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Drewery Place: Multifamily High-Rise At 2850 Fannin St.


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On 11/28/2022 at 3:28 AM, phillip_white said:

Common Bond is now permanently closed at Drewery Place.



Common Bond's unit, 2850 Fannin St, Suite 100, was listed several months ago. It's still available for lease.


https://www.crexi.com/lease/properties/447465/texas-the-drewery-place

https://api-lease.crexi.com/assets/447465/flyer

 

http://www.chodrowrealtyadvisors.com/for-lease/

 

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Common bond opened a "light" concept with a limited menu and it just didn't work. In my opinion, if they had done a brasserie like downtown it would have thrived. Just look at the sushi restaurant on the Drew and Fannin corner. It has a regular crowd and is pretty busy on the weekends. 

The space has already been leased to an Acai bowl concept or chain. They started the remodel before Thanksgiving and it appears to be moving quickly. 

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11 hours ago, urbanize713 said:

Common bond opened a "light" concept with a limited menu and it just didn't work. In my opinion, if they had done a brasserie like downtown it would have thrived. Just look at the sushi restaurant on the Drew and Fannin corner. It has a regular crowd and is pretty busy on the weekends. 

The space has already been leased to an Acai bowl concept or chain. They started the remodel before Thanksgiving and it appears to be moving quickly. 

I ageee - it could thrive as a true restaurant. I also think a more sandwich-oriented version of Common Bond could have done well. I went a couple of times for baguettes, but was always disappointed by the menu. But considering how well Madamoiselle Louise is doing in a fairly similar part of Downtown (some new development, some vacancy, some vagrancy), there aren't a lot of good excuses for Common Bond's failure there.

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20 hours ago, urbanize713 said:

Common bond opened a "light" concept with a limited menu and it just didn't work. In my opinion, if they had done a brasserie like downtown it would have thrived. Just look at the sushi restaurant on the Drew and Fannin corner. It has a regular crowd and is pretty busy on the weekends. 

The space has already been leased to an Acai bowl concept or chain. They started the remodel before Thanksgiving and it appears to be moving quickly. 

Yeah, and the hours were silly. It wasn't open M-W.

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  • 1 month later...
On 11/29/2022 at 9:47 AM, IntheKnowHouston said:

Common Bond's unit, 2850 Fannin St, Suite 100, was listed several months ago. It's still available for lease.


https://www.crexi.com/lease/properties/447465/texas-the-drewery-place

https://api-lease.crexi.com/assets/447465/flyer

 

http://www.chodrowrealtyadvisors.com/for-lease/




I think the former Common Bond unit at Drewery Place is leased.

The lease listing no longer appears on Crexi. It's also gone from Chodrow Realty Advisor's website.

The address of the unit is 2850 Fannin St, Ste 100.

 

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  • 1 month later...
On 1/13/2023 at 2:53 AM, IntheKnowHouston said:

I think the former Common Bond unit at Drewery Place is leased.

The lease listing no longer appears on Crexi. It's also gone from Chodrow Realty Advisor's website.

The address of the unit is 2850 Fannin St, Ste 100.



The Good Berry opened in mid-January on the ground floor of Drewery Place (actually, the day before my last post above). It occupies Common Bond's former unit at 2850 Fannin St, Suite 100.

The Good Berry is a build-your-own açaí bowl shop.

https://www.instagram.com/thegoodberryhouston

Edited by IntheKnowHouston
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  • 4 months later...
10 hours ago, mattyt36 said:

Saw the same thing, guess Hines owns Drewery now? What could go possibly go … right?

It looks like Willowick Residential is now managing the building.  Hines owns Willowick Residential.  Either way, with Hines in charge everything should go right.

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  • 2 weeks later...

I'm hoping this is Hines making its first move into Midtown, with the potential to acquire the rest of Caydon's original parcels, which may include Houston's first T3 office building in the immediate block north of Drewery Place. There are very few areas in Houston for Hines to do a T3, this is right on the McGowen stop, one stop away from Mid-Main, two stops from the Ion District, right across from Midtown Park, etc. etc.

I know the Office market is brutal for any new construction, but I think Midtown could support a Hines boutique Timber building with rail access.  The Ion is almost full, and there's no other Class A space in the area and demand is growing for companies looking in the 'Innovation Corridor' spurred by what's going on at the Ion.

Tin Foil hat is on...

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  • 2 weeks later...

To date, I'd agree it has certainly been below expectations since the Kimpton + Condos never materialized.  Overall though, I'm withholding final judgement until we find out if Hines is cooking up something with the two adjacent sites on the rail line.  That said, Willowick Residential taking over PM services could have very well been a one-off transaction.

Also, those sites were for sale a few weeks ago and are no longer listed on the Market... did they get taken off or did someone snag em?

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