Village Arcade

Village Arcade sign

The Village Arcade Shopping Center is a shopping center in Rice Village, Houston, Texas owned by Rice University.

History

The center was developed in phases in the early 1990s.[1] The buildings of the Village Arcade complex were owned by Weingarten Realty while a subsidiary of Rice University owned the land itself.[2] Weingarten had a ground lease with options to renew the center until 2040.[1]

David Kaplan of Cite. wrote in 1996 that the development "has become a lightning rod of controversy, representing either the glories or the perils of progress."[3] Kaplan stated that the Rice Village development paralleled the teardowns of smaller older houses and replacements with larger houses in surrounding neighborhoods.[2]

In 2014 Rice University announced that it was acquiring the Village Arcade shopping center from Weingarten Realty. Rice University opted to buy Weingarten out of its lease, paying $55–60 million. This means the university also owns the property in addition to the land.[4]

Composition

Village Arcade

The Village Arcade is a pink brick shopping center.[5] The Village Arcade occupies an area bounded by Kirby Drive, Amherst, Morningside, and University. The development also occupies most of the block bounded by Kelvin, Amherst, Times, and Morningside.[2] Kaplan wrote that compared to other developments in Rice Village, it is a "monolith".[2]

Tenants

As of 2013 it includes tenants such as Banana Republic, The Gap, La Madeleine, and Starbucks.[1]

As of 2001 The Gatsby Social Club, previously the Cody's in the Village, is located on the complex's top floor.[6]

As of 1996 it includes national chains such as Eddie Bauer, Express, Gap, Starbucks, Structure, and Victoria's Secret.[5]

References

Notes

  1. 1 2 3 Sarnoff, Nancy. "Rice to take control of Village Arcade." Houston Chronicle. February 14, 2014. Retrieved on April 14, 2014.
  2. 1 2 3 4 Kaplan, p. 19.
  3. ↑ Kaplan, p. 18-19.
  4. ↑ Sarnoff, Nancy. "Rice to take control of Village Arcade." Houston Chronicle. February 14, 2014. Retrieved on February 16, 2014.
  5. 1 2 Kaplan, p. 18.
  6. ↑ Lindsey, Craig D. "Tender Is the Nightlife." Houston Press. February 8, 2001. Retrieved on April 15, 2014.

Coordinates: 29°42′58″N 95°24′58″W / 29.71608°N 95.41621°W / 29.71608; -95.41621

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.