Waiting patiently on the market since last October: the landmark Old Humble Antiques & Collectibles shop at the corner of E. Main St. and N. Avenue C in downtown Humble — still available for the same ol’ price of just under $600K. Comes with a 3,500-sq.-ft. living space above, plus a 2-car garage with a separate apartment above it tucked around in back.
Listing photos still show a bit of Humble memorabilia inside. Is haggling allowed?
COMMENT OF THE DAY: THE MIDTOWN CVS DOMINO EFFECT “. . . CVS didn’t follow Post Midtown’s urban scale approach even though its lot was right across the street and the collective wisdom at the time was that Gray and Bagby would be built out with mid-rise, mixed-use developments right up to Main and the new rail line. It seemed so obvious and for those who longed for true urban living in this town, it was a dream coming true. CVS didn’t play ball simply because they didn’t have to. No code required them to build in any way, shape, or form that might have benefited the collective vision of Midtown. So be it, that’s Houston. However, after CVS bucked the urban trend, so did most every developer after them. So instead of all or most of Midtown being walkable, populated with street life like just the 3 blocks developed by Post ultimately became; Midtown’s blocks are populated with suburban style apartments complexes with no street life whatsoever, just block after block of gates and fences. If Houston had had the guts to enact urban design strategies then, Midtown would be the success that similar areas have become in Dallas, Atlanta and other cities. Houston punked out and we are all the losers for decades to come. Ironically the very same developers who fought urban guidelines in Midtown were building successful urban properties in all those other cities at the same time. . . .” [John, commenting on Cul de Sac City: Houston’s Ban on New Street Grids]
And suddenly, Houston Pavilions gets some action:
NRG Texas and Reliant, NRG’s retail electric company, have agreed to lease 240,000 square feet of the 11-story Pavilions Tower, which comprises most of the building at 1201 Fannin.
NRG/Reliant will take 10 floors. The law firm Sheehy, Serpe & Ware has the top floor.
The bottom three floors of Pavilions Tower have always been designated as “swing space,†which could have been used for retail or office space, Houston Pavilions co-developer Geoff Jones said. NRG/Reliant will take all of the swing space, as well as some additional space on the second floor that initially had been designated for retail, Jones said.
How much of that lonely and vacant retail “additional space” on the second floor is being turned into office space?
At last: That year-old, right-up-to-the-street, parking-garage-behind The Mix @ Midtown building at 3201 Louisiana gets a ground-floor tenant! Going into the buildout in the space at the southeast corner of Elgin, below 24 Hour Fitness: a new Japanese restaurant.
Want a peek inside?
Is this a view of a planned replacement for the Compass Bank building at 2200 Post Oak — a block north of the Galleria — that was imploded back in March? So claims Reverberation, a participant on the SkyscraperPage forum, who posted the image. Reverberation adds that the Redstone Companies is calling the project The Perennial, and that it’s “supposedly coming 2011.”
The 4-acre site is immediately north of the Centre at Post Oak shopping center. The street on the far left of the rendering appears to be Post Oak; that would put Guilford Ct. on the right. The project appears to include office, residential, and hotel components, along with at least one multi-story parking garage.
As a poster on HAIF points out, the domain name theperennial.com redirects to the Redstone Companies website. Records show the domain name has been registered to Redstone Companies since 2004. Redstone has not officially announced its plans for the website — or the site on Post Oak.
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.
Allegro Builders president and CEO Lambert Arceneaux has no more employees to let go from his company, and has had problems paying his subcontractors, a source tells Swamplot. Starting way back in the olden days of a dozen years ago, Arceneaux pioneered the concept of tearing down tired old Sears catalog homes and single-bathroom working-class bungalows in the Heights and replacing them with high-dollar luxury homes in Victorian dressing. After proving to other builders that land banking and upscaling the Heights could be a lucrative business, Allegro eventually stretched its repertoire to million-dollar-plus whirlpool- and wine-cellar-enshrined fantasies that mimicked a variety of regional historical styles.
Our source says Allegro’s project manager was let go a couple of weeks ago — and that “there’s no money coming in.”
Allegro also developed two small but high-profile mixed-use buildings on Studewood. One is now known as the home of Bedford Restaurant. An earlier effort across 10th St., which houses Lance Fegen’s Glass Wall restaurant and Allegro Builders’ offices upstairs, is shown here in a rare early photo — minus its usual tight single-wythe street wall of valet-parked SUVs:
The River Oaks Examiner‘s Cynthia Lescalleet says her recent tour of West Ave at the corner of Kirby and Westheimer “felt a bit like a campus visit for a really, really, ritzy college.” But wait, there’s more:
Rising seven-stories, West Ave. is hard to miss. The project by Gables Urban is massive and ambitious, and that’s only the first phase. The two-acre lot behind it, now used as a construction staging area, will be Phase II. Some day. It may spend the interim as overflow parking.
Further details about that Upper Kirby campus:
Here’s a surprise: a construction permit for a new 23-story Chinatown Asiatown condominium tower was issued yesterday for Park 8 Place. Remember Park8? That’s the freeway feeder megastrip project planned for just across Brays Bayou from Arthur Storey Park, along Beltway 8 south of Bellaire Blvd. The one that called itself “The Land of Oz.”
The entire development was supposed to include three 20-something-story residential towers, a hospital, two 2-story retail-and-office strips, and a couple of parking garages — all in a quaint freeway-and-park-side setting. A foundation was poured for the first condo building last year, but Park 8 CEO David Wu put the project on hold after he was unable to secure financing. So the construction crane came down.
There’s a lot of junk for sale in this tiny Norhill storefront: Thermoses from the 1970s, a bouffant-hairstyle catalog, a 1967 Delta Zeta sorority photo, hand-painted cans of Campbell’s Soup, and — writes Kelly Klaasmeyer in the Houston Press — “what is possibly the world’s largest extant collection of macramé owls.”
Who would want any of this stuff? Even the owner wants to be done with it:
[Bill] Davenport decided to get rid of stuff because of a move. “I had to move all my junk over from storage, and I thought, ‘Oh no, this can’t go on.’ I had to look at everything as I unpacked it.” As a result, he started thinking that maybe he didn’t need all of it.
Davenport and Francesca Fuchs, both artists, bought the 4,320-sq.-ft. 1930 commercial building at 1125 E. 11th St. (off Studewood) more than 2 years ago. After 16 months of renovations, they recently moved in upstairs with their kids. And Davenport opened Bill’s Junk in one of the retail spaces downstairs:
A question from a Swamplot reader:
My husband and I lost our Heights bungalow (and the hundred-year-old oaks that shaded it) to Hurricane Ike. We have decided donate the remnants of the house to Historic Houston for salvage, sell our lot . . . and use our insurance settlement to pursue our dream of purchasing an older commercial building, like an old two-story brick grocery store, somewhere inside the loop in the $200K – $350 range, 3000 – 4000 sq. ft., for mixed use as a residence upstairs and studio space/small theater downstairs. We are not having much luck.
My question is this: aside from all the usual avenues–Commgate, Loopnet, HAR, reading blogs, driving around, submitting LOI’s, what other resources exist for novice commercial buyers, like us?
Is Gables Residential’s West Ave development doing so well already that plans are already in place to build the mixed-use development’s second phase? Or are the cause and credit markets so hopeless that architects of a once-hoped-for follow-on project decided they might as well post images of their design, since that’s the most exposure their work will likely ever get?
Ziegler Cooper Architects, designers of the 2727 Kirby highrise going up across the street, now have posted this image of a building on the company’s website. It’s identified it as West Ave Phase II.
And there’s this description:
