Yesterday morning, Macy’s announced that it would be closing its store Downtown at 1110 Main this spring. But what’s going to happen to the building? Mayor Parker, who knows a thing or two about demolition, said yesterday afternoon that Kenneth Franzheim’s former Foley’s is coming down: “Macy’s is losing the lease, and the owner of that piece of property wants to build something else,” she told KUHF News. The owner in this case would be 1110 Main Partners, an entity connected to Hilcorp Ventures, whose president, Doug Kelly, told the Houston Chronicle yesterday that the company has “no specific plans to announce” about the site. Well, announcing plans is one thing:
Three years ago, 1110 Main Partners bought up the 65,000-sq-.ft. Macy’s building and its 31,000 sq.-ft. parking garage on Lamar, which shares a block with the 31,000-sq.-ft. Americana Building at 811 Dallas (shown above). 1110 Main Partners bought that in 2003. So that’s 128,000 sq. ft. — two entire city blocks, bound by Main, Travis, Dallas, and Lamar — of Downtown property. And over the past few years retail tenants in the Americana have been closing up shop, too.
- Mayor Parker’s New Push For Downtown Retail, As Macy’s Announces Closure [KUHF]
- Macy’s will soon make final sale in downtown building [Houston Chronicle]
- Previously on Swamplot: Macy’s Announces It Will Close Downtown Houston Store; A Local Election Campaign That’s Only Out To Destroy the Opposition; Houston’s Chief Demolition Officer Takes Her Turn; Zeroing Out the Americana Building