Houston's Sharpstown Mall Has Been Foreclosed, Bankrupt, and Rebranded, and It Never Closed

PlazAmericas - Sharpstown Mall, Houston, TX

The address is still 201 Sharpstown Center, even though the signs have said PlazAmericas since 2010. The mall at U.S. 59 and Bellaire Boulevard has worn three names and kept going through all of them.

It opened in 1961 as Houston's first enclosed, air-conditioned mall. A stock-fraud scandal took down its builder in 1971. Foreclosure came in 2001, Chapter 11 in 2008, and hurricane damage the same year.

At the bottom, the roof leaked, the food court had one vendor, and storefronts sat vacant. Then a $10 million rebrand aimed the place at its Hispanic trade area, and occupancy doubled in three years.

Plenty of malls with that record are gone. This one opened a country dance hall with a mechanical bull this month.

Sharpstown Mall in Houston, TX

The day Sharpstown Center opened with a Kennedy and a hurricane

Sharpstown Center opened on September 14, 1961, days after Hurricane Carla tore across the Texas coast. The opening went ahead anyway.

A crowd of 8,000 people showed up, Edward M. Kennedy gave the guest speech, and a ribbon running the length of the main concourse was cut at several points at once on a signal from the developer, Frank Sharp.

What they were opening was Houston's first enclosed, fully air-conditioned shopping mall.

The building began with 760,000 square feet of air-conditioned space and operates today as PlazAmericas in southwest Houston, at what's now the corner of Interstate 69/U.S. 59 and Bellaire Boulevard.

Inside, the temperature was held at 72 degrees no matter what the Gulf air did outside.

In 1961 Houston, that alone was a reason to drive over. More than 40 stores opened that day, built around three department stores.

Foley's took a three-level, 170,000-square-foot branch, its first outside downtown. Montgomery Ward took 150,000 square feet. Battelstein's, another downtown Houston name, took 85,000.

There was a Walgreens, a Wyatt's Cafeteria, an S.S. Kresge, even a MiniMax supermarket. And the mall was only the centerpiece of a much larger plan.

Sharpstown Center, Houston
Sharpstown Center, Houston WhisperToMe at en.wikipedia, Public domain, via Wikimedia Commons

Frank Sharp built the suburb first, then gave away the freeway

Sharpstown was dedicated on March 13, 1955: homes, schools, churches, a country club, shopping, all laid out for the car.

Sharp promoted it as a self-contained community, and he understood that none of it worked without a fast road from central Houston. So he gave the road away.

Sharp donated a 300-foot-wide strip of his own land for the Southwest Freeway, and the route was adopted in late September 1957.

The freeway segment from the West Loop to Bellaire Boulevard opened on August 1, 1962, less than a year after the mall, putting the 65-acre site in direct view of every car heading southwest.

Next door, the 10-story Sharpstown State Bank Building went up in 1962.

Sharpstown State Bank occupied part of the building.

His own office sat on the top floor. That bank is where his story turned.

The scandal that borrowed Sharpstown's name

On January 18, 1971, a federal securities suit was filed against Sharp, former state attorney general Waggoner Carr, former insurance commissioner John Osorio, and Sharp's companies, including Sharpstown State Bank and National Bankers Life Insurance.

The case centered on bank-financed stock purchases tied to legislation that favored Sharp's interests.

The Sharpstown scandal ended political careers, helped drive a wave of turnover in the 1972 elections, and pushed Texas to pass disclosure, campaign finance, open records, open meetings, and lobbyist reforms in 1973.

The mall kept selling shoes through all of it.

In 1972, Sharp sold the center to Houston businessman Arthur M. Fisher, and the property moved on without its founder.

Its next big change happened inside one of its own department stores.

PlazAmericas - Sharpstown Mall
PlazAmericas - Sharpstown Mall WhisperToMe, Public domain, via Wikimedia Commons

Good Time Charley's and the pipe organ upstairs

An $8 million-plus renovation, announced in August 1975, brought skylights, French tile floors, landscaping, reworked parking, and a round of new tenants, The Gap, Casual Corner, and Palais Royal among them.

The remodeled center was rededicated on November 11, 1976.

The strangest piece of the project was Battelstein's.

The store shrank to a 60,000-square-foot ground floor, and its entire second level became Good Time Charley's: restaurants, pastry shops, cocktail lounges, a stage, and a pipe organ.

Decades before food halls became a redevelopment standard, Sharpstown had already converted half a department store into one.

The mall itself was about to get much bigger.

A second floor built on top of a working mall

By 1979, there was no room to grow sideways, so in March the owners built up: a full second level added over the existing mall while the stores below stayed open.

The project ran 15 months and added 519,000 square feet, 85 stores, escalators, a glass elevator, and a three-level parking garage.

