HOUSTON - Houston businessman Tilman Fertitta announced the groundbreaking for a new multimillion-dollar development project in the Uptown and Galleria area on Thursday.
KPRC 2 News has learned Fertitta is investing more than $200 million in a luxurious new mixed-use development called The Post Oak Tower.
The tower will be located along West Loop South.
The 35-story structure will combine hotel, office, residential, retail, and restaurant space in one tower. It will be adjacent to a ballroom and auto showroom that will display Bentley and Rolls-Royce automobiles from Post Oak Motor Cars
"The Post Oak will serve as a luxury destination for guests, businesses, and residents," said Fertitta. "I am excited about creating Houston's finest hotel, most unique service-oriented office space, exclusive luxury residential apartments, and once again, some of Houston's best restaurants. The Post Oak's proximity to our corporate office allows me and my executive team to be intimately involved in the planning and development of this 10-acre urban experience."
"We welcome this addition to the Galleria and Uptown area, Houston's premier destination for fashion, fine dining, luxury hotels, prominent office addresses and elegant high-rise living," said John Breeding, president of Uptown Houston District. "Tilman Fertitta is setting the standard for luxury development. We are so pleased he has chosen the Uptown district as the area to build this incredible project."
The 650,000-square-foot tower will accommodate 240 luxury hotel rooms, more than 120,000 square feet of boutique office space, and 22 residential apartment units.
The property will also feature two new restaurants: Willie G's Seafood & Steaks and Mastro's Steakhouse.
The Post Oak Tower is expected to be complete by the fall of 2017. The two restaurants will open their doors six months prior to the tower's opening.
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