OREP formed a joint venture with Fidelis Realty in July 2015 to acquire a 1.5 million square foot regional mall in Baytown, TX.
The Partnership’s original business plan was to obtain an economic incentive package with the City of Baytown to help support the acquisition and ultimate redevelopment of the mall. The City Council approved the economic plan prior to the expiration of due diligence. The Partnership continues to advance concept drawings for the redevelopment which will likely include a combination of existing and new users.
The property is held by the Partnership.