Note: Story corrected below.
Houston’s transit agency is scheduled to close next month on the twice-delayed $550,000 purchase of a 3,589-sq.-ft. strip of land across Post Oak Blvd. from the Waterwall Park — even though the Uptown Line, the light-rail line the land would be used for, isn’t part of its current construction contract, and isn’t even expected to be complete before 2020, according to Metro documents. Negotiated
under the real-estate happy regime of Metro’s previous administration, under Metro’s current administration, under an authorization approved by its earlier real-estate-happy board, the contract Metro signed for the property at 3009 Post Oak prohibits the agency from backing out of the purchase — even if its plans or route alignment have changed. But a Metro spokesperson tells Memorial Examiner reporter Michael Reed that the purchase still makes sense, and turns out to be a less expensive option for it than using eminent domain to acquire the parcel later. Going up next door to the site: a 20-story office tower for its owner, the U.S. subsidiary of Swedish development firm Skanska.
- New Metro, old land lament: Taxpayers must buy strip of ground on Post Oak [Memorial Examiner]
- Previously on Swamplot: First Sign of Skanska: Where the New Spec Office Tower Near the Galleria Will Go, Trimming Uptown Trees and Driveways: Where Metro Is Shopping for Land on Post Oak Blvd.
Photo: Memorial Examiner