development in the Heights, particularly the addition of quality grocery stores, mainstream retail, and fashionable restaurants.
W. 19th Street Shopping District
“Downtown of the Heights” W 25TH ST
W 26TH ST
W 27TH ST
W 24TH ST
W 23RD ST
W 22ND ST
W 21ST ST
W TC JESTER BLVD
W 2
0TH
ST
W 19
TH ST
W 18TH
STASHLAND ST
RUTLAND ST
NICHOLSON ST
N SHEPHERD DRN DURHAM DR
GARDEN OAKSHOME VALUES UP TO $1.99MSHADY ACRES
HOME VALUES UP TO $899K
GREATER HEIGHTSHOME VALUES UP TO $2.3M
Crossfit H-Town IIThroughgood Coffee
Krisp Bird & Batter
Eureka Heights Brew CoStudio FitnessKraftsmen Baking
Future Retail DevelopmentBig Star BarCedar Creek
King's BierHaus
Providence Heights BarHubcap Grill The BootMcIntyre's
Holden HeightsFuture MF DevelopmentOne eight-story, 275-unit complex
One six-story, 63-unit complex
Braun Enterprises17,962 Total SF RetailYoga studio Two ~5,000 SF restaurants
St. Joseph Medical Center
Heights Market Trail
SITE SITE
Opening Fall 2018
Area Highlights
12±9.86 ACRES IN THE HOUSTON HEIGHTS
0.5 MILESHEPHERD DR
DURHAM DR
HEIGHTS BLVD
TC JESTER BLVD
W 20TH ST W CAVALACADE ST
E 11TH ST
WHITE OAK DR
Memorial Hermann Hospital
LAZYBROOK/TIMBERGROVEHome Prices up to $717K
COTTAGE GROVEHome Prices up to $552K
WOODLAND HEIGHTSHome Prices up to 1.6M
SHADY ACRESHome Prices up to $627K
GREATER HEIGHTSHome Prices up to $2M
EAST HEIGHTSHome Prices up to $1.4M
Heights Market Trail
Heights Blvd Trail
W. 19th Street Shopping District
Future
Heights Hike & Bike Trail
White Oak Bayou Trail
MEMORIAL PARK
STUDE PARK
DONOVAN PARK
LAWRENCEPARK
LOVEPARK MILROY
PARK
MONTIE BEACH PARK
MARMION PARK
HALBERTPARK
WRIGHT-BEMBREY
PARK
WHITE OAK PARK
WOODLANDPARK
W 11TH STPARK
JAYCEE PARK
LITTLE THICKET
PARK
±9.86 ACRES
Memorial Park Heights Hike & Bike Trail Donovan Park White Oak Bayou Greenway White Oak Bayou Bridge
Area Highlights: Parks & Recreation
13±9.86 ACRES IN THE HOUSTON HEIGHTS
Toyota Center • Home of the NBA’s Houston Rockets• The Toyota Center has a total of 750,000 square feet,
with 18,300 seats available for basketball, 17,800 for hockey, and 19,000 for concerts, including 2,900 club seats and 103 luxury, courtside seats
Minute Maid Park • Home of the Houston Astros and Houston Aeros pro-
fessional sports teams• Built in the year 2000, Minute Maid Park has a 242-foot
high retractable roof• Minute Maid Park has a gross square footage of 28.97
acres, a total square footage of 1,263,240, and a total of 40,963 seats
GreenStreet• Three-block, 570,000-square-foot mixed-use destina-
tion with shopping, entertainment and dining• III Forks, McCormick & Schmick’s, House of Blues,
Lucky Strike • Hosts NRG’s regional headquarters, one of the nation’s
largest energy providers• 90,000 square feet of collaborative office space with
easy access to transit and parking• Home of the Hotel Alessandra – a new 223-room luxury
hotel which opened in 2017
Discovery Green Park• Two-acre picnic lawn with one-acre lake, jogging trail,
performance stage, two dog parks, and multiple gar-dens
• Served as the planned entertainment zone, or “Super Bowl El Centro,” for the 2017 Super Bowl
George R Brown Convention Center• 1.9 million SF• $253 million economic impact• Fronted by Avenida de las Americas, a boulevard
running from Minute Maid Park to Hilton Ameri-cas-Houston, which features five restaurants and festival and event space
Houston Theater District• The Houston Theater District, an impressive 17-block
cultural and entertainment center, is the second largest performing arts district in the U.S. next to Broadway in New York City
• Nine performing arts organizations with more than 12,900 seats for live performances
• Includes 130,000 square foot Bayou Place entertain-ment complex offering popular restaurants, movies, and parks
• More than two million visitors annually• Venues include: Alley Theater, Wortham Theater Center,
Hobby Center, Sundance Cinemas, Jones Hall & Jones Plaza, House of Blues, Houston Ballet, Bayou Music Center
