Houston Pavilions
From Wikipedia, the free encyclopedia
Houston Pavilions is a proposed commercial development in Downtown Houston, Texas. Original plans to include residences were scrapped.
The project possesses an estimated cost of 200 million United States dollars and is expected to contain almost 500,000 square feet of space, including 350,000 square feet of retail space in the first two levels of the development [1]. The project will cover three 1.4 acre city blocks. As of November 16, 2006, 50% of the retail space had been leased. Plans to include 200,000 square feet of residential space were eliminated by November 2006.
The Houston Chronicle reported that the Pavilions will provide around 1,800 to 2,000 full- and part-time jobs.
Geoffrey Jones and William Denton served as the co-developers of the project.
Construction was scheduled to begin in Spring 2006 [2], with the first developments opening in the fourth quarter of 2007.
Entertainment Development Group, the developer, created the Denver Pavilions in Denver, Colorado.
To finance the development, developers obtained a construction loan from North Houston Bank, an $8,800,000 development grant for infrastructure improvements from the city of Houston, and $5,500,000 from Harris County.
[edit] External links
- Houston Pavilions Project Page
- [3] Houston Chronicle article "Pavilions developers change residential design"
