Friday, August 22, 2008

Big deal on Kirby Dr. Coming Soon!

A New York company in the process of blocking up Coney Island property for redevelopment has acquired an entire block on Kirby, a street of redevelopment dreams in Houston.
An affiliate of Thor Equities LLC assumed full ownership of three adjacent tracts on Kirby from local retail broker Blake Tartt III, who spent a year assembling the properties before flipping the final tract to the New York firm last month.
The consolidated three-acre tract on the fringe of ritzy River Oaks fills a city block bounded by Kirby, Colquitt, Lake and West Main. Current retail occupants include Cafe Express and Dessert Gallery Bakery & Café, a Chase Bank, and the former Settegast-Kopf Co. funeral home.
The new owner has applied to the City of Houston Planning Commission to replat the three tracts into one. For more information see: http://www.houstonrealtyadvisors.com/ or http://www.houstonrealtyadvisors.net/