West Houston shoppers should get ready for a whole new Memorial City Mall. That's because the 1.7-million-square-foot shopping destination overseen by Metro National has hired Trademark Property Company to renovate, reimagine, and redevelop the retail space.
Plans call for redeveloping the entire 265-acre Memorial City campus as a more vibrant, upscale, integrated locale. All of it will create “a one-of-a-kind experience for shoppers and visitors through additional public spaces, increased walkability, more best-in-class retail, restaurants and entertainment uses, curated mixed-use, and a master plan for the next 50 years and beyond,” according to the press release announcing the master plan.
That plan will take firmer shape over the next 12 months, but expectations for it include a new experience on the mall's south side, where the recent closing of Sears presents a huge opportunity for retail, dining, or gathering spaces.
“MetroNational is excited to collaborate with Trademark to deliver a best of class development that will transform Memorial City Mall,” said Jason Johnson, president of MetroNational in the release. “With Trademark’s expertise in mixed-use developments and MetroNational’s six decades of experience in west Houston, the end result will be spectacular and undoubtedly benefit the community for generations to come.”
Trademark is no stranger to redevelopments like this. The mixed-use development, investment and institutional services firm, based in Fort Worth, has worked on projects like Houston's Rice Village and Market Street - The Woodlands, as well as South Victory and Galleria Dallas in Dallas; WestBend and Waterside in Fort Worth; La Palmera in Corpus Christi; and other mixed-use developments in Annapolis, Maryland and Napa, California. Trademark plans to work closely not only with MetroNational, but also community stakeholders redevelopment plans that recognize Memorial City Mall's legacy, while bringing it to the next level.
Tommy Miller, Trademark Property Company's managing director and chief investment officer said, “This strategic property is poised to enhance its position as the market dominant shopping destination in west Houston for many decades to come.”