A two-level JCPenney of 177,200 square feet replaced the north-side supermarket.

The expanded center held its grand opening on May 29, 1980, under a new name, Sharpstown Mall: 1,344,300 square feet of leasable space and 223 stores, nearly double its 1961 floor area.

In February 1989, it was 97 percent occupied.

The shoppers filling it, though, had more options every year.

PlazAmericas - Sharpstown Mall
PlazAmericas - Sharpstown Mall, Houston, TX

The malls that pulled Sharpstown's shoppers away

The Galleria opened in 1970 and took the upscale trade. Westwood Mall opened in 1975, a few miles southwest.

Then came the one that hurt most: First Colony Mall opened in Sugar Land in 1996 and drew off Fort Bend County shoppers and national retailers, a base Sharpstown had counted on for decades.

The 1980s oil bust changed the neighborhood underneath the mall at the same time.

Apartments built for white-collar workers grew more economically stressed, homeowners moved farther out, and southwest Houston grew far more diverse than the suburb Sharp had marketed.

A $50 million renovation ran from late 1992 into 1993, opening a Cineplex Odeon on December 11, 1992, and restoring the Sharpstown Center name.

The losses continued. Oshman's closed in 1997, JCPenney in May 1998.

In 2001, the property was foreclosed, and Travelers Insurance took ownership; Montgomery Ward closed that March as the whole chain liquidated.

A joint venture led by a Houston developer bought the mall in November 2002, put the Sharpstown Mall name back up, and leaned on urban fashion and specialty stores.

Bankruptcy, a hurricane, and one working escalator

Foley's became Macy's on September 9, 2006, when the chain converted.

On March 15, 2008, Macy's closed the store, ending the last original anchor's 46-year run. Finger Furniture left the same year.

By January 2008, the owner was in Chapter 11, and the mall was up for sale, 74 percent leased, with a court valuation of $70 million.

Then Hurricane Ike hit the already-closed movie theater in 2008 and left it with broken walls and a leaking roof.

When a new team took control in 2009, occupancy sat near 40 percent, the mall's own roof leaked, and one escalator out of seven worked.

By 2010, the food court was down to a single vendor.

What happened next started with a request that went nowhere.

PlazAmericas - Sharpstown Mall, Houston, TX
PlazAmericas - Sharpstown Mall, Houston, TX

PlazAmericas: the $10 million rebrand the city declined to fund

In 2009, the owner and manager asked the Southwest Houston tax increment zone for $20 million to reposition the property.

The request was denied. The rebrand went ahead anyway on a $10 million private budget.

In December 2009, the mall became PlazAmericas, built openly around the Hispanic majority of its trade area: an 83,000-square-foot Mercado of small-business stalls, live stages, a family lounge, a children's play area, bilingual programming.

By early 2010, the old Sharpstown signs were coming down.

Occupancy doubled to 80 percent within three years.

On May 31, 2013, Viva Cinema reopened the 42,500-square-foot, eight-screen theater with English-language films subtitled in Spanish, and Spanish-language films subtitled in English, plus a 4,500-square-foot cantina next door.

Small operators grew there. Mega Mangos started inside PlazAmericas and expanded to Dallas and Fort Worth.

By 2021, the mall held 240 businesses, and only 10 of them were national names. The first floor was 98 percent full.

Divided ownership, 3 million visits, and a brand-new dance hall

Baker Katz, a Houston retail real estate firm, bought the main mall building in December 2018: 850,000 square feet, without the attached anchor buildings, the 10-story Jewelry Building (home to more than 100 jewelers), or the outer parcels.

A 1979 operating agreement still restricts the parking lots to parking through 2035; in 2017 it took a Texas appeals court to sort out whether a traveling carnival could even set up on one of them.

Full redevelopment is effectively locked, so the mall adapts in pieces. And the pieces keep filling.

By September 2024, the center held more than 200 retailers, occupancy topped 80 percent, and yearly visits had grown from 1.6 million to 3 million.

Burlington sells in the old Montgomery Ward. Clarewood Supermercado runs in the old JCPenney.

The old Foley's, separately owned, holds small shops, food vendors, and a play area.

Thirsty's, a smoothie shop from the old mall era, closed in February 2026.

Then, on June 11, 2026, Cowboys Red River opened a dance hall on the property: a 2,500-square-foot racetrack dance floor, a mechanical bull, pool tables, room for 2,000 people, doors open from 7 p.m.

to 3 a.m., a house band called Runnin' Behind.

Almost 65 years after Frank Sharp's ribbon, people still come: for quinceañera dresses, gold chains, Spanish-language movies, music on the weekend stages, and now a mechanical bull.

notice
BestAttractions
Add a comment

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: