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Wednesday, March 26, 2008

UH Southeastern Expansion: More Rail Frontage

Rendering of Proposed Southeast Metrorail Line on Martin Luther King Jr. Blvd. Between Griggs Rd. and Old Spanish Trail

Just a few blocks north of the site of the new Houston Texans YMCA, the University of Houston has bought 43 acres immediately southeast of its main campus.

The new UH land looks like it’s part of MacGregor Park, but whether it is — or was — was a matter of intense . . . legal interest. The property was originally part of a larger 110-acre parcel that was donated by the MacGregor family to the City of Houston in 1930. More recently, the donors’ heirs sued the city for violating the terms of that gift, which required that the city turn the land into a park. By 2002, the MacGregor heirs had won back rights to the wooded 41 acres between MLK and Spur 5, on the north side of Old Spanish Trail.

The MacGregor heirs’ sale of the property to UH for $25 million closed in February, according to a report by Jennifer Dawson in the Houston Business Journal. The new UH property is south of the gigantic Wellness Center, across Buffalo Brays Bayou.

The land gives UH a possible new entrance on Martin Luther King Blvd., but it’s also likely to give the campus a fifth light-rail station: a MacGregor Park stop will be the second station on the Southeast line, which begins at the new transit center planned for Palm Center.

Rendering of planned Southeast light-rail line on MLK, south of UH: Metro

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Tuesday, November 20, 2007

Beneath Roseneath: A Rising Tide Trims Sales

4608 Roseneath Dr., Houston

Why has this property in Riverside Terrace been floating aimlessly on the market for almost five months? Sure, it’s being sold “as is” — and the “is” apparently doesn’t merit an interior photo. But the home has four bedrooms, contains 2,875 square feet of living space, and is apparently salvageable. Plus it sits on a 11,100-square-foot lot on a “lovely, tree-lined street” in a part of town that’s been pretty hot recently, no?

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Tuesday, May 22, 2007

Won’t Touch This: $492K Freeway Townhouse

2232 Riverside Dr.

What happens when townhomes don’t crack half a million? Sellers get mighty cranky:

This unit has a great view of downtown. It features a large balcony, spacious rooms, high ceilings, both wood & carpeted floors, an elevator, fireplace, beautiful kitchen and much more! It is being sold ‘AS IS’. The seller will do NO REPAIRS.

Don’t want to deal with this kind of unwillingness to negotiate? For a mere $200K+ more, you can buy the townhouse next door. And that seller isn’t saying what will or won’t be repaired—at least not in the listing.

A nice view of 288 from the balcony, plus an interior photo, which you can scan for evidence of a need for repairs the seller won’t make, after the jump.

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