±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s...

18
BAGBY ST W GRAY ST GRANT ST FAIRVIEW ST MEMORIAL DR HYDE PARK BLVD WESTHEIMER RD JACKSON BLVD MONTROSE BLVD TAFT ST TUAM ST Carnegie Vanguard High School Gregory - Lincoln Education Center DOWNTOWN HOUSTON 150,195 employees • 12 Fortune 500 companies Minute Maid Park • Toyota Center • Houston Theater District George R. Brown Convention Center • Discovery Green Park 45 69 ±1 Acre MONTROSE MIDTOWN LIVELY HAIRDRESSING WHITE SALON TEXAS ART SUPPLY MONTROSE NAILS WEST GRAY CLEANERS ANDERSON FAIR RETAIL PINOT’S PALLETTE REEVES ANTIQUES TEX CHICK CUCHARA UCHI CROCKER EL PARAISO LOLA’S DEPOT BARNABY’S CAFE LA MEXICANA BAYOU CITY BAR & GRILL BABY BARNABY’S CAFE ALADDIN BB’S CAFE KATZ’S DELI INDIKA EL TIEMPO NUMBERS NIGHTCLUB L’OLIVIER BISTECCA RISTORANTE HARRY’S RESTAURANT DOLCE VITA PIZZERIA VINOTECA POSCOL NIKO NIKO’S BROOKSTREET BBQ BABA YEGA CAFE JR’S BAR & GRILL BOHEME F BAR MAX’S WINE DIVE PEPPER TWINS INVERSION COFFEE & ART SHIP & SHIELD PINK’S PIZZA CECIL’S PUB MIDTOWN BAR & GRILL LES BA’GET VIETNAMESE GEORGE YOUR COUNTRY SPORTS BAR MONTROSE GALLERY THEO’S ROSEMONT ±1 Acre on Montrose Blvd NEC Montrose Blvd & Hyde Park Blvd in Houston, TX | Price TBD by Market

Transcript of ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s...

Page 1: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

BAGBY STW GRAY ST

GRANT ST

FAIRVIEW

ST

MEMORIAL DR

HYDE

PARK

BLVD

WESTHEIMER RD

JACKSON BLVD

MONTROSE BLVD

TAFT ST

TUAM STCarnegie Vanguard

High School

Gregory - Lincoln Education Center

DOWNTOWN HOUSTON150,195 employees • 12 Fortune 500 companies

Minute Maid Park • Toyota Center • Houston Theater DistrictGeorge R. Brown Convention Center • Discovery Green Park

45

69

±1 Acre

MONTROSE

MIDTOWN

LIVELY HAIRDRESSING

WHITE SALON

TEXAS ART SUPPLY

MONTROSE NAILS

WEST GRAY CLEANERS

ANDERSON FAIR RETAIL

PINOT’S PALLETTEREEVES ANTIQUES

TEX CHICK

CUCHARA

UCHI

CROCKER

EL PARAISO

LOLA’S DEPOT

BARNABY’S CAFE

LA MEXICANA

BAYOU CITY BAR & GRILL

BABY BARNABY’S CAFE

ALADDIN

BB’S CAFE

KATZ’S DELI

INDIKA

EL TIEMPO

NUMBERS NIGHTCLUB

L’OLIVIER

BISTECCA RISTORANTE

HARRY’S RESTAURANT

DOLCE VITA PIZZERIA

VINOTECA POSCOL

NIKO NIKO’S

BROOKSTREET BBQ

BABA YEGA CAFE

JR’S BAR & GRILL

BOHEME

F BAR

MAX’S WINE DIVE

PEPPER TWINS

INVERSION COFFEE & ART

SHIP & SHIELD

PINK’S PIZZA

CECIL’S PUBMIDTOWN BAR & GRILL

LES BA’GET VIETNAMESE

GEORGE YOUR COUNTRYSPORTS BAR

MONTROSE GALLERY

THEO’SROSEMONT

±1 Acre on Montrose Blvd NEC Montrose Blvd & Hyde Park Blvd in Houston, TX | Price TBD by Market

Page 2: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

±1 Acre on Montrose Blvd in Houston, TX | 2

±1 ACRE ON MONTROSE BLVD IN HOUSTON, TX

EXCLUSIVE REPRESENTATIONARA Newmark has been exclusively retained to represent the Seller in the disposition of ±1 acre on Montrose Blvd in Houston, TX (Property). All inquiries about the Property should be directed to ARA Newmark.

