BELLAIRE, Texas--(BUSINESS WIRE)--SDI Realty Advisors, a retail real estate development and investment management firm with properties across Texas, Arkansas, and Louisiana, is pleased to announce that construction has commenced on the re-development of Bellaire Town Center. The current 39,000 SF one-level retail center will increase to 72,000 SF over two levels when the project is complete in 2018.
“We are pleased to re-develop Bellaire Town Center into a mixed-use center that will draw new and exciting retailers and restaurants to one of Houston’s premier neighborhoods,” says Charlie Shears, co-founder and managing partner, at SDI Realty.
The two-story center, located at the corner of South Rice and Bellaire Blvd, will feature a ground level restaurant, retail space, service and boutique office space. Construction of the first building in Phase 1 is slated for completion by January 2018, with the second and third buildings in Phase 2 anticipated by the Fall of 2018. Tenants of the new center will benefit from numerous monument signage opportunities on one of Houston’s main east-west thoroughfares and 265 parking spaces. Tenants of the center will also benefit from additional traffic visiting HEB’s new store opening in Fall 2017, located just 0.2 miles away.
Since 1997, SDI Realty Advisors has-co developed more than 60 Lowe's Home Improvement stores and 23 Wal-Mart operations. In addition, SDI has worked with other retailers such as JC Penney, Kroger, TJ Maxx, Ross Dress for Less, Dick's Sporting Goods, Academy, Best Buy, Bed Bath & Beyond, Pier 1, Cost Plus, Michaels, Office Depot, DSW, Ulta, Petsmart, Petco, Darden Restaurants, Gamestop, Radio Shack, Verizon, Chipotle, Five Guys and many more.
“We envision a great opportunity for the restaurant and business community of Bellaire to prosper in a new and improved Bellaire Town Center,” adds Ken Delery, co-founding partner of SDI Realty Advisors. “And, we are eager to bring these visions to life.”
For more information about available retail and office space for lease in SDI Realty’s Bellaire Town Center, please visit www.edge-re.com or contact Lauren Heimann at (713) 900-3026.
SDI Realty Advisors is a privately-owned retail real estate investment firm founded in 1997 based in Houston, Texas. SDI Realty has 5 developments currently underway in Texas and Louisiana.