Real Estate

Home Real Estate
About Magazine has the best investment real estate news. Including updated local and state real estate listings.

Montrose Developer Unhappy About Parking Requirements

Developer Fred Sharifi of SFT Investments is planning a $20 million, 60,000-square-foot mixed-use development for the corner of Genesee Street and Fairview—the current site of nightclub Meteor and a small apartment complex—that will include retail, office, and restaurant space, as well as six to eight loft-style apartments.

But because of the city’s onerous parking requirements, the project’s tallest structure will be a six-story parking garage.

Architect Peter Merwin told the Houston Business Journal that he will be forced to provide eight to ten parking spaces per 1,000 square feet of development. Merwin said he hopes Houston will change its approach to parking: “I think the city is starting to see that if you let engineers optimize everything for the automobile, you’re going to have a city optimized for the automobile and not the pedestrian.”

By 

Montrose Mining Company Sold To Developer

Montrose Mining Company

Montrose Mining Company Sold To Developer

(Montrose) — One of Houston’s oldest LGBTQ bars has been sold according to Harris County land records. The Montrose Mining Company (located at 805 Pacific St.) was owned by iconic LGBTQ nightclub guru Charles Armstrong. It closed in 2016.

The new owner, Fred Sharifi, has been busy buying up properties all across Montrose. At last count, he owns five different properties. Of these five properties, one includes the land where the former LGBTQ bar Meteor was once located. His recent purchase, Baba Yega, sits behind the former Mining Company.

Sharifi is the mastermind developer behind the new mix-use space called the ‘Fairview District.’

Shake Shack, Steel City Pops Head To Montrose

Shake Shack, Steel City Pops Head To Montrose

Shake Shack, Steel City Pops Head To East Montrose Developement

The New Fairview District In East Montrose Announces Shake Shack And Steel City Pops

HOUSTON — JAN 24 — The redevelopment of East Montrose looks to all ‘Pops’ and ‘Shakes’ as construction gets ready to build mix-use office and retail space on the site of former nightclub Meteor in Montrose.

Edge Realty’s website site used for marketing and leasing of the future space includes signage indicating the Fairview, Taft, and Mason Street development being called the ‘Fairview District,’ will now include popular New York-based Shake Shack, a new Houston Revolution Studio, an Alabama-based Steel City Pops, and a stand alone Shinola store.

The new development, located in the heart of the Montrose district, will feature 30,000 square feet of retail and restaurant space according to Edge’s website. Additionally, 25,000square feet of boutique office space, and a 200-plus space parking garage.

Montrose Gets New Luxury High Rise Condos And Hotel

Montrose Gets New Luxury High Rise Condos And Hotel

Montrose Area Boutique Hotels Strikes Deal With Hines Development For Luxury High Rise

HOUSTON Oct. 5 — La’Colombe d’Or owner Steve Zimmerman and Hines Development announced on Tuesday a partnership that will develop a 34-story residential high-rise, and adjoining hotel.

The development includes a $10 million dollar expansion to the boutique hotel, along with a 285-unit tower, to be named Residences at La Colombe d’Or. La Colombe d’Or boutique hotel on Montrose Boulevard. The tower will be built on Yoakum St.

“La Colombe d’Or is one of those unique Houston gems that makes our city so special,” Hines Founder and Chairman Gerald D. Hines said. “We look forward to working hand-in-hand with the Zimmerman family to be a part of the next chapter in the legacy of this celebration of enriched living.”

The family owned historic hotel was built in 1923. The landmark property serves as one of the world’s premier luxury boutique hotels in Montrose.

Construction set to start in 2017 with completion in 2020.