Galleria Redevelopment
Houston, Texas
For Sale
Property Type: Land
Property Size: ~1 or ~2 acres
Available Parcels: From approximately 1 acre
OVERVIEW
These redevelopment sites each consist of approximately 1 acre on a prime hard corner ½ block from Galleria entrance (Nordstrom). Both sites are non-restricted as to uses (no zoning) –potential for hotel, retail, office, residential redevelopment is strong in this market. One site currently contains a small retail center with short-term lease and the other contains a hotel with ~300 space parking structure.
According to a recent title search, there is no height restriction, nor density restrictions placed on the land (development is subject to City of Houston ordnance).
The site is in immediate proximity to the Galleria which hosts ~24 Million annual visitors shopping in its over 2.5 million sq. ft. of retail.
Sage Road is home to the area’s newest hotels.
These prime sites present one of the best redevelopment opportunities available in the city of Houston. Situated in the Galleria/Uptown area, it is positioned within immediate proximity to the Galleria Mall. The property is surrounded by quality offices, the city’s most notable retail, national and international hotel chains, and high-end residential.
Viewed as a true urban district within the city, Uptown has a history as a thriving mixed-use area and continues to attract quality occupants as well as visitors.
ECONOMICS
Contact us for pricing.
LOCATION
3055 and 3101 Sage Road, Houston, Texas 77057
The sites are located at the southeast corner of Sage Road and Hidalgo in the Uptown submarket.