DUE DILIGENCE INFORMATIONTo access the due diligence information please visit the Property website at: arausa.listinglab.com/MontroseHydePark

OFFER REQUIREMENTS

Offers should be presented in the form of a non-binding Letter of Intent, and should include:

· Pricing· Due Diligence and Closing Timeframe· Earnest Money Deposit· Description of Debt/Equity Structure· Qualifications to Close· Development Plans

CONTACTSTim [email protected] 713.955.3127M 713.459.8123

David [email protected] 713.955.3126M 713.206.1574

Tom DoschPrincipal [email protected] 713.955.3125M 713.557.4455

Matthew RotanVice [email protected] 713.425.5406M 713.882.5141

ARA, A Newmark Company1700 Post Oak Blvd2 BLVD Place, Suite 400 Houston, TX 77056

www.aranewmark.com

CONTENTSProperty Information

Property Details 3

Demographics 3

Traffic Counts 3

Tax Rates 3

Survey and Setbacks 4

Montrose: Heart of Houston

Map: Walkable Amenities 5

Aerial: Immediate Neighborhood 6

Restaurants, Nightlife, & Shopping 7

Cultural Highlights 8

Local Highlights

Retail & Entertainment 9

Aerial: Downtown & Midtown 10

Area Highlights

Map: Regional Highlights 11

Employment 12Aerial: Upper Kirby, Greenway Plaza, and Galleria/Uptown District 13

Retail & Entertainment 14

Houston Market Overview 15

Appendix

Brokerage Information 17

GRANT ST

WAUGH DR

MONTROSE BLVD

VAN BUREN ST

YOAKUM BLVD

HYDE PARK BLVD

COMMONWEALTH ST

JACKSON BLVD

INDIANA ST

FAIRVIEW ST

W DREW ST

WILLARD ST

WELCH ST

MISSOURI STPACIFIC ST

CONVERSE ST

CROCKER ST

±1 Acre

RUDYARD’S BRITISH PUB

RIVA’S ITALIAN

NEXT DOOR GALLERY

Purchase terms shall require cash to be paid at closing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Matt Rotan via fax or email.

Page 3: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

TRACT DETAIL

LOCATION NEC Montrose Blvd & Hyde Park Blvd , Houston, TX 77006

LAT., LONG. 29.747722, -95.391684

TOTAL ACRES ±0.998

PARCEL NUMBER 0180300030001

LEGAL RES A BLK 1 HYDE PARK 3RD PAR R/P

FRONTAGE (APPROX.)

201 ft on Montrose Blvd 194 ft on Fairview St 187 ft on Grant St 220 ft on Hyde Park Blvd

