02/22/10 4:49pm

Did Matthew Dilick, managing partner of the partnership that owns the 7.68-acre site of the former Wilshire Village Apartments, really refer to the long-term tenants of the long-neglected property at the corner of West Alabama and Dunlavy — many of whom had lived in their apartments and paid rent for decades before they were evicted last year — as “squatters”?

In a February 1st affidavit he provided to the 133rd District Court in hopes it might help forestall Wedge Real Estate Finance from foreclosing on the property, Dilick states that “the Plaintiff [Alabama & Dunlavy Ltd., of which Dilick is the general partner] expended considerable time and expense in evicting squatters on the Property.” This just a page or so after declaring his qualifications: “The Plaintiff and/or limited partners of the Plaintiff have owned this Property for over 50 years.”

Gosh, maybe there’s a bit of confusion here? Maybe the “squatters” Dilick is referring to weren’t the actual long-term rent-paying Wilshire Village residents, but some other people he found hiding out in the complex who didn’t have authorization to be there from “the Plaintiff and/or limited partners of the Plaintiff”?

Uh . . . no. By “squatters,” Dilick clearly means Wilshire Village’s long-term residents. The ones he sent eviction notices to; the ones he addressed as “reported occupants” in the release forms he asked them to sign. Otherwise, why should it have taken “considerable time and expense” for Dilick to evict them? How about just . . . “shoo!”?

Neatly left out of the affidavit: The apparent ongoing conflicts Dilick had with Jay Cohen, the sole owner of the property for the bulk of those 50 years. Until they were evicted, the tenants paid their rent to him every month. What’s Cohen’s role?

A person familiar with the situation writes in:

CONTINUE READING THIS STORY

02/22/10 1:42pm

COMMENT OF THE DAY: COLQUITTERS, IT’S YOUR OWN DAMN ASPHALT “What is it about Colquitt? I have seen other streets in your same zipcode surfaced twice in the last dozen years, while certain blocks of Colquitt (the high teens) look like Beyond Thunderdome. I am not so naive as to be ignorant of why some streets get better attention than others, but who did you Colquitters piss off?” [Harold Mandell, commenting on Steve Radack’s Next Little Idea]

02/19/10 12:29pm

COMMENT OF THE DAY: THE WILSHIRE VILLAGE CAPER “Cohen is a limited partner and Dilick is the general partner. That helps explain why last February Dilick was telling people they were evicted and Cohen was telling them they could stay. Dilick is the GP and gets to call the shots. Who knows how or for how much Dilick became the GP (remember the rumors of tax delinquencies and Cohen seeking a bailout a few years back?) but I do recall Dilick surfacing in 2006 with his plan for putting a high rise there. That’s also the same time he started taking out loans on the property. So, my theory is that Dilick acquires his position as part of deal to help Cohen pay his taxes while maintaining partial ownership, uses the property as a piggy bank, comes to realize his development plans are going nowhere and he can’t find a buyer, can’t pay his loans because he couldn’t sell the property or make it profitable enough to cover his loans, defaults on his $13 million in loans, and tries every trick in the book to find a buyer and avoid foreclosure (including taking affirmative steps toward marketing the property, such as demolition, in an effort to satisfy lenders that money is on the way).” [Cap’n McBarnacle, commenting on Comment of the Day: The Ghost of Wilshire Village]

02/18/10 12:45pm

COMMENT OF THE DAY: THE GHOST OF WILSHIRE VILLAGE “Where is Jay Cohen in all of this? Supposedly he sold the property and yet continued to collect rent from the ‘squatters’ as they are referred to by Dilick. Did he, does he, still own an interest in the property?” [Matt Mystery, commenting on Wilshire Village Owners Try To Hold Off the Bank]

02/17/10 6:03pm

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

02/12/10 12:26pm

Swamplot has been covering the whole sorry Wilshire Village debacle since longtime tenants of the decrepit 1940 garden apartment complex at the corner of West Alabama and Dunlavy received a rather curious eviction notice early last year. You can find all our posts on the topic — in reverse order — starting here. But even Swamplot readers haven’t heard the full story of Wilshire Village. It’s now become apparent that — as compelling and absurd a plot as the whole soap opera has seemed to follow — a whole ’nother equally gripping drama was taking place behind the scenes.

