Friday, March 1, 2024
Tilman Fertitta has recently acquired the River Oaks District, a prestigious 13.87-acre hub of luxury retail, office spaces, and residential units located in the heart of Houston’s bustling Uptown/River Oaks area. This acquisition, which includes a blend of high-end retail, dining options, boutique office spaces, and luxury living accommodations, is Fertitta’s second major investment in luxury properties within the last 16 months, with his spending now exceeding a billion dollars, including his previous acquisition of the Montage Laguna Beach. The River Oaks District now joins Fertitta’s portfolio of Houston-based luxury properties, such as The Post Oak Hotel at Uptown, its neighboring high-end restaurants, and Post Oak Motor Cars—a prestigious dealership for Bentley, Rolls-Royce, and Bugatti—enhancing the synergy between these prime Houston landmarks.
Currently, the River Oaks District is a home for over 300,000 square feet of luxury retail space, more than 67,000 square feet of prime office space, and 279 top-tier apartment units. It hosts an array of the finest retail and iconic luxury brands worldwide, including Hermes, Cartier, Rolex, and Dior, among others, establishing itself as a center for globally esteemed brands. Additionally, it attracts leading fine dining and service-oriented businesses, with several first-to-market brands like Stefano Ricci and Biologique Recherche set to open soon.
“Adding River Oaks District to our Post Oak Hotel family of offerings seamlessly complements the curated experience we have created for the luxury-seeking consumer,” said Fertitta. “This is the perfect moment in time to add this premier mixed-use development to our luxury portfolio, creating incredible cross-promotional opportunities and elevating the standard for luxury dining and shopping for Houstonians and international travelers alike.”
The Post Oak Hotel at Uptown is recognized as a beacon of luxury hospitality not just in Houston but globally, continuously earning the Forbes Travel Guide’s Five-Star rating for four consecutive years and standing as Houston’s only Forbes Five-Star hotel. It’s also celebrated by U.S. News & World Report as the top hotel in Houston and one of the best in the U.S. and Texas.
Fertitta’s acquisition of River Oaks District signals a promising future for the area, with plans to introduce select retail and dining concepts, further enhancing its status through strategic leasing and development initiatives.
Wednesday, May 1, 2024
Wednesday, May 1, 2024