Top Employers
Employer # Employees
Chevron 8,600
Shell Oil Company 7,000
Chase Bank 4,892
CenterPoint Energy 3,826
KBR 2,958
NRG/Reliant Energy 2,300
ExxonMobil Corporation 2,200
Hess 2,000
Kinder Morgan 1,860
Deloitte 1,700
Enterprise Products Partners 1,360
Ernst & Young 1,300
Waste Management, Inc. 1,270
PriceWaterhouseCoopers 1,236
LyondellBasell Industries 1,200
MINUTE MAID PARK
GEORGE R BROWN CONVENTION CENTER
TOYOTA CENTER
Employment• Over 150,000 employees• Over 3,000 businesses and 50.4 million SF office
space • Class A office occupancy at 85.6%• 754,000 SF of office space is under construction• Hosts 20 of Houston’s 26 Fortune 500 companies; 9
have their headquarters in Downtown Houston
Entertainment & Attractions• Over ten million people visit Downtown annually• 22 hotels and 7,300 hotel rooms• 9 major performing arts organizations• 2 million SF retail space• Over 300 restaurants, coffee shops, and bars, includ-
ing the renowned Xochi, Potente and Local Foods
Downtown Houston3.5 miles from the Property
14±9.86 ACRES IN THE HOUSTON HEIGHTS
Office developments• Skanska resumed construction on Capitol Tower, its
35-story 754,000 SF office tower at 811 Rusk; the lead tenant, Bank of America, preleased 210,000 SF and has acquired the naming rights for the tower
• Chevron’s 1500 Louisiana is undergoing a $10 million renovation as part of the company’s relocation of around 900 employees from its Bellaire campus
• Global co-working giant WeWork will open its first Houston location Downtown soon in The Jones at Main at 708 Main; WeWork will occupy 86,000 SF, housing over 1,400 of its members; the facility will accomodate a range of companies (individuals, startup firms and entrepreneurs) and provide private office space for 120+ employees of companies that require a regular presence in Houston
• Hines unveiled its twenty-first tower in the Houston skyline, 609 Main, at a grand opening on May 17; Hines is the building’s first tenant and moved into their new Southwest regional office on the 44th floor on April 22; the building is 60 percent leased
New retail & restaurant openings • A new nanobrewery, 160ft Beerworks • Bud’s Pitmaster BBQ opened at 1001 Avenida de Las
Americas• Cake Life Co., a local bakery that specializes in custom
cakes• The Conservatory Food Hall and Beer Garden at 1010
Prairie added new food and beverage vendors this spring—Arte Pizzeria from pastry chef Kelsey Hawkins; Mars Bakery, a doughnut and pastry bar; and Noble Rot Wine Bar, a “boutique wine bar”
• LAUNCH, a collaborative pop-up shop returned Down-town on April 1, featuring new local designers and artisans
• Stack Burger, a casual restaurant and burger stand is open at 703 St. Joseph Pkwy
• The Tipping Point, Downtown’s first and only creative lifestyle destination
2Q 2017Downtown Houston Market Report 4
RETAIL HIGHLIGHTS
9new retailers
Market Overview
RETAIL (CONTINUED) The Tipping Point, Downtown’s first and only cre-ative lifestyle destination, is open in the Historic W. L. Foley Building at 214 Travis Street. Locally owned and operated by native Houstonians since 2007, the store curates a select collection of limited-edition footwear, books, art, apparel, music, and accessories that are a reflection of their creative lifestyle. (Website)
COMING SOON:B&B Butchers owner, Benjamin Berg, will be opening Benjamin’s, a new 16,000 SF world-class restaurant on the ground and mezzanine floors of The Star apartment building at 1111 Rusk. The new restaurant is expected to open towards the end of summer 2018. (Chronicle, HBJ, RNR)
Café Cosmopolita will be opening on the ground floor of SkyHouse Houston at 1625 Main Street in mid-September. The independent specialty coffee shop with a modern and international theme will serve high quality espresso based drinks, coffee, tea, pastries, breakfast sandwiches and other beverages.
