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
Fall Philanthropy Report: Urban Harvest Farmers Market Helps ‘Transform Food Accessibility’

What year was your organization launched? Urban Harvest’s Saturday Farmers Market started in 2004 with just seven vendors, providing an outlet for local farms, community and backyard gardeners to sell fresh produce harvested directly from their soils. Now in its 20th year, the market has grown to be one of the largest markets in Texas, supporting over 100 local farmers, ranchers, and food artisans all from within 180 miles of Houston. The market draws 3,000 customers every Saturday morning and includes many original vendors like Animal Farm, Atkinson Farms, and Wood Duck Farm.

Keep Reading Show less

AS WE MOVE into Movember, men’s mental health is a big topic. In fact, men can get a lot of benefit, both mentally and physically by taking advantage of everything a spa has to offer. LeBrina Jackson, owner of Escape Spa, has the answers

How does Escape Spa cater to men? We designed Escape Spa to ensure both men and women feel comfortable and welcome. From our earth tones to our luxury brown unisex robes, this is not a pampering palace but a rejuvenation destination.

Keep Reading Show less

Jessica and Ryan Getz, Grace Ward

HOUSTON NONPROFIT Dec My Room threw a country-music-filled bash at House of Blues, where supporters two-stepped the night away and raised record-breaking proceeds, which will be used to decorate and customize hospital rooms of pediatric and young-adult patients all over the country. To date, the organization has improved the attitudes and healing process of 18,000 patients in nearly 200 hospitals.

Keep Reading Show less
Parties