A well-timed bankruptcy filing earlier this week by the entity that owns Wilshire Village did in fact prevent the almost-8-acre vacated property at West Alabama and Dunlavy from foreclosure: “Matt Dilick, whose name is listed on the Secretary of State’s web site under registered agent for Alabama & Dunlavy Ltd., said his role is that of development manager. His company, Commerce Equities, ‘is proceeding with its development plans on the property and continues to market the property,’ Dilick said. He recently told me that the property was being offered for sale, but there was a chance he’d still build something on the land.” [Prime Property; previously on Swamplot]
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Comment of the Day: After the Ashby Highrise
“. . . My take on it is that this building MIGHT NOT be too bad, once the teeth-on-edge construction period is finished. (And I seem to be the only person who thinks the construction hassles should even matter to anyone. Big crane delivery and setup on Bissonnet, anyone?) But since there seems to be no legal way to stop this one, you can be sure that there will be some serious efforts to put rules in place to prevent any more. My own tongue-in-cheek explanation for why the neighborhood was so taken by surprise is that no-one ever thought for a minute that it made any kind of sense to build a high-rise on Bissonnet, for goodness sake.” [marmer, commenting on City to Ashby Highrise: Yes You Can!]