Fertitta Buys River Oaks District, Expanding Luxury Footprint

Fertitta Buys River Oaks District, Expanding Luxury Footprint

An aerial shot of River Oaks District (photo by Shannon O'Hara)

ACROSS 610 FROM his Post Oak Hotel at Uptown, Tilman Fertitta has just purchased the 14-acre mixed-use River Oaks District development. The acquisition is his second luxury-property purchase in recent months; the Rockets owner bought the Montage Laguna Beach for $650 million in November 2022.


According to a source cited by the Houston Chronicle, Fertitta paid close to $450 million for River Oaks District, which has retail offerings including Cartier, Balmain, Zimmerman, Brunello Cucinelli and Dior, plus more than 67,000 square feet of office space, and 279 apartment units. The development was previously owned by "an entity tied to JPMorgan Asset Management, which bought the center for $550 million in 2016," per the Chronicle.

“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 in a statement. “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 statement touted the "synergy" among Fertitta's award-winning Post Oak Hotel, adjacent Post Oak Motor Cars, his high-end Uptown restaurants, and his latest acquisition of River Oaks District.

River Oaks District (photo by Francisco Ramos)

Style
Meet Brian Boyter, New High-End Residential Broker with an Unique Background

BRIAN BOYTER IS a Houston native with an interesting background in real estate. After an impressive 16-year tenure managing commercial transactions in a Fortune 500 Real Estate Investment Trust, he recently made the shift to high-end residential brokerage. The experience left him uniquely suited to thrive in the sometimes-emotional world of buying or selling a home.

Keep Reading Show less

What year was your organization launched? Founded in Houston in 1947, as the Cerebral Palsy Treatment Center, the organization provided services to individuals with disabilities living in Houston and Harris County. In 1989, the organization changed its name and greatly expanded its services to meet the needs of its clientele. Today as Easter Seals Greater Houston, the organization provides multiple outstanding service programs to children, adults, veterans, and service members with all types of disabilities and their families in Harris and sixteen surrounding counties.

Keep Reading Show less

John Kuykendall, Showroom Manager, Sub-Zero, Wolf and Cove

How did you get to where you are today? Growing up I had envisioned myself as a news anchor, living in NY and enthusiastically saying into the camera “Good Morning America!”. To this day, I am still a news/political junkie. My mother owned fur salons so specialty retail, luxury retail was in my blood through the family business. Eventually, mom shuttered the stores and I was recruited to a large specialty retailer. Over the next 30 years, I was in commissioned sales on the sales floor, became a department manager, worked my way up to buyer and store manager. Although I never became a newscaster, I did live in NYC for a few years. But Texas is home and with aging grandparents, I felt the pull to come back to my roots. A headhunter approached me. I never envisioned myself in the high-end appliance market, but there are so many similarities. Clients want a memorable experience; whether shopping for diamonds and fur or remodeling their kitchen.

Keep Reading Show less