Big Changes for Montrose? Block with That Half Price Books Strip Center Is for Sale
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.
Gridiron Glory: The Best of Pro Football HOF -- 10AM-3PM
TicketsSat., Apr. 1, 10:00am
Gridiron Glory: The Best of Pro Football HOF -- 3PM-8PM
TicketsSat., Apr. 1, 3:00pm
Gridiron Glory: The Best of Pro Football HOF -- 10AM-6PM
TicketsSun., Apr. 2, 10:00am
Rice Owls Men's Baseball vs. Louisiana Tech Bulldogs Men's Baseball
TicketsFri., Apr. 7, 6:30pm
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.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.