UTILITIES City of Houston

SCHOOL DISTRICT Houston Independent School District

FLOODPLAIN Not in the floodplain

2016 DEMOGRAPHICS 0-1 mi 0-3 mi 0-5 mi

Est. Population 18,326 129,664 376,468

2016-2021 Est. Population Growth 7.10% 9.92% 9.50%

Est. Average Household Income 55,792 75,977 85,911

Est. Median All Owner-Occupied Housing Values

182,913 220,309 226,041

TAX RATES2016 2015

HOUSTON ISD 1.206700 1.196700

HARRIS COUNTY 0.416560 0.419230

HARRIS CO FLOOD CNTRL 0.028290 0.027330

PORT OF HOUSTON AUTHY 0.013340 0.013420

HARRIS CO HOSP DIST 0.171790 0.170000

HARRIS CO EDUC DEPT 0.005200 0.005422

HOU COMMUNITY COLLEGE 0.100263 0.101942

CITY OF HOUSTON 0.586420 0.601120

Total 2.528563 2.535164

W DREW ST

WELCH ST

GRANT ST

WAUGH DRCOMMONWEALTH DRMISSOURI ST

CALIFORNIA ST

STAN

FORD

ST

CROC

KER

ST

CONV

ERSE

ST

HYDE PARK BLVD

WESTHEIMER RD

JACKSON BLVD

FAIRVIEW ST

MON

TROS

E BLV

D

SITE

5,770

13,678

5,906

2,9165,994

6,370

6,18220,000 17,550 21,826

1,9057,290

7,632

31,644

25,730TRAFFIC COUNTS IN CARS PER DAY

±1 Acre on Montrose Blvd in Houston, TX | 3

Tax Rates, Traffic Counts, and DemographicsPROPERTY INFORMATION

Page 4: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

FAIRVIEW AVENUEBUILDING SETBACKS

Montrose Blvd: 10 feet

Fairview Ave: 10 feet

Grant St: 0 foot

Hyde Park Blvd: 0 foot

±1 Acre on Montrose Blvd in Houston, TX | 4

Survey and Building SetbacksPROPERTY INFORMATION

Page 5: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

MONTROSE BLVD

GRANT ST

WAUGH DR

YUPON ST

COMMONWEALTH DR

MISSOURI ST

MISSOURI ST

CHERRYHURST ST

MARYLAND ST

HAVER ST

CALIFORNIA ST

CALIFORNIA ST

WHITNEY ST

TAFT ST

MASON ST

CROCKER ST

STANFORD ST

MORGAN ST

YOAKUM BLVD

VAN BUREN ST

MT VERNON ST

ROSELAND ST

GRAUSTARK ST

HYDE PARK BLVD

WESTHEIMER RD

LOVETT BLVD

HAWTHORNE ST

COURTLAND PL

STRATFORD ST

AVONDALE ST

FAIRVIEW ST

CHERRYHURSTPARK

SITE

0.25 MILE

42 8

9

10 11

12

14

15

16

17

18 1920

21

36

44

43

37

45

38

3940

22

23

24

2526

29 30 41

31 32

3435

47 46

48

49

50

33

27

28

13

1 247

5

3

6

1

11

12

13

14

1516

17

18

19

2

34 5

7

8 9

10

6

1

2

3

4

6

5

24

3

1

1 Silverlust Jewelry2 Light Bulbs Unlimited3 Copy.com4 Half Price Books5 Mattress Firm 6 Spec’s Wine & Spirits7 Crossroads Trading8 Cottage Thrift Shop9 Tejas Custom Boots10 Pinot’s Pallette11 Biscuit Home12 Corazon Fair Trade Arts-Crafts13 Ciao Salon

1 Underbelly2 Uchi3 Mala Sichuan Bistro4 Dolce Vita Pizzeria Enoteca5 Cuchara Restaurant6 Da Marco Cucina E Vino7 Indika8 Lola's Depot9 Crocker10 El Paraiso Mexican11 Tex Chick12 Bistecca Ristorante13 George Your Country Sports Bar

RESTAURANTS & NIGHTLIFE1 Campesino Coffee House2 Blacksmith3 Kung Fu Tea4 Starbucks5 Mercantile6 Southside Espresso

1 Yoga Central2 Define Yoga3 Pralaya Yoga4 The Bar Method

COFFEE & TEA HOUSES

FITNESS

RETAIL14 Bayou City Bar & Grill15 Snooze16 JR's Bar & Grill17 Niko Niko's18 Riva's Italian19 Brookstreet BBQ20 Baba Yega Cafe21 The Hay Merchant22 BB's Cafe23 Aladdin Mediterranean24 Rosemont25 Theos Restaurant26 Katz's Deli

27 Vinoteca Poscol28 369 Oriental Bistro29 Osaka Japanese30 AvantGarden31 El Tiempo Cantina32 Numbers Night Club33 MAX's Wine Dive34 Boheme35 Pepper Twins36 Doc's Motorworks37 Catbirds38 Anvil Bar & Refuge39 Boondocks

40 Pistolero's41 Biskit Junkie42 La Mexicana43 La Fendee44 Nidda Thai Cuisine45 El Real Tex Mex46 Baby Barnaby's47 Barnaby's48 Love Buzz49 Michelangelo's50 L’Olivier