Since our last post on the subject earlier this week, a whole bunch of new documents have appeared covering what appears to be an ongoing legal battle over the property between Matthew Dilick and Wedge Real Estate Finance. And they’re all available online here. (Click on the “documents” button to see them — but you’ll need to sign up for a free account to get access.) Frankly, we need your help to sift through all the paperwork and figure out what really happened. There’s a lot to look through, but we’ve already discovered some rather startling details, which we’ll be reporting on soon.

If you’ve got legal training, or just fancy yourself an armchair courthouse sleuth, we’re happy to receive any document summaries or commentary you can send us. But what we’d really like to assemble is a definitive timeline of events. And that’s the format we’d prefer to receive your submissions in: A date, an event, and a specific reference to the document that confirms it.

What’ll it all add up to? Maybe a better picture of the secret real-estate history of one large Inner Loop site in Houston. Maybe — more. Who knows? But we can’t see what the jigsaw puzzle shows until we find all the pieces and fit them together. Can you help?

Photo of apartment at Wilshire Village (now demolished): Katharine Shilcutt

02/11/10 12:50pm

COMMENT OF THE DAY: SANDMAN BROUGHT ME A DREAM “I live near the Sandman Center, what some people erroneously call Shepherd Square (Shepherd Square is @ Westheimer; Sandman is @ Richmond), and this sort of thing is exactly what our neighborhood experienced during the heyday of the late 90s when the ‘in’ scene was concentrated at Richmond and Greenbriar with 8.0, the Pig Live, Guava Lamp, and all the others. Drunk people wandering up and down the streets looking for their cars, unable to remember which residential street they parked on, yelling to each other, peeing in your yard, leaving their beer bottles in your yard, etc. Add to that the fun of having your cement lawn sculptures thrown through your windows, as some of my neighbors experienced. The only remnant of the chaos of that period is the road humps on Colquitt and West Main, although at one time I believe those streets had ‘no parking this side of street’ signs, or “no parking midnight to 6AM”, or something like that. Be patient; in a couple of years the ‘in’ scene will move to someone else’s neighborhood, and your property values will triple. Ours did. But hey, I once found a $20 bill on the sidewalk while I was on my way to the post office.” [GoogleMaster, commenting on What It’s Like to Live on Center St.]

02/10/10 3:49pm

Ubiquitous design blogger Joni Webb hyperventilates over the March issue of Veranda magazine, which features actual interior pics of the house Kay O’Toole had built behind her Kay O’Toole Antiques & Eccentricities shop. The shop is in the building with the rounded corners next to the Firkin & Phoenix Pub parking lot at 1921 Westheimer:

I had heard the blogosphere mumbling about this Veranda showing Kay O’Toole’s new house and that was what had my mouth watering like Edward’s whenever Bella is around. Honestly, I’ve been waiting over two years for this issue!

O’Toole owns a French antique shop housed in a 1920s brick building that was once home to several different businesses. Through the years, she eventually acquired the entire building and tore down the dividing walls – creating a long and narrow haven for the best of what France, and now Belgium, Sweden, and Italy have to offer.

O’Toole’s single-story, one-bedroom stucco home — designed by Murphy Mears Architects — is another long and narrow haven, modeled after something O’Toole saw in New Orleans’s French Quarter: It’s one room deep, and backs up to the property’s back fence.

Couldn’t Webb have just charmed her way inside, camera in hand? Oh, she’d tried that:

CONTINUE READING THIS STORY

02/10/10 11:18am

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]

02/09/10 6:28pm

Wilshire Village rubberneckers: Pull on over; you are in for quite a treat! The gift that keeps on giving — the tragicomedy of real estate errors at the corner of West Alabama and Dunlavy in Montrose — has come through with another rich round of jaw-dropping twists. It’s up to us to recount and gawk.