Finn Hall is set to open in early 2018 at 712 Main in The Jones on Main. The 20,000-SF food hall will feature a dozen chef-driven food outlets, a craft beer and curated wine bar, an art deco cocktail lounge, and private spaces. The food hall will serve breakfast, lunch and dinner. (Chronicle, HBJ)
High & Dry, a new rum bar set to serve up an “urban oasis” will be opening on the second floor of 306 Main Street. (Houston Eater)
An upscale white table cloth full-service restaurant, Lucienne, and lobby bar, Bardot, are planned on the second floor of the new Hotel Alessandra. The restau-rant will feature Mediterranean cuisine from countries such as Portugal, Greece, France and Spain and seat about 100. (Chronicle)
Celebrity Chef Bryan Caswell, the chef-owner of Reef, El Real, and Little Bigs plans to open a new restaurant, Oxbow 7, on the ground floor of the new Le Méridien hotel at 1121 Walker St., and a rooftop bar, Hoggbirds on the 22nd floor. The restaurant and bar are expected to open along with the hotel on August 22. (HBJ, culturemap, Website)
Owners of Montrose coffee shop Blacksmith, Morning-star and Greenway Coffee & Tea plan to open Prelude Coffee and Tea inside 609 Main's lobby. (HBJ)
Dallas-based restaurant and bar concept by Pat Green and FreeRange Concepts, The Rustic, will open its first Houston location Downtown at 1836 Polk St., next to the George R. Brown Convention Center. The 25,000-SF restaurant and bar is expected to open in the summer of 2018 and create more than 200 Houston jobs. (HBJ)
The Tipping Point
THE TIPPING POINT
LAUNCH POPUP SHOP 160FT BEERWORKS
Other developments & updates• The new 21-dock BCycle station, Downtown’s
fifteenth location, was installed at the Jury Assembly Building located at 1202 Franklin Street in June 2017
• Uber Technologies Inc. and Cameron Manage-ment have named the Esperson Building as a designated pickup and dropoff building
• Construction on the new Downtown campus of the High School for the Performing and Visual Arts (HSPVA) has topped out and the new HSPVA campus is on track for completion in the fourth quarter of 2018
• The Lee and Joe Jamail Skatepark at Buffalo Bayou Park has reopened after a $2 million renovation
RENDERING: FINAL DESIGN OF HIGH SCHOOL FOR THE PERFORMING AND VISUAL ARTS (HSPVA)
RENDERING: HOTEL ALESSANDRA AND THE GREENSTREET REDEVELOPMENT
Downtown Houston3.5 miles from the Property
15±9.86 ACRES IN THE HOUSTON HEIGHTS
FOUR OAKS PLACE - UPTOWN DISTRICT
THE GALLERIA MALL
Employment• Occupies 500 acres and is the 15th largest business
district in the U.S.• 26 million total square feet of commercial office space• Class A occupancy rate remains at a steady 90%
throughout the year• Over 16 million square feet of Class A office space • 13% of Houston’s total “Class A” office space, second
only to Downtown Houston)• Hosts over 82,000 employees and 2,000 companies,
including Fortune 500 companies Apache, Spectra Energy, and Marathon Oil
Retail & Hospitality• Home to the largest number of couture retailers
in the city, including Versace, Yves Saint Laurent, Giorgio Armani and Bulgari
• 55% of residents within a three-mile radius earn over $75,000 annually
• Six million square feet of retail space and more than 1,000 stores
The Galleria Mall• Three million-square-foot, mixed-used site on 52
acres• Fourth largest retail complex in the United States • Hosts more than 30 million visitors annually,
making it the number one shopping and tourist attraction in Houston
• Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen, and Houston’s only Nordstrom
Hospitality• Over 30 million people visit the District every year• 34 hotels with over 7,800 hotel rooms (more full
service hotels than any other district in Houston) • Highest hotel occupancy rate in Houston• Nearly 10% of Houston’s total hotel rooms
New Developments
• In 2016 the Galleria opened a new 198,000-square-foot Saks Fifth Avenue
• A high-rise 30-story residential tower is also planned, with 225 hotel rooms and 75 to 10 condo-miniums
• Recently added a 180-foot-long retail corridor for high-end boutiques called “Galleria IV”; most shops opened in the second quarter of 2017
Top Employers
Apache Corporation
BBVA Compass Bank
Bechtel Corporation
BHP Billiton
Cambridge Energy Research Associates, Inc.
