The Great Hizzy! Posted March 29, 2007 Share Posted March 29, 2007 Just in case this wasn't mentioned this week. I didn't find it mentioned anywhere after I did a search so, FYI, here's the article:http://houston.bizjournals.com/houston/sto...4881600^1436134And Frank Liu's everywhere, it seems. Link to comment Share on other sites More sharing options...
Houston1stWordOnTheMoon Posted March 29, 2007 Share Posted March 29, 2007 Always nice to see abandoned buildings and homes go away. I wonder what will happen to the poor people in the area that are renters, not home owners? I would imagine that the rents are currently cheap. How much longer will they remain cheap when the price and value of land around them rises? Link to comment Share on other sites More sharing options...
The Great Hizzy! Posted March 29, 2007 Author Share Posted March 29, 2007 They get the heave-ho. It's not unlike what happened to renters in the area of Fourth Ward that's been gentrified over the last ten years. That's the thing with renting, whether you're rich or poor... you really don't have control over anything other than a lease, which is limited and, depending on how it's worded, even gives the leasor the power to terminate the lease as they deem necessary or prudent.At least those who are the title holders of the older, struggling houses can sell and get something in return. Link to comment Share on other sites More sharing options...
Guest danax Posted March 29, 2007 Share Posted March 29, 2007 "The residential market in the Houston Avenue area is a gold rush right now," says Pete Ed Garrett, a partner with Houston-based Studio Red Architects, which purchased property last year for a mixed-use project in the Houston Avenue market. "This area marks the largest hole of undiscovered land inside the Loop. It's what Midtown was five years ago." I guess once this "largest hole of undiscovered land inside the Loop" is built out, they'll realize there's plenty of "undiscovered" redevelopment ore still left inside the Loop. And we all knew those historic homes in First Ward were goners anyway...... Link to comment Share on other sites More sharing options...
Orikal Posted March 29, 2007 Share Posted March 29, 2007 Mmmmm...we had a couple opportunities to buy a house in the area about 2 years ago and ended up passing. Looking at HAR (and this article) makes me salivate thinking how much money I could have made... Link to comment Share on other sites More sharing options...
RedScare Posted March 29, 2007 Share Posted March 29, 2007 Interesting that this article was just posted this afternoon. I drove down Houston about noon and saw another newly cleared lot next to the railroad underpass. It butts right up against the tracks. I'm wondering what will go there, being so close to the tracks. Link to comment Share on other sites More sharing options...
dbigtex56 Posted March 30, 2007 Share Posted March 30, 2007 "The residential market in the Houston Avenue area is a gold rush right now," says Pete Ed Garrett, a partner with Houston-based Studio Red Architects, which purchased property last year for a mixed-use project in the Houston Avenue market. "This area marks the largest hole of undiscovered land inside the Loop. It's what Midtown was five years ago." "We intend to offer the native savages $24 worth of beads and trinkets for their land. If they don't accept, we'll just have to kill them." Link to comment Share on other sites More sharing options...
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