Last Days of El Tiempo 1308 Cantina in Montrose; Union Kitchen, Jax Grill Inbound for Katy

Photo of GreenStreet: Russell Hancock via Swamplot Flickr Pool


7 Comment

  • Stop already! There are enough midrise apartments in Montrose and Midtown. They’re starting to bring in the sign spinners and “First Month Free” deals. The oldest millennials are in their mid-to-late 30s and are belatedly starting to think about kids and free-standing houses. The youngest ones are out of college, and behind them is another baby bust.

  • Empty-nesters have been a significant component of demand for urban core Class A apartments as well – it’s not just millennials.

  • Good riddance to el mediocre..

  • @GoogleMaster

    If there is an upcoming apartment bust in Midtown and Montrose et al. due to the aging baby boomers then so be it …. there will be plenty of (by then) reasonably priced rental properties. It’s not our money so let them take their chances.

  • er …. Millennials

  • The multifamily developers in Houston are in active consort with the dark lord Satan. When the oil markets crashed and multifamily was overbuilt, they performed a ritual sacrifice and President Trump was elected to touch the great orb of evil with the Saudis. Then, oil prices rebounded and occupancy rates started to recover. But that was not enough. So, the developers then called upon their dark lord and caused Hurricane Harvey to flood the city, forcing thousands into multifamily housing and once again saving the industry from being overbuilt.
    Whenever a new multifamily complex is announced, do not talk about the market being saturated. Just go rent a unit or two, whether you need it or not. Otherwise, the developers will again strike a deal with Lucifer to intervene in the market.
    Also, inner loop and just outside the loop single family prices have made it economically prohibitive for transient energy industry employees to buy a house for a few years while they do their time in Houston. So, many of the people who would have bought a house or townhome for the few years they lived in Houston are now going with multifamily.

  • That’s a good photo of GreenStreet.
    However, sometimes exposed structural elements are attractive, and sometimes they’re not. This falls in the latter category. The jumble of struts and beams just looks like the building is cobbled together, uncompleted, and not the statement such a pricy piece of real estate should make.
    Not my dime, but spending a little more to cover this would have been worthwhile, IMHO.