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Old Posted Jun 13, 2019, 7:25 PM
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Urbannizer Urbannizer is offline
Join Date: Jan 2009
Location: SXSW
Posts: 9,046
Lightbulb HOUSTON | Transrise | FT | FL | 2 Towers

Developer: Texas Group
Type: Office, Multifamily, Retail
Location: 4814 Caroline & 4825 San Jacinto, Museum District
Construction Timeline:

Real estate developer Texas Group is preparing to build a new mixed-use project on the site of one of Houston’s oldest businesses.
Texas Group Principal Danna Sivan said her firm is about three weeks away from closing on the property occupied by Southern Importers, which has provided theatrical supplies and costumes to the Houston community for the past 104 years. Southern Importers announced June 13 that it will cease operating from its shop at 4825 San Jacinto St. in Houston’s Museum District on June 29. The store is in the process of liquidating its inventory.

Sivan declined to comment on how much Texas Group is paying for the property or the cost of the mixed-used development. However, the Harris County Appraisal District has valued the land and the building at $1.7 million combined.

Sivan said the mixed-use project is still in the planning phase and that details about the mix of office, retail and multifamily residential space was not yet available. The firm is also in the process of hiring a team to handle general contracting, design and engineering for the project.

The property is being replatted, she said, “in order to tap into transit corridor ordinance benefits.

Once those steps are completed, Sivan said Texas Group wants to break ground on the project as soon as possible.

“The Museum District is going through a transformation, and we are excited to partake in shaping the upcoming neighborhood,” Sivan said.
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