08/13/08 8:19am

Your Best Life Now, by Joel OsteenHow did Lakewood Church pastor Joel Osteen and his wife Victoria come by their fancy French home? Osteen explains it all in his first book, Your Best Life Now: 7 Steps to Living at Your Full Potential:

Early in our marriage, Victoria and I were out walking through our neighborhood one day when we came upon a beautiful new home in the final stages of construction. The doors were open, so we stepped inside and looked around. It was a fabulous home, much prettier than any of the other homes in that community. Most of the other homes around us were one-story, ranch-style homes that were forty to fifty years old, but this house was a large two-story home, with high ceilings and oversized windows providing an appealing view of the backyard. It was a lovely, inspiring place.

When we came out of the house, Victoria was excited. She turned around, looked back at the home, and said, “Joel, one day we’re going to live in a beautiful home just like that!” At the time, we were living in an extremely old house that had experienced some foundation problems, preventing all of our doors on the inside from closing properly. We had stretched our faith and spent everything we had just to buy that home and get into that neighborhood. Thinking of our bank account, and my income at the time, it seemed impossible to me that we’d ever work our way up to a home like the one we had toured.

Joel and Victoria Osteen: clearly fans of new construction. But did they get their dreamhouse?

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08/04/08 12:14pm

2202 Addison Rd., Southgate, Houston

Calling it “perhaps the most elegant and beloved in the entire neighborhood,” some saddened neighbors send in a deathbed photo shoot featuring the former Southgate home of retired Rice University architecture professor Elinor Evans. Evans sold the home at 2202 Addison in January.

Lovett Homes plans to build a new house on the property. (HCAD lists the new owner as “5177 Builders Ltd.”) In June, the Planning Commission granted a variance allowing the new garage to maintain the existing 10-ft. setback along Montclair Dr. — in order to preserve a large live oak tree in the back yard. In applying for the variance, Lovett promised to maintain the existing home’s footprint.

After the jump: highlights from the photo shoot, plus a link to the riveting, tree-saving Planning Commission hearing video!

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07/24/08 1:29pm

Huntwick Apartments, 5100 FM 1960 Rd., Houston

A Dallas real-estate firm is ready to rescue the Huntwick Apartments on FM 1960 near Wunderlich Rd. from receivership — and also from its management, before that, by Louisiana real-estate investor Michael B. Smuck.

As of last year, just as it prepared to file for bankruptcy, Smuck’s Louisiana-based MBS Companies owned 65 apartment buildings in Texas — 33 of them in the Houston area. Even prior to that, the company’s property-maintenance skills had reached legendary status. The president and executive vice president of the Houston Apartment Association relayed complaints from residents and neighbors of MBS apartments to the Wall Street Journal last year, and reported that the griping had only increased after the influx of residents fleeing Hurricane Katrina in late 2005.

Here’s a commenter on the Houston Politics blog back in April (quoted in Swamplot), describing the scene at the 288-unit Huntwick:

Balconies have collapsed, lots of overgrown vegetation, the paint is peeling, there is obviously a total lack of maintenance. A large tree split in half on their property adjacent to Coral Gables Dr., and after the dead half lay on the ground (in plain view) for over 6 months, a crew finally cut it into smaller pieces, which then lay in the same spot for another 6 months.

After the jump: What’s happening to the Huntwick, plus the complete Michael B. Smuck Houston apartment roster!

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07/23/08 1:06pm

ALEXAN LOFTS ON THE MARKET Trammell Crow Residential and Morgan Stanley are ready to sell the 224-unit Alexan Lofts, the Second Ward apartments just northeast of Downtown on the site of the failed El Mercado del Sol. Multi-year historic tax credits on the property expire in September. [Globe St.]

07/17/08 2:03pm

LATEST ON THE LATE LATE NIGHT PIE LOCATION HAIF rumor alert: The owners of the Crome nightclub on Shepherd have purchased the former Humble service station on the corner of Elgin and Brazos in Midtown, until recently the location of PM pizza joint Late Night Pie. The Crome owners’ alleged plans for the site: a 2 or 3-story building, which may include a new nightclub. (Late Night Pie has moved on to 302 Tuam.) [HAIF]

07/17/08 10:32am

The Former Bistro Vino Restaurant, 819 W. Alabama, Montrose, Houston

Patio of the Former Bistro Vino Restaurant, 819 W. Alabama, Montrose, HoustonIt took 2 weeks, but someone at last noticed: Montrose wedding-reception capital Bistro Vino has shut down. Scooping a number of popular restaurant-review websites, the Chronicle‘s Nancy Sarnoff reports that owner Mohammad Bayegan sold the house-turned-restaurant at 819 W. Alabama (at Roseland) and a small apartment building next door to an unnamed residential developer.

