Those long-lingering plans by the Simon Property Group to build a mall called “The Grand” on 134 acres wedged between I-10 and the threatened Grand Parkway — catty-corner to the Katy Mills Mall — appear to be uh . . . “in question.” The Houston Business Journal‘s Jennifer Dawson reports:
The circular acreage surrounded by a mall ring road has at various times been earmarked for an outlet mall, regional mall, lifestyle center and mixed-use center.
Simon recently began marketing the vacant land for sale through local retail brokerage firm Page Partners.
Hmmm . . . how best to spin this?
Les Morris, a spokesman at Simonâ€™s Indianapolis headquarters, denies that a future project on the site is dead.
Morris summed up the companyâ€™s position in a written statement: â€œSimon Property Group is still working on development plans for that land, although we canâ€™t at this time say when weâ€™ll start that development. A sale of some land has always been contemplated on this site, which we envision as a mixed-use project. Page Partners represents our interests at a number of properties, so this really isnâ€™t anything out of the ordinary.â€
Site Plan for The Grand for 2006: Simon Properties