HOUSTON, TEXAS KIRBY & UNIVERSITY BOULEVARD
market OVERVIEW 4TH LARGEST CITY IN THE U.S. Located within The Loop at the intersection of Kirby and University Boulevard, 2 blocks west of Rice University. Rice Village is strategically located with convenient access to some of the best infill neighborhoods in the City including West University Place, Southampton, Southgate, Southside Place, Boulevard Oaks, Upper Kirby and Braeswood. Daytime and visitor population including Rice University (2 block walk): the Texas Medical Center (106,000 employees, 7.2 million visitors), the Museum District (8.7 million visitors to 18 cultural institutions) and Greenway Plaza (4.4 million sf of office).
The Rice Village trade area is highly educated, aspirational and underserved with many wanting the best products and experiences they can afford. This is a strong market for apparel/accessories, electronics, health/fitness, entertainment and products that appeal to young active households. DEMOGRAPHICS 1 MILE 3 MILES 5 MILES Population (2016) 21,667 184,314 475,570 Avg. HH Income $206,176 $140,580 $117,074 HH Income $75k+% 63.3% 51.7% 46.2% HH Income $100k+% 56.2% 41.7% 36.6% Ed. Bachelors+% 82.8% 69.8% 54.3% Daytime Population 21,912 341,651 858,023 STRONG ASPIRATIONAL MILLENNIAL MARKET Rice Village s customer base is comprised of a relatively young (67% ages 25 44) and racially/ethnically diverse consumer. HIGH PERCENT OF MALE SHOPPERS Men comprise 42% of the customer traffic compared to that in a typical shopping center or mall (36%). trade area DEMOGRAPHICS
AERIAL
ALFRED'S DELICATESSEN BAY SURF SHOP BLANCHE'S DINER GRAMOPHONICS POOR MAN'S COUNTRY CLUB then Rice Village s roots were in the depression-era (1930 s), when visionary John Olson acquired 60 vacant lots. Since then, the Village has grown organically to become the most beloved urban district in the City of Houston. In the 40 s - 60 s, the neighborhood developed slowly. The Olson s first shopping center in the Village was built in 1948. These innovative original buildings still stand today. During the planning process, John Olson studied some of America s finest retail properties, including Country Club Plaza which served as a model for the Village s first leases. The influx of young families into West University Place, Southgate and Southampton in the 1980 s began the Village s revival. In the mid-1980 s, Rice University began acquiring land, sewing the seeds for development of a large concentration of national specialty shops that has been productive for the last 30-years, and remains the retail core of the district to this day. The contemporary and artisan evolution of the Village architechure and merchandising is underway. Fun Fact: In 1968, the Village s Bay Surf Shop sold 7,000 surfboards, more than any other store in the U.S. RICE FOOD STORE MOELLER'S BAKERY RODNEY'S TOOTSIES VILLAGE THEATER
TODAY HOUSTON'S LARGEST, AUTHENTIC URBAN SHOPPING DISTRICT RIPE FOR EVOLUTION Rice Village today is a vibrant 18-block, 67 acre urban district that includes over 300 shops and restaurants. It is an under served trade area that is ready for the next generation of aspirational retailers. Rice University and Trademark are stewards of the largest property portfolio in the Village encompassing 296,000 SF of retail buildings and land for additional mixed-use development.
EVOLVE VISION Rice Village is an established mixed-use shopping district on a real street grid. We are collaborating with adjacent Village property owners and merchants to create a stronger unified shopping district with enhanced streetscape, amenities, programming and parking management. Convenient storefront parking and centrally located garages. Enhanced common areas, landscaping, architecture and new public art will set the stage for the modern evolution of Rice Village.
The evolution of the Village is underway, focusing on fresh contemporary design, public art, public space upgrades and new FUTURE programming elements. Rice Village is the only authentic street shopping district in Houston with the critical mass to attract a rich collection of best-in-class national, regional and local retailers and artisan F+B.
new AMHERST STREET THE VILLAGE'S HIGH STREET FOR CONTEMPORARY RETAIL Fresh façades and storefronts Center section/passageway redesign Widened sidewalks Enhanced access to rooftop parking New micro retail building amidst a historic tree grove New public plaza on corner of Kelvin and Amherst
DIVERSE YOUTHFUL
market HALL Two level Public Market Artisan vendors Prime venue for events Oxbow Public Market Napa, CA Ferry Building San Francisco, CA
DISTRICT WIDE LEADERSHIP + IDENTITY
ECLECTIC AUTHENTIC CONTEMPORARY ARTISAN MIXED-USE COLLEGIATE
MERCHANDISING PLAN - TODAY TIMES BLVD Beautique Day Spa SECOND LEVEL Beautique Day Spa Beautique Day Spa Talbots GraceAnna s Boutique Miss Saigon Café Myth Salon Day Spa Le Creuset Chico s The Pretty Kitty Kendra Scott Jewelry MAC Cosmetics Origins Stylingbar Sephora KIRBY DR AMHERST ST Everything But Water KELVIN DR Soma Intimates Ann Taylor Bath & Body Works PARKING GARAGE 55 Restaurant and Bar D Amico s Italian Market Café MORNINGSIDE DR La Madeleine Hemline Papyrus Claire s Sunglass Hut Lily Rain Black Walnut Café Gap, Gap Body, Gap Kids & Baby Gap Gymboree Starbucks Yankee Candle Athleta Blue Mercury Express White House Black Market Victoria s Secret ATM Banana Republic LOFT New York & Company Almaza Jewelers UNIVERSITY BLVD SECOND LEVEL Impeccable Pig Urban Outfitters Clique Jason s Deli SECOND LEVEL
CURRENT RETAILERS ANN TAYLOR ATHLETA BLACK WALNUT CAFÉ BLUEMERCURY CHICO S ELAINE TURNER EVERYTHING BUT WATER GAP & GAP BODY KENDRA SCOTT JEWELRY LILY RAIN LOFT MAC COSMETICS NEW YORK & CO. ORIGINS SEPHORA SHAKE SHACK (COMING SOON) SOMA STARBUCKS TALBOTS URBAN OUTFITTERS WHITE HOUSE BLACK MARKET
HOUSTON, TX ricevillagedistrict.com NOV2016 INVESTMENTS DEVELOPMENT INSTITUTIONAL SERVICES 1701 River Run, Suite 500, Ft. Worth, TX 76107 817.870.1122 trademarkproperty.com