±2 acres at 2505 w 11th st....efore working with a real estate broker, you should know that the...
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dmre.com 1BROKER CONTACT Clark Dalton, Senior Vice President | [email protected] | 713.955.3122
±2 Acres at 2505 W 11th St.
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DETAILS
ADDRESS 2505 W 11th St.Houston, TX 77008
LAT., LONG. 29.788771, -95.428145
SIZE ±2 Acres
UTILITIES City of Houston
SCHOOLS Houston ISD
PARCEL ID 0440820000546
OWNER Festival Properties Inc
LEGAL TR 62 ABST 642 J REINERMAN
PRICE Call for Pricing
DETENTION On Site
2019 DEMOGRAPHICS0-1 mi 0-3 mile 0-5 miles
Est. Population 2019
13,694 130,416 268,830
Average Household Income
$129,866 $153,189 $138,500
Median Value Of Owner Occupied Housing Units
$336,764 $336,253 $314,130
2019 TAX RATES001 HOUSTON ISD 1.206700
040 HARRIS COUNTY 0.418580
041 HARRIS CO FLOOD CNTRL 0.028770
042 PORT OF HOUSTON AUTHY 0.011550
043 HARRIS CO HOSP DIST 0.171080
044 HARRIS CO EDUC DEPT 0.005190
048 HOU COMMUNITY COLLEGE 0.100263
061 CITY OF HOUSTON 0.588310
TOTAL 2.530803
Property Details At A Glance
Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the marketing and sale of this property.
All inquiries about the Property should be directed to DMRE.
CLICK HERE FOR LISTING
• Pricing• Due Diligence and
Closing Timeframe• Earnest Money
Deposit
• Description of Debt/Equity Structure
• Qualifications to Close
• Development Plans
MAKING AN OFFEROffers should be presented in the form of a non-binding Letter of Intent, and should include:
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Area Highlights
PRIME LAND SITE IN
LAKE HOUSTON5 MILES
BUSH AIRPORT10 MILES
KINGWOOD AREA
CLOSE TO LAKE HOUSTON’S BESTENTERTAINMENT AND RETAIL•
••
Atascocita Town Center, Atascocita Commons,The Market at Lake Houston, and Life Time Fitnessare within 1 mile of the PropertyThe master planned communities of Kingwood,Summerwood, Generation Park, and Fall Creekare within 6 miles off the Property
•
LOCATED IN THE HEART OF THE LAKEHOUSTON REGION WHICH CONSISTS OFKINGWOOD, ATASCOCITA, SUMMERWOOOD,GENERATION PARK AND HUMBLE
The region has a total population of 256,074Located just 20 miles north of Downtown Houston
ZONED TO HUMBLE ISD THE #6 BESTSCHOOL DISTRICT IN THE HOUSTON AREA
ATASCOCITA RDATASCOCITA RDATASCOCITA RD
KINGS PKWYKINGS PKWYKINGS PKWY
UPPER LAKE DRUPPER LAKE DRUPPER LAKE DR
W E S T L A K E H O U S T O N P K W Y
W E S T L A K E H O U S T O N P K W Y
W E S T L A K E H O U S T O N P K W Y
W E S T L A K E H O U S T O N P K W Y
W E S T L A K E H O U S T O N P K W Y
KingsParkKingsPark
Atascocita Commons
L A K E H O U S T O N
KINGWOOD GLEN VILLAGEHome Values up to $350K
KINGS RIVER VILLAGEHome Values up to $450K
ATASCA WOODSHome Values up to $500K
ATASCOCITA SOUTHHome Values up to $300K
Atascocita Plaza
±35.738 ACRES±35.738 ACRES
GENERATION PARK9 MILES
ATASCOCITA COMMONS2 MILES
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Property Survey
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Area Highlights Parks & Recreation
LAKE HOUSTON WILDERNESS PARK
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MEMORIAL PARK1 MILE
DOWNTOWN HEIGHTS 1.75 MILES
UPTOWN/GALLERIA2.85 MILES
WHITE OAK BAYOU GREENWAY TRAIL2,978 FEET
Area Highlights Prime land site in Timbergrove
PRIME DEVELOPMENT OPPORTUNITY IN TIMBERGROVE• Located near the Heights with close proximity to popular eateries,
lively bars, and numerous parks (Memorial Park & W 11th St Park) and trails (Heights Hike and Bike Trail & White Oak Bayou Greenway
CONVENIENT ACCESS TO I-10 VIA W.11TH AND T C JESTER BLVD• Fast access to Uptown / Galleria District, the 17th largest business
district in the U.S., which is home to Houston’s largest concentration of high-fashion retail and hotels, hosting more than 20 million visitors a year.
