The area at the corner of Morningside Drive and Times Boulevard was recently purchased by real estate company Fifth Corner, according to a Sept. 10 news release from Colliers, a global professional services and investment management company.

The details

Consisting of 28,500 square feet of office space and 38,035 square feet of retail space, the property includes addresses such as 2400 Times Blvd., 2400 Rice Blvd. and 2444 Times Blvd.

“This transaction represents a landmark opportunity in Rice Village, a submarket with exceptional demographics, walkability and long-term growth potential,” said David Carter, a principal at Colliers, in the release. “We’re excited to see how the next chapter of this property’s story will further enhance one of Houston’s most iconic retail and lifestyle destinations.”

Based on the addresses provided by Colliers, current tenants may include establishments such as Torchy’s Tacos, Three Dog Bakery and Stylingbar.

Tenel Tayar, co-managing partner at Fifth Corner, told Community Impact the redevelopment plan is still being worked on, but that the space will be renovated to “complement the rest of Rice Village.”

Something to note

Tayar said some new tenants will be brought in, and the real estate investment firm will see which tenants would like to remain on the property. As of press time, the real estate firm did not provide a list of new tenants.

“Fifth Corner shares its appreciation of Colliers and the Appelt Company for their utmost professionalism in working with us. With fresh improvements and a curated tenancy, we will enhance this irreplaceable corner such that it will thrive within this community for years to come," Tayar said.