Green Touch Builders | New owner hits pause on Uptown Park's $1B redevelopment
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March 14, 2015 By SEO Admin

New owner hits pause on Uptown Park's $1B redevelopment

A year ago, Houston-based real estate investment trust AmREIT Inc. unveiled a $1 billion plan to redevelop the Uptown Park shopping center at the corner of Post Oak Boulevard and the 610 Loop.

But the private company that just bought AmREIT is reconsidering those plans, the Houston Chronicle reports.

“We’re pausing long enough to re-evaluate,” Terry Brown, chairman and CEO of Edens Investment Trust, told the Chronicle.

The change of ownership is the primary reason for the pause, Brown told the…