By Betsy Denson
The 200,000-square foot shopping center on the former Exxon campus at 4500 Dacoma St. now has several stores open with more coming.
Construction manager Kevin Harris with Houston-based Fidelis Realty Partners said Burlington and Five Below are already open. The Five Below store was its 1,000th in the U.S.
Harris said Ross and Old Navy plan to open in October with ULTA Beauty, TJ Maxx, Michaels and Rack Room Shoes coming in 2021. Floor & Décor and Bath & Body Works are two other signed tenants whose opening plans are to be announced.
Pappas may come to Luby’s rescue
The Houston Chronicle first reported that Houston restaurateurs Christopher and Harris Pappas have filed paperwork in a move which could result in them buying Luby’s, the iconic cafeteria chain that was set to dissolve per a recent vote by its board of directors.
The restaurateurs who own Pappadeaux Seafood Kitchen, Pappasito’s Cantina and Pappas Bros. Steakhouse have filed paperwork with the Securities and Exchange Commission to assess a potential purchase.
No word on how the turn of events might affect the area location. Although some sites have already closed, the Luby’s at 11250 Northwest Fwy. remains open.
Still leasing at 2001 West 34th St.
Braun Enterprises is advertising two more spaces for rent at its 2001 West 34th St. development. Signed tenants include F45, Valencia’s Tex-Mex Garage, The 401 Table and Tap, a dental office and Citizen Pilates.
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Decline in apartment market
A Realty News Report news release says the latest numbers from ApartmentData.com, a firm that tracks performance of the multifamily market, show falling rents and occupancy stagnation in Houston.
The September 2020 numbers show the apartment occupancy rate at 89 percent, a level that was the same in July and August. The rate was more than 90 percent a year ago.
The average price of a rental unit at the first of September was $1,044 per month. That’s down from a record high of $1.19 per square foot in the first quarter of 2020, according to CBRE.
Third location for Frio To Go
Frio To Go signed a five-year lease for a 2,800-square foot Daiquiri Shack at 4514 Yale St., according to a Houston Chronicle brief. It will be the company’s third Daiquiri Shack location, after one in Katy and at 5405 T.C. Jester Blvd.
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