Big Changes for Montrose? Block with That Half Price Books Strip Center Is for Sale

Categories: Surreal Estate

montrosestripUSE.jpg
The real-estate gurus at Swamplot took note of an interesting listing among commercial real estate properties: The block of land at Montrose and Westheimer that contains the strip center with Half Price Books.

The listing by HFF says the 2.86-acre plot, which includes the entire block, "represents an excellent opportunity to acquire a value-add retail center or a prime redevelopment opportunity ideal for multi-family, hotel, retail, medical, or mixed use development."

The site, of course, sits next to two of the most recent indicators of a rejuvenating Montrose, El Real and the Underbelly-Hay Merchant combo.

The strip center is 44,194 square feet and about half-leased, with Spec's, a Papa John's and 3-6-9 China Bistro joining Half Price Books.

Back in the day -- and possibly restorable? -- the center had a neat Art Deco look to match the then-Tower Theater, where El Real is, according to photos on Swamplot.

There is no price listed in the executive summary, but HFF is using $10 million as a figure to think about.

This could be a big change for the area.


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28 comments
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Zan
Zan

*crying* please don't take HPB away from me! And Spec's... :'-( I love being able to walk up there to get both my basic needs met...*sigh*

Sdkittytrishia
Sdkittytrishia

As long as whatever they put there isn't beige.  Sheesh, what happened to the colorful and fun neighborhood?

David Houston
David Houston

The stores left of Specs are empty!  I noticed this recently.  This is the best Half Price Books in the city...  The block has a very run down look about it right now.

Chef504
Chef504

It has been a bit dumpy of late, but for the love of all that is holy; Half Price and Specs had better have a place in this new vision. You can't take that away from the area. Cheap books, and cheap booze are a Montrose staple. It might be kinda cool if a boutique hotel sprung up there bar and all. Not a chain hotel, but a one of a kind. I will loose my shit though if we are faced with yet another crappy apt wanna be loft cheap ass living alternative pops up. Can anything be built these days without reeking of cheap? That area of town is very important in giving Houston some sort of a vibe, and heartbeat. Irregular beat I'll grant, but thats how we like it.   

H_e_x
H_e_x

God, it's probably is going to be some piece of shit lofts like the ones on Westheimer and Yupon.

Smedley
Smedley

Damn it! I like 3.6.9...

It's not the greatest, but it's not bad every now and then.

...and yeah... Half Price and Spec's.

JB
JB

 Crispy spicy asparagus FTW!

Craigley
Craigley

This strip has stunk since Soundwaves left. 

Brittanie Shey
Brittanie Shey

So, basically, in five years this will be the Montrose's Ashby High Rise, right?

Still wonder what's going on with the OTHER big building nearby, the former home of Scott Gertner's Sky Bar. Last I read, the building had been condemned.

JB
JB

 It certainly looks condemned, but there's always a security guard sitting at a desk in the corner entrance. 

Nathan Smith
Nathan Smith

That strip center most definitely is a dump. The former Blockbuster has been vacant for probably, what, five years now?  Given the cool stuff that has sprung up on that corner in the last few years, I'm intrigued to see what could potentially replace this stuff (a couple chain stores and Chinese delivery are no great loss, in my opinion).  The smart money says a big-box apartment building (did I just coin that?), but you never know.  Someone could get adventurous and put in a cool new restaurant concept of some sort of mixed-use enclave a la West Ave.  Still poking around Montrose, Trader Joe's?  

Love-ett
Love-ett

Exactly like West Ave., or like West Ave. in execution but with a more neighborhood-appropriate feel? Because the latter would be OK. If it's the former, we're talking more traffic and further yuppification of the neighborhood.

GlenW
GlenW

I hope Half-Price books can relocate, but thank GOD! I hate that damn strip mall. What a freaking dump!

Maldestoamor
Maldestoamor

agree, we can never venture back there without my son mentioning the beating we once witnessed: a pimpy dude giving street justice to a down and out girl

autumn
autumn

Please don't get rid of my HPB!

squinney
squinney

Guess there will be more hideous apts and traffic going there. 

Montrosity
Montrosity

SPEC'S!!!!!! NOOOOOOOOOOOOO!!!!!!!

Harlondupuis
Harlondupuis

There's one on every corner, in case you hadn't noticed. 

Montrosity
Montrosity

Not in Montrose. Fairway Liquor is closing down.If Spec's leaves, the ONLY liquor store convenient to Montrose will be King Foods on Richmond.

Guest
Guest

Who wants to drive to midtown and fight that parking lot if you just want a bottle of vodka?

Chet
Chet

You're completely high. The flagship Spec's is less than 1.5 miles from there.

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