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Giant Uptown Park makeover begins with deal to build luxury rental tower

Uptown Park sign
Uptown Park shopping center, located along Loop 610 at Post Oak Boulevard.
Uptown Park Baker store
The "Baker site," where the new luxury rental tower will be built after demolition of the existing building.
Uptown Park rendering April 2014
A rendering of Uptown Park as displayed on the AmREIT website shows a pedestrian-friendly, mixed-used center.
Uptown Park aerial view of full master plan
An early aerial view of the full master plan for Uptown Park.
Uptown Park sign
Uptown Park Baker store
Uptown Park rendering April 2014
Uptown Park aerial view of full master plan

A 26-story luxury rental tower with 250 units marks the first inked deal in the $1.2 billion redevelopment of Uptown Park shopping center. Patrinely Group recently signed the agreement with AmREIT, the owner of Uptown Park, to build the $90.7 million structure on what is called the "Baker site," according to a report in the Houston Chronicle. The project includes the apartments as well as ground-floor retail and underground parking.

That 1.118 acres on the northwest portion of Uptown Park includes the building occupied by several retailers, including Baker, an upscale designer and manufacturer of home furnishings; Peluche Decor and Bella Rinova.

Construction is scheduled to being next year with no completion date announced. AmREIT officials did not return several phone calls to CultureMap for more information on the tower.

The $1.2 billion transformation, announced by AmREIT officials in February, will turn Uptown Park into a denser urban development that will include several high-rise residential towers, office buildings, a hotel and more retail space. The existing one-story shops and restaurants will be demolished at a gradual pace and replaced with taller buildings that yield more revenue. The transformation of the 17-acre center is expected to take years.

Uptown Park was developed by Interfin and purchased by AmREIT in 2005. The center's current tenants include McCormick & Schmick’s, M Penner, Elizabeth Anthony, Crave Cupcakes, Café Express and about 40 other stores and eateries in the 169,000 square feet of retail space.

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