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s3mh last won the day on January 10 2013

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  1. There are rumors that Alliance will take the property to use for multifamily and sell off the water works properties.
  2. http://www.parkplaceon11th.com/ This was the prior attempt to redevelop that tract. it is not in a historic district, so you get what you get. On the one hand, retail rents in the Heights are getting pretty high. New sq footage is needed to keep rents from getting so out of control that everything in the Heights ends up being from Austin or Dallas. But woof on the architecture on this one.
  3. http://www.loopnet.com/Listing/20224122/500-600-Blocks-of-West-19th-20th-Houston-TX/ Ohhhh the potential for that block! I have always wondered what in the world Chase was thinking holding on to that giant retail drive through and oversized bank building in the age of the internet.
  4. As best I can tell, both Sand Dollar and Label Warehouse own the dirt they are on through related entities. The appraised value for 1903 Yale St. went from 827k to 1.619 mil in four years. 222 W 19 went from 712k to 1.152 mil over the same period. You may be able to keep the lights on with those taxes, but having your tax bill go up while your main clientele gets gentrified out of the area is something that is not sustainable in the long term. But you never know what the motivations are behind the people who hold on to properties in the Heights. Why does Solar Supply still maintain a warehouse on Waverly in the middle of a residential area where the property tax appraisal has gone from 1.1 mil to 2.3 mil in four years? Why has the owner of the old National Flame and Forge site just let it sit for years? Why does Weingarten sit on a cruddy strip mall with a beat up old Kroger while HEB is racing into the market with a shiny new store down the street? Is the Happy All Cafe a front? I suspect it largely depends on everyone's sense of how to time the market and whether they are satisfied with the cash flow they get from the existing use. I am always surprised by the number of people who are just happy to sit on an asset with half decent cash flow and have no interest in selling or redeveloping. Just because a property owner can do something to make a good return does not mean that they are going to do it.
  5. http://www.chron.com/entertainment/restaurants-bars/article/Arthur-Ave-restaurant-to-close-March-19-10989016.php Arthur Ave closing to go Greek.
  6. http://theleadernews.com/balls-out-burger-coming-to-the-heights/ Never heard of any other restaurants from Ian Tucker. This would bring the Heights burger count to seven: Christian's Tailgate, Bernie's, Beck's Prime, Burger Joint, Someburger & Hubcap. A different burger for every day of the week.
  7. http://www.chron.com/entertainment/restaurants-bars/article/Texas-catfish-restaurant-Flying-Fish-to-debut-in-10946172.php This is it.
  8. http://www.chron.com/entertainment/restaurants-bars/article/Texas-catfish-restaurant-Flying-Fish-to-debut-in-10946172.php Another Dallas chain coming to Houston. What is notable is the owner's intention to harvest catfish out of Buffalo Bayou. He frames it as a #MAGA struggle against government regulators. But I think that the greater concern should be the fact that Buffalo Bayou has some of the highest bacteria counts of any waterway in Texas.
  9. This is south of the dentist office on Yale. Construction is underway with a 2 story steel frame going up. HCAD shows the property platted as "Zurita Retail Center".
  10. Costco joined the Greater Heights Chamber of Commerce, prompting rumors that they are going to build at this development.
  11. http://www.chron.com/entertainment/restaurants-bars/article/First-look-Field-Tides-in-the-Heights-10924336.php#item-38488 Field and Tides is opening on the 13th. They will open a bar in the old gas station in the spring. Nice to see that building finally going to use.
  12. Presidio is opening this weekend. They had a few soft opening dinners this week. There is a new little crepe restaurant over by the comic/superhero store on Yale and 18th. It is the same guy who was selling Moroccan oils in the same spot.
  13. Fusion Taco is open. Really good. Generous margaritas. Affordable and easy. Nice addition to the neighborhood.
  14. There is a little crepe restaurant on W18th and Yale next door to the super hero costume shop. Pretty basic menu of sweet and savory crepes. But with all the high end stuff piling into the neighborhood, something new that is small, quick, cheap and easy is nice to have.
  15. Building a new sign from scratch is very expensive, especially if you want something creative. Many businesses will lease their signs from the company that made them instead of buying because of the cost and to not end up leaving a lot of sunk money if you move or the business doesn't fly. Repurposing a sign is a big money saver.