hindesky Posted October 8 Share Posted October 8 They have moved out all the used vehicles across the street. I believe Central owns at least 3 lots in Midtown. McGowan building, the used car lot between Travis and Milam and another lot on Milam and W. Gray. 4 1 1 Quote Link to comment Share on other sites More sharing options...
Brooklyn173 Posted October 8 Share Posted October 8 I live in the building in this picture. This lot has been empty since early summer (but mostly full during the height of Covid). The lot on Milan is also empty. Even the main facility on Main and McGowen is less full. I have no idea as to longer term plans here, though Cadillac has stated a national intension to significantly reduce the number of dealerships. 3 Quote Link to comment Share on other sites More sharing options...
wilcal Posted October 8 Share Posted October 8 I heard that all of their land is and has been for sale for awhile, but they want like $125/sf. 10 minutes ago, Brooklyn173 said: I live in the building in this picture. This lot has been empty since early summer (but mostly full during the height of Covid). The lot on Milan is also empty. Even the main facility on Main and McGowen is less full. I have no idea as to longer term plans here, though Cadillac has stated a national intension to significantly reduce the number of dealerships. Yep, Cadillac is offering to buy out franchises as part of the shift to electric-only vehicles by the end of the decade. I would imagine that this dealership in particular does really well on vehicle maintenance, which electric vehicles need significantly less of. Owner also bought the Kirby Mansion a few years ago http://swamplot.com/midtown-kirby-mansion-sold-to-midtown-car-dealership-owner/2018-08-20/ 2 Quote Link to comment Share on other sites More sharing options...
Fortune Posted October 8 Share Posted October 8 This dealership is moving down to the South Loop. I believe there is already a thread on it 2 Quote Link to comment Share on other sites More sharing options...
wilcal Posted October 8 Share Posted October 8 9 minutes ago, Fortune said: This dealership is moving down to the South Loop. I believe there is already a thread on it Damn, you're right! Totally missed that. 2 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 8 Author Share Posted October 8 While back I talked with 2 Central Cadillac workers, they said they would be moving into the new south loop dealership summer of 2022. Reason I started this was for future potential uses for the 2 maybe 3 lots they own around here. The main dealership land is pretty good size. 3 Quote Link to comment Share on other sites More sharing options...
rechlin Posted October 9 Share Posted October 9 Car lots all over the country are emptying out due to lack of supply of new vehicles, so it's also possible they may be consolidating their car lots. This is a good time to do the move to the South Loop when they are down on inventory. 2 Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted October 10 Share Posted October 10 On 10/8/2021 at 3:43 PM, wilcal said: Owner also bought the Kirby Mansion a few years ago http://swamplot.com/midtown-kirby-mansion-sold-to-midtown-car-dealership-owner/2018-08-20/ Strictly a rumor, but I'm told that Central Houston Auto payed an exorbitant amount for this property, thinking that a high rise might be built there. Unfortunately for them, TXDOT revealed its I-45 expansion plans soon afterward which could create a construction nightmare, and the property value plummeted. 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 10 Author Share Posted October 10 https://www.chron.com/business/article/Kirby-Mansion-sells-to-neighboring-Cadillac-13170028.php 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted October 10 Share Posted October 10 (edited) 18 hours ago, dbigtex56 said: Strictly a rumor, but I'm told that Central Houston Auto payed an exorbitant amount for this property, thinking that a high rise might be built there. Unfortunately for them, TXDOT revealed its I-45 expansion plans soon afterward which could create a construction nightmare, and the property value plummeted. A couple things wrong with that rumor: (1) TXDoT’s plans were well known before Central Houston Auto bought this property. (2) the effect of TXDoT’s plans on this property is probably positive, not negative. Edited October 11 by Houston19514 6 Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted October 12 Share Posted October 12 Thanks for the corrections, @hindesky and @Houston19514. I'll forward that info to my (unreliable) source. Lesson learned: Post in haste, repent at leisure. Quote Link to comment Share on other sites More sharing options...
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