CLOSE TO HOUSTON’S BEST ENTERTAINMENTAND RETAIL• Memorial Park has 30 miles of trails scattered around the park for
running, walking, hiking and is currently also undergoing a 10 year redevelopment plan.
• Newly developed H-E-B, Heights Waterworks, Heights Central Station and the W. 19th St. Shopping District are less than 2 miles away.
• Rice Military, Uptown, Washington Corridor, Memorial Park, River Oaks, Buffalo Bayou, and the future redevelopment of the Houston Farmer's Market (expected to be fully operational in 2019) are within 3 miles of the property.
PRIME DEVELOPMENT OPPORTUNITY IN THEHEIGHTS AREA• Located in one of the fastest growing areas of Houston; The Heights
is known to be one of the most walkable neighborhoods in Houston with one of the most active communities in Houston, The HHA, and numerous parks, trails and yelp-rated establisments
Area HighlightsEmployment
Living
26,000,000+commercial officesquare foot
2,000+companies
13%total Class Aoffice space(2nd to Downtown)
82,000+employees
Top Employers
Nearly 7,800 luxurious rooms, whichmaintain the highest RevPAR (Revenueper Available Room) in Houston
34 hotels - more than any otherdistrict in Houston
15th largest business district in the U.S.
Diverse tenant base: a wide variety of energy, legal,tech and medical employers protect Uptown Districtfrom the ups and downs of the price of oil.
Hosts more than 35 million visitors annually
Number one shopping & tourist attraction in Houston
Seventh largest retail complex in the U.S
RetailHospitality
1st Quarter 2017
CLASS AOCCUPANCY
1st Quarter 2017
RETAILOCCUPANCY
100%
The Galleria
180,000+residents within athree-mile radius
200,000+people per day converge
in Uptown Houston towork, dine, or shop.
$106,000+average household
income within a 3mile radius
FIRSTdesignated scenicdistrict in Houston
36.5median age
1st Quarter 2017
HOTELOCCUPANCY
81.5%
Area Highlights
Employment
O V E R$9 BILLIONin public & private investments havebeen made over the past two decades. A NETWORK
OF INTEGRATEDMULTI-MODALtransit systems provides convenientcommute options.
Transportation
32%of Downtownemployeesuse publictransit to get to work.
51,000,000+office square foot
20Fortune 500Companies
82.5%office occupancy(Class A)
9Fortune 500CompaniesHeadquarters
105,000+passengers transitthrough Downtownon a daily basis.
Chevron 8,600+
Shell Oil Company 7,000+
Chase Bank 4,892+
CenterPoint Energy 3,826+
KBR 2,958+
NRG/Reliant Energy 2,300+
ExxonMobil Corporation 2,200+
Hess 2,000+
Kinder Morgan 1,860+
Deloitte 1,700+
Enterprise Products Partners 1,360+
Ernst & Young 1,300+
Waste Management, Inc. 1,270+
PriceWaterhouseCoopers 1,236+
LyondellBasell Industries 1,200+
Top Employers # Employees
LivingDevelopers have delivered over 3,000 residential units in the last two years, 371 units are under construction, with another 1,179 planned.
Expected to add over 5,000 new residents in thenext three to five years.
257% resident growth between 2007 & 2017in the downtown core
ApartmentData.com named Downtown as the hottest rental submarket in Houston
OVER 50%34 years & younger.
10 PARKS 4,007Households
0 20 40 60 80 100
Score
Walk
Bike
Transit 93
77
76
EntertainmentOver 10 million people visit Downtown annually.
Home to the recently renovated 1.9 million square foot George R. Brown Convention Center, one of the tenlargest convention centers in the nation.
Sports
Downtown welcomed over 1 million visitors during SuperBowl LI.
Toyota Center, home to the NBA’s Houston Rockets, seats up to 18,000 & hosts over 100 events annually.
Minute Maid Park, home to the Astros, has a seating capacity of 40,963.
BBVA Compass Stadium, home to MLS’s Houston Dynamo, Houston Dash & Texas Southern University Tigersfootball team, seats 22,039.
Major Sports/Concert Venue Capacity: 150,000.
Over 300 restaurants, coffee shops and bars.
