Montrose's Half Price Books Strip Mall Has a Buyer

Categories: Surreal Estate

westheimer-montrose-center-plan.jpg
Illustration vis Swamplot
Sold...let the speculation begin
After just three months on the market, the block that contains Montrose's Half Price Books has been sold Swamplot is reporting.

Details are sketchy, as neither the buyer or seller is talking yet, but HFF, the company that had listed the property, now says the property is under contract.

The site, in the heart of Montrose at the corner of Montrose Boulevard and Westheimer, is ripe for development. The original listing noted the 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."

Any and all of which would be a big change from what the mall has been for years -- a string of closed stores, Half Price Books and a Spec's.

Also included in the sale is the standalone Jack in the Box.

Can't wait to see what the plans are for the block. Let's hope they don't blow it by going with a generic, updated strip mall. If it's to include multi-story buildings, it will be interesting to see how they handle the parking problem.

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