A commenter at Swamplot, who claims to have inside information, has the following to say about the River Oaks Shopping Center and the Alabama Bookstop.
1. Barnes and Noble owns Bookstop. They are closing it to move to the new location at ROSC.
2. Weingarten has no intent of demolishing the Alabama Theater. They have been marketing the space for re-use. They intend to restore the facade when a new tenant signs on.
Everyone knew that the Bookstop’s days were numbered. With the massive Borders Books just a few blocks away at Alabama and Kirby, and the new B&N opening soon, there couldn’t possibly be enough capacity to keep the Bookstop in business as well. The question that vexed everyone who cared about preservation was what would happen to the historic Alabama Theater building that currently houses the Bookstop. If this information is accurate, it’s the first positive thing I’ve heard about its disposition since Weingarten first announced the demolition of the original River Oaks Shopping Center.
The commenter had more to say about other matters, including this somewhat puzzling bit.
4. Weingarten’s long term interest in ROSC is to achieve the highest and best use for this property. They want to bring a higher density to the center that they feel is appropriate for its location.
5. Before the crash last fall they were working on a plan to improve the walk-a-bility of the ROSC through landscaping and art. I believe the project is on hold right now. Its interesting how everyone is in favor of density (less driving and more walking) except when it affects something in your backyard.
I still don’t understand how adding a massive bookstore and a five-story parking garage contributes to “less driving and more walking”. There’s a discussion in the comments to that Swamplot post about how of course the ROSC is “walkable” because hey, you can park your car in the lot and then walk to any of the nearby stores. By that definition, the shopping center that includes the Costco at I-10 and Bunker Hill is walkable, too. The new ROSC may or may not be more pedestrian-friendly than the old one was, at least for those who drove and parked there. There are certainly things that can be done to make it so, some of which were explored in that comment thread – planting trees, widening sidewalks, etc. I seriously doubt Weingarten cares to spend any of its own money on stuff like that, but I’ll be happy to be proven wrong about that. When there’s mixed-use development in this area, as well as transit options to get residents in and out of there without needing to drive, then we can talk about density and walkability in a meaningful fashion.