COMMENT OF THE DAY: HOLDING BACK THE ONSLAUGHT ON A GALLERIA MOD
“There’s not too much respect for older architecture in Houston. I own a three family near the Galleria. My building was designed by Neuhaus and Taylor and was featured in ‘Houston and the Mod House.’ The developers are sniffing around trying to make deals for the whole street. I may reach a point of diminishing returns soon and be forced to sell. One of the reasons is that the city keeps raising the property taxes so high in ‘hot’ areas by comparing old buildings to the new ratables and raising the old assessments by thousands at a time. At some point you can’t afford to pay the bills with a density of three units on the property. A developer will come in, buy the whole cul de sac, and put up a tower so he can make a lot more money per sq. ft. from the land than we can. When you protest taxes, HCAD listens and lowers the amount a tiny amount. Thus, the little guy is eventually forced out.” [Gary Andreasen, commenting on Comment of the Day: How Houston Tears Down and Sprawls] Illustration: Lulu

“For those of you that think you know about real estate, but don’t, you will find a breakdown of HAR statuses at the bottom of this post. Pending Continue to Show (PS) means that the seller is still willing to have the house shown. It does not mean that there are necessarily any contingencies, it just means that they *might* still allow showings. They still have the right to decline a showing when an agent tries to schedule an appointment, and many sellers do choose to decline the showing, or at least don’t tend to be as flexible as they may have been before the home was under contract. The reality is that most agents don’t show homes that have a PS status anyway, unless the listing agent makes it a point to specify that the seller is willing to accept back-up offers. Many agents don’t use Pending (P) unless the seller absolutely insists on no further showings.
OP — Option Pending: Listings that are under contract and the seller and buyer have agreed to use the ‘Termination Option’ in paragraph 23 of the standard TREC contract, effective 1/1/03;
PS — Pending Continue to Show: Used for listings currently under contract but are still available to show. Listings having a contract with a contingency and taking back-up offers should be Pending Continue to Show;
P — Pending: Used for listings under contact and are no longer available to show;
S — Sold: Used when a property has funded and closed. All sales closed must be reported to MLS. Listings should not be changed to Sold status before the actual closing.” [
After 13 years of serving mimosas in Midtown, Farrago World Cuisine is closing. Catty-corner from the under-construction Midtown Park and one of the first ground-floor participants in that two-block urban walkability experiment around the
The 10 buildings and 52 acres that make up Greenway Plaza have been sold by Crescent Real Estate to Atlanta firm Cousins Properties for $1.1 billion. (The 3-city deal also gives Cousins a 40-story office tower in Fort Worth.) For now, reports the Houston Chronicle, it doesn’t appear that the change in ownership will change the property — though Cousins doesn’t seem to have ruled anything out: “

“. . . In other (mostly northern) cities properties are continuously rehabilitated and repurposed. In Houston, properties are abandoned and demolished and the city sprawls out further from the center. I think that is a fundamental flaw in the mindset (and before anyone starts screaming — I know since I have remodeled properties considered tear downs in the Heights that have proven to be great investments). Granted, it takes guts and money and it may not be worth it to buy something like this, but there are other properties worth saving all over the Heights, Montrose, river oaks, and 6th ward. Every time I see an abandoned property in those neighborhoods it makes my head spin.” [


“. . . I’ve talked a lot about the bad way some developers approach growth in Houston. But neighborhoods are addressing it wrong, too. They’re too reactionary. They sit around doing nothing until a developer proposes something they don’t like, then they mobilize to try to kill it. They need to ask themselves ‘what do we really want in and around our neighborhood,’ and then create master plans to communicate it. (The master plans wouldn’t be enforced — that would be zoning — but they could be used by developers to get a sense of what the neighbors would oppose.)
The Super Neighborhoods were supposed to be a venue where this could happen — they were originally under the auspices of the Houston Planning Department. But I’ve found that it’s actually the Management Districts that are doing master plans. It’s great that they’re happening, but Management Districts are paid for by and primarily serve businesses; and single family neighborhoods aren’t even trying to get in on the efforts.” [


The endangered historic Falstaff Brewery that once harbored a bunch of scared architecture students in a 
“The Skaggs Albertson at Louetta and Kuykendahl is now a DPS Drivers License Center. The old 