[La Colombe d’Or owner Steve] Zimmerman, who lived in a house behind Bistro Vino in the late 1970s and 1980s, said the area had been a quiet residential neighborhood until the 1990s, when small businesses opened offices on West Alabama.

In a note on the Bistro Vino website, Bayegan bids

farewell to all our loyal customers especially to our hundreds of brides that gave us the honor to be part of the start of a very important journey of their lives.

After the jump: one of those brides, starting a journey!

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07/07/08 2:00pm

Former Holiday Inn, Days Inn, and Heaven on Earth Inn, St. Joseph Parkway at Travis, Downtown Houston

“A group of doctors and entrepreneurs” calling itself New Era Hospitality is the mystery buyer of the long-abandoned 31-story former Days Inn-former Holiday Inn-former Heaven on Earth Plaza Hotel on St. Joseph Parkway between Travis and Milam, reports Nancy Sarnoff in the Chronicle:

. . . demolition has already started on the interiors, which are being gutted and will be replaced with 340 modern suites, 60 standard guest rooms, 32,000 square feet of meeting space and a swimming pool and bar on top of the attached garage.

That’s down from 600 rooms in the original structure. New Era is hoping either Sheraton, Marriott, or . . . Holiday Inn (again!) will operate the property when it’s finished, in January 2010.

Photo: arch-ive.org

06/27/08 1:54pm

Wabi Sabi House, 2316 Bartlett St., Houston

The Wabi Sabi House in Boulevard Oaks has sold, reports developer Carol Barden. And she says the buyer found his new home . . . by reading Swamplot.

The buyer apparently came across the Wabi Sabi while reading stories on this site about another Barden property: yes, that lonely Modern townhome on Stanford St. in Montrose designed by Francois de Menil that Barden was still trying to unload. Swamplot’s last report noticed that once-a-million dollar townhouse being offered for $749,000. Barden tells us that the Menil townhouse is now under contract. She won’t reveal any pricing details, but says that she “didn’t discount the price again.”

Photo of Wabi Sabi House: Olson Sundberg Kundig Allen

06/27/08 1:26pm

Pool and Guest Apartment at 3002 Pine Lake Trail, the Former Home of Jim McIngvale

Mattress Mack’s home in Northgate Forest sold back in April for $815,000, reports Jennifer Dawson in the Houston Business Journal. That’s more than a 50 percent discount off the home’s original asking price.

The McIngvales’ 7-bedroom, 6,840-sq.-ft. home at 3002 Pine Lake Trail originally went on the market in May of 2007 for $1.75 million. Three months and a $250K price cut later, John Daugherty Realtors decided that marketing the pad as “The Home of Mattress Mack” might help. But it didn’t, apparently. The price cuts spiraled from there.

Jim and Linda McIngvale’s new home is a 2,000-sq.-ft. apartment on the grounds of their Westside Tennis Club on Wilcrest near Briar Forest, but that’s not necessarily a step down, says Dawson:

While the couple may have a lot less house, right outside the door is a resort-styled pool, family fitness center, lighted soccer field and one of the city’s largest yoga facilities.

Photo of 3002 Pine Lake Trail: HAR

06/24/08 5:00pm

Tremont Tower, 3311 Yupon St., Houston

It didn’t garner much local attention, but a certain local condo building — along with a few close friends — made a star appearance in last week’s big mortgage-scam announcement by the FBI. More than 400 people were charged in 144 separate mortgage fraud cases nationwide over the last 3 months as part of the agency’s “Operation Malicious Mortgage.” Six of those arrests were in Houston:

This indictment charges Houston-area residents Frankthea Annette Williams, Ishmael Boyd Laryea, Charles Joseph-DeShawn Wilson, Kristen Anne Way and Robert Wilfred Stanley, and Tasha Rene Bellow, of Burbank, Calif., with engaging in a scheme to defraud by providing false and fraudulent information to residential lenders to induce the lenders to fund the purchase of single family homes and condominium units.

11 News reporter Allison Triarsi describes how the scams worked:

The suspects would find a home for sale, let’s say $200,000.

