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Last Inner-Loop Half Price Books Closing

heart of montrose development at the corner of Montrose and Westheimer in Houston, TX
Written by Staff

The Montrose Half Price Books location is closing at the end of the month.  Swedish developer Skanska acquired the 2.86-acre site at the southwest corner of Westheimer and Montrose, which includes the Half Price retail space, to develop it into a mixed-use project.  The other inner-Loop location in the Rice Village closed in March.  A spokesperson with Half Price Books told Community Impact that the company wasn’t able to relocate the Montrose store, and encouraged fans to visit one of its seven other locations.  According to an August, 2020 Bizjournals story, Skanska said it is targeting LEED green-building Platinum certification for the project, and Perkins-Eastman has provided details about the project on its website.  The development will include a series of mixed-use towers including residential, hotel, and office space, as well as a prominently-displayed rainbow connector bridge between two buildings as a nod to the neighborhood’s LGBTQ roots.  The previous owner, PM Realty Group, intended to build a residential building with retail on the first floor, but the site’s existing tenants, who had long-term leases, contributed to preventing the project from coming to fruition.  This won’t be an issue for Skanska, since all of those leases have expired and won’t be renewed.

Read more:
https://www.bizjournals.com/houston/news/2020/08/05/skanska-buys-retail-plaza-in-montrose.html

https://communityimpact.com/houston/heights-river-oaks-montrose/impacts/2021/01/04/montrose-half-price-books-to-close-as-center-faces-redevelopment/

https://www.perkinseastman.com/projects/heart-of-montrose/

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