Rice University’s Student Newspaper — Since 1916

Sunday, October 06, 2024 — Houston, TX

Village property changes management

e42755b399acdfcf9bc174d7dc6e26d7
Photo by Courtesy Trademark Property | The Rice Thresher
The Village Arcade

By Jieya Wen     10/7/14 5:26pm

The Rice Management Company has hired Trademark Property Company to oversee asset and property management, leasing and repositioning of the Village Arcade in Rice Village. The Village Arcade, part of the Rice University endowment, is managed by the Rice Management Company, according to company president Allison Thacker (Baker ’96). 

“We have not made any decisions yet on plans for the Village Arcade, but we have hired Trademark to manage the property and help us plan for the long term,” Thacker said.

According to Trademark’s website, the company will improve the Village Arcade by enhancing streetscape, landscaping, storefronts and facades.



“Additional Rice-owned property in the Village (approximately seven acres) is available for future mixed-use development,” the Trademark Property and Strategic vision overview stated.

Rice acquired the Village Arcade from its former owner, Weingarten Realty Investors, earlier this year. The Rice Management Company said they hope to have more specific plans for the Village Arcade in 2015.



More from The Rice Thresher

NEWS 10/1/24 11:18pm
Rice launches 10-year strategic plan

The university launched a new strategic plan that will develop investments in research and teaching over the next decade. The plan, titled “Momentous,” was announced at an Oct. 1 event. 

NEWS 10/1/24 11:18pm
Sophomores debut AI nutrition app Diagnos

Diagnos, an AI-backed nutrition-tracking app, launched in the Apple app store Sept. 24. The app, designed by Ifty Ahmed and Thun Silpsamrit, provides AI-based calorie and nutritional estimates based on users’ pictures of their food. The app also provides nutritional estimates of food on servery menus.


Comments

Please note All comments are eligible for publication by The Rice Thresher.