Highrise Tower Posted August 22, 2020 Share Posted August 22, 2020 Noticed this on Loopnet. Talk about a prime location! Smaller site is the only drawback. https://www.loopnet.com/Listing/1915-University-Blvd-Houston-TX/20592535/ Quote 9,968 SF land parcel ideal for small multifamily or patio home community redevelopment. Irreplaceable location on University Blvd, 1 block from Texas Medical Center, across the street from Rice University, 3/4 mile from Rice Village, 1/2 mile from Hermann Park, and less than 1 mile from Museum District. Existing 4-plex multifamily residential structure on the site with 1 BR units that has historically been 100% occupied, but currently vacant to allow redevelopment without lease encumbrances. Quote Link to comment Share on other sites More sharing options...
HNathoo Posted August 22, 2020 Share Posted August 22, 2020 Great location, but with a 50’ width, there are very minimal options for developing anything other than SFR. 3 Quote Link to comment Share on other sites More sharing options...
Fortune Posted August 22, 2020 Share Posted August 22, 2020 I showed a unit in this building 6-7 years ago. If I was the owner of the large vacant lot next door I would purchase this property to expand my foot print. 3 Quote Link to comment Share on other sites More sharing options...
cspwal Posted August 23, 2020 Share Posted August 23, 2020 21 hours ago, HNathoo said: Great location, but with a 50’ width, there are very minimal options for developing anything other than SFR. You could fit like 4 townhouses there 2 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 11, 2020 Author Share Posted September 11, 2020 Under Contract per Loopnet. That was quick! https://www.loopnet.com/Listing/1915-University-Blvd-Houston-TX/20592535/ 1 Quote Link to comment Share on other sites More sharing options...
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