- New Hampshire Firm Buying Grocers Supply Warehouse and Distribution Operations, but Not Fiesta Mart [Houston Business Journal]
- Galleria H&M Opens This Thursday [KHOU]
- Midtown’s BlackFinn American Grille Closed for Good ‘Due To Unforeseen Circumstances’ [Culturemap]
- Former Barringer Bar Co-Owners Locked Out of Downtown Space Tease Possible New Bar [Eater Houston]
- Labor Shortages, Higher Home Prices, Tougher Lending Standards Will Keep Texas Housing Market Competitive, Says Report [Prime Property]
- Commercial Leasing Website RealMassive Launches in Houston, Dallas, Fort Worth, San Antonio [Culturemap]
- Intersection at Buffalo Speedway and U.S. 59 Reopens Weeks Ahead of Schedule [The Highwayman]
- Texas Drops a Spot to No. 4 in Site Selection’s Latest Ranking of the Top State Business Climates [Houston Business Journal]
Photo of 2111 Washington Ave: Molly Block via Swamplot Flickr Pool
Headlines
The Big Boy mascot is a registered trademark, how were they getting away with using it to promote their business I wonder… Big Boys do still exist but not in Texas any more.
i must not understand that realtors report very well as I was seeing the opposite conclusion. higher home prices and tougher lending standards through 2015 would mean higher barriers pushing back against continued demand. the Houston chart shows median and average home prices falling with inventory rising. understood that that probably reflects the fact that most of Houston’s growth continues to be the in the outer burbs more than anything, but still, that Q2 2013 is definitely an inflection point in the current data and moving into the winter period I’d expect it to look even more pronounced come Q1 2014.
Bars are notoriously bad tenants, vast majority of them rely on popularity, which is very finicky and can disappear overnight. The people that open bars, just abandon the property leaving a trail of unpaid bills and just open in a different place to fail a year later again.
@commonsense – I don’t think that’s the case with Barringer Bar. As a tenant, they did 3-4x the business that the owner’s downstairs bar did (http://i.imgur.com/OpfFlvE.png). I wish the Cook’s good luck. They had a classy and enjoyable speakeasy with Barringer.
I don’t get this bit about ‘tougher lending standards’. The news is reporting Sallie Mae and Freddie Mac have greatly lowered standards, I suppose all the better to entice lenders into making questionable loans, so after the next big crash, said lenders can be coerced into paying big penalties. Recently these have been a line item in the federal budget, and those cows have to be milked.
The only time I ever went to berringer was the week they opened. There were maybe 5 or 6 people there, and I stood at the bar watching both bartenders on their phones never offer me a drink. So I left and never returned.
The pictures on the wall were cool, but I never thought this place would last, especially not now with prohibition opening back up downtown
I can seldom match the picture with the corresponding article in this feature. What article does Bob’s Big Boy go with?
Restaurants/bars/hospitality-related businesses have always been here today and gone tomorrow, exceptions being few like family-owned establishments whose business model has always been the same. No surprise that in the trendiest part of town where the competition is the highest that only the strongest survive. Trendy places will always come and go, because the customer base that attracts them are the come-&-go type. Landlords should come to expect this as the new normal and require guarantors to co-sign the leases. Houston foodies who think they can wing it (and fail) are a dime a dozen.
I think using “new normal” in every post should become the new normal.