The new owner of Texas Rice’s old Fidelity St. property has already begun demolishing the grain silos on the site, which are just visible from the East Freeway. A reader sends Swamplot this photo taken late yesterday of the view from Market St., just southeast of the intersection of I-10 east and the 610 Loop. McCorvey Real Estate Holdings bought the 22-acre industrial facility last October, and is spending about $600,000 to upgrade warehouses on the site. The company plans to spend a similar amount on improvements for future tenants, then $5 million more within the next couple of years on 130,000 more sq. ft. of industrial space. There’s 141,280 sq. ft. of space there already, though that figure includes the silos that are coming down.
The site’s last tenant, a biofuels company, took out part of a rail spur that connected to the Ship Channel but went bankrupt before it could replace it or buy the property. Earlier this century, the silos held grains from Nebraska’s Hanson-Mueller Co. Before that, it held American Rice and Uncle Ben’s.
- Upgrades set for industrial space near Port [Houston Business Journal]
Photo: Swamplot inbox