The Houston Fire Museum sold 1.4 acres located at 2310 Main Street on October 7, 2013. This land is located less than a half block from The Superblock. The superblock is 6 acres of land located on Main Street that is being developed jointly by Camden and Midtown. The Super block will contain a public park, seven story apartment building and retail space according to the Houston Business Journal.
Midtown Houston Real Estate
The revitalized area of Midtown Houston is the hottest area for residential development in the United States said Bill Edge of Man-Edge Properties the listing broker. Of all the major cities in the United States, Houston has the least amount of residents living in the downtown area. The Kinder Institute at Rice University tells us that for the first time since they started taking surveys more Houstonians want to live inside the loop than in suburbs. The city is embracing the new urbanism movement of walkable neighborhoods.
Dr James P Gaines, Research Economist, at Texas A&M University has predicted a level housing growth for the city of Houston for the next 20 years. He predicts that Houston builders over the next 20 years will be building about half the number of houses per year that were built in 2006. The question then becomes where is every one going to live. We know the population is going to keep expanding as Houston leads the US in the recovery. The answer is in multi-story rental housing. Major developers such as Martin Fein, Gerald Hines, Camden Properties and Trammell Crowe will build housing in midtown and inner loop Houston.
The land was used by the Houston Fire Museum for overflow parking and special events. The land had increased greatly in value since the Houston Fire Museum acquired it in December 1996, said Bill Edge. The land is a corner lot located next to Metro light rail, and beside Stewart Cadillac.
The land at 2310 Main Street is a perfect piece of property. There are no easements and restrictions on it. It was used for parking cars that were towed from downtown in the old days. It has no faults and Phase 1 & Phase 2 environmental studies were completed. Developers have been real keen to buy the property .
Edge would not be surprised if this was not one of the highest priced sales for land in Midtown Houston history. Developers were hot to develop the land because of proximity to downtown, light rail, environmental report, and the Super block. There was keen competition between two of the best developers in the country for the property. The people of Houston are the real winners of the bidding war. As an architectural master piece of mixed use residential development will soon be gracing this vacant piece of land.