September 9, 2009 – 4:24 pm
Globe St.’s Amy Wolff Sorter says the buyer of the foreclosed Greenbriar Park North apartments near Greenspoint has “a strong track record” of rehabbing complexes. That should help:
Wade Schmitz with Hendricks & Partners’ Houston office tells GlobeSt.com that CNC Investments was the former owner and like many owners during the mid-2000s, had bought too much with too much debt that couldn’t be refinanced. Schmitz, who marketed the asset for Bank of America adds that the 1980s complex at 818 Richcrest Dr. attracted a great deal of interest. . . .
“There were down units that needed to be brought back online,” Schmitz says. “The property had been neglected, and needed someone to take care of it.”
How neglected? Of 400 units in the complex, only around 60 are occupied.
Don’t want to miss out on all the foreclosed-apartment-complex rehab fun? Be patient, more is coming:
Continue Reading This Story >
Read more about: 77060, Apartments, Buying and Selling, Foreclosures, Greenspoint, Renovations
Diehard Modernist architect Charles Gwathmey, dubbed one of the “New York Five” (along with Peter Eisenman, Michael Graves, Richard Meier, and John Hejduk) in the early 1970s, passed away yesterday in Manhattan of esophageal cancer. Gwathmey, who was 71, was probably most famous for his addition to Frank Lloyd Wright’s Guggenheim Museum, which his firm, Gwathmey Siegel & Associates Architects, completed in 1992.
Gwathmey-Siegel was no stranger to Houston. In the late seventies and early eighties, the firm designed a series of 4 spec office buildings that line the south side of this city’s North Belt, just southeast of the Greenspoint Mall.
Photos: LoopNet (400 N. Sam Houston Pkwy. E) and Feagins Interests (Damson Oil Bldg., 260 N. Sam Houston Pkwy. E)
Read more about: 77060, Architects, Greenspoint, Houston History, Office Buildings
April 24, 2009 – 10:22 am
That 1,000-acre undeveloped green space south of Beltway 8 and just west of I-45 North will soon become Houston’s largest office/warehouse distribution business park: “The marketing package announces sites for sale within the business park ranging from five to 300 acres in size. A site plan indicates that Ella Boulevard, Greens Crossing Boulevard and Fallbrook Drive will be extended through the property. . . . Pinto Realty’s business park is comprised of 500 acres that have been owned by the Cockrell family for some 50 years, [Greater Greenspoint Management District president Jack] Drake says. The other 500 acres were used as a tree farm for many years before the Cockrells acquired that portion of the land from ExxonMobil Corp.” A unit of Sysco is completing a 585,000-square-foot distribution center on 50 adjacent acres the company purchased from the Cockrells 2 years ago. [Houston Business Journal]
Read more about: 77037, 77038, Distribution Centers, Greenspoint, Industrial Properties, Sprawl
October 28, 2008 – 12:49 pm
Redemption Community Development Corp. has raised $10,000 out of $75,000 it needs to turn a 16-acre site at 822 West Greens Road from a gang hangout to a park: “The corporation selected the site just [west] of Interstate 45 because it is surrounding by low- to moderate-income apartment and mobile home communities that do not have easy access to recreational facilities, said [RCDC executive director Evelyn] Ogletree. To take a property utilized for less-than-positive purposes and transform it into a park has been a long-standing dream. The ‘phase one’ park plan includes a covered basketball pavilion, playground, nature gardens, walking/jogging trail, benches and picnic tables.” The remainder of the funds will likely come from grants. [Houston Chronicle]
Read more about: 77067, Community Development Corporations, Greenspoint, Parks, Proposed Developments