Outdoor seating available in over 20% of restaurants & cafes.
Hospitality
7,803 hotel rooms.
564 hotels under construction
400+ planned hotels
Retail
415+ of restaurants, bars and clubs.
5 new retailers.
28+ planned retailers (including 3 Food Halls)
TheaterDowntown’s Theater District is the 2nd largest performing arts district in the nation.
4 major arts venues - Jones Hall, Wortham Theater Center, Alley Theatre & the Hobby Center for the Performing Arts
13,000 of theatre district seating capacity.
Dining
13,919 students & 46,627 alumni
43 Bachelor's degree & 8 Master's degree programs
Education
90% OCCUPANCY3 MONTHS
Downtown’s tallest residential high-rise, Market Square Tower, reached
ahead of the projected timelime.
10,000+Residents
157,000+Jobs
9 COMPANYHeadquarters
Area Highlights Downtown cont.
Employment
O V E R$9 BILLIONin public & private investments havebeen made over the past two decades. A NETWORK
OF INTEGRATEDMULTI-MODALtransit systems provides convenientcommute options.
Transportation
32%of Downtownemployeesuse publictransit to get to work.
51,000,000+office square foot
20Fortune 500Companies
82.5%office occupancy(Class A)
9Fortune 500CompaniesHeadquarters
105,000+passengers transitthrough Downtownon a daily basis.
Chevron 8,600+
Shell Oil Company 7,000+
Chase Bank 4,892+
CenterPoint Energy 3,826+
KBR 2,958+
NRG/Reliant Energy 2,300+
ExxonMobil Corporation 2,200+
Hess 2,000+
Kinder Morgan 1,860+
Deloitte 1,700+
Enterprise Products Partners 1,360+
Ernst & Young 1,300+
Waste Management, Inc. 1,270+
PriceWaterhouseCoopers 1,236+
LyondellBasell Industries 1,200+
Top Employers # Employees
LivingDevelopers have delivered over 3,000 residential units in the last two years, 371 units are under construction, with another 1,179 planned.
Expected to add over 5,000 new residents in thenext three to five years.
257% resident growth between 2007 & 2017in the downtown core
ApartmentData.com named Downtown as the hottest rental submarket in Houston
OVER 50%34 years & younger.
10 PARKS 4,007Households
0 20 40 60 80 100
Score
Walk
Bike
Transit 93
77
76
EntertainmentOver 10 million people visit Downtown annually.
Home to the recently renovated 1.9 million square foot George R. Brown Convention Center, one of the tenlargest convention centers in the nation.
Sports
Downtown welcomed over 1 million visitors during SuperBowl LI.
Toyota Center, home to the NBA’s Houston Rockets, seats up to 18,000 & hosts over 100 events annually.
Minute Maid Park, home to the Astros, has a seating capacity of 40,963.
BBVA Compass Stadium, home to MLS’s Houston Dynamo, Houston Dash & Texas Southern University Tigersfootball team, seats 22,039.
Major Sports/Concert Venue Capacity: 150,000.
Over 300 restaurants, coffee shops and bars.
Outdoor seating available in over 20% of restaurants & cafes.
Hospitality
7,803 hotel rooms.
564 hotels under construction
400+ planned hotels
Retail
415+ of restaurants, bars and clubs.
5 new retailers.
28+ planned retailers (including 3 Food Halls)
TheaterDowntown’s Theater District is the 2nd largest performing arts district in the nation.
4 major arts venues - Jones Hall, Wortham Theater Center, Alley Theatre & the Hobby Center for the Performing Arts
13,000 of theatre district seating capacity.
Dining
13,919 students & 46,627 alumni
43 Bachelor's degree & 8 Master's degree programs
Education
90% OCCUPANCY3 MONTHS
Downtown’s tallest residential high-rise, Market Square Tower, reached
ahead of the projected timelime.
10,000+Residents
157,000+Jobs
9 COMPANYHeadquarters
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Our Team
David [email protected]
Dakota [email protected]
JP HayesVice [email protected]
Clark DaltonSenior Vice [email protected]
10-10-11
Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord
(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.
IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.
IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.
IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about
brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:
(1) shall treat all parties honestly;
(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;
(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and
(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.
With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.
If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
Buyer, Seller, Landlord or Tenant Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)
TREC No. OP-K
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Contact Us713.955.3120777 Post Oak Blvd, Suite 255 Houston, TX 77056www.dmre.com