Bellaire is finally advancing on a large piece of land in the city, announcing the approved plans for the development of Place Bellaire.

Located where Chevron at one point employed more than 900 people, Bellaire Place will be a mixed-use office, restaurant, retail and entertainment site found in other developments around the greater area. of Houston. The process for deciding what to do on the Bellaire property has been a recurring problem for more than five years.

“The road to Bellaire Place, on the site of the old Chevron campus, has been long and often arduous,” Bellaire Mayor Andrew Friedberg said in a blog post. “Which is as it should be; for the project to be a success, it must be mutually beneficial for both the developer and the community. »

SLS Properties will develop the 30-acre property located at 4800 Fournace Place along the West Loop. SLS purchased the campus in September 2018.

“Aside from the obvious boost to our tax base, which will ease the burden on residential taxpayers, it will be nice to have more options to keep our spending local here in Bellaire,” Friedberg said. “This is a major step forward in achieving the commercial redevelopment goals outlined in our overall plan, and will feature new businesses and amenities more compatible with our community character than the technical research park that preceded.

Danny M. Sheena of SLS Properties is eager to develop the property.

“It’s been a long road to getting Bellaire zoning approval for the new development,” Sheena said. “We are very happy to now have the ability to attract incredible tenants.

“It will take a few months to obtain and finalize the leases from the tenants. It will take additional months to prepare construction plans and obtain building permits from Bellaire.

Groundbreaking is scheduled for the first or second quarter of 2023, Sheena said.

“We look forward to bringing an exciting new destination for family fun to the community of Bellaire and surrounding areas,” he said.

The two existing buildings on the site are already occupied, Sheena said.

“We secured the zoning for a new parking lot in November 2018 to support the two existing office buildings,” he said. “We completed the construction of the new parking lot L in April 2021.”

The existing 10 and 6 story office buildings and new parking lot are located on an area of ​​approximately 10 acres.

According to Sheena, the recently approved zoning (Phases I, II and III) is for the development of the remaining 20 acres of vacant land.

The Harris County Assessment District appraised the property at $24.1 million in 2018 and increased the property’s value to $37.8 million in 2021. The property’s value assessment is pending for 2022.

In a previous statement, Friedberg said, “The redevelopment of the former Chevron property, the only contiguous open parcel of its size in our landlocked city, is a unique opportunity for positive and beneficial growth. It is full of opportunities for exciting new amenities that will improve our quality of life and invigorate our economic base.

“Office buildings are designed never to collapse,” SLS Properties reported. “The office buildings also feature a state-of-the-art fitness center, full-service cafeteria, auditorium, and numerous conference rooms.”

For more information on the Bellaire Place property, visit www.slsproperties.net.

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