mattyt36 Posted January 12 Share Posted January 12 17 minutes ago, BEES?! said: It sounds like someone may have purchased this building and intends to do a conversion on it. From the Downtown TIRZ board of directors meeting on Jan 10th 2023 (Page 148) Highlight: Within the month of December, CHI was approached by a local developer to help inform an investment & development group from NYC regarding the potential acquisition and conversion of a major Downtown Houston asset which has sat vacant for years. CHI's research lead and executive team spent approximately 20 hours responding to their research requests, including items such as the residential pipeline, historical population trends, and projected tax liabilities, and forecasts for potential development support tools. CHI management understands that the group closed on the property on Dec 31 and intends to advance the project. I can’t think of another “major downtown asset” that’s sat vacant for years that would be suitable for conversion. Am I missing any? 800 Bell may fit that bill, going on 8 years now, and certainly would be better described as a "major downtown asset" than this. But I hope you're right! 3 Link to comment Share on other sites More sharing options...
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