IntheKnowHouston Posted March 26, 2023 Share Posted March 26, 2023 402 Hutcheson St is located on an 0.14 acre parcel in the Second Ward. It's situated on the corner of Preston St. Next to 402 Hutcheson St is 406 Hutcheson St and 407 York St. On the property is a 5,712 sf residence / apartment built in 1930. Parcel map Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 26, 2023 Author Share Posted March 26, 2023 Below are January 2022 Google Earth images of 402 Hutcheson Street. Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 26, 2023 Author Share Posted March 26, 2023 May 2022 Streetview of 402 Hutcheson St Corner of Hutcheson St and Preston St - May 2022 Preston St - January 2023 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 26, 2023 Author Share Posted March 26, 2023 Below is an aerial view of 402 Hutcheson St. The photo is of the 3509 Harrisburg Blvd buildout, but also includes a view of 402 Hutcheson St. It was taken by @hindesky earlier this month. https://www.houstonarchitecture.com/haif/topic/46429-office-with-retail-3509-harrisburg-blvd/?do=findComment&comment=675189 On 3/11/2023 at 3:55 PM, hindesky said: Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 26, 2023 Author Share Posted March 26, 2023 402 Hutcheson St was for sale as recent as January. Below is a photo of the for sale sign on the property. The image is from a January 2023 Streetview. Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 26, 2023 Author Share Posted March 26, 2023 Just now, IntheKnowHouston said: 402 Hutcheson St was for sale as recent as January. Below is a photo of the for sale sign on the property. The image is from a January 2023 Streetview. According to county records, 402 Hutcheson St changed hands in recent weeks. The property was acquired by The Platform Investment Group. Platform Investment Group also owns two other properties on the same block: 3501 Harrisburg Blvd and 3509 Harrisburg Blvd. Does anyone have insight into future plans for 402 Hutcheson St? I wonder if Platform Investment Group has its sights on the entire block? Maybe Platform will scoop up 406 Hutcheson St and 407 York St. 406 Hutcheson and 407 York are the remaining lots on the block not owned by the developers. 2 Quote Link to comment Share on other sites More sharing options...
samagon Posted March 27, 2023 Share Posted March 27, 2023 lots of action on just that block right now. awesome, and very cool that you have pulled some photos of how it currently sits, I'd guess one, or both of these buildings (402 and 406) are going to be gone. and then, they might be acquiring them so they have them now, rather than never (or much later for much more money). scoop rent from the current tenants. over the course of a few years, do some improvements and raise the rents. and eventually tear them down and build out something else. 1 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted March 28, 2023 Author Share Posted March 28, 2023 20 hours ago, samagon said: I'd guess one, or both of these buildings (402 and 406) are going to be gone. and then, they might be acquiring them so they have them now, rather than never (or much later for much more money). scoop rent from the current tenants. over the course of a few years, do some improvements and raise the rents. and eventually tear them down and build out something else. I had the same thoughts. It's possible The Platform Investment Group will purchase the remaining lots over time. And if that's their plan, it will be interesting to see how they'll develop the lots. Hopefully the Hutcheson residences remain. I like the build of the homes. 1 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted October 12, 2023 Author Share Posted October 12, 2023 On 3/26/2023 at 6:30 AM, IntheKnowHouston said: According to county records, 402 Hutcheson St changed hands in recent weeks. The property was acquired by The Platform Investment Group. Platform Investment Group also owns two other properties on the same block: 3501 Harrisburg Blvd and 3509 Harrisburg Blvd. Does anyone have insight into future plans for 402 Hutcheson St? I wonder if Platform Investment Group has its sights on the entire block? Maybe Platform will scoop up 406 Hutcheson St and 407 York St. 406 Hutcheson and 407 York are the remaining lots on the block not owned by the developers. On 3/27/2023 at 10:31 AM, samagon said: I'd guess one, or both of these buildings (402 and 406) are going to be gone. and then, they might be acquiring them so they have them now, rather than never (or much later for much more money). scoop rent from the current tenants. over the course of a few years, do some improvements and raise the rents. and eventually tear them down and build out something else. Sometime over the summer, The Platform Group added 402 Hutcheson St to its website. As noted a few posts above, Platform Group acquired the property earlier this year. In addition to 402 Hutcheson St, 406 Hutcheson St is also included in Platform Group's portfolio. I don't know if Platform Group has acquired or is in the process of acquiring 406 Hutcheson St. I'm unable to locate documentation indicating the property changed hands. Still, the addition confirms my earlier speculation that Platform Group may acquire 406 Hutcheson St. As for plans for the properties, there are vague details on Platform Group's website: Project Type: Other, Residential Located directly behind 3509 Harrisburg, improvements coming soon. http://www.platformgroup.com/project/402-406-hutcheson/ 406 Hutcheson St topic: https://www.houstonarchitecture.com/haif/topic/50420-406-hutcheson-st Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted November 30, 2023 Author Share Posted November 30, 2023 @wilcal contacted Platform Group about their plans for 402 Hutcheson St. Below is the response he posted to the 406 Hutcheson St topic: https://www.houstonarchitecture.com/haif/topic/50420-406-hutcheson-st/?do=findComment&comment=692539 11 hours ago, wilcal said: I heard back this morning! Here is the reply I received: Thanks for reaching out. Right now, 406 402 Hutcheson will remain a residential rental property and the area at 402 406 Hutcheson will likely be temporary overflow parking for the new building at 3509 Harrisburg. Long term plans are still in the works... Quote Link to comment Share on other sites More sharing options...
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