10.25 acres & multi- purpose buildings east end district ... · new residents have recently...

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10.25 Acres & Multi- purpose Buildings East End District Houston, Texas INVESTMENT/DEVELOPMENT OPPORTUNITY FOR MORE INFORMATION Mark Fowler Vice President 713.270.3359 [email protected] T 713.270.7700 F 713.271.8172 www.transwestern.net 1900 West Loop South, Suite 1300 Houston, Texas 77027 Carlos Bujosa Vice President 713.272.1289 [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.

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Page 1: 10.25 Acres & Multi- purpose Buildings East End District ... · new residents have recently moved into the Alexan Lofts, Canal Street Apartments and a myriad of new townhomes. Much

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.

Page 2: 10.25 Acres & Multi- purpose Buildings East End District ... · new residents have recently moved into the Alexan Lofts, Canal Street Apartments and a myriad of new townhomes. Much

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

Page 3: 10.25 Acres & Multi- purpose Buildings East End District ... · new residents have recently moved into the Alexan Lofts, Canal Street Apartments and a myriad of new townhomes. Much

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

Page 4: 10.25 Acres & Multi- purpose Buildings East End District ... · new residents have recently moved into the Alexan Lofts, Canal Street Apartments and a myriad of new townhomes. Much

Jens

en St

Harrisburg Blvd

10

45

59

Canal St

Navigation Blvd

Buff alo Bayou

MIDTOWN

DOWNTOWN HOUSTON

Light Rail