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    warehouses to wow

    New development with 1-acre green space coming to Memorial City area

    Eric Sandler
    Dec 9, 2024 | 4:51 pm
    Greenside Memorial City rendering

    Greenside will feature a one-acre greenspace.

    Courtesy of Michael Hsu Office of Architecture

    The rapidly-growing area around Memorial City Mall will soon add another new development. Called Greenside, it will transform a group of industrial buildings into a mix of restaurant, retail, and other family-friendly businesses.

    Located just north of Memorial City Mall at 1085 Gessner Rd., Greenside unites Memorial City owner Metronational with Radom Capital, the Houston-based developer behind M-K-T Heights, the Montrose Collective, and the ongoing redevelopment of the historic Tower Theater. They’ve retained the Texas-based Michael Hsu Office of Architecture to transform a group of industrial warehouses into 35,000-square-feet of new businesses.

    Plans call for a one-acre green space that includes a mix of seating options and strings of lights. Walkways will connect Greenside with nearby restaurants and bars such as Torchy’s Taco, Mia’s Table, and Kirby Ice House.

    “The community continues to ask for more unique retail and restaurant offerings, and with the help of Radom Capital and Michael Hsu, we will deliver a one-of-a-kind offering to the Memorial City area with a great outdoor experience,” MetroNational president and CEO Jason Johnson said in a statement. “This project represents MetroNational’s commitment to creating spaces that foster community and deliver long-term value for Memorial City and the surrounding neighborhoods.”

    Construction is expected to begin in the spring. If everything goes according to schedule, the first tenants could open in summer 2026.

    The past year has seen a number of new additions to the Memorial City area. They include Texas comfort food restaurant Haywire, Detroit-style pizzeria Via 313, live fire restaurant Credence, and a second location of Montrose barbecue favorite The Pit Room. Next year, new locations of The Burger Joint and the Taco Stand will open nearby at 1016 Gessner Rd.

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    So hot right now

    Houston nails down No. 8 spot among fastest-moving luxury home markets

    John Egan
    Dec 22, 2025 | 1:30 pm
    11095 Memorial Drive exterior
    TK Images for Martha Turner Sotheby's International Realty
    11095 Memorial Drive is for sale for $8.8 million.

    For-sale signs on the lawns of luxury homes in Houston-area communities like Bellaire, River Oaks, West University Place, and The Woodlands are disappearing faster than in most U.S. markets.

    November’s Realtor.com Luxury Housing Report shows luxury homes in the Houston metro area spent a median 61 days on the market in November, up 3.4 percent from last November. That puts the Houston metro in eighth place among the country’s fastest-moving luxury home markets.

    Asking prices for Houston-area listings among top-tier luxury homes started at $794,576 in November, according to the Realtor.com report.

    The Houston Association of Realtors (HAR) says stepped-up activity in the luxury home market helped boost the average single-family home price in the area to $422,552 in November. The luxury market — homes priced at $1 million and above — was the region’s top-performing home category in November, according to HAR, with sales up 23.4 percent compared with the same time in 2024.

    The Realtor.com report ranks San Jose, California, as the fastest-moving metro for luxury home sales in November. There, luxury homes spent a median 56 days on the market, down 6.7 percent from last November.

    “Luxury home dynamics are increasingly driven by local factors rather than national trends,” Antony Smith, senior economist at Realtor.com, says in a release. “Some high-cost metros are experiencing brisk demand and fast turnover, while others face slower sales even at elevated price points. Understanding these local dynamics is key for both buyers and sellers in today's luxury market.”

    Roughly 200 miles west of Houston, the San Antonio metro lands on Realtor.com’s list of the country’s slowest-moving markets for luxury homes. San Antonio-area luxury homes lingered on the market for 99 days in November, up seven percent from the same time last year. That gave San Antonio eighth place on the list of the country’s slowest-moving luxury home markets.

    Asking prices for San Antonio-area listings among top-tier luxury homes started at $766,548 in November, according to the report.

    In November, 5.6 percent of home prices fell into the $750,000-and-above category, according to the San Antonio Board of Realtors (SABOR).

    Bend, Oregon, tops Realtor.com’s list of the slow-moving markets for luxury homes. In the Bend metro area, luxury homes were stuck on the market for a median 146 days in November, up 14.1 percent from the same period in 2024.

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    news/real-estate
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