Studio Movie Grill, which is taking 37,940 sf, is pushing toopen by year end on a second floor of the 1.1-million-sf project at800 W. Sam Houston Pkwy. Tuscan Grille and Yard House, bothplanning to open between spring and summer, have taken 9,000 sf and8,531 sf, respectively. The leases average 10 years.

Retail asks are in the low $40 per sf, net, withtenant-improvement allowances averaging $50 per sf for the539,319-sf retail component. "Many of the retailers are spending$175 to $200 per sf and some of the restaurants are spending asmuch as $300 per sf," says Jonathan Brinsden, executive vicepresident and COO for the Houston-based developer, Midway Cos.

Brinsden tells GlobeSt.com that CityCentre is more than 50%committed on the retail side, with most of the big users andrestaurants in place. "Beyond the office, there were three criticalcomponents to this: Lifetime Fitness, the hotel and movietheater," he says. "Those three components really shaped theproject." Following that, he says the team focused on restaurantleasing, with "almost every restaurant we've done either new toHouston or new to Texas."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.