MOM’S LETTER LEADS CITY TO RAZE DERELICT FIFTH WARD HOUSING 
Yesterday, this Komatsu finished the job that Hurricane Ike started, taking out 63 damaged units of the Houston Housing Authority’s Kelly Village Apartments at 1119 Grove St. in the Fifth Ward — and at least one of the residents is happy to see ’em go: “Lacrecha St. Jules,” who wrote a letter to the Housing Authority requesting that something be done, reports the Houston Chronicle, “spent plenty of sleepless nights worrying about her four children as drug dealers and thugs made themselves at home in [the] vacant buildings. . . . ‘It was dark, and there were rapes back there . . . It was a bunch of negatives, and I just wanted to turn it into a positive.'” North of I-10 and east of U.S. 59, the apartments, which showed up in yesterday’s Daily Demolition Report, date to 1930; the city says it plans to build an $800,000, 3-acre park in their place, with room for a jogging trail and garden. [Houston Chronicle; previously on Swamplot] Photo: KHOU via Facebook
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Tag: Apartments
A plan on the website of Hnedak Bobo Group, a developer an architecture firm based in Memphis, showcases this rendering of a shiny 38-story residential tower named (for now, anyway) “Houston Luxury Apartments,” standing behind the Texaco Building at 1111 Rusk St.
This view shows the lot bound by Capitol, Fannin, San Jacinto, and Rusk, where the 13-story Texas Company Building — said to be the first major oil company headquarters in Houston — and its add-ons has stood since 1915. The few details Hnedak Bobo mentions indicates that that building would be maintained and renovated into age-appropriate apartments, as well.
And there’s more:
COMMENT OF THE DAY: BRING IT ON “As we all learned from the Ashby debacle, anyone who lives within a 2 mile radius of a proposed project has the right to go all NIMBY on it. Well, I live within a 2 mile radius of this project, and I’d like to declare myself to be a BIMBY — Build In My Backyard. I purchased inside the loop so that I could be in a dynamic urban environment; that includes high density housing options mixed in with single family; that includes the associated traffic; that includes noisy bars letting out at 2am right in the middle of neighborhoods; that includes Ferraris wailing at 120db at 7am on Sunday even if they’re only going 15mph. Bottom line, I’d love it if the Heights became more like Greenwich Village or Tribeca. While the Heights, or Montrose, aren’t likely to get there in the near future, projects like this (and Ashby) help get us just a little bit further in that direction. And I consider that to be a good thing. BIMBY!” [Walt, commenting on A Land Use Counterattack from the Yale St. Alexan Heights]
A LAND USE COUNTERATTACK FROM THE YALE ST. ALEXAN HEIGHTS 
Though the variance for unrestricted use that Trammell Crow had sought to make way for the Alexan Heights apartments along Yale St. was denied, other amendments to the existing single-family restrictions on that lot bound by Yale, Allston, and 6th that the developer is now seeking might allow the 366-unit complex to go up after all, reports The Leader. And, besides this play in the land use game, it seems as though Trammell Crow has also responded, in part, to the first round of objections coming from neighbors: “TCR has restricted the project’s driveway on Allston Street to be a service exit, left turn only, to divert traffic away from the neighborhood,” reports Cynthia Lescalleet. “[And] if the city will approve a HAWK signal — a crossing signal controlled by pedestrians or bicyclists — at the bike trail adjacent to the . . . site, TCR will fund and build it.” This revised application will go up in a public hearing Downtown this Thursday. [The Leader; previously on Swamplot] Rendering: Trammell Crow Residential
COMMENT OF THE DAY: NEIGHBORHOOD UPGRADES “. . . right now we have policies that are actively working to get rid of our affordable housing in Montrose (and other places as you point out). They’re just disguised as ‘registration’ and ‘certification’ to make sure places are ‘safe.’ That whole process should be scrapped. If someone has a run-down property people will either 1) not live in it, or 2) decide to live in it because the rent is conducive to the building quality. A ‘smart’ property owner might decide to upgrade the place to raise up the rents, whereas another owner may want to keep his place basic and get lower rents. Renters will decide where they want to go. It’s not the government’s right to force someone to pay more rent because they don’t feel something is at a given level. I’ve said it here before: Almost every building we’ve upgraded and raised the rent on gave us new tenants simply because the previous tenants couldn’t afford it. So who really benefited by our upgrades? Most of our upgrades were done by us outside of government interference (we don’t need to be told to fix things that are obviously not right about the property, our renters, banks, insurance company, etc. do a good job at that) but there have been plenty of times where we’ve done things per city demand that have raised rents and driven current tenants out. I’m sure they’re really stoked that our hand rails in Montrose are now 36″ high vs. 32″ while they now are living in 5th ward rather than the neighborhood they loved and were priced out of . . .” [Cody, commenting on Comment of the Day: Saving Houston for the Next Generation of Newcomers]
COMMENT OF THE DAY: AN ATMOSPHERE OF MISTRUST “I’m inclined to believe the owner on this one. Who knows better what Sharifi plans to do with the property, than Sharifi himself? It’s not just that he said there were no immediate plans to develop the property – how many times have we heard that one — it’s the good brick award and the quip about townhomes that does it — for me at least. The real story here is the level of mistrust that exists between the public and the building community (developers but also architects, engineers, and contractors). It’s a nationwide phenomenon that’s especially strong here in Houston. There’s a common misconception that our lack of zoning leaves us more vulnerable. We’ve suffered a lot of bad development since the 1960s. It has made us paranoid. And with affordable garden apartments Inside the Loop falling one-by-one to luxury mid rises, it’s understandable that people in complexes like the Gramercy Place Apartments would be especially paranoid.” [ZAW, commenting on The Confusing Continuing Story of the Gramercy Place Apartments]
There sure have been some conflicting reports coming in lately about Gramercy Place. Since the old apartments on the 200 block of Portland St. behind the Museum Tower were sold last month to an LLC controlled by Hungry’s Cafe and Bistro owner Fred Sharifi, we first heard that they’d be torn down and replaced by 2 midrise residential towers. Around that same time, it seems, a real estate agent was sending a letter to Gramercy Place tenants claiming something similar and offering to help everyone find a new place to live.
