10.25 acres & multi- purpose buildings east end district ... · new residents have recently...
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10.25 Acres & Multi-purpose BuildingsEast End District Houston, Texas
INVESTMENT/DEVELOPMENTOPPORTUNITY
FOR MORE INFORMATION
Mark FowlerVice [email protected]
T 713.270.7700 F 713.271.8172www.transwestern.net
1900 West Loop South, Suite 1300Houston, Texas 77027
Carlos BujosaVice [email protected]
• Motivated seller, All offers to be considered• Acreage and buildings to be sold in whole or in part• A one of a kind development opportunity, over half
a billion dollars nearby in light rail and pedestrian beautification projects
• Close proximity to several Houston museums under development, along with public spaces being planned including street markets, cafes and parks
• Prime area adjacent to downtown Houston has the critical mass of land suitable for new high density mixed-use development.
• This development opportunity is comparable to the redevelopment of near downtown cities; an area that was once home to industry is now available for new redevelopment
• Excellent view corridor to Houston’s skyline or as well as view from elevated U.S. 59 (207,000 CPD)
which connnects to I-45 and I-10.
OFFERING SUMMARY
This ten-acre mixed-use site is an opportunity for commercial, retail and multifamily residential project development. The property is strategically located four blocks from Minute Maid park and the future Dynamo’s stadium and has direct access to the Central Business District, Harris County Courthouses and Administrative Offices, and major Houston freeways.
The property is bisected by the major arterial thoroughfare Navigation Boulevard and dominates the signalized intersection of Navigation Boulevard at Canal Street and Jensen Drive. Principal bus and vehicular traffic to the Northeast quadrant of Houston is concentrated through the Navigation tunnel and passes through the intersections. To complement, there are adjacent Houston parks and three miles of existing bikeway trails which links the property to Buffalo Bayou trails and will connect to the new Dynamo Soccer Stadium.
An existing professional office building is located on the property, One Americas Plaza comprising of 36,000 sf of loft office space with a beautiful open air atrium, sweeping views of downtown, and an 8,000 sf reception hall. Tenants at One American Plaza include the Texas Attorney General Office, Urban Harvest, Better Homes and Gardens, and numerous law firms and litigation support services firms. Two Americas Plaza, is being converted into a 29,000 sf retail and entertainment facility and is occupied by an art gallery, gellato maker, baker and coffee roaster.
The property location is the gateway to significant new neartown development. Within a one block radius of the site, over 1,000 new residents have recently moved into the Alexan Lofts, Canal Street Apartments and a myriad of new townhomes. Much of the neighboring land is owned by two private land owners which help facilitate master planned growth and sustainable development throughout the area.
DOWNTOWN
MINUTE MAIDPARKPROPOSED
DYNAMO SITE
MEDICAL CENTER
CONVENTION CENTER
MIDTOWN
MONTROSE
RIVER OAKS
GALLERIA
45
59
SITE TO I-10
SITE
59
10
1
4
5
3
2
6
7
8
9
10
KBR
Lovette Homes
Ballpark Lofts
Future Dynamo Site
Minute Maid Park
Rusk Elementary School
2
1
3
4
5
7
8
9
10
11
Alexan Lofts
Perry Homes
Canal Street Apartments
HISD Magnet School
In-Town Homes
Juliet Homes
DEMOGRAPHICS
Population:1 mile: 21,8743 mile: 179,1725 mile: 429,40210 miles: 1,317,012
Average Household Income:1 mile: $47,2583 mile: $46,6995 mile $57,42510 miles: $62,535
6 12
11
12
Consumer Spending:1 mile: $88,5353 mile: $1,429,5305 mile: $4,542,93710 miles: $15,929,328
Number of Businesses:1 mile: 1,6743 mile: 10,6165 mile 22,76610 miles: 65,515
Number of Employees:1 mile: 45,8403 mile: 218,8295 mile: 407,05510 miles: 888,762
24 HR TRAFFIC COUNTS:Navigation North of Canal = Approximately 10,000
NAVIGATION BLVD
Jens
en St
Harrisburg Blvd
10
45
59
Canal St
Navigation Blvd
Buff alo Bayou
MIDTOWN
DOWNTOWN HOUSTON
Light Rail