Houston Pavilions

[Trae]

Houston Pavilions

www.houstonpavilions.com

Transit Oriented Entertainment Development on Main Street. Retail, Residential, and Office.

Some tenants announced for the Houston Pavilions:

As some of you are aware, an outside group is scheduled to develop the three vacant blocks of land starting with the block directly across from the college on Polk street and including the two vacant blocks of land directly west of that block. This project is to be a multi-use project to include retail/entertainment, office, and residential. Some of you have inquired into the status of the project since construction has not yet begun on these three blocks. The following is an update. At this point, the project is scheduled to start on September 15th of this year. The developers expect to have the project completed in time for the holiday shopping period in December of 2007. My personal view and the view of those professionals in the construction industry is that this is optimistic as it is an extremely fast schedule. Time will only tell if this schedule will be met. The project has now signed up the following upscale clients to include: The House of Blues, McCormick and Schmidt Seafood Restaurants, Lucky Strike Bowling, Yao's Restaurant, Lawry's Prime Rib, Boca Chica, and Mia Bella. A 12 story residential tower is planned on the southeast corner of the lot closest to us. While this is a very exciting project and if successful will definitely upgrade our part of downtown, it will impact our ability to navigate the streets next to and around the project. Once the project begins, we will be putting out bulletins in this regard to keep you informed. In addition, for those students who are used to parking on any of these lots, I would strongly suggest that you start making alternate arrangements. Hopefully this helps. If you have any questions, please let me know. - Greg Brothers

^^Across these parking lots. Ground Breaking is coming up