Howdy folks, and welcome back to HHR. We’re coming to you today with some sad news, which seems to happen more often than not lately. The second to last Barnes & Noble location inside the loop has quietly shut its doors after a nearly 30-year stay in the shopping center. Located at 3003 W Holcombe Blvd, Houston, TX 77025 along with Randall’s, the stores represent the center’s original anchors. According to an interview with Community Impact, B&N had no desire to close the store and rather was ‘asked to leave. This also lines up with a 2021 resigning of the lease by Barnes & Noble. The location had a relatively short time frame in which they announced their closing at the end of April, to their actual shutdown which occurred last Sunday. Such little information was published on the shutdown, that it was off the HHR radar, until hours before the final shutdown. While it’s obvious there’s some development planned for the center, at this point, it’s not clear exactly what is planned.
So that leaves the question, what does this mean for the Randall’s next door? The easiest and most correct answer at the moment is nothing. However, depending on who picks up the space, this could go South for Your Remarkable store, quickly. At the moment, there aren’t many chains expanding aggressively in Houston. One notable exception is GFS which is bringing their grocery stores to town. If another grocer moves into the strip, it’s unlikely the Randall’s would survive. The entire center is owned by Invesco, including Randall’s space, meaning that they could be booted with minimal warning. The store has had a remodel, unlike the Sugar Land store which was skipped due to a preplanned closing, so it doesn’t seem that Albertson’s wants to shut down the store. However, we should keep an eye out for who pops up next.