MIDTOWN SEARS CLOSURE NETS RICE 9 ACRES NEAR THE WHEELER TRANSIT CENTER
The company that manages Rice University’s $5.3 billion endowment last week bought out the 28 years remaining on a 99-year lease the university had signed with the Sears department store on its Midtown property back in 1945. The Sears at 4201 Main St., which opened in 1939, will close in late January, after a liquidation sale beginning early next month, it was announced today. Rice also bought 3 adjacent acres owned by Sears, giving the university a multi-block 9.4-acre chunk of land near Metro’s Wheeler Transit Center and the Southwest Fwy. it can now decide what to do with. Among the properties on that land: the Sears Auto Center at 4111 Fannin and the Fiesta Mart at 4200 San Jacinto, which has a lease that runs for 2 more years. The Sears’s original art deco façade was covered with metal panels in the 1960s. Rice prez David Leebron says the university will now “initiate a process of thoughtful planning for the future use of this land,” with a yearlong study of options directed by the Rice Management Company. [Houston Chronicle; Click2Houston] Photo: Pete Molick via Swamplot Flickr pool











“First they came for the colleges (Cell Block D and the McMurtry Unit), but I was not an undergraduate so I said nothing; then they came for the academic buildings (Brockman Hall and the Moody Arts Center), but I was not on faculty so, again, I stayed silent; then they came for the administrative office buildings and parking garages (this eyesore) and there was no one left to speak for me.” [
The owner of Rice Village dim sum spot Yum Yum Cha tells Eric Sandler that Rice University’s management company “can’t decide what they’re going to do” with the building it bought earlier at the corner of Times Blvd. and Kelvin St., but that demolition is possible. Yum Yum Cha was offered only a 6-month renewal on its lease. Instead, the restaurant, which has occupied the space at 2435 Times Blvd. for 10 years, 