Clear Channel Communications
Datacert, Inc.
Goodman Global Group, Inc.
Hines
Landry’s
LiveNation
Marathon Oil
S&B Infrastructure, Ltd.
Schlumberger Limited
Spectra Energy
Stewart Information Services Corporation
Engie (prev. GDF SUEZ)
TeleCheck International, Inc.
Williams
Uptown District/The Galleria4.5 miles from the Property
16±9.86 ACRES IN THE HOUSTON HEIGHTS
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terin
g in
to a
n ag
reem
ent
with
the
ow
ner, u
sual
ly t
hrou
gh a
w
ritte
n -
listin
g ag
reem
ent,
or b
y ag
reei
ng t
o ac
t as
a
suba
gent
by
acce
ptin
g an
offe
r of
sub
agen
cy fr
om the
lis
ting
brok
er.
A su
bage
nt m
ay w
ork
in a
diff
eren
t rea
l es
tate
offi
ce.
A li
stin
g br
oker
or
suba
gent
can
ass
ist
the
buye
r bu
t do
es n
ot
rep
rese
nt t
he b
uyer
and
m
ust pl
ace
the
inte
rest
s of
the
ow
ner
first
. Th
e bu
yer
shou
ld n
ot t
ell t
he o
wne
r’s a
gent
any
thin
g th
e bu
yer
wou
ld
not
wan
t th
e ow
ner
to
know
be
caus
e an
ow
ner’s
ag
ent
mus
t di
sclo
se
to
the
owne
r an
y m
ater
ial i
nfor
mat
ion
know
n to
the
agen
t.
IF T
HE
BR
OK
ER R
EPR
ESEN
TS T
HE
BU
YER
:Th
e br
oker
bec
omes
the
buy
er’s a
gent
by
ente
ring
into
an
agre
emen
t to
rep
rese
nt t
he b
uyer
, us
ually
th
roug
h a
writ
ten
buye
r re
pres
enta
tion
agre
emen
t. A
buye
r’s ag
ent
can
assist
th
e ow
ner
but
does
no
t re
pres
ent
the
owne
r an
d m
ust
plac
e th
e in
tere
sts
of
the
buye
r fir
st.
The
owne
r sh
ould
not
tel
l a
buye
r’s
agen
t an
ythi
ng t
he o
wne
r w
ould
not
wan
t th
e bu
yer
to k
now
bec
ause
a b
uyer
’s a
gent
mus
t di
sclo
se t
o th
e bu
yer an
y m
ater
ial i
nfor
mat
ion
know
n to
the
agen
t.
IF T
HE
BR
OK
ER A
CTS
AS
AN
IN
TER
MED
IAR
Y:A
brok
er m
ay a
ct a
s an
int
erm
edia
ry b
etw
een
the
part
ies
if th
e br
oker
com
plie
s w
ith T
he T
exas
Rea
l Es
tate
Licen
se A
ct. T
he b
roke
r m
ust o
btai
n th
e w
ritte
n co
nsen
t of
eac
h pa
rty
to t
he t
rans
actio
n to
act
as
an
Ap
pro
ved
by
the
Texa
s R
eal E
stat
e C
omm
issi
on f
or V
olu
nta
ry U
se
Texa
s la
w r
equi
res
all r
eal e
stat
e lic
ense
es t
o gi
ve t
he fol
low
ing
info
rmat
ion
abou
t br
oker
age
serv
ices
to
pros
pect
ive
buye
rs,
tena
nts,
sel
lers
and
land
lord
s.
Info
rmat
ion
Abo
ut B
roke
rage
Ser
vice
s
Rea
l est
ate
licen
see
asks
tha
t yo
u ac
know
ledg
e re
ceip
t of
thi
s in
form
atio
n ab
out
brok
erag
e se
rvic
es f
or t
he li
cens
ee’s
rec
ords
.
inte
rmed
iary
. The
writ
ten
cons
ent m
ust st
ate
who
will
pay
the
brok
er a
nd, i
n co
nspi
cuou
s bo
ld o
r un
derli
ned
prin
t, se
t fo
rth
the
brok
er’s
oblig
atio
ns
as
an
inte
rmed
iary
. Th
e br
oker
is
requ
ired
to t
reat
eac
h pa
rty
hone
stly
and
fai
rly a
nd t
o co
mpl
y w
ith T
he
Texa
s Re
al E
stat
e Li
cens
e Ac
t.
