The complicated transaction that allowed the city to sell the 10.52-acre brownfield site along Allen Parkway between the Federal Reserve building and Allen Parkway Village to an apartment developer was concluded in late April, the Houston Business Journal‘s Paul Takahashi reports. Alliance Residential paid $39.9 million for the property along Gillette St., where the city began operating a solid waste incinerator in the 1920s and later converted the site for use as its fleet maintenance facility. The company immediately sold the northern 6 acres to an unnamed private investor; Alliance now plans to build a 365-unit apartment complex on the southern half of the property, fronting Gillette and West Dallas St.
Fourth Ward
The construction fence surrounding the 
“One of the reasons rents have gotten pretty high in the last decade is people finally realized that owning a house is not what it’s cracked up to be. You can have a pretty decent apartment inside the loop for $2k a month which will only buy you about a $200k house which means you get an old small house between the loop and beltway, or a decent new house outside of the beltway. Also, you don’t start building real world equity in the house until after year 7 and coincidentally average time people live in a house is 5-7 years. Renting also allows for extreme flexibility in case your job changes, you create little clumsy clones of yourself, or simply don’t like changes in your neighborhood.
There was a study that showed that during the great recession there was a much higher rate of unemployment in Home Owner vs. Renters because after losing their job, Home Owners either were unable to sell or refused to sell their homes and simply move to an area with better job prospects.” [
The 
If you were thinking its purchase by a SoCal investment firm almost exactly 1 year ago meant the pseudo-Japanesee 1962 apartment complex at 1919 W. Main St. would be shielded from the evict-and-redevelop cycle for a few years, think again. Apartment Income Investors has put the Takara-So Apartments, which sit on most of the block surrounded by Hazard, W. Main, Colquitt, and McDuffie, back on the market — with a twist. Though on-site signs have not been changed, 
