Sources tell Swamplot that the River Oaks Baptist School is buying the building occupied by Walgreens at 3900 Westheimer Rd., at the southern end of the school’s campus on Willowick Rd. The school will reportedly use the 1.8-acre property vacated by the drug-store chain (and pictured above) for a “possible parking garage and secondary exit onto Westheimer.”
Walgreens won’t be leaving the Highland Village area, however. Workers are already transforming the former Fresh Market grocery store at 3745 Westheimer Rd. (pictured below) into a new Walgreens. It’s currently scheduled to open in March:
Rice Epicurean to Fresh Market to Walgreens
“The Houston market had a few easily identifiable problems even before the drop in oil prices.
1) Older homeowners with paid off or mostly paid off homes are asking unrealistically high prices for fixer uppers or tear downs. That’s slowing down new home purchases and new builds. That was a problem at $100 oil. Well priced homes moved and unrealistically high priced homes sat. People wanting $300K for a total fixer upper inside Beltway 8 or $400K for a lot near the 610 loop are just completely slowing down the revitalization process as those houses/lots sit for months on end while everyone thinks the sky is falling.
2) Near loop new construction is priced exclusively for people making $200K and up. A family of two earners making $50K (teachers, cops, firefighters, non O&G professionals) can only afford to live out west in the burbs, but many are choosing to rent rather than go west. There’s no attempt at affordable housing inside the beltway. When oil goes down, the engineers stop buying in Houston. The aforementioned buyers would be happy with smaller houses they could afford to get into but the developers are chasing the biggest gains possible on each new build.
The real estate market will ultimately be fine for people who didn’t overpay but it would be nice to see changes that reflect reality now that oil is not at $100.” [
The Houston Chronicle‘s former real estate reporter says Hearst is putting the Chronicle complex at 801 Texas Ave. up for sale at a less-than-ideal time. Ralph Bivins reports that the newspaper’s parent company has just selected brokerage firm HFF to market the building, on the block surrounded by Milam, Travis, Texas, and Prairie, and its separate parking garage. But “
Back in March, the Daily Review Café on W. Lamar St. off Dunlavy closed temporarily with a notice about “water issues”; shortly afterward the owners announced the restaurant and its extensive patio wouldn’t reopen. A “for lease” sign has been up at the space for several months, but it now appears the property has attracted a buyer. Eater Houston’s new sleuth-in-residence Jakeisha Wilmore has gathered clues that point to the participation of Gary Mosley’s Creek Group, the company behind the Onion Creek Coffee House, Dry Creek Cafe, and the Cedar Creek and 
Multiple sources tell Swamplot that the 13,525-sq.-ft. lot at the northwest corner of Westheimer Rd. and Mid Ln. that’s currently home to the BoConcept furniture store is in the process of being sold, and that the store will shut down in a few weeks. The 9,513-sq.-ft. building at 4302 Westheimer Rd., just west of the Highland Village Shopping Center, was built in 2003 as Surprises. Photo: 
This 3,848-sq.-ft. 
Themed-residence developer Randall Davis is planning another Galleria-area condo project, and it looks like this one won’t have to 
“I don’t know how it went for 
