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==Economy== [[File:ShellBellaireTechCenterSouthsidePlaceTX.JPG|thumb|[[Shell Oil Company]] Bellaire Technology Center]] The [[Braeswood Place|Braes Heights]] Shopping Center, a two-story [[mid-century modern]] shopping center, is located in Southside Place.<ref name=BestStripMall>"[http://www.houstonpress.com/bestof/2012/award/best-strip-mall-3097416/ Braes Heights Shopping Center]." ''[[Houston Press]]''. Retrieved on October 13, 2012. "Braes Heights Shopping Center 3800 Bellaire Blvd. Houston, TX"</ref><ref>"[http://www2.census.gov/geo/maps/dc10map/GUBlock/st48_tx/place/p4869272_southside_place/DC10BLK_P4869272_001.pdf DC10BLK_P4869272_001.pdf]." ([https://web.archive.org/web/20160113122434/http://www2.census.gov/geo/maps/dc10map/GUBlock/st48_tx/place/p4869272_southside_place/DC10BLK_P4869272_001.pdf Archive]) [[U.S. Census Bureau]]. Retrieved on October 13, 2012.</ref> In 2012 the ''[[Houston Press]]'' ranked the center the "Best Strip Mall - 2012" due to its abundance of small businesses that made the editors feel nostalgic. The editors said "In many ways, Braes Heights seems more like [[Rice Village]] than Rice Village" because many iconic small businesses had left Rice Village by 2012.<ref name=BestStripMall/> [[Shell Oil Company]]'s Bellaire Technology Center had been located in Southside Place.<ref>"[http://www.shell.com/home/Framework?siteId=eandp-en&FC2=&FC3=/eandp-en/html/iwgen/researchandtech/hightechbusiness/85yrsofresanddev/85yrsofresanddev_10171157.html 85 years of research and development]. ''[[Royal Dutch Shell]]''. Retrieved on December 13, 2008. {{webarchive |url=https://web.archive.org/web/20110927130031/http://www.shell.com/home/Framework?siteId=eandp-en&FC2=&FC3=/eandp-en/html/iwgen/researchandtech/hightechbusiness/85yrsofresanddev/85yrsofresanddev_10171157.html |date=September 27, 2011 }}</ref> The {{convert|310000|sqft|m2|adj=on}} facility opened as a geophysical processing center in 1936. For decades many scientists and engineers discovered and studied facts related to oil and natural gas. In 2008 Shell announced that it would close the Bellaire facility and expand the Westhollow Technology Center in Houston to accommodate most of the staff employed by the Bellaire center, while some staff would go to the Woodcreek Technology Campus in western Houston. Shell said that it closed the Bellaire facility partly because two thirds of the land was leased, and the lease was set to expire in 2010.<ref>Hays, Kristen. "[http://www.chron.com/business/energy/article/Shell-outgrows-Bellaire-technology-hub-1764675.php ENERGY / Shell outgrows Bellaire hub / West Houston campus to expand to replace old research center]." ([http://www.chron.com/CDA/archives/archive.mpl?id=2008_4592941 Alternate link]) ''[[Houston Chronicle]]''. Wednesday July 2, 2008. Business 1. Retrieved on December 13, 2008.</ref><ref>"[http://www.shell.com/home/content/chemicals/aboutshell/who_we_are/our_locations/research_centres/westhollow_texas/westhollow_texas.html Research centres]." ''[[Royal Dutch Shell]]''. Retrieved on January 14, 2009.</ref> The move decreased tax revenue into the City of Southside Place; the city rezoned the parcel for various land uses.<ref>Perin, Monica and Jennifer Dawson. "[http://houston.bizjournals.com/houston/stories/2008/07/07/story3.html Shell move to put choice land up for grabs]." ''[[Houston Business Journal]]''. Friday July 4, 2008. Retrieved on December 13, 2008.</ref> The Palace Bowling Lanes [[bowling alley]], a two-story, {{convert|80000|sqft|sqm|adj=on}} structure that was built in 1955,<ref name=FeserPalaceRevived>{{cite news|author=Feser, Katherine|url=https://www.chron.com/business/real-estate/article/Palace-Bowling-Lanes-to-be-revived-as-Southside-13218210.php|title=Palace Bowling Lanes to be revived as Southside Commons mixed-use development|newspaper=[[Houston Chronicle]]|date=2018-09-10|access-date=2018-09-11}}</ref> was on a {{convert|2.8|acre|ha|adj=on}} plot of land in Southside Place. In October 2016 the owners sold the alley, which had been renamed Bowl on Bellaire but still had signage reading "Palace Bowling Lanes", to Sparkle Frame, and that group closed the business later that month.<ref>{{cite news|author=Feser, Katherine|url=https://www.chron.com/business/bizfeed/article/Palace-Lanes-locked-out-by-landlord-10158963.php|title=Palace Bowling Lanes on Bellaire closes|newspaper=[[Houston Chronicle]]|date=2016-10-26|access-date=2018-09-11}}</ref> In September 2018 the real estate firm Triple Crown Investments stated that it would remodel the building into the Southside Commons complex, and Arch-Con Construction will be the construction company.<ref>{{cite news|author=Pulsinelli, Olivia|url=https://www.bizjournals.com/houston/news/2018/09/10/former-palace-bowling-lanes-to-be-redeveloped-as.html|title=Former Palace Bowling Lanes to be redeveloped as Southside Commons, which consist of entertainment venues and offices |newspaper=[[Houston Business Journal]]|date=2018-09-11|access-date=2018-09-11}}</ref> A bowling alley, restaurants, {{convert|10000|sqft|sqm}} of retail space, and other entertainment facilities will be on the first floor; the restaurant and entertainment businesses would take up a total of {{convert|30000|sqft|sqm}} of space. Offices, including medical and non-medical purposes, occupying {{convert|40000|sqft|sqm}} are to go on the second floor. The building is scheduled to re-open around Summer 2020.<ref name=FeserPalaceRevived/>
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