They would then get a phony appraisal that would almost double the home’s actual value. In that case, $400,000.

The culprits would then look for an investor. That’s someone to actually put the house in their name using their good credit for the closing and title.

A bank would then loan the money for the house, which has the phony appraisal value. The crooks would then pay the seller the $200,000 asking price and pocket the other $200,000.

Here’s a question. If you were trying to run this scam, where would you find properties you could get appraised for as much as twice their actual value? Sure, Houston had some price runups . . . and yes, appraisals can be played. But why fake something you don’t have to?

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06/17/08 5:17pm

A tipster informs us that the lovely 1.35-acre lot at 6040 Glen Cove in Memorial — which had been languishing on the market for about a year and a half — has finally been bought! The purchaser: County Judge candidate David Mincberg.

And apparently, Mincberg isn’t too interested in that free Talbott Wilson Midcentury Modern home that comes with it.

Photo of 6040 Glen Cove St.: HAR

06/12/08 1:56pm

The Cosmopolitan Condo Tower, Post Oak Blvd., Uptown, Houston

A reader has questions about the Cosmopolitan, Randall Davis’s tower-on-a-box on Post Oak:

What’s going on with this building? My wife and I looked at this last month as they were closing out and only had 2 units left, with the agent (surprise) saying they would be sold out shortly. Now there are 4 units on MLS. Are these from the builder or resales? There are only 80 units in the building–I wonder if some speculation is going on as I heard that Randall Davis offers sizable discounts to his employees, who bought several of the units at the Cosmo at a discount and are now trying to flip them. Is this Houston or Miami?

Hey, 4 units for sale out of 80 doesn’t sound too bad. On the other hand, it looks like one of the available units on MLS is, in fact, the Miami.

Cosmo buyers, readers . . . any comments?

Photo: HAR

06/09/08 6:14pm

Former Holiday Inn, Days Inn, and Heaven on Earth Inn, St. Joseph Parkway at Travis, Downtown Houston

A reader points us to the latest rumor swirling around HAIF: The long-vacant, 31-story shuttered hotel on St. Joseph Pkwy. between Travis and Milam downtown finally sold . . . 3 weeks ago! To . . . somebody!

The hotel was built in 1971 as a Holiday Inn and later converted to a Days Inn. In 1992 an organization affiliated with the Maharishi Mahesh Yogi (yes, the one the Beatles consulted) purchased the by-then-rather-shabby structure for $2 million and renamed it the “Heaven on Earth Plaza Hotel.” The irony was not lost on city officials, who shut the building down in 1998; it’s remained (at least officially) vacant since.

If news of a sale sounds familiar, it should be. As Houston Press reporter Craig Malisow wrote last year in a feature on the Holiday Inn and two other vacant properties downtown, the hotel sold in 2004:

The Maharishi people sold it for $8.5 million to a group of investors that included a Colorado Springs outfit called LandCo. Michael Raider, a Houston native who works for LandCo, told the Houston Business Journal in 2005 that the property would be slated for apartments or condos.

Another LandCo guy, Don Nicholas, told the Houston Chronicle in 2004: “An ugly duckling downtown will become a swan.”

Unfortunately, the swan kicked the bucket when the investors defaulted on the $8.5 mill, and the hotel went back to the yogis.

Better luck this time?

Photo: arch-ive.org

05/19/08 7:56am

Rendering of Proposed North Tower at Main and Texas Downtown Houston

Hines has “finalized the acquisition” of the Main Street block between Texas and Capitol Downtown, Nancy Sarnoff reports. That’s the site of the secret new 742,000-sq.-ft. office tower reported here a week and a half ago.

05/13/08 10:57am

A company called JAW Equity Management has bought 5 Houston apartment complexes and is making some changes, reports Globe St.:

The . . . portfolio consists of the 340-unit Westbrook Place Apartments at 7825 Corporate Dr., which has been renamed to The Lodge Apartments; the 294-unit Waterstone Apartments at 7502 Corporate Dr., which was renamed Waterfall Park Apartments; the 252-unit Greenridge Park at 1351 Greens Pkwy., which is now Live Oak Bend Apartments and the 155-unit Wayforest Glen Apartments at 17601 Wayforest Rd. which was renamed Courtyard Manor Apartments. The 224-unit Ashford Point Apartments at 3950 Ashburnham Dr. will operate under the same name.

Please update your address lists.