Jump to content
Sign in to follow this  
Jax

Light Rail Lofts in Midtown, 4600 Main

Recommended Posts

I saw this out the bus window when leaving Wheeler Station. Does anybody know anything about it?

img8004v.jpg

Share this post


Link to post
Share on other sites

is it this? http://nchv.org/docs...%20for%20DC.pdf

edit: found this too

"2011-12 � A RESOLUTION supporting and approving the proposed development for affordable rental housing for homeless veterans of Light Rail Lofts at Midtown Terrace, located at 4600 Main Street in the City of Houston, Texas, for the purpose of authorizing the allocation of 2011 Housing Tax Credits to such development; containing various findings and provisions relating to the subject."

http://www.txheadlines.com/index.php/public_notices/article/-City-Ordinance-PUBLISHED-IN-DAILY-COURT-REVIEW-6072011-NOTICE-IS-HEREBY-GI/%20class=notice_title/

Edited by DrLan34

Share this post


Link to post
Share on other sites

I think somebody might have posted about this in the "Richmond Landing" thread (not sure why).

Share this post


Link to post
Share on other sites

I saw a notice of variance request posted at 4600 Main Street. It is a proposed mixed use project seeking a variance to avoid the requirement of a loading berth. Is anyone familiar with this?

  • Like 1

Share this post


Link to post
Share on other sites

I wonder if they'll convert or demo? It's great spot at the intersection of the main st line and future university line, but right now it's kind of bum central, along with that low income(?) ex-apartment complex next door.

Share this post


Link to post
Share on other sites

Eh. This group kept bragging about how nice their first property was going to be, but it looks rundown.

Share this post


Link to post
Share on other sites

Back in the '70's there use to be a McDonalds in the lot next to this building, you can still see the old foundation of it. One of Houston's first punk clubs (Island/Rock Island/Paradise Island) was down the street where the Wendy's currently is. It is going to take and industrial power wash to clean all the urine/excrement off this building.

Share this post


Link to post
Share on other sites

https://houston.novusagenda.com/agendapublic/CoverSheet.aspx?ItemID=11373&MeetingID=251

 



The Housing and Community Development Department (HCDD) recommends Council approve an Ordinance to appropriate $1,500,000 in HOME funds for a Loan Agreement with Cantwell-Anderson, joined by 4600 Main Street Housing, LP, for the reconstruction of an office building located at 4600 Main Street across from the light rail line.

 

The property will be converted into a three-story affordable housing community consisting of 56 studio units. All the units will be restricted at below 60% of area median income.It will primarily serve formerly homeless veterans. Total project costs are anticipated to be $11,277,476 of which $9,212,960 is for the residential component. The residential price per unit cost is $164,517. HCDD funds for the development total $3,471,618 (31% of the total development cost) or $61,993 a unit.

Cloudbreak Houston LLC, an affiliate of the borrower and the owner, is the developer of Light Rail Lofts and has a track record of developing high-quality and well-managed affordable housing communities across the U.S. Construction period of this project shall begin within twelve (12) months of the date of the signed agreement, with completion to end not later than eighteen (18) months after Closing, not to exceed five years after start of construction. HCD Director has authority to grant two 6-month extensions of the project deadline. This project will have a 20-year affordability period.HCDD previously granted $1,971,618 in CDBG funds for the acquisition of this property, which is adjacent to two other Cloudbreak properties – Midtown Terrace and Travis Street Plaza.

  • Like 4

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...