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
‘Embrace Changes,’ Says Valobra, Whose Namesake Jewelry Store Has Become a Houston Institution
How did you get to where you are today? I had little choice in the matter; I grew up being trained to become the fourth-generation jewelry designer behind my great grandfather, grandfather, and father. It was my duty to carry on the family business and continue the hard work and success they built from nothing, beginning in Torino, Italy in 1905. I was surrounded by jewelry and its craftmanship as a young child and was taught the business from a very young age.
Keep Reading Show less

HOW DO YOU get more than a million streams, two singles in the Top 40 on the Texas Regional Radio Report Chart, and Grammy-winning Country music superstar Brad Paisley to play on your album? Practice! Just ask Katy native and up-and-coming singer and guitar slinger Hayden Baker.

Keep Reading Show less
Art + Entertainment

Surf lessons are taught by handsome Australian instructors

THE PERSONAL SERVICE starts as soon as guests clear customs at the Maldives’ Malé Velana international airport. Visitors are whisked away in a speedboat to the Gili Lankanfushi resort, reminiscent of the opening scene of a new White Lotus season. While sipping a ginger juice, guests’ shoes are taken off and feet are cleaned. Then they’re handed back their belongings, in a bag labeled “No news, no shoes” — Gili’s mantra.

Keep Reading Show less
People + Places