Here’s what’s going down over at 1717 Bissonnet. Making way for the Ashby Highrise — whose developers this week signed new builder Pepper-Lawson Construction to replace Linbeck, which decided to back out earlier this year — the salvaging and knocking down of Maryland Manor started last week. And this is what things looked like this morning:
COMMENT OF THE DAY: THE ONLY NUMBER I NEED “For me, as someone who routinely buys, restores, and holds these types of property for the long term (including a property right across the street from this one that is roughly the same age / type of construction), the only thing that I consider when determining value (and this a pretty standard / typical metric) is CAP rate. Specifically, I use the CAP rate at current rents and expenses to determine what it is worth today . . . and I calculate a projected CAP rate after renovations to determine what it will be worth with higher rents. The CAP rate is just a simple calculation for the rate of return on your cash in the deal. If you are simply buying a property and continuing on as is, the CAP rate is the return (from cashflow) on your down payment. If you are planning to upgrade the property the CAP rate is the rate of return on your down payment + carrying and renovation costs . . . based on the new rents.” [Jared M., commenting on The End of Another Almost Afton Oaks Apartment Complex?]
Looks like there’s a replacement for the former Vida Sexy Tex-Mex: A reader sends in this photo showing the new vinyl sign from Liberty Kitchen & Oysterette at 4224 San Felipe St. That’s the St. Regis Hotel in the background — and a photo taken here a few months from now might also show in the background that 317-unit apartment complex and parking garage that Mill Creek Residential is building nearby on E. Briar Hollow Ln., where another Swamplot reader heard that the restaurant would be located. A Facebook post in late April from Liberty Kitchen says it hopes to open in “early [s]ummer.”
- Liberty Kitchen & Oysterette [Facebook]
- Previously on Swamplot: The Luxury Trackside Apartments Coming to Briar Hollow
Photo: Lisa Garvin via Swamplot inbox
A NEW BUILDER FOR THE ASHBY HIGHRISE 
Though it remains to be decided in a court of law whether the 21-story Ashby Highrise will deprive nearby Boulevard Oaks homes of sunlight and rain, there now seems to be a firm at least agreeing to build it: Prime Property’s Nancy Sarnoff reports that Pepper-Lawson Construction has signed on, replacing Linbeck, which decided to back out of the project earlier this year. The Maryland Manor Apartments, shown here standing in the way at 1717 Bissonnet, started coming down last week. [Prime Property; previously on Swamplot] Photo: Candace Garcia
WESTHEIMER RD. CAFE ADOBE CLOSING ON MOTHER’S DAY 
At the palm-obscured corner of South Shepherd Dr. and Westheimer since 1981, Cafe Adobe announced that it will be closing this Mother’s Day, May 12, reports the Houston Business Journal. The property at 2111 Westheimer Rd. was purchased last year by Hines, which has said it plans to tear down the restaurant to build a 215-unit apartment complex. An up-to-date rendering of the complex-to-be hasn’t been made available. [Houston Business Journal; previously on Swamplot] Photo: Candace Garcia
LIVING IN THE SHADOW OF THE ASHBY HIGHRISE Though the demo of the Maryland Manor apartments at 1717 Bissonnet has already started, a group of homeowners still seems intent to stop the Ashby Highrise from going up in their place, filing a lawsuit this week against developer Buckhead Investment Partners that argues the building will cast a shadow — literally — over the neighborhood: Among other concerns about traffic and privacy, the suit alleges that the 21-story tower would deprive neighbors of sunlight and rain, limiting the enjoyment of their yards and making the maintenance of their gardens impossible. [Houston Chronicle; previously on Swamplot] Photo: Candace Garcia
The low-lying Skylane Central apartments beside the Taylor St. bridge are about to be sold to Greystar, which says it plans to tear them down and put up something like this parkside 8-story complex — but that’s just one of several renderings the Houston Chronicle is reporting that the developer is considering for the site near White Oak Dr. at the southern end of the Woodland Heights. The deal should be done by September.
- Aging apartment complex near downtown to be replaced with luxury building [Houston Chronicle]
Rendering: Meeks + Partners
COMMENT OF THE DAY: IS THIS A HOUSTON APARTMENT BUILDING BUBBLE? “. . . it certainly does seem like they are overbuilding. Only time will tell if that’s the case. If it is, it’s going to be a replay of 1982-3. The developers who got in the game early will have sold their complexes and moved on to the next hot market. The guys left holding complexes when the market crashes will lose their shirts. There won’t be a bailout. But a bunch of complexes will fall into bankruptcy. Rents will crash. Real estate values and tax revenue will plummet. Any semblance of maintenance, security, and tenant screening will fly out the window. Oh, and there might be a few half finished complexes that just sit there for a few years gathering graffiti and vagrants.” [ZAW, commenting on The Luxury Trackside Apartments Coming to Briar Hollow]