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iStorage - 605 E. 29th St.


hindesky

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The description of that plat map at the bottom right is kind of funny. A replat of a partial replat and a replat. Looks like the random buildings and frame houses that were there in the past started being cleared in 2010, and was complete in 2013.

The entire property was owned by Victor Zurita, the orthodontist that owns some property on Yale we've discussed in the past. This replat combines the five lots at the East side of the property, the abandoned alley behind those properties, and the former unrestricted reserve A in this picture

image.png.8857fdae504964eae6ea7033289ba694.png

The alley was officially abandoned by City Council in June 2022, when a motion was passed to reject the dedication of the alley to the City. That was sort of interesting that it was done in that way.

Hessed is the general partner of Sela ltd, the entity that owns the property now. Zurita sold the property to Sela in November, at least it owns the highlighted lots above. I am going to guess that the sale of the other portion hasn't been recorded yet. Hessed has replatted a number of properties around town that ended up becoming self storage units owned by iStorage JV, including the one on West Gray. Anyone want to take bets on whether this property becomes a storage unit?

In other interesting news, there were tax liens on this property, and others, that were transferred to Taxcore Lending, llc. Tax records show that taxes for 2021 weren't paid until June 2022, with significant penalties. That's what happens when you play property developer without enough capital.

Edited by Ross
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The property is located at 502 N Loop ( 502 N Loop E / 502 North Loop East ). N Main St, E 29th St, and Columbia St border the property.

Typing out the address in posts versus pasting an image of it ensures others can find this using the search. Including the address (and cross streets or other identifiers) helps to cut down on duplicate topics because it will be easy to find to verify if there is an ongoing  topic for the property or building. It's also increases chances it will appear in Google's search results (if someone is searching for information about this or any particular property).


rv4nEZx.jpg



OVEFTYf.jpg


 

Edited by IntheKnowHouston
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On 12/8/2022 at 8:40 AM, Ross said:

The description of that plat map at the bottom right is kind of funny. A replat of a partial replat and a replat. Looks like the random buildings and frame houses that were there in the past started being cleared in 2010, and was complete in 2013.

The entire property was owned by Victor Zurita, the orthodontist that owns some property on Yale we've discussed in the past. This replat combines the five lots at the East side of the property, the abandoned alley behind those properties, and the former unrestricted reserve A in this picture

image.png.8857fdae504964eae6ea7033289ba694.png

The alley was officially abandoned by City Council in June 2022, when a motion was passed to reject the dedication of the alley to the City. That was sort of interesting that it was done in that way.

Hessed is the general partner of Sela ltd, the entity that owns the property now. Zurita sold the property to Sela in November, at least it owns the highlighted lots above. I am going to guess that the sale of the other portion hasn't been recorded yet. Hessed has replatted a number of properties around town that ended up becoming self storage units owned by iStorage JV, including the one on West Gray. Anyone want to take bets on whether this property becomes a storage unit?

In other interesting news, there were tax liens on this property, and others, that were transferred to Taxcore Lending, llc. Tax records show that taxes for 2021 weren't paid until June 2022, with significant penalties. That's what happens when you play property developer without enough capital.




The replat of 502 N Loop (502 North Loop) combines two parcels: 502 N Loop and 605 E 29th St.

Below is a map of the parcels with the parcel addresses included.




AjgPTOK.jpg





Property map with street addresses on the properties

zuGhtsg.jpg


 

Edited by IntheKnowHouston
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  • The title was changed to iStorage - 605 E. 29th St.

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