Find in the news:
BY COUNTRY

Check Out The New Luxury Wing At The Houston Galleria



A stunning new $250 million Galleria VI wing recently debuted to rave reviews.
While some malls struggle to adapt to the changing retail environment, others continue to thrive in spite of any challenges thrown their way. Of course, an excellent location gives some landlords a leg up on the competition, but there’s also a lot to be said for remaining proactive regardless of circumstances. Industry giant Simon Property Group continues to successfully demonstrate that concept, as the company is in the midst of a broad investment strategy to galvanize its portfolio. 

The Houston Galleria

As the Houston Chronicle shares, part of that investment has taken place at the Houston Galleria. A stunning new $250 million Galleria VI wing recently debuted to rave reviews. The luxury wing of the popular mall, which includes 35 new shops and several restaurants, is anchored by Saks. Floris van Dijkum, a senior analyst with investment firm Boenning & Scattergood, explains that the Galleria remains a shining example of the possibilities that remain in the shopping mall industry.   

"There's this whole theory that the mall is going dead, but if you walk the Galleria, you know that's not the case," he said, adding that "We think this is one of the best uses of capital a real estate company can have."

Simon Malls president John Rulli explains that the new luxury wing was in response to the demand from shoppers in the area, and signs point to it being a big hit. 

"Challenges in the retail industry have not caused us to change our approach as it has for many others in the industry. We are constantly curating our mix," he said. "As home to one of the top-performing Saks Fifth Avenue stores in the country, it became clear that there was demand for a deeper mix of luxury brands."

Christopher Lane, the Galleria's director of marketing and business development, notes that retailers continue to flock to this thriving retail mecca in the Houston area. The new wing should attract even more interest, as it helps to confirm that shoppers are more than willing to spend in brick-and-mortar establishments when the right retail mix of is offered up to them.    
 
"Retailers want to be here," he said. "It has sort of a halo effect."

While the Galleria certainly benefits from being smack dab in the middle of one of the largest metro areas in the United States, landlords and property developers in every market can use the success of the property as a template. If you successfully curate a mix of stores and restaurants that consumers in your area crave, there’s a solid chance that they’ll come out in droves. 

Related shopping malls and stores:

More about shopping malls in the USA



DAY BEFORE YESTERDAY, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
DAY BEFORE YESTERDAY, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Jul 28, 2021, United Kingdom:
Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Jul 28, 2021:
Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
Jul 27, 2021, United Kingdom:
The chain of luxury department stores, founded in 1909, may change ownership.
Jul 20, 2021, USA:
LVMH will acquire a controlling stake in Off-White, with its founder retaining 40%.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us