Restaurant

HOUSTON — Restaurants Nobu and Fig & Olive will open at The Galleria in Houston. The property, which is owned by Simon Property Group, includes more than 75 retail stores and restaurants. Nobu, in a transaction that was brokered by RKF, will open its first location in Houston and second in Texas at The Galleria in fall 2017. The restaurant will serve Peruvian-Japanese fusion cuisine in a 10,000-square-foot space formerly occupied by Saks Fifth Avenue. New York-based Fig & Olive is a French-style restaurant that will also open in fall 2017. It will be the brand’s first location in Texas and the lease was also brokered by RKF. Fig & Olive will occupy more than 7,000 square feet.

FRISCO, TEXAS — NewQuest Properties has acquired land to develop a retail center in Frisco. Construction will begin on the development, which will be known as Frisco Ranch, in October. The 110,000-square-foot center will be situated on nine acres just northeast of the intersection of Preston Road and Warren Parkway. The site was acquired through direct negotiations between the seller, Lebanon Joint Venture, and Houston-based NewQuest Properties, which was represented by Heather Nguyen and John Nguyen. Three anchor tenants have signed on for the development. The tenants are: 99 Ranch Market, which has preleased 44,875 square feet; Daiso Japan, which has leased 10,000 square feet; and 85°C Bakery Cafe, which has leased 3,000 square feet. The same trio of retailers also anchors NewQuest’s Carrollton Town Center, a similar retail center located in Carrollton. Callaway Architecture of Dallas is the architect for Frisco Ranch, which is expected to open in summer 2017.