In a move that cements two of Houston’s biggest tycoons as real estate neighbors — and luxury competitors — a new upscale, mixed-use development anchored by an ultra-luxury Rosewood Hotel is being planned for the corner of Post Oak Boulevard and Richmond Avenue. The concept is the brainchild of Houston-based McNair Interests, a private investment and management firm founded by Texans owner Robert C. McNair.
The proposed a six-acre project, set to open in 2023 and break ground next year, will be in close proximity to Houston Rockets owner Tilman Fertitita’ swank Post Oak Hotel, making Post Oak Boulevard even more of covered hospitality destination — and a potential hub for star-watching.
The hotel will be the second property in Texas and the ninth in the United States for Dallas-based Rosewood Hotels & Resorts. (The posh brand boasts the Carlyle in New York City.) The 150-room hotel will have 80 residential units and ballroom and banquet facilities.
"Texas is the birthplace of the Rosewood legacy, which launched with the Mansion on Turtle Creek in Dallas in 1979, so we are thrilled to expand our presence in one of Texas' most vibrant cities," Sonia Cheng, Rosewood Hotel Group's CEO said in an statement.
The overall development will also include office building, apartments, high-end restaurants and shops, and is a bold luxury play for McNair Interests. "This is a defining development for McNair Interests and the city of Houston," Cary McNair, Chairman and CEO of McNair Interests, said in a statement. "Our vision redefines the southernmost entrance of Post Oak Boulevard and the Uptown District, fusing a distinctive, sophisticated design with Houston's future."