A scheme to demolish the 1949 Sears building at 4000 N. Shepherd Dr. and the Pine Forest Business Park behind it and replace it with an “Americana”-themed shopping center headlined by a new Sears store and a supermarket is only part of an unsolicited proposal sent to the national retailer, a representative of Weingarten Realty tells Swamplot. A brochure describing aspects of the proposal, which would replace the Streamline Moderne department store between Garden Oaks and Independence Heights with a higher density shopping center that the body copy implied would be styled in a manner akin to the residential designs of Frank Lloyd Wright, was posted online by the publicly traded REIT earlier this week.
“Weingarten and Sears have no deal in place, have not agreed to any terms for any redevelopment and plans are not imminent,” writes Weingarten communications director Carrie Murray. “Weingarten regularly makes unsolicited offers as a developer to land owners. We made an unsolicited proposal to Sears regarding its building and surrounding land. The vision book referenced online was intended as an internal piece to showcase this proposal.”
That “vision book” touted Weingarten’s local expertise: The redevelopment project, which the company called Oaks on Shepherd, would be “developed by Houstonians for Houstonians.” It was taken down from the site it was posted on yesterday, about the same time Swamplot published its story describing it. “We regret that the documents were released to the public in error,” writes Murray.
- Weingarten Wants To Turn Streamline Moderne Sears on North Shepherd Into Prairie Style Shopping Complex [Swamplot]
Images: Weingarten Realty