Simon PropertyGroup Inc. plans to develop a luxury hotel and residential tower atThe Galleria inHouston as part of its ongoing renovation efforts at the property.

The mixed-use building will have direct access to shoppingand dining, the company said April 7.

The company said in February that it to spend up to $250 million atthe property. Renovation plans include the transformation of the into a multilevel mall extension following the opening of the new flagship Saksstore and a new freestanding retail property, known as the Jewel Box, which wascompleted in late 2015.