Renovations Further Enhance Market Street – The Woodlands
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The Woodlands, TX (April 18, 2019) – The Woodlands has completed a comprehensive makeover of the award-winning shopping, dining and entertainment destination just north of Houston known for its collection of first-to-market retailers and restaurants as well as Class A office space.
Designed by noted architect 505Design, the eight-month project revitalized Market Street’s Central Park, the focal point of the 560,000 square-foot mixed-use property. Natural grass has been replaced with weather-resistant and ecologically sustainable synthetic turf to create a setting suitable for year-round festivals, concerts and other gatherings. New seating areas, charming pergolas, sustainable lighting systems, a modern interactive water feature and deck, have also been added.
Other additions include enhanced landscaped pedestrian pathways with contemporary parking and traffic management improvements. Shaded areas along with all new furniture property-wide, including park benches, ottomans and rocking chairs provide places for guests to relax. Additionally, restrooms have been renovated and water bottle fill stations have been added. Meticulous attention to detail was given throughout the planning of the project from the outdoor art structures selected for Central Park to the paint colors chosen for parking garage signage which assist guests with way finding.
“It’s all about creating a more experiential setting,” notes Miller Capital Advisory (MCA) President and Chief Executive Officer Andrew Miller, “Public spaces create personal connections with guests. We believe our properties must be more personal, inviting and customized, and we carefully considered our guests as we sought to enhance Market Street.”
Market Street opened in November 2004 as one of the Houston area’s first outdoor lifestyle mixed-use properties, the result of careful, critical study of the country’s best open-air, urban-styled projects, plazas, parks and fountains. Besides providing The Woodlands and North Houston with a thriving Town Center core, Market Street has successfully captured the essence of what urban planners call “place making,” the process of creating a place where people want to be, not simply where they need to go.
The shopping, dining and entertainment destination opened with an enviable collection of tenants including anchor and Texas grocery retailer H-E-B followed by unique dining options such as True Food Kitchen and Tommy Bahama Restaurant and Bar. Many retailers and restaurants have since debuted such as Tiffany and Co., Suitsupply and lululemon.
Significant additions throughout the years include the opening of the five-screen Cinemark Theater in 2005 the opening of an anchor hotel, now a Hyatt Centric, in 2009 and later the addition of Tesla.
Today, the project is home to close to 40 fashion boutiques and 20 restaurants and is situated in The Woodlands, one of the nation’s most sought after master-planned communities.
Market Street presents aspirational and bridge tenants including Tory Burch, Kate Spade, Bonobos, Johnny Was, Michael Kors, TUMI, Vineyard Vines and Warby Parker. It also is home to Grotto Ristorante, Sweet Paris Creperie, Uni Sushi and Jasper’s Gourmet Backyard Cuisine.
Coinciding with Market Street’s new look, three of its anchor tenants also have revitalized their spaces. The boutique 70-room Hyatt Centric The Woodlands recently completed updates to its interior and exterior, the Cinemark Theater recently completed an extensive renovation while Tommy Bahama, one of Market Street’s first tenants, completed its own update while enclosing its patio for year-round use.
“Tommy Bahama has been a proud part of Market Street and The Woodlands community for 14 years. The recent update we did at our restaurant and retail store has refreshed the interior to provide our guests with the best experience possible,” said Tommy Bahama CEO Doug Wood. “We’re excited that our new look coincides with the redesigned Market Street Central Park, which offers a beautiful view from our expanded and upgraded patio.”
Besides its retail and restaurants, Trademark and Institutional Mall Investors (IMI) significantly invested in Market Street’s office space since the beginning: 115,000 square feet of Class A space designed by the award-winning architecture firm, Gensler, with balconies on second and third levels above retail and restaurants.
A proud member of The Woodlands and surrounding communities, Market Street provides donations to local nonprofit organizations with its Change for Charity program whereby shoppers are encouraged to deposit coins in voluntary, curbside parking meters. To date, the program has contributed more than $200,000 to local charities.
For additional details on Market Street, please visit www.marketstreet-thewoodlands.com.
About Market Street
Market Street – The Woodlands is a 560,000 square foot outdoor lifestyle mixed-use property located in The Woodlands, Texas, approximately 25 miles north of Houston across from the Cynthia Woods Mitchell Pavilion. The grocery anchored property contains 375,000 square feet of street level retail, combined with 115,000 square feet of Class A office space and a 70 room 70,000 square foot Hyatt Centric hotel. In addition, the project includes a 5 screen Cinema and 21 restaurants and eateries. Trademark Property Company manages the project, including development, leasing and property management services. Market Street is owned by a joint venture between an affiliate of Trademark Property Company and Institutional Mall Investors.
For additional information on Market Street, visit https://shopatmarketstreet.com.
About Trademark Property Company
Trademark Property Company is an operator, investor and developer of award-winning, mixed- use town centers, specialty, community, power centers and enclosed regional malls. In its over 25 years of business, Fort Worth, Texas-based Trademark has invested in or developed 14.6 million square feet of retail and mixed-use assets worth $3.4 billion. Trademark’s experienced team of 200 employees is responsible for approximately 7.1 million square feet of retail and mixed-use projects currently in operation or development/redevelopment, including: 5000 South Hulen (Fort Worth, Texas), Alliance Town Center (Fort Worth, Texas), Annapolis Towne Centre (Annapolis, Md.), Burr Ridge Village Center (Chicago, Ill.), Galleria Dallas (Dallas, Texas), Glades Plaza (Boca Raton, Fla.), Hillside Village (Cedar Hill, Texas), La Palmera (Corpus Christi, Texas), Market Street Flowood (Flowood, Miss.), Market Street – The Woodlands (The Woodlands, Texas), First Street Napa (Napa, Calif.), Perkins Rowe (Baton Rouge, La.), Rice Village (Houston, Texas), Saddle Creek (Germantown, Tenn.), Victory Park (Dallas, Texas), Watters Creek (Allen, Texas), Waterside (Fort Worth, Texas), WestBend (Fort Worth, Texas) and Zona Rosa (Kansas City, Mo.). For more information, visit www.trademarkproperty.com or interact on Facebook, Twitter and Instagram.
Miller Capital Advisory is an Investment Advisor with headquarters in Skokie, IL, a suburb of Chicago. The firm also operates a regional office in Austin, TX. Miller Capital Advisory manages property investments throughout the entire United States. Real estate investments under management totaled approximately $9.7 billion as of December 31, 2018. Miller Capital Advisory specializes in fashion-oriented retail and mixed-use properties. For more information, visit www.miller-capital.com
Institutional Mall Investors (“IMI”) is a co-investment venture owned by an affiliate of MCA and CalPERS, the nation’s largest public pension fund. MCA serves as investment manager for IMI.
IMI is a core-oriented investment platform focused on high quality, market dominant, fashion- oriented retail properties. The IMI portfolio features some of the most dominant regional and super regional shopping centers in the United States. As of December 2018, the portfolio included 22.2 million square feet of retail GLA and over 1.2 million square feet of prime office space. IMI also seeks to invest in productive lifestyle, mixed use and development opportunities as circumstances warrant.