We’re still combing through documents filed in the recent lawsuit for more goodies. But a reader who’s a few steps ahead of us has dug into them already and found these gems:

The property has been appraised at $26.8 million. Alabama & Dunlavy (“the partnership”) claim that they were jerked around by Wedge [Real Estate Finance, LLC] as follows:

At the instruction of Wedge, the partnership demolished the buildings on the property. They did this in an effort to prepare the site for development and increase its value by “millions of dollars.” Wedge demanded that this be done because Wedge purchased the Amegy $10 million loan, held the $3 million Wedge loan, and wanted to foreclose. Wedge allegedly stated that if the partnership demolished the buildings and increased the value of the property, Wedge would work with the partnership to avoid foreclosure.

So, the partnership – at great expense – “evicted squatters” and demolished the buildings. But, alas, Wedge decided to foreclose on the partnership and also seize $1,000,000 the partnership held in an amegy account that the partnership planned to use to help fund development.

Among the juicy tidbits…

What? There’s more!?

CONTINUE READING THIS STORY

02/09/10 2:57pm

Swamplot is hearing a couple of unconfirmed items about Wilshire Village, the 7.68-acre site at the corner of West Alabama and Dunlavy that’s sat vacant since the 70-year-old yellow-brick garden apartment buildings long left to decay on the site were cleared of their pesky tenants and torn down last year.

First comes a source telling us that on February 2nd the property was somehow foreclosed on — despite the fact that the the owner of the property, an entity called Alabama & Dunlavy Ltd., declared bankruptcy back in November for the apparent express purpose of avoiding such an event.

The next item is even more fun: There’s a lawsuit!

CONTINUE READING THIS STORY

02/08/10 5:20pm

“Beautiful corner lot, gorgeous oak trees. House has been added onto and has 8 ft ceilings,” begins the terse listing for this 80-year-old property with a $1.6-million asking price on live-oak-lined South Blvd. It’s part of the newly declared historic district portion of Boulevard Oaks.

A 4,270-sq.-ft. home with lowish ceilings — is that a problem? Nothing you can’t make up for by taking your interior shots from atop a stepstool:

CONTINUE READING THIS STORY

01/25/10 7:43am

The trees remaining on the site of the former Wilshire Village Apartments at the corner of West Alabama and Dunlavy are sporting some colorful new tags as of late last week, reports a nearby resident:

All the trees have ribbons around them. Trees along Alabama have green ribbons. All the other trees (on about 3/4 of the property) have white ribbons. Exception: green ribbons for 2 live oak trees that flank the old property entrance at Sul Ross. If white ribbons mean TEAR DOWN, then the property will be virtually denuded.

Of course white ribbons don’t mean TEAR DOWN. They mean SURRENDER.

And then there’s the new rumor our informant just heard and is passing along:

CONTINUE READING THIS STORY

12/31/09 11:41am

CHIPPING AWAY AT THE MUSEUM DISTRICT Those little tree topper signs have been up throughout the larger neighborhood for a while now, but the new Boulevard Oaks Historic District was only approved by City Council this week. The designation means you’ll now have to wait 90 days before you can demolish that rambling South Blvd. mansion you just picked up. At the same meeting, council members approved an 8-acre extension to the Midtown TIRZ that takes a bite out of the Museum District. The area includes the new locations of Asia House, the Buffalo Soldiers Museum, and the Museum of African-American Culture. [Houston Chronicle, via Slampo’s Place] Photo: WhisperToMe

12/17/09 1:51pm

COMMENT OF THE DAY: WHY THAT GARDEN ON SUL ROSS SEEMS SO PEACEFUL NOW “bye bye 1749 sul ross. my home for 9 years. to be torn down to expand the neighbors garden. 9 year totals:

[JPSivco, commenting on Daily Demolition Report: Record Breaking]