Roving Swamplot photographer Candace Garcia spots a for sale sign up at the Libreria Española on the north side of West Alabama between Stanford and Audubon:
I know the owner/manager was elderly, but watching him in the mornings get his shop ready and opening the gates was really a nice thing to see. I’m hoping he is not ill or deceased. It’s always sad to see small businesses close.
Who said it’s closed?
It’s not looking good for the few remaining low-slung postwar Ranch homes on Banks St. in once-aptly named Ranch Estates, in the northeastern stretch of Boulevard Oaks. Last year architect Karen Lantz took apart the Ranch at 1514 Banks, piece by piece. Three more of them have been idling on MLS for months, two at what the sellers consider lot value. The third, at 1515 Banks (pictured above), isn’t priced a whole lot higher, but it’s been out there since September of last year, shedding $50K from its initial $599,950 price tag. Will the owners even get back what they paid for it 15 months before putting it on the market?
River Oaks Examiner reporter Mike Reed makes a valiant stab at deciphering the latest twists in the ongoing legal battle between the owner of the 7.68-acre site at the corner of West Alabama and Dunlavy where the Wilshire Village Apartments stood until last summer and Wedge Real Estate Finance, the lender that’s been trying since then to foreclose on the property. All that time, Matthew Dilick, the managing partner of property owner Alabama & Dunlavy Ltd., has been using a portfolio of delaying tactics to forestall foreclosure — hoping to sell or refinance the property before it’s taken from him and “two unnamed limited partners.”
According to Wedge, a Feb. 2 foreclosure sale marked the fourth month in a row such a sale had been scheduled, only to be halted by court actions.
Conspicuous among the court documents was a check for $1 million from Tour Partners Ltd., of Spring, Texas, to Wedge, dated Jan. 29 with “Alabama Dunlavy funding†written on it. The address on the check matches that of the Augusta Pines Golf Club.
The president of Tour Funding, Dennis Wilkerson, who signed the check, did not return calls from the Examiner. Neither did attorneys for either party in the lawsuit and foreclosure proceedings.
However, a few pieces of the puzzle were available through court documents:
Negotiation to lease the property for use as an H-E-B grocery store have been conducted by a “purchaser†identified as R.H. Abercrombie.
Photo: Swamplot inbox
WILSHIRE VILLAGE OWNERS SAY NEVERMIND ABOUT THAT LAWSUIT Those plot twists just keep twisting! The owners of the former Wilshire Village Apartments at the corner of West Alabama and Dunlavy have dropped the lawsuit they filed at the beginning of this month — the one that claimed their about-to-foreclose lender, Wedge Real Estate Finance, interfered with the owners’ attempts to sell the now-vacant 7.68-acre property. Why? Explains a source: “Whether that is because the claim became moot, or was settled, is unknown.” Of course, they can always refile later! [Swamplot inbox; previously on Swamplot]
City officials are discussing a possible sale of the former basketball stadium now occupied by the nation’s largest megachurch, reports the Chronicle‘s Nancy Sarnoff. When Lakewood Church took over the Compaq Center (formerly the Houston Summit) from the city in 2001, the institution prepayed the entire $12 million rent amount of the 30-year lease, and spent considerably more than that on renovations. The city won’t see any more income from the property for 22 years. According to the agreement, Lakewood has the option of extending its lease for a second 30-year period, for $22.6 million.
How much could the city get for the little church by the Southwest Freeway?
Just what was going on at this property just a quarter-mile south of the South Main Super Target over the holiday weekend? A bit of land clearing, reports a reader, who says the machines are gone now — but so are a fair number of trees: There’s now a pile of logs at the back of the lot.
Its the Northernmost never-developed lot on South Main . . . For-Sale signs have been up forever, so its interesting to see bulldozers hard at work. . . . This combined with the demolition of the Speedway Inn at 10000 South Main is starting a trend for new development.
