Houston, TX (2011)

PlazAmericas

Rehabilitation of the former Sharpstown Mall.

Investment

  • NMTC Amount: $22,350,000
  • Total Project Cost: $54,699,477

IMPACT

  • 200 FTE jobs

Investor

Project Description

Houston-based Boxer Properties, which specializes in turning around distressed properties, took on the rehabilitation of the former Sharpstown Mall. When acquired by the group in February of 2010, only 40% of the mall was occupied. The roof leaked and only one of the seven escalators worked. A $54 million renovation project was undertaken to make the facility cleaner, safer and more attractive, particularly to the Hispanic community.

MAP

Address: 7500 Bellaire Boulevard, Houston, TX 77036

Census Tract: 48201432802

Other Texas Projects