Not so fast: New owner puts $1 billion Uptown Park redevelopment plans on hold (Culture Map)

Photo Courtesy of Culture Map

Photo Courtesy of Culture Map

By Barbara Kuntz
A change in ownership of development companies, as well as the drastic drop in oil prices, have moved new property holders to reevaluate a $1 billion plan to transform Uptown Park.

Officials with the complex’s new owner, Edens Investment Trust, announced the pause, almost a year after AmREIT, a Houston-based real estate investment trust and the former owner, revealed an ambitious plan to make over a wide swath of the shopping and dining destination located along the West Loop at Post Oak Boulevard.

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