July 1, 2013
River Oaks District Readies for Groundbreaking
By Amy Wolff Sorter
The Houston Business Journal reports that developer OliverMcMillian of San Diego is ready to launch construction on its mixed-use River Oaks District today. Originally unveiled in 2007, plans for the 14-acre, 650,000-square-foot development were put on the back burner during the recession and financial downturn.
The development on Westheimer will include 252,000 square feet of retail, restaurants, cafes and an eight-screen iPic Theaters cinema; 92,000 square feet of boutique office space and 279 residential units. All-in costs are estimated at $450 million.