02/25/10 9:35am

“This must have been quite a fearsome impact,” reports ever-vigilant blogger Slampo, who files these photos of what had until the wee hours of Wednesday morning been the No. 4 inbound bus shelter on Beechnut just east of Hillcroft, directly in front of the Foodarama parking lot. “There’s one of those concrete-lined garbage containers somewhere in there under the former shelter’s roof.” These photos were taken a few hours later.

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02/24/10 1:29pm

COMMENT OF THE DAY: THE “TRICKLE-DOWN” THEORY OF HOUSTON REDEVELOPMENT “. . . Historic Districts suck and deed restriction, too. They pit neighbor against neighbor, creating the distraction that will keep residents from organizing across the city and taking aim at the real predators. Meanwhile, the money behind the bulldozers is laughing till they pee their pants.” [finness, commenting on Daily Demolition Report: Foundations of Wayne]

02/19/10 12:29pm

COMMENT OF THE DAY: THE WILSHIRE VILLAGE CAPER “Cohen is a limited partner and Dilick is the general partner. That helps explain why last February Dilick was telling people they were evicted and Cohen was telling them they could stay. Dilick is the GP and gets to call the shots. Who knows how or for how much Dilick became the GP (remember the rumors of tax delinquencies and Cohen seeking a bailout a few years back?) but I do recall Dilick surfacing in 2006 with his plan for putting a high rise there. That’s also the same time he started taking out loans on the property. So, my theory is that Dilick acquires his position as part of deal to help Cohen pay his taxes while maintaining partial ownership, uses the property as a piggy bank, comes to realize his development plans are going nowhere and he can’t find a buyer, can’t pay his loans because he couldn’t sell the property or make it profitable enough to cover his loans, defaults on his $13 million in loans, and tries every trick in the book to find a buyer and avoid foreclosure (including taking affirmative steps toward marketing the property, such as demolition, in an effort to satisfy lenders that money is on the way).” [Cap’n McBarnacle, commenting on Comment of the Day: The Ghost of Wilshire Village]

02/18/10 7:40am

It’s not looking good for the few remaining low-slung postwar Ranch homes on Banks St. in once-aptly named Ranch Estates, in the northeastern stretch of Boulevard Oaks. Last year architect Karen Lantz took apart the Ranch at 1514 Banks, piece by piece. Three more of them have been idling on MLS for months, two at what the sellers consider lot value. The third, at 1515 Banks (pictured above), isn’t priced a whole lot higher, but it’s been out there since September of last year, shedding $50K from its initial $599,950 price tag. Will the owners even get back what they paid for it 15 months before putting it on the market?

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