The plan, announced Wednesday, to bring high-end high-rise living to the River Oaks Shopping Center is the result of years of deliberation over how to maintain the property's relevance in a retail and development landscape that favors centers that combine shops with housing, hotels and offices.
Weingarten, which has owned the shopping center for more than four decades, will own the tower as well, but apartment builder Hanover Co. will develop it. It is being designed by Ziegler Cooper Architects to house more than 300 units and an estimated 10,000 square feet of ground-floor retail space.
The tower will go up on a site just larger than an acre on the north side of West Gray near Driscoll Street. A portion of the existing center that now houses the restaurants Cafe Ginger and Local Pour will be demolished to make room for the new building, which will be a $150 million investment, Weingarten estimates.