Village Arcade
The Village Arcade Shopping Center is a shopping center in Rice Village, Houston, Texas owned by Rice University.
History
The center was developed in phases in the early 1990s.[1] The buildings of the Village Arcade complex were owned by Weingarten Realty while a subsidiary of Rice University owned the land itself.[2] Weingarten Realty Investors, the developer, historically owned the buildings, but Rice University owned the land. Weingarten had a ground lease with options to renew the center until 2040.[1]
David Kaplan of Cite. wrote in 1996 that the development "has become a lightning rod of controversy, representing either the glories or the perils of progress."[3] Kaplan stated that the Rice Village development paralleled the teardowns of smaller older houses and replacements with larger houses in surrounding neighborhoods.[2]
In 2014 Rice University announced that it was acquiring the Village Arcade shopping center from Weingarten Realty. Rice University opted to buy Weingarten out of its lease, paying $55–60 million. This means the university also owns the property in addition to the land.[4]
Composition
The Village Arcade is a pink brick shopping center.[5] The Village Arcade occupies an area bounded by Kirby Drive, Amherst, Morningside, and University. The development also occupies most of the block bounded by Kelvin, Amherst, Times, and Morningside.[2] Kaplan wrote that compared to other developments in Rice Village, it is a "monolith".[2]
Tenants
As of 2013 it includes tenants such as Banana Republic, The Gap, La Madeleine, and Starbucks.[1]
As of 2001 The Gatsby Social Club, previously the Cody's in the Village, is located on the complex's top floor.[6]
As of 1996 it includes national chains such as Eddie Bauer, Express, Gap, Starbucks, Structure, and Victoria's Secret.[5]
References
- Kaplan, David. "The Village" (Archive). Cite. Rice Design Alliance, Winter (Northern Hemisphere) 1996. p. 16-21.
Notes
- ↑ 1.0 1.1 1.2 Sarnoff, Nancy. "Rice to take control of Village Arcade." Houston Chronicle. February 14, 2014. Retrieved on April 14, 2014.
- ↑ 2.0 2.1 2.2 2.3 Kaplan, p. 19.
- ↑ Kaplan, p. 18-19.
- ↑ Sarnoff, Nancy. "Rice to take control of Village Arcade." Houston Chronicle. February 14, 2014. Retrieved on February 16, 2014.
- ↑ 5.0 5.1 Kaplan, p. 18.
- ↑ Lindsey, Craig D. "Tender Is the Nightlife." Houston Press. February 8, 2001. Retrieved on April 15, 2014.
External links
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