14 Marbella Spa and Salon15 Hue Salon16 Houston Bicycle17 Reeves Antiques18 Roman Hair Studio19 Boss Lady Couture

HOUSTON PRESS TOP 100

Map: Houston’s most pedestrian-friendly neighborhoodMONTROSE

Page 6: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

GRANT ST

WAUGH DR

MONTROSE BLVD

VAN BUREN ST

YOAKUM BLVD

HYDE PARK BLVD

COMMONWEALTH ST

JACKSON BLVD

INDIANA ST

FAIRVIEW ST

W DREW ST

WILLARD ST

WELCH ST

MISSOURI STPACIFIC ST

CONVERSE ST

CROCKER ST

±1 Acre

YOGA CENTRAL

LIVELY HAIRDRESSING

CIAO SALON

CORAZON FAIR TRADE BREATHE BIG YOGA

CROCKER

LA MEXICANA

LOLA’S DEPOT

BAYOU CITY BAR & GRILL

RUDYARD’S BRITISH PUB

NIKO NIKO’S

BROOKSTREET BBQ

NEXT DOOR BAR

CAMPESINO COFFEE HOUSE

BABA YEGA CAFE

RIVA’S ITALIAN

JR’S BAR & GRILL

MONTROSE GALLERY

NEXT DOOR GALLERY

RETAIL

RESTAURANTS & NIGHTLIFE

CULTURE & FITNESS

±1 Acre on Montrose Blvd in Houston, TX | 6

MONTROSE Aerial: Houston’s most pedestrian-friendly neighborhood

Page 7: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

Montrose is home to 18 of the Houston Press Top 100 Restaurants in 2016:Hugo’s (#2)The Pass & Provisions (#3)BCN Taste & Tradition (#4)Pax Americana (#6)Underbelly (#12)Da Marco (#17)Uchi (#22)Common Bond Cafe & Bakery

CucharaDolce Vita Pizzeria EnotecaGood Dog HoustonGusto GourmetIndikaMala Sichuan BistroPaulie’sPizaro’s Pizza NapoletanaRoost

SHOPPINGMontrose’s retail offerings are unique in Houston: secondhand couture, fair trade home furnishings, priceless antiques and curated thrift stores put this neighborhood on the cutting edge of fashion

COFFEE CULTUREMontrose caters to Houston’s caffeine addiction better than any other neighborhood: unique cafes with their own signature style serve as perfect places to work, socialize, relax, and even enjoy original artwork by local artistsAgoraBacchusBlack Hole Coffee HouseBlacksmithBungalow CoffeeCafe BrasilCampesino Coffee HouseEmpire Cafe

Inversion Coffee & ArtKung Fu TeaMinuti CoffeeMercantileSiphon CoffeeSouthside EspressoThe Teahouse

NIGHTLIFEMontrose’s nightlife has something for everyone: trendy wine bistros, fashionable clubs, casual dives, artsy pubs, and artisanal cocktail bars

HUGO’S

UNDERBELLY

AGORA

CUCHARA

ANVIL

PAX AMERICANA

Anvil Bar & RefugeAvantGardenBayou City Blur Bar BohemeBoondocks CatbirdsCecil’s PubCezanneCrocker

Doc’s MotorworksEagle BarF Bar Firkin & Phoenix Griff’s Houston Guava Lamp Kenneally’sJR’s Bar & GrillLa Grange Lola’s Depot

MAX’s Wine Dive Michael’s Outpost NumbersPistolero’sPoison Girl RosemontRudyard’s The Black Labrador PubThe Davenport Lounge

The Flat The HarpThe Hay Merchant The Next Door The Patio The Red Lion PubTK Bitterman’s West Alabama Ice House Zimm’s

American Apparel Antique & Design GuysBiscuit HomeBJ Oldies Antique Shop Blackbird Trading CoBlue Bird CircleBuffalo ExchangeCottage Thrift Shop Couture BlowoutCrossroads Trading CompanyFashion RecyclerHeiress BoutiqueJbird HoustonLeopard LoungeLo-Fi VintageMerchant and Market

Mio Boutique Montrose Shop Old Blue House Antique Shop Pavement Houston ClothingPride & Joy AntiquesSilverlust JewelrySloan/HallSoundwavesSpace MontroseSTAG Provisions for MenTaxi Taxi ClothingTejas Custom BootsWardrobe The BoutiqueWestheimer Flea Market

±1 Acre on Montrose Blvd in Houston, TX | 7

Houston’s best restaurants, bars, and coffee shopsMONTROSE

Page 8: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

MONTROSE MUSEUMS & THEATERSMenil Collection

· 30-acre neighborhood of art withfree admission

· Houses special exhibitions and thepermanent collection

· Known for displays that allow theobjects and works of art to speakfor themselves

· Permanent collections includeSurrealist and other modernEuropean painting and sculpture;Byzantine and medieval art andartifacts; African, Pacific Islands,and Pacific Northwest Native art;art of the ancient Americas and theancient Mediterranean and NearEast; and American art after WorldWar II

Aurora Picture Show · Shows short artist-made films and

videos and hosts visiting film/vid-eomakers and curators

Musiqa· Non-profit organization dedicated

to the performance of contemporaryclassical music

The Printing Museum· Exhibits the documents and tools

that illustrate the relationshipbetween a free press and a knowl-edgeable society

