Highrise Tower Posted October 16, 2019 Share Posted October 16, 2019 https://www.loopnet.com/Listing/7979-Fannin-St-Houston-TX/17303532/ NewQuest Properties has been retained as the exclusive Broker for the disposition of 7979 Fannin Street in Houston, Texas. The subject property is 3.23 acres and is improved with a 167 room exterior corridor Extended Stay America branded hotel built in 1995. The property will be sold free and clear of any encumbrances. The land value now far exceeds the improvements and the site is best suited for redevelopment to an alternative or upgraded use. 2 Quote Link to comment Share on other sites More sharing options...
Subdude Posted November 15, 2019 Share Posted November 15, 2019 Note duplicate topics for this location merged. I'm leaving the thread title as is since the point is that the property is for sale, not that there currently happens to be a hotel there. Carry on. Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 13, 2020 Author Share Posted December 13, 2020 A few of the buildings are now fenced. What does this mean exactly? Preparing for demolition, a remodel, or it's simply unsafe? 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted April 3, 2021 Share Posted April 3, 2021 The 2 buildings on either side of the Extended Stay motel are fenced off but the middle section is apparently still in business. I wonder what Fort Bend Independent School District has to do with this? Anyone know. https://www.fortbendisd.com I tried looking a little bit on their website but didn't see anything, I'm guessing a Medical connection to TMC kind of like a magnet school for the Medical field. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted July 12, 2021 Author Share Posted July 12, 2021 Property has been fenced with active security blocking the property. Street signage has also been covered up. What exactly is happening here? 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 26, 2021 Author Share Posted December 26, 2021 Student Housing Coming Soon. 3 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted July 9, 2022 Author Share Posted July 9, 2022 Site now listed as For Sale again. Did the student housing not work out? What's happening here, it's such a prime spot! https://www.loopnet.com/Listing/7979-Fannin-St-Houston-TX/25521315/ 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 15, 2022 Share Posted October 15, 2022 (edited) From Houston Housing Authority. Edited October 15, 2022 by hindesky 5 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 28, 2022 Author Share Posted November 28, 2022 West Gulf Containers. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted August 27, 2023 Author Share Posted August 27, 2023 Back on the market! Compass is now marketing this. https://www.loopnet.com/Listing/7979-Fannin-St-Houston-TX/29370092/ 1 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 28 Share Posted March 28 On 8/26/2023 at 9:27 PM, Highrise Tower said: Back on the market! Compass is now marketing this. https://www.loopnet.com/Listing/7979-Fannin-St-Houston-TX/29370092/ The 7979 Fannin St parcel is off the market. There is a recent special warranty deed with a vendor's lien pertaining to the property. The document was recorded to the county clerk's database two weeks ago. According to the document, the parcel was sold to Kismat Fund LP. The entity is connected to Accession Capital LLC in Houston. Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 29 Author Share Posted March 29 Stopped by the site today to talk a walk around. Here's the photos that I took today. 1 Quote Link to comment Share on other sites More sharing options...
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