HOUSTON — TEXAS
DESTINATION LUXURY
For more than 40 years, The Galleria® has been the premier destination for luxury shopping in Houston. Now this iconic property is unveiling a new and unique space, creating an opportunity for more luxury brands to have a prestigious location at The Galleria. EXTERIOR RENDERING OF NEW ENTRANCE
HOUSTON A WEALTH OF ENERGY
A vibrant and incredibly diverse city, Houston is the largest city in Texas and the fifth largest metropolitan area in the country with 6.4 million people. More than the “Energy Capital of the World,” the city offers a wealth of world-class dining, arts, hotels, nightlife – and of course, shopping.
— Six million residents — Fourth largest and fastest growing city in America — Headquarters to 25 Fortune 500 companies; second only to New York City
INTERNATIONAL ACCLAIM
Houston is a premier destination for international travel and trade. International trade directly or indirectly supports more than one third of all jobs in the Houston metropolitan area.
— 92 foreign governments have official representation in Houston through consulates or trade offices, ranking Houston’s consular corps third in the nation — 14 foreign governments maintain trade and commercial offices in Houston, and the city has 32 active foreign chambers of commerce and trade associations — More than 90 languages are spoken throughout the Houston area — Bush Intercontinental Airport offers nonstop service to 69 international destinations, including Beijing, Seoul, Santiago, Tokyo, and Shanghai — Shopping is a primary interest for Chinese tourists who stay in Texas on average more than two weeks and spend an average $5,000 per person — In 2013, Houston welcomed more than 13 million visitors with an economic impact of $16 billion to the city
A PATRON OF THE ARTS
A strong supporter of the arts community, Houston boasts a rich and diverse cultural scene. More than 500 institutions are devoted to the performing and visual arts, science and history in the Houston area. On average, Houston’s cultural events and exhibitions host 9.2 million visits annually.
In addition, the culinary scene reflects Houston’s diverse and cosmopolitan population and rivals that of any city in the world. More than 10,000 restaurants are located in Houston and offer culinary choices that represent more than 70 countries and American regions. Houston residents attribute 5.5% of daily expenditures toward eating out. That translates to $3,625 annually. Only three cities – Dallas/Ft. Worth, San Francisco, and Los Angeles spent a larger portion of expenditures on eating out.*
— Over 500 cultural, visual and performing arts organizations — The world-renowned Museum District hosts nearly nine million visitors annually — Designated America’s Coolest City in 2012 by Forbes
* 2015 Consumer Expenditure Survey by the Bureau of Labor Statistics MUSEUM OF FINE ARTS HOUSTON THE GALLERIA A SHOPPING MECCA
Located in the heart of Uptown Houston, along the famed Westheimer Road, the property has approximately two million square feet of retail space, four department stores, two high-rise Westin hotels, three office towers, an impressive ice rink and more than 400 stores that generate retail sales in excess of $1.3 billion annually. The redeveloped west end currently underway will solidify The Galleria as one of the top shopping destinations across the globe.
— 30 million annual visitors (10 million tourists) — Top countries represented at The Galleria are Mexico, China, Nigeria, Brazil and Singapore — $1.3 billion in annual sales — Over two million square feet of retail space and expanding
MORE LUXURY MORE STYLE
A “must have” location for true luxury brands, The Galleria is home to a multitude of international fashion houses. REDEFINING AN ICON
The Galleria is nearing completion on an unprecedented expansion and renovation that will further establish its position as the preeminent shopping destination in Houston.
A new luxury building on Westheimer Road features The Webster with Yauatcha opening Spring 2017. This refined space with exterior entrances facing Westheimer Road offers unparalleled service and convenience. For luxury shopping in Houston – or anywhere in the world – nothing compares to the first-class amenities and services of the Jewel Box.
—Complimentary valet parking service —Front door access for car service —Boutique shopping for the most exclusive brands facing Westheimer Road
NEW SAKS FIFTH AVENUE New Saks Fifth Avenue Saks Fifth Avenue’s new flagship store at The Galleria, with 198,000 square feet of luxury shopping, featuring the best that Saks has to offer is now open.
Furthering the excitement, the former Saks Fifth Avenue location will be undergoing a stunning transformation into a two-level wing connecting the new Saks Fifth Avenue, Neiman Marcus, and 30 new stores featuring premium retailers and signature restaurants. LUXURY WING
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HOME SUITE HOME
Nestled on the corner of Sage and Alabama Streets will be a new luxury hotel and residential tower. Residents and guests will have direct access to shopping and dining at The Galleria along with convenient access to the office buildings in Houston’s Uptown District.
SAM HOUSTON TOLLWAY
45 59
290 HOUSTON
610 10 10
WESTHEIMER RD .
59
610
45 59
SAM HOUSTON TOLLWAY
N LOCATION & DEMOGRAPHICS
Located in the heart of Uptown Houston, along famed Westheimer Road, The Galleria is a vital part of the city’s economy and an epicenter for tourism.
DEMOGRAPHICS 3 MILE 5 MILE 10 MILE RING
2015 Total Population 188,180 490,097 1,639,164 2020 Total Population 200,559 529,302 1,753,919
2015 Households 87,357 223,499 637,592 2020 Households 93,864 243,564 687,692
2015 Avg. HHI $127,226 $119,197 $83,563 2020 Avg. HHI $140,231 $131,810 $92,686
2015 Median Age 35.8 35.8 34.3
Total Daytime Employment (FTE) 241,884 540,519 1,275,708
Source: SPG Research; trade area demographic information per STI: PopStats (2015). About Simon Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).
The Galleria presents a unique opportunity for your brand. Please contact the following Simon leasing professionals for more information:
Vicki Hanor Greg Vlahos (212) 745-9633 (815) 685-3048 [email protected] [email protected]
John Steen (317) 685-7376 [email protected]