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Future Redevelopment of 4910 Montrose Blvd by Levcor


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1 hour ago, HNathoo said:

Looks like an entity tied to Levcor (address 7800 Washington Ave - suite 800) has purchased the old church at 4910 Montrose.

They seem to be retail development company, hopefully they do something tasteful. They also bought that property in the Heights that used to be Sand Dollar store on 18th and Yale.

https://levcor.com/projects#view=grid

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2 minutes ago, hindesky said:

They seem to be retail development company, hopefully they do something tasteful. They also bought that property in the Heights that used to be Sand Dollar store on 18th and Yale.

https://levcor.com/projects#view=grid

Exciting! This little pocket is filling in nicely. I wonder if that Illuminati lodge across the street is next? 😁

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18 minutes ago, CREguy13 said:

Interesting.  Hopefully Levcor is planning for this to be mixed-use and not strictly retail.  High-rise hotel, residential or both is perfect for this location.

I hope your right but if you look at their projects they have never done a high rise build only renovations to an existing building. Most of their stuff is big box retail. The Heights Sand Dollar building looks promising if it happens.

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20 minutes ago, CREguy13 said:

Interesting.  Hopefully Levcor is planning for this to be mixed-use and not strictly retail.  High-rise hotel, residential or both is perfect for this location.

Don’t think straight retail would pencil out given the land prices over here. 

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4 hours ago, clutchcity94 said:

If you were a betting man, what do you see going in this spot and when?

I don’t think capital markets are open to high rise apartment construction in Houston right now. Maybe they’ll go for historic tax credits and remodel the church into a high end restaurant or event venue? 

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Hmm, another Christian Science church goes away. Are they losing members quickly, or are the members moving to other areas. 4910 Montrose is a good sized facility that implies there were a number of members at some point in the past.

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13 hours ago, HNathoo said:

I don’t think capital markets are open to high rise apartment construction in Houston right now. Maybe they’ll go for historic tax credits and remodel the church into a high end restaurant or event venue? 

I can see the possibility of a high end restaurant, especially with the fine dining restaurant slated to open just down the street in the new Nancy and Rich Kinder Building at MFAH. 
 

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13 hours ago, Ross said:

Hmm, another Christian Science church goes away. Are they losing members quickly, or are the members moving to other areas. 4910 Montrose is a good sized facility that implies there were a number of members at some point in the past.

Replying to my own question, Christian Science is dying. They are selling property all over the country, and membership is way down.

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  • Highrise Tower changed the title to 4910 Montrose Boulevard purchased by Levcor
  • 1 month later...
3 hours ago, clutchcity94 said:

Saw this on the Nextdoor app.

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I imagine this is probably the crane coming down from the alliance deal across the street. 

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I biked down there today and there is definitely some crane action going on. It’s further down from the Alliance development. Looks to be the church property.

What could the crane be for though if the church hasn’t even been demo’d yet?

Edited by clutchcity94
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Rode by toward the end of my ride. Turns out they are changing out the chiller on top of the Finger Museum Tower apartments. But they weren't able to make any lifts since it was too windy. They will have to finish up on Sunday. On cranes I've operated the manufacturers have notes that tell you to de-rate the capacity of the crane depending on the wind speeds. The Tadano cranes I've operated say you have to de-rate by 50% if the wind is 20-27mph and by 75% if it's above 27mph. At 30mph you have to stop all crane operations. Not sure what the charts are for this crane but I'm sure they have wind speed limits too. With those kind of limits there is now way to make these lift with as windy it was today and it was very windy today.

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  • 1 month later...

https://realtynewsreport.com/keep-montrose-weird-combining-growth-flavor-and-funk/

 “There’s an old one-story church near the Mason Building and the new Glassell School between Bell Park and 5000 Montrose purchased by Larry Levine with Levcor for $162 a foot,” says Davis, who is also president of the Museum District Business Alliance. “It’s a full city block, for about $8 million.  He said he’s not sure what he’s going to do with it.  He loved the real estate. 

I think he’s looking at some multi-story hotel concepts but he has not announced anything definitive yet. When people pay these big numbers, they really don’t have any choice but to go up (high-rise) with it.”

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  • Urbannizer changed the title to Future Redevelopment of 4910 Montrose Blvd by Levcor

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