Stages Repertory Theatre· Nationally recognized productions

including coverage in The New York Times, The Wall Street Journal, Variety, Vogue and American Theatre Magazine

· Varied repertoire of world andregional premieres

Classical Theatre Company· Dedicated to boldly re-envisioning

classical drama on the stage, in thecommunity, and in the classroom

· The only professional theatre com-pany in the Houston area that pro-duces year round classical drama

BooTown· Non-profit theater group dedicated

to taking the ordinary and makingit distinctive in non-traditionalsettings

ROTHKO CHAPELEcumenical chapel featuring the work of Mark Rothko, one of the most influential American artists of the mid-century

On Travel + Leisure’s list of 101 Places Every Traveler Should Know (2012)

Named one of the 10 most mind-blow-ing, energizing, unorthodox and flat-out cool places to experience art in America by GQ (2010)

Listed by Yahoo! Travel as one of the top 10 U.S. places to see before you die (2008)

On National Geographic’s list of the world’s “most sacred places”

MONTROSE HISTORIC DISTRICTSMontrose is home to six of the nine-teen designated Historic Districts in the city of Houston: Avondale East, Avondale West, Courtland Place, Audubon Place, Westmoreland, and First Montrose Commons.

Montrose was honored by the American Planning Association as one of the country’s 10 great neighborhoods due to its walkable street grid, carefully preserved historic districts and eclectic mix of homes and businesses

Named by Forbes as one of the top ten transformed neighborhoods in America. Montrose has reaped the rewards of a $2.6 billion revitalization project installed in the late 1990s, with home values well above Houston’s other neighborhoods

ROTHKO CHAPEL

THE MENIL COLLECTION

±1 Acre on Montrose Blvd in Houston, TX | 8

Nationally recognized cultural attractions and historic buildingsMONTROSE

Page 9: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

MIDTOWN (0.5 MILE) · Currently encompasses 617 acres of land within its

boundaries · Thriving mixed-use community is among Houston’s

most culturally diverse areas · Five colleges and universities nearby with com-

bined enrollments of over 50,000 · More than 25 nightlife spots and over 45

restaurants

DOWNTOWN HOUSTON (1 MILE)Toyota Center

· Home of the NBA’s Houston Rockets · The Toyota Center has a total of 750,000 square feet,

with 18,300 seats available for basketball, 17,800 for hockey, and 19,000 for concerts, including 2,900 club seats and 103 luxury, courtside seats

Minute Maid Park · Home of the Houston Astros and Houston Aeros

professional sports teams · Built in the year 2000, Minute Maid Park has a 242-

foot high retractable roof, a gross square footage of 28.97 acres, a total square footage of 1,263,240, and a total of 40,963 seats

Discovery Green Park · Since opening in 2008, the park has helped drive

convention activity and has served as a catalyst for $625 million in downtown development

· Two-acre picnic lawn with one-acre lake, jogging trail, performance stage, two dog parks, and multi-ple gardens

GreenStreet · Encompasses 316,000 square feet of open-air retail

space; Dining and entertainment options include III Forks, McCormick & Schmick’s, House of Blues, Pete’s Piano Bar

Houston Theater District · The Houston Theater District, an impressive

17-block cultural and entertainment center, is the second largest performing arts district in the U.S. next to Broadway in New York City

· Nine performing arts organizations with more than 12,900 seats for live performances

· More than two million visitors annually · Venues include: Bayou Place, Alley Theater,

Wortham Theater Center, Hobby Center, Sundance Cinemas, Jones Hall & Jones Plaza, House of Blues, Houston Ballet, Bayou Music Center

WASHINGTON CORRIDOR (1.5 MILES) · One of Houston’s most popular nightlife spots · Neighborhood retail includes a 215,000-square-

foot Wal-Mart-anchored retail center and a Target-anchored retail center

· Trendy eateries and nightlife destinations include Benjy’s, Darkhorse Tavern, El Rey Taqueria, Max’s Wine Dive, Nox, Kung Fu Saloon, Laurenzo’s, Diem Lounge, Sanctuary Lounge, The Counter, El Tiempo Cantina, Rebels Honky Tonk, Porch Swing Pub, Catalina Coffee, 360 Sports Lounge, Luke’s Ice House, Underdogs Pub, The Blue Fish, Coppa Ristorante Italiano, and Molina’s Cantina

HOUