COMMENT OF THE DAY: INNER LOOP RENTS, HARD AND HIGH “I have to disagree with rents being soft in the inner loop. I just relocated here in January and, unless things have changed, I found rents exceedingly high and availability low. Granted, I did not want a cookie cutter apartment, but I was blown away by the prices. I looked at the new Gables property on Kirby and they were $2,500 minimum a month for a two bedroom. The kicker was that they’d only accept a 18 month lease. I thought that was crazy. The Alexean on Westheimer was a little cheaper at $2,000 per month but it didn’t seem well built. I preferred condo’s or houses to apartment complexes and most of them were in the $2,000 plus range. Those under $2,000 that were nice rented almost immediately after coming on the market. I wound up in a two bedroom house in Montrose for $2,600 and everyone I talk to seems to think I got an ok deal. I have to concur that it seems more expensive to rent than buy. I certainly could have bought for less in this market but, being new to town, didn’t want to dive in to home ownership immediately. Anyone that says Houston is cheap hasn’t looked at inner loop real estate.” [Charlie, commenting on Where Rents Have Dropped]
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Montrose
And now, yet another Montrose convenience-store fantasy.
- Sharad Patel’s Dance des Fanatiques de Bazarette [YouTube, via B.S. Houston Art Blog]
- The May Artist SPEAKeasy [Spacetaker]
- Best Convenience Store: Pak’s [Houston Press]
Video: Sharad Patel
Who says the architecture business in Houston is slow?
- Busy Bees [BRAVE/PRAXIS]
Reader rdan weighs in on Swamplot’s recent discussion about the boundaries of Montrose:
In order to address the confusion/questions over Montrose neighborhood designations, I dug up the attached map that was put together a few years ago by the Neartown Association, the umbrella organization for the roughly 20 neighborhoods and civic associations that constitute the area known as “The Montrose”. Some of the civic associations, such as Mandell Place, Winlow Place, and Cherryhurst, represent the original legal subdivisions that were established in the 20’s. Others, such as WAMM (Westheimer Alabama Montrose Mulberry Civic Association), were established more recently to help property owners re-establish deed restrictions that had lapsed over the years.
In doing a little research on HCAD, it appears to me that the areas represented by WAMM,
Audubon Place, a portion of Avondale (south of Westheimer?), and all or part of the UST campus covers what was the original Montrose subdivision.
- Comment of the Day: Name My Neighborhood [Swamplot]
- Comment of the Day: Where Montrose Begins and Ends [Swamplot]
Image: Neartown Association, via Swamplot inbox
COMMENT OF THE DAY: WHERE MONTROSE BEGINS AND ENDS “. . . the referenced area has been known as ‘Montrose’ since the 1960s, at least. There are numerous ‘pockets’ not in original Montrose that have historically been called part of the area for decades. Generally, east of Shepherd, west of the US 59 spur (and Brazos), N. of 59, and S. of W. Dallas connotes ‘the Montrose’ or the Montrose-area, even if it does not denote it. I, too, once tried to parse the issue, (Winlow), but eventually, one gets tired of people saying ‘Oh, yeah, you mean Montrose!’. I love Montrose, and I don’t need neighborhood signs or old, original designations to muddy the waters. Believe me, if it seems ‘Montrosian’, then you’re in the ’trose (start with at least a smattering of 1930’s bungalows). Nothing quite like it the southern U.S architecurally, ethnically, socially and socio-economically. Montrose is our big, sloppy, lovable integrated, tolerant heart. If you want to say ‘I’m in the ____ part of the Montrose’, fine. Besides, Montrose always finds YOU, if you’re around it.” [devans, commenting on Comment of the Day: Name My Neighborhood]
Okay, everybody out with your Regent Square renderings! HAIF’s lockmat digs up images of additional structures planned for the 15-acre North Montrose mixed-use complex, including two separate projects from the Venezuelan Miami architect Luis Pons.
What’ve we got here?
Pons’s “Regent Square Launch” looks more like a transit station than a boathouse. But who knows? Buffalo Bayou is just across Allen Parkway!
Many more pics:
Here’s a view of the 28-story condo tower New York’s Handel Architects is designing for Regent Square, the 15-acre mixed-use project GID Urban Development Group is planning for North Montrose. The 450,000-sq.-ft. tower is meant for Regent Square’s westernmost reaches: the corner of West Dallas and Greenwich Place, just east of the College Memorial Park Cemetery.
Each of the 150 condos in the building has a balcony. All the units on the western face, shown above, have indented double-height outdoor spaces. The sleek eastern face, looking toward Downtown, is very different: It has a floor-to-ceiling curtainwall. Handel expects the building to be LEED-certified.
More images:
LETTING THE TIRZS FLOW Work on public improvements connected to the 4-million-sq.-ft. Regent Square project in North Montrose will begin by October, and work on the actual development will begin by a year later, according to an agreement approved by city council yesterday. GID Urban Development Group, the project’s developers, will be reimbursed for $10 million of its work on public streets and sidewalks through the Memorial Heights TIRZ. What’s next? “[Mayor] White said he generally has shied away from such public-private development efforts, but would continue to review opportunities on a case-by-case basis for distressed properties, such as Sharpstown Mall, and for other major projects already in the works that have been delayed or canceled amid the national economic crisis. . . . The mayor made note of a number of properties to which he hopes to attract developers, including in the Leland Woods TIRZ near Homestead Road and East Little York, the Near Northside TIRZ immediately north of downtown Houston, and in the Fifth Ward TIRZ. Other potential incentive packages may not be administered through a TIRZ, he added.” [Houston Chronicle; previously in Swamplot]
What’s inside that special $10 million life-support package for the Regent Square development City Council is considering?
The reimbursements proposed for Regent Square would be administered through the expansion of the Memorial Heights Tax Increment Reinvestment Zone. Under a TIRZ, property tax revenues generated within the boundaries are frozen at a specified level. As development occurs and property values rise, tax revenue above that level, known as the increment, is funneled back into the zone to pay for infrastructure and capital improvements to help attract further development.
Under the plan before council today, part of the increment will be given back to the specific developer rather than the redevelopment authority that operates the TIRZ.
An update on recent comings and goings:
- Now Open: “A small group of cocktail freaks,” including former Beavers bartender Bobby Heugel, have at last opened the doors of Anvil Bar & Refuge on the Westheimer Curve. The location was originally a Bridgestone-Firestone tire shop, but was known more recently as the home of the Daiquiri Factory and Sliders.
- Closed: In advance of that new 25,000-sq.-ft. Spec’s opening up in the former Linens ’N Things in Weslayan Plaza, owner Christopher Massie decided to shut down Cepage Noir, his considerably smaller wine shop on Times Blvd. in the Rice Village.
More twists and turns:
Thank you for your concern, but the “The Pie is alive and strong,” reports Late Night Pie owner Mike Bell. Earlier this week, Katharine Shilcutt reported in the Houston Press‘s Eating Our Words blog that the pizza joint at 302 Tuam, in the eastern stretches of Montrose, had closed.
And indeed it had. But the Pie shall rise again — next week — Bell tells Swamplot:
Its been a rough couple weeks being closed but we are reopening on monday. The only major change is that we are adding a full liquor license and new selections of draft and bottle beer. Our wine list will also be new and improved. . . . Wait till everybody sees our new [custom] front door made by the nationally known artist Mik Miano. It’s awesome and will be installed this weekend for everybody to enjoy.
- Late Nite Pie Takes a Dirt Nap [Eating Our Words]
- The Late Late Night Pie [Swamplot]
Photos: Mike Bell
The fog cuts both ways: Reader Stephen Cullar-Ledford sends in this view looking back at Downtown, taken from the AIG American General building on Allen Parkway yesterday morning.
. . . Along with yet another economy/fog/building metaphor, ripe for the captioning:
THE LATE LATE NIGHT PIE [Update, 3/20: Late Night Pie’s owner says the restaurant is reopening Monday.] Midtown fugitive Late Night Pie is no more, Katharine Shilcutt discovers: “The popular pizza joint moved to Tuam a year ago, after their original ice house/converted garage location a few blocks away on Elgin was purchased by a nightclub owner. The plans to open a nightclub fell through, and the building has now been converted into a pub/restaurant, Saint Dane’s. No information about the closure has been posted to Late Nite Pie’s website and calls to the restaurant have gone completely unanswered . . . The word on the street is that the owners ceased paying their rent, which certainly doesn’t come as a surprise in the current economic climate. Combine the restaurant’s expansion into a much larger space in a pricey area with the dwindling numbers of diners, and you have a recipe for failure.” [Eating Our Words]
Reader Mary Ellen Arbuckle sends in a few shots of the beleagured AIG American General building on Allen Parkway, which she snapped earlier this morning from a perch on the 36th floor of the KBR Building Downtown. “Could this be forefogging?” she asks.
It might be a bit tough for anyone see a way through this mess. Do things look any better if you take the long view?
