04/23/09 11:47pm

COMMENT OF THE DAY: THE ASTRODOME MOTHBALL SAVINGS PLAN “There was a Chronicle article a while back that estimated the cost of demolition at $30 million, as compared to something like $600,000 per year just to keep it in mothballs. I ran it through an NPV analysis, and it actually was not cost effective to tear it down. It’s better fiscal policy to keep it, even if we never use it for any purpose ever again. I’m not much of a sentimentalist, but this is the kind of historical preservation I can get behind. Anything to save a buck.” [TheNiche, commenting on County Judge Foresees New Use for Astrodome: Giant Enclosed Space, Shielded from Weather]

04/20/09 1:14pm

COMMENT OF THE DAY: WILSHIRE VILLAGE PAYMENT DUE “I forgot to mention that with regard to the loan Dilick took out to pay for taxes on the property four years ago, sources have reported that the bank set a deadline of early April 2009 for him to take steps toward paying back that loan. In demolishing the apartments and selling the land, Dilick would be able to pay back the loan and make a profit as well. . . . As to the comment, ‘This is private property. The owner should be able to do with it as he sees fit,’ the problem is that Jay Cohen, who inherited the property from his parents, still holds 80 percent ownership. Sadly, he was duped or forced by circumstance into signing over managing control to Dilick. . . .” [dredger, commenting on Comment of the Day: Grand Unified Wilshire Village Conspiracy Theory]

04/17/09 11:51pm

COMMENT OF THE DAY: GRAND UNIFIED WILSHIRE VILLAGE CONSPIRACY THEORY An “anonymous news reporter/non-resident” explains all the wacky goings-on at Wilshire Village — complete with a detailed timeline. Here’s an excerpt, but if you love real-estate soap operas, settle in with a snack and read the whole finger-pointing thing: “. . . The original owner, Jay H. Cohen, inherited the apartments and property from his parents, who had the apartments built in 1940. In November 2005, Matthew Dilick partnered with Cohen under a partnership called Alabama & Dunlavy, Ltd., taking out a loan to pay for taxes. Through this partnership, Dilick was able to obtain general partnership status to make management decisions, and his widely published plan all along has been to demolish the buildings and sell the land. Before the apartments could be demolished, they would have to be vacated. But the original owner Jay H. Cohen maintained majority ownership and wished to keep the buildings standing. Toward that goal, Cohen obtained two repair permits in January and February 2009 and set electricians to consistently making electrical repairs over the course of the next couple of months. . . . Questions: If the buildings were demolished and new condos were built, would the City of Houston stand to profit by the increased value of the land and therefore increased taxes? Was the City of Houston working in coordination with Alabama & Dunlavy, Ltd to cause the buildings to be vacated? Why were Cohen’s repair efforts disregarded by Alabama & Dunlavy, Ltd. and the City of Houston? Has everything been legit? . . .” [dredger, commenting on Wilshire Village Is Ready for Its Closeup]

04/17/09 12:46pm

AUGUSTA DEMO AND STORAGE The new owner of a small Galleria-area office building directly across the street from the parking garage for San Felipe Plaza plans to tear down the 2-story 1977 structure, which suffered a roof collapse and $2.7 million worth of damage from Hurricane Ike. “[Seller Robert] Clay is under the impression that a self-storage facility will be built there. In fact, four parties interested in buying the site wanted to build development storage units there, he says. [Hasad Development’s Sam] Amber, the buyer, has developed several ProGuard Self Storage locations around town. However, a company spokesman in Houston would not comment on future plans for the nearly one-acre site. Based on buyer interest, Clay concludes that, ‘This location is a perfect private mini-storage location.’” [Houston Business Journal]

04/17/09 11:12am

Note: Story updated below.

Over at Wilshire Village, all appears on track for one of those classic salvage-free start-over-the-weekend demos — the kind this town is famous for! A pre-demo sewer-disconnect permit for the apartments was pulled yesterday. And a Swamplot reader has sent in a photo report:

I saw that one of your commenters had noticed the Komatsu in the parking lot of Wilshire Village. It’s from Ambush Demolition, so that’s not a particularly good sign. There are numbers spray-painted on the sides of at least some of the buildings there and orange cable (and gas line?) markings on the sidewalks . . .

Will Wilshire Village’s actual demo permit be purchased sometime today? You’ll get a definitive answer . . . in next Monday’s Daily Demolition Report, right here on Swamplot!

Now, about that closeup:

CONTINUE READING THIS STORY

04/16/09 4:38pm

The nonprofit Historic Houston Salvage Warehouse sure would like some of them nice materials that went into the Wilshire Village Apartments. But no dice:

“All efforts to contact owner have been a dead end,” founder Lynn Edmundson writes:

If anyone knows or can get in contact with the owners…my crew could start immediately!!!

Hey, that would be great — because there’s apparently a Komatsu excavator hanging out in the parking lot on Dunlavy, looking for some action.

More from Edmundson:

CONTINUE READING THIS STORY

04/16/09 11:11am

The reader who provided this “tip” wouldn’t or couldn’t tell us where the information came from, so there’s no particular reason to take it seriously. But it raises a few interesting questions about the future of the 8-acre property at W. Alabama and Dunlavy that’s apparently soon to be the former site of the Wilshire Village apartments.

. . . So here it is:

The buzz in the air over the demolition of Wilshire Village is Mr. Dilick plans to try to sell the property soon after the demolition, word is he hasn’t the funding to develop this tract.

Photo: Swamplot inbox

04/15/09 6:01pm

COMMENT OF THE DAY: HEIGHTS HOME REPLACEMENT PROGRAM Demo permits sold in the greater Heights last year – approx 220. (zips 007,008, 009) The Chron’s real estate report showed that 25% of 2008 home sales in the Heights were new construction. And how many were built in the last 10 years? Don’t know, but for anyone who thinks The Heights has NOT been decimated, go to HAR.com to see how nearly all listings were built since 1999 or are lot value only. Heard a story on the radio not long ago about how people stood in line for hours to see the Bill of Rights, but when an exact replica went on display, nobody bothered. What does that tell us?” [Sheila, commenting on Jack Preston Wood: Making an Impression in the Freeland Historic District]