JUST HOW LONELY IS IT DOWNTOWN? Reporter Yang Wang’s weekend survey of forlorn and empty buildings hanging around Houston’s Downtown includes this little tidbit: “The recently released 2010 census results show one out of four buildings in Houston downtown’s two census tracts is vacant, higher than the city’s average vacancy rate of 12 percent.” [Houston Chronicle]
The Downtown Redevelopment Authority this week approved a loan of $3.3 million to the developers of the Houston Pavilions. But the mall’s developers likely won’t need to pay it back. According to a 2006 agreement that included a promised $14.3 million of TIRZ reimbursements and grants for the sleepy downtown redevelopment project, the developers would only receive the last $3.3 million payment once the retail portion of the project was 70 percent leased. At the moment — thanks in part to efforts by management earlier this year to prevent Books-A-Million from closing up shop there — the retail spaces are 62 percent full. Not a problem: The interest-only loan will tide the developers over until they can get their numbers up. 


Curtain! The oldest tenant at Bayou Place downtown — and the only venue left from the original 1997 retail lineup at the revamped former Albert Thomas Convention Center — closed last week. Mingalone Italian Bar & Grill, with its balcony view of the Wortham Center plaza from across Texas Ave., had a 14-year run. Photo: 




Robert Redford’s Sundance Cinema will spend $2.25 million to renovate the 36,000-sq.-ft. former Angelika Film Center space in Bayou Place downtown, according to today’s official announcement from the Mayor’s office. The new movie complex is scheduled to open on November 1 in the former Albert Thomas Convention Center at 510 Texas St. Underground parking will still be free, but movie showings will have reserved seating only. [
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