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
Thrive & Inspire: Working with Seniors — ‘America’s Best’ — a Joy for Medicare Expert Justin White

Justin White, Founder of Senior Health Services

WHAT IS THE secret to running a successful business? First, you have to have a mission that you care about. I absolutely love helping people understand Medicare! Secondly, I have always succeeded because the agents I work with know that I care for them and truly want them to succeed. I love developing leaders and watching them soar! If I help them get where they want to be, I will never need to worry about me! We all rise together.

Keep Reading Show less

“IN A LOT of Nigerian cultures, there is this idea that nighttime is the time when spirits come out and are alive,” says first-generation Nigerian-American illustrator Briana Mukodiri Uchendu. “The nighttime is when crazy things happen.”

Keep Reading Show less
Art + Entertainment

Composer Lera Auerbach (photo by Raniero Tazzi)

IN A RECENT televised interview with late-night talk show host Stephen Colbert, Australian singer/songwriter Nick Cave eloquently described music as “one of the last legitimate opportunities we have to experience transcendence.” It was a surprisingly deep statement for a network comedy show, but anyone who has attended a loud, sweaty rock concert, or ballet performance with a live orchestra, knows what Cave is talking about.

Keep Reading Show less
Art + Entertainment