Jump to content

Downtown Redevelopment Authority plans to launch a Commercial Real Estate Conversion Program


BEES?!

Recommended Posts

I wish someone can build out the old Sakowitz garage already.  The property value is probably getting to a point where it probably will be torn down if it does not hold enough space to be profitable.

Edited by 5thGen
  • Like 1
Link to comment
Share on other sites

8 hours ago, 5thGen said:

I wish someone can build out the old Sakowitz garage already.  The property value is probably getting to a point where it probably will be torn down if it does not hold enough space to be profitable.

To be clear, that is not the old Sakowitz garage, it is the old Sakowitz store that was converted to a garage after the store closed.

Link to comment
Share on other sites

7 hours ago, Ross said:

To be clear, that is not the old Sakowitz garage, it is the old Sakowitz store that was converted to a garage after the store closed.

Yes.  It was just shorter to type.

Link to comment
Share on other sites

23 hours ago, 5thGen said:

I wish someone can build out the old Sakowitz garage already.  The property value is probably getting to a point where it probably will be torn down if it does not hold enough space to be profitable.

I think a while back the city was trying to get a major retailer to lease the building, but that was before Downtown started to really come in to it's own. I wonder if they would be more successful this time around. 

Link to comment
Share on other sites

18 hours ago, j_cuevas713 said:

I think a while back the city was trying to get a major retailer to lease the building, but that was before Downtown started to really come in to it's own. I wonder if they would be more successful this time around. 

My guess is no.  It's going to be a long time before large scale retail will work in downtown Houston.  Not forever.  But we need to get the full-time residential numbers up first.

First in will probably be something like a CityTarget, or Neighborhood WalMart.  We can hope for department stores after that.

Right now, the bulk of the people downtown are commuters, and commuters haven't been convinced to shop downtown yet.  They're of the rural mindset, and will do their shopping on the weekend, not after work when there's an hour plus commute ahead of them.  And isn't a consistent enough flow of tourists to take up the slack.

Just stand in front of 1000 Main and watch the doors.  When the number of people using the revolving doors gets closer to the number of people using the swinging doors, you know we're ready.

  • Like 4
Link to comment
Share on other sites

14 minutes ago, editor said:

My guess is no.  It's going to be a long time before large scale retail will work in downtown Houston.  Not forever.  But we need to get the full-time residential numbers up first.

First in will probably be something like a CityTarget, or Neighborhood WalMart.  We can hope for department stores after that.

Right now, the bulk of the people downtown are commuters, and commuters haven't been convinced to shop downtown yet.  They're of the rural mindset, and will do their shopping on the weekend, not after work when there's an hour plus commute ahead of them.  And isn't a consistent enough flow of tourists to take up the slack.

Just stand in front of 1000 Main and watch the doors.  When the number of people using the revolving doors gets closer to the number of people using the swinging doors, you know we're ready.

I like the way you think. 

Link to comment
Share on other sites

14 hours ago, editor said:

Just stand in front of 1000 Main and watch the doors.  When the number of people using the revolving doors gets closer to the number of people using the swinging doors, you know we're ready.

This drives me crazy -- my office building has a revolving door and then a small swinging door next to it and everyone always avoids the revolving door.

Link to comment
Share on other sites

2 hours ago, Nate99 said:

Do bombed out old hotels count? Asking for a friend...

You know, I’ve been checking on their meetings, and since 2021 I have not seen any updates on that project. 

Link to comment
Share on other sites

On 8/10/2022 at 12:50 AM, hindesky said:

How about 1001 McKinney St. It's for sale according to JLL. Nice Art Deco interior has a Morton's Steakhouse in it but seems to have a lot of tenants so probably not a candidate for conversion.

https://www.us.jll.com/en/investorcenter/office/1001-mckinney-houston-tx-unitedstates

As long as they don't mess with the Shipley's in the basement.  It's the only place to get beignets downtown.  And beignets aren't as easy to find in Houston as they once were.

  • Like 2
  • Thanks 1
Link to comment
Share on other sites

  • 3 weeks later...
On 8/10/2022 at 8:50 AM, hindesky said:

How about 1001 McKinney St. It's for sale according to JLL. Nice Art Deco interior has a Morton's Steakhouse in it but seems to have a lot of tenants so probably not a candidate for conversion.

https://www.us.jll.com/en/investorcenter/office/1001-mckinney-houston-tx-unitedstates

llygUN6.png

PIPUkE1.png

RTl6Ujp.jpg

LDNA0oQ.jpg

The most important thing is to educate him. I recommend teaching him time management, which will come in handy in his future. You can learn more about this here https://edubirdie.com/examples/time-management/ That way it will be easier for your child to organize himself.

ahzYybO.jpg

I absolutely agree with you.

Edited by Garrett Mitchell
Link to comment
Share on other sites

From the August meeting:

Pursuant to the DRA Board’s recommendation, Staff has distributed a letter of request to property owners inside the boundaries of TIRZ3, seeking participation in a feasibility study to go to an RFP later this summer. The study will evaluate approximately five opportunities for conversion of office space into other uses such as residential. The study is intended to inform the development of a financial tool that can be used to more easily facilitate the conversion of obsolete office space.

 

Also this sounds pretty interesting:

Staff has submitted a revised strategic annexation & term extension request to the City Planning Department for Mayoral review later in August. This request will come before the DRA Board in the Fall as a proposed Project Plan and Financial Plan, as has been exercised in the past. The limited annexation holds the promise of assisting the DRA in its mandate to address blight remediation and invigorating Downtown public spaces because the proposed annexation involves a significant redevelopment project that would generate significant incremental tax revenue.

Edited by Texasota
  • Like 3
Link to comment
Share on other sites

16 minutes ago, Texasota said:

From the August meeting:

Pursuant to the DRA Board’s recommendation, Staff has distributed a letter of request to property owners inside the boundaries of TIRZ3, seeking participation in a feasibility study to go to an RFP later this summer. The study will evaluate approximately five opportunities for conversion of office space into other uses such as residential. The study is intended to inform the development of a financial tool that can be used to more easily facilitate the conversion of obsolete office space.

 

Also this sounds pretty interesting:

Staff has submitted a revised strategic annexation & term extension request to the City Planning Department for Mayoral review later in August. This request will come before the DRA Board in the Fall as a proposed Project Plan and Financial Plan, as has been exercised in the past. The limited annexation holds the promise of assisting the DRA in its mandate to address blight remediation and invigorating Downtown public spaces because the proposed annexation involves a significant redevelopment project that would generate significant incremental tax revenue.

Well when I hear “blight remediation,” a certain building comes very quickly to mind.

  • Like 6
Link to comment
Share on other sites

  • 3 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...