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    Fashion Fight

    Battle of the luxury titans: Galleria lands hot designer as tussle for top tenants heats up

    Clifford Pugh
    Feb 25, 2015 | 4:01 pm

    Perhaps the most heated tussle going on in Houston retail circles right now pits a veteran mall against a newcomer to the scene in a battle to snare luxury tenants. It's a doozie as the established luxury center The Galleria goes head to head with the upstart River Oaks District, which plans a fall opening.

    Céline, the French fashion house that has been revitalized under the direction of designer Phoebe Philo, will open an Houston boutique in The Galleria next year.

    After the River Oaks District late last year announced a stellar list of tenants headed to the new development on Westheimer just inside the 610 loop, the Galleria has come up with a few wild cards of its own.

    On Wednesday, the center, owned by Indianapolis-based Simon Property Group, revealed three new tenants have committed to the luxury mall located at Westheimer and Post Oak.

    The fashion crowd will likely be the most excited with the news that Céline, the French fashion house that has been revitalized under the direction of designer Phoebe Philo, will open an Houston boutique in The Galleria next year.

    The brand, which many look to for the season's inspiration and statement fashion pieces, has recently received a lot of attention for eschewing young models in favor of an ad campaign featuring the noted 80-year-old author Joan Didion.

    The Webster, a chic luxury clothing store in Miami Beach and Bal Harbor, plans to open its first store outside of Florida in a free-standing building currently under construction in The Galleria parking lot facing Westheimer. The store, which carries more than 100 designers of luxury sportswear and ready-to-wear, will be the first tenant in the building, with a planned November opening in a 5,000-square-foot space.

    Inside the mall, La Perla, the luxury Italian lingerie brand, will open a 885-square-foot store in Level 1 near Neiman Marcus, this spring. As previously announced, Tod's, the Italian luxury shoe and accessories brand, will open a store in The Galleria near Neiman Marcus this summer.

    And Topshop/Topman, the British chic casual brand, has announced a late March opening for its two-story store in Galleria II.

    Just this week, representatives for the chic health club, Equinox, were in Houston to make plans for an Oct. 1 opening in the River Oaks District.

    In December, San Diego-based real estate company OliverMcMillan, which is developing River Oaks District, announced an impressive list of more two dozen upscale retailers for the new development. Top luxury brands include Dolce & Gabbana, Akris, Roberto Cavalli, Etro, Chopard, Brunello Cucinelli, Brioni, Giuseppe Zanotti, John Lobb and Moncler.

    They will join previously announced luxury tenants Dior, Hermès, Tom Ford and Cartier, which vacated its longtime space in the Galleria for new digs.

    Just this week, representatives for the chic health club, Equinox, were in Houston to make plans for an Oct. 1 opening in the River Oaks District. The 35,000 square-foot facility will offer a new cycling program called The Pursuit, a barre studio, functional movement area featuring the latest cutting-edge exercise equipment and numerous weight training and aerobic areas, along with valet parking.

    A sales office is planned to open on the site in mid March.

    Houston's luxe rivalry also took on a new dimension recently when Colin Moussa, the former assistant marketing director at The Galleria, was hired as director of marketing at the River Oaks District. The big winners: Luxury shoppers who will have a lot more choices come this fall.

    Naomi Campbell recently debuted the La Perla Atelier Collection in Paris. La Perla has plans to open a store in The Galleria.

    Naomi Campbell in La Perla
    Photo courtesy of La Perla
    Naomi Campbell recently debuted the La Perla Atelier Collection in Paris. La Perla has plans to open a store in The Galleria.
    unspecified
    news/real-estate

    housing affordability news

    This is how much Houston home prices have fallen since 2024

    Amber Heckler
    Jan 16, 2026 | 4:30 pm
    16403 Sheffield Run Drive, Houston home for sale
    Estately.com/
    This home at 16403 Sheffield Run Dr. in Houston's Berkshire Oaks neighborhood is on the market for $309,900.

    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with Houston homebuyers experiencing the 11th-steepest "price correction" in the region.

    Houston-area buyers have a better chance of purchasing an affordable home this year after prices cooled 1.5 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Houston ranked No. 11.

    In 2024, the median price for a single-family home in Houston was nearly $340,000, which has since dropped to $335,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the area, especially since Houston was the second-hottest destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth's housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.

    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
    real estatehousing affordabilityreal estate reporthousing prices
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