A br
oker
who
act
s as
an
inte
rmed
iary
in a
tran
sact
ion:
(1)
shal
l tre
at a
ll pa
rtie
s ho
nest
ly;
(2)
may
not
disclos
e th
at t
he o
wne
r w
ill a
ccep
t a
price
less
tha
t th
e as
king
pric
e un
less
aut
horiz
ed i
n w
ritin
g to
do
so b
y th
e ow
ner;
(3)
may
not
disclos
e th
at t
he b
uyer
will p
ay a
pr
ice g
reat
er t
han
the
price
sub
mitt
ed in
a w
ritte
n of
fer
unle
ss a
utho
rized
in w
ritin
g to
do
so b
y th
e bu
yer;
and
(4)
may
not
disc
lose
any
con
fiden
tial i
nfor
mat
ion
or
any
info
rmat
ion
that
a p
arty
spe
cifica
lly i
nstru
cts
the
brok
er i
n w
ritin
g no
t to
disc
lose
unl
ess
auth
orize
d in
w
ritin
g to
disc
lose
the
info
rmat
ion
or re
quire
d to
do
so b
y
The
Texa
s Re
al E
stat
e Lice
nse
Act
or a
cou
rt or
der
or if
th
e in
form
atio
n m
ater
ially
rel
ates
to
the
cond
ition
of t
he
prop
erty
.
With
th
e pa
rtie
s’
cons
ent,
a br
oker
ac
ting
as
an
inte
rmed
iary
bet
wee
n th
e pa
rtie
s m
ay a
ppoi
nt a
per
son
who
is
licen
sed
unde
r Th
e Te
xas
Real
Est
ate
Lice
nse
Act
and
asso
ciat
ed w
ith t
he b
roke
r to
com
mun
icat
e w
ith
and
carr
y ou
t in
stru
ctio
ns
of
one
part
y an
d an
othe
r pe
rson
who
is
licen
sed
unde
r th
at A
ct a
nd
asso
ciat
ed w
ith t
he b
roke
r to
com
mun
icat
e w
ith a
nd
carr
y ou
t ins
truc
tions
of t
he o
ther
par
ty.
If y
ou c
hoos
e to
hav
e a
brok
er r
epre
sent
you
, yo
u sh
ould
ent
er i
nto
a w
ritte
n ag
reem
ent
with
the
br
oker
tha
t clea
rly e
stab
lishe
s th
e br
oker
’s o
blig
atio
ns
and
your
obl
igat
ions
. T
he
agre
emen
t sh
ould
sta
te
how
and
by
who
m t
he b
roke
r w
ill b
e p
aid.
You
hav
e th
e rig
ht t
o ch
oose
the
typ
e of
rep
rese
ntat
ion,
if a
ny,
you
wish
to rec
eive
. You
r pa
ymen
t of a
fee
to a
bro
ker
does
no
t ne
cess
arily
es
tabl
ish
that
th
e br
oker
re
pres
ents
you
. If y
ou h
ave
any
ques
tions
reg
ardi
ng
the
dutie
s an
d re
spon
sibi
litie
s of
th
e br
oker
, yo
u sh
ould
res
olve
thos
e qu
estio
ns b
efor
e pr
ocee
ding
.
Buy
er,
Sel
ler,
Lan
dlor
d or
Ten
ant
D
ate
Texa
s Re
al E
stat
e Br
oker
s an
d Sa
lesp
erso
ns a
re li
cens
ed a
nd r
egul
ated
by
the
Texa
s Re
al E
stat
e Co
mm
issi
on (
TREC
). I
f you
hav
e a
ques
tion
or c
ompl
aint
re
gard
ing
a re
al e
stat
e lic
ense
e, y
ou s
houl
d co
ntac
t TRE
C at
P.O
. Box
121
88, A
ustin
, Tex
as 7
8711
-218
8 ,
512-
936-
3000
(ht
tp:/
/ww
w.t
rec.
texa
s.go
v)
T
REC
No.
OP-
K
17
777 POST OAK BLVDHOUSTON, TEXAS 77056
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