The L-shaped, 3.36-acre lot wraps behind the car wash to the north. Across the street is the westernmost Reliant Park parking lot. Here’s an aerial view from the listing:
CONTINUE READING THIS STORY
A couple of months ago, a TABC application appeared outside the Indian Summer Lodge, Jeff Law’s quirky and colorful Quonset-Hut-turned-event-compound adjacent to the new Hike-and-Bike Trail off lower Columbia St. in the Heights. And so the rumor began that midtown’s Tacos-A-Go-Go might be moving or expanding there.
Now, however, the Indian Summer Lodge is for sale. A new listing was posted over the weekend on the MLS. The 16,170-sq.-ft. property features three buildings — the lodge, the “loft” (the Quonset hut), and a treehouse with skyline balcony.
Here’s what $775,000 gets you:
DILICK: PAY NO ATTENTION TO CHAPTER 11 A well-timed bankruptcy filing earlier this week by the entity that owns Wilshire Village did in fact prevent the almost-8-acre vacated property at West Alabama and Dunlavy from foreclosure: “Matt Dilick, whose name is listed on the Secretary of State’s web site under registered agent for Alabama & Dunlavy Ltd., said his role is that of development manager. His company, Commerce Equities, ‘is proceeding with its development plans on the property and continues to market the property,’ Dilick said. He recently told me that the property was being offered for sale, but there was a chance he’d still build something on the land.” [Prime Property; previously on Swamplot]
Let’s see . . . there was today’s planned foreclosure auction for Wilshire Village. What else does Matt Dilick of Commerce Equities have going on?
Swamplot’s neighborhood correspondent for Bellaire reports on Commerce Equities’ proposed development on one portion of a couple of long-vacant tracts at the northeast corner of Bissonnet and Newcastle:
The plots of land at 4400 and 4500 Bissonnet, between Newcastle and the Centerpoint service center, are being cut up and sold. . . .
Evidence of surveying and subdivision in recent weeks has recently given way to signboards indicating that the north third of the open land at 4500 Bissonnet will be cut up into six residential lots while the two-thirds fronting Bissonnet is reserved for commercial. The next block over, across Howard Street, commercial space is being developed to open before April of 2010. According to flyers on broker David Nettles’s website, approximately 62% of the 20,000-some-odd square feet of office space is still available.
But the two parcels — totaling almost 4 acres — have more of a connection to Wilshire Village than just the involvement of Dilick.
By popular demand — and in hopes that even more exciting or sordid detail might be gleaned from the legalese therein — we’re making available the trustee’s sale notices for Wilshire Village that were sent to Swamplot yesterday. The notices describe the foreclosure peril faced by Alabama & Dunlavy Ltd., the limited partnership apparently controlled by Matthew Dilick of Commerce Equities. That partnership owns the 7.68-acre now-vacant property at the corner of West Alabama and Dunlavy.
Here they are:
Think there’s more — or less — to these documents than meets the eye? Find any clues, factoids, or muck hidden between the lines? Think any of it helps explain the bizarre sequence of events that’s taken place at Wilshire Village over the last few years? Let us know!
Photo of Sign at Wilshire Village, 1701 West Alabama St.: Swamplot inbox
East End blogger Dana Jennings was eager to see what the owners of what was once the Avalon Theater at the corner of Lawndale and 75th St. — just east of the Forest Park Cemetery — had in mind for the property. From last month:
It’s most recent use was as a church. Usually alot of traffic, both foot and vehicular, was seen on Sundays. They’ve moved to a more hopeful location about 2 years ago.
I always thought this would be remodeled into apartment homes. It’s right across the street from La Michocana Meat Market and Grocery, the 99 Cent store, CVS pharmacy, fast food and the Washateria. The bus line runs along Lawndale. It’s a lively corner, active, but again, and I know I’m repeating myself, it’s not threatening. In other obvious words, it would make a great place for new apartments.
The building, still labeled “Living Hope Church,” was demolished September 4th. So what’s the latest on the property?
The Swamplot Price Adjuster needs your nominations! Found a property you think is poorly priced? Send an email to Swamplot, and be sure to include a link to the listing or photos. Tell us about the property, and explain why you think it deserves a price adjustment. Then tell us what you think a better price would be. Unless requested otherwise, all submissions to the Swamplot Price Adjuster will be kept anonymous.
Location: 2506 West Main St.
Details: 2-3 bedrooms, 2 baths; 1,779 sq. ft. on a 9,473-sq.-ft. lot
Price: $950,000
History: On the market since the beginning of September.
Just a couple blocks south of the intersection of Kirby and West Alabama is this behind-the-Carrabba’s-parking-lot home, apparently being marketed for lot value. The reader who’s nominating this property calls it:
Cute little house, but almost a million for it. Represented by Carraba Property. Next to restaurant of the same name. For that price, a lifetime supply of free Italian meals should come with purchase.
Okay, what about without the meals? What should it cost then?
Here’s a view of the new sign up at the now-scrubbed site of the former Wilshire Village Apartments at the corner of West Alabama and Dunlavy. It’s . . . for sale! Apparently, all that demolition work was just for staging.
Can we get a closeup on that sign?
Did we really need that extra day to come up with a winner? Well, not exactly. Your extra-day guesses for this week’s game weren’t much closer. But let’s work with what we’ve got!
First, here’s where you thought this week’s mystery homestead might have been: Champion Forest, the Northgate Country Club area, Old Town Humble, Minnetex, Jersey Village (2 guesses), “off south Gessner near Bellaire,” “on the east side of town south of Highway 90 just outside the Beltway,” “a barely incorporated area of Humble,” the FM 1960 corridor, Stafford, Zip Code 77024, Atlanta, Kingwood, Spring Branch (2), Spring Shadows, Eastwood, “east of Downtown,” Midtown, South Houston, near Fuqua, “between 290 and 45, 610 and Little York,” Friendswood (2), Mission Bend, Timbergrove Manor, “the Heights/near North Side around Airline,” Heritage Park in League City, Pearland, Southwyck in Pearland, Ponderosa Forest, Olde Oaks, Memorial Northwest, Dickinson, League City, Santa Fe, “off Stella Link,” “the swath between 45 North and 59 North, within train horn distance of the Hardy Toll Rd.,” Aldine Bender, Aldine Mail Rd., “off Post Oak South, east of the Meyerland area and south of 610,” “all of the areas not chosen between Katy, Highway 90, Ft. Bend Tollway/Beltway 8, and I-10,” “the Crosby/Highlands area,” the Energy Corridor, Thornwood, LaPorte, Seabrook, “from 225 to the Kemah bridge on the bay side of 146,” Shoreacres near the Houston Yacht club, “an unincorporated semi-rural subdivision in the wild woods of Metro Conroe,” Atascocita, Brazosport, Fondren Southwest, “Lakewood/Grant and Jones/Eldridge area,” Santa Fe, the Bear Creek area, Baytown, Bellaire, West Columbia, Spring, Tomball, Magnolia, Galveston, Cypresswood, Enchanted Oaks, outside Alvin, Tiki Island, San Leon, Lake Jackson, the Houston Ship Channel, “off 59 near Lake Houston,” and Sugar Land.
That’s a lot of running around town!
The winner of this week’s (and, in fact, last week’s) prize — the new HIWI: Ike book, the original HIWI book, and that “Hunkered Down” stencil kit from Houston. It’s Worth It. — is marmer, for this:
What a strange place! I agree it looks like a manufactured home, but it’s just too big and there are too many details in the bedrooms to really convince me. I agree it’s quasi-industrial, too. Has anyone guessed the sketchier part of the Heights/near North Side? Kind of around Airline?
Not exactly a correct guess. But can we focus in on just those last two words — and ignore the rest . . . ?
Congratulations, marmer!
Our two runners-up are Jessica1 — who wisely chose to stretch an earlier guess north of Little York, but veered too far west to Jersey Village — and Harold Mandell, who set up camp on the wrong side of I-45.
Let’s take a look at this place, shall we?
The old Bruce Elementary School on Bringhurst St. in the Fifth Ward — featured on Swamplot just last week and apparently just about ready to go up for sale — went up in flames last Friday night, reports our neighborhood correspondent. A story featured on Abc13 news says the building did suffer major damage from the flames, and makes it sound as if arson is suspected. Did any of the asbestos do its job?
Photo of former Bruce Elementary School, 713 Bringhurst St.: Vaughn Mueller
