BLVD Place is a mixed-use development located in Uptown Houston, Houston, Texas, United States, encompassing 20 acres at the intersection of Post Oak Boulevard and San Felipe.
 | |
| Location | Houston, Texas, United States |
|---|---|
| Coordinates | 29°44′56″N 95°27′47″W / 29.749°N 95.463°W |
| Opening date | 2009 (Phase 1) |
| Developer | Wulfe & Co. |
| Management | Whitestone REIT |
| Architect | AECOM[1] |
| Total retail floor area | 124,644 sq ft (11,579.8 m2) retail 92,234 sq ft (8,568.8 m2) office |
| Website | blvdplace |
The development is the largest in Uptown with over 1.8 million square feet with 124,644 sq ft (11,579.8 m2) of retail space and 92,234 sq ft (8,568.8 m2) of office space. BLVD Place is home to Whole Foods Market and numerous upscale shops, boutiques, and restaurants.[2] Phase II of the development contains about 211,000 sq ft (19,600 m2) of retail, restaurant, and office space, and is 99.9% leased. Phase I, including 70,000 sq ft (6,500 m2) of retail and office space, was completed in 2009.[3] It is located on the former site of a strip mall and a 1972 mall originally called the Saks Fifth Avenue Center of Fashion (later "Pavilion at Post Oak").[4]
History
editBy 2005, Wulfe & Co. owned a strip mall at the south end of the current BLVD Place, then acquired the Pavilion at Post Oak mall occupying the north end of the site. The mall, which originally went by the glamorous name of Saks Fifth Avenue Center of Fashion, had long been in decline, especially since losing its anchor department store, Saks Fifth Avenue, in 1997 when Saks moved to a new $50 million location in The Galleria less than a mile away. In 2005 Wulfe announced its plans to demolish the Pavilion and use both parcels to create BLVD Place in phases.[5][4] The mall site is roughly the location of BLVD Place 6, and has the mall's old address, 1800 S. Post Oak.
The Hanover Co. constructed a 29-story high-rise residential tower in BLVD Place, known as Hanover Post Oak, on 1.2 acres (0.49 ha) at the southwest corner of Post Oak Lane and San Felipe.[6][7]
In May 2012, Energy company Apache Corporation, currently headquartered nearby at Post Oak Central, acquired 6.4 acres (2.6 ha) in BLVD Place for their Houston headquarters.[8][9][10]
Frost Bank signed a lease in Phase II of BLVD Place for 53,000 sq ft (4,900 m2). The bank will consolidate its Houston region headquarters into the new space.[3]
In April 2017, the real estate investment trust, Whitestone REIT, announced plans to buy the development for, along with Eldorado Plaza, $204.6 million.[11] The eventually acquired the development for $158 million.[12]
See also
edit
References
edit- ^ "Architecture - Practice Areas - Masterplanning + Urban Design - BLVD Place". AECOM. Retrieved 2012-11-06.
- ^ "Tower to rise near the Galleria" (PDF). Houston Chronicle. Archived from the original (PDF) on 2015-04-16. Retrieved 2012-11-06.
- ^ a b Pulsinelli, Olivia (September 17, 2012). "Construction begins on next phase of Blvd Place mixed-use development - Houston Business Journal". Bizjournals.com. Retrieved November 6, 2012.
- ^ a b "Retail Resurrection: The Death and Rebirth of Saks Pavilion" (PDF). No. 65. Citelines. Rice University. Winter 2005.
- ^ "Pavilion on Post Oak to meet demolition hammer". Houston Business Journal. February 27, 2005. Archived from the original on April 21, 2005. Retrieved October 31, 2023.
- ^ "Hanover Co. plans 29-story high rise in Galleria area" (PDF). Houston Business Journal. Retrieved 2012-11-06.
- ^ "Hanover Company | Upscale Apartment Living". Archived from the original on 2016-03-04.
- ^ "High-rise residential tower announced for BLVD Place - Your Houston News: News". Your Houston News. 2012-10-15. Retrieved 2012-11-06.
- ^ "Apache will be at home in BLVD Place" (PDF). Houston Chronicle. Retrieved 2012-11-06.
- ^ "Apache Buys Galleria Area Land". Chamberofcommerce.com. 2012-06-04. Archived from the original on 2013-01-19. Retrieved 2012-11-06.
- ^ Pulsinelli, Olivia (19 April 2017). "Houston's Blvd Place mixed-use development sold to local REIT, another building planned". blzjournals.com. Retrieved 12 February 2020.
- ^ Kalinoski, Gail (2 June 2017). "Whitestone REIT Completes $158M Acquisition of BLVD Place". cpexecutive.com. Retrieved 12 February 2020.