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WestMont: Mixed-Use Development Coming To Montrose


groovehouse

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any updates on this one?

 

When Kirk Baxter made his presentation to Neartown about the proposed Memorial, he said he had spoken to new owners of the property about the posibility of putting the Memorial to Mary's on the SE corner of Waugh and Westheimer so the glass would reflect the the renovated building that was formally Mary's. He went on to say the owners of the property had told him they are planning a 6 story mixed use project. He told us the owners seemed to favor his proposal.

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  • 2 weeks later...

When Kirk Baxter made his presentation to Neartown about the proposed Memorial, he said he had spoken to new owners of the property about the posibility of putting the Memorial to Mary's on the SE corner of Waugh and Westheimer so the glass would reflect the the renovated building that was formally Mary's. He went on to say the owners of the property had told him they are planning a 6 story mixed use project. He told us the owners seemed to favor his proposal.

Maybe I missed something, but what memorial?

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  • 6 months later...

This is about as prime as prime real estate gets.

I'm talking about the huge retail strip center thats been abandoned at the corner. I think this is a very crucial/critical piece of land in the Montrose/Lower Westheimer/Neartown area, it connects everything and was once dubbed the "coolest/most entertaining intersection in Houston" by local press.

Any info or ideas? I'm hoping that entire strip center gets razed for a GIANT residentail/retail high rise ala West Ave. (fingers crossed)

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  • 2 months later...

Bizjournals:

 

http://www.bizjournals.com/houston/blog/breaking-ground/2013/11/happy-retail-tenants-could-slow.html

 

 

PM Realty Group has plans to turn a long-standing strip center in Montrose into a mixed-use development, but prosperous tenants in the location are not prepared to close their doors just yet.

 

The Houston-based real estate company purchased the 2.14-acre block at Montrose and Westheimer earlier this year with the knowledge that the tenants, Half Price Books, Spec’s, Papa Johns, 3-6-9 China Bistro and Jack in the Box, had long-term lease agreements in place.

 

At this point, they are in negotiations in the tenant buyout phase, and design plans for the new structure are not finalized.

“We knew, going in, it would tie us up for at least seven to 10 years,” said Wade Bowlin, executive vice president with PM Realty Group. “If we could work out a way to get the property sooner, mixed-use would be our intent.”

 

PM Realty Group did not share early design plans, but several sources confirmed the mixed-use structure could include residential with retail on the ground floor.

 

The Half Price Books in the strip, at 1011 Westheimer, takes up 8,000 square feet, and sales were up 14.5 percent in October from the same month in 2012.

 

The company said it has yet to make a decision on whether to stay in the current center after construction is complete or move to another location.

 

“We are in conversations and negotiations with them (the owner),” said Kathy Doyle Thomas, executive vice president. “We are talking amicably about it, and they really want us to stay. But we would have to move out for a couple of years, and we haven’t made that decision yet.”

 

Bowlin said the project could still be years away, and if at some point the company is unable to buy out the groups there, PM Realty will begin to lease the vacant space in the strip.

 

Edited by TowerSpotter
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Another shame - this center was(still is) an Art Deco shopping center.  It was very poorly covered by that nasty concrete/pea-gravel stuff in the 1970s.

http://swamplot.com/big-block-on-the-corner-of-westheimer-and-montrose-goes-up-for-sale/2012-03-08/

 

http://www.houstondeco.org/1930s/towercomm.html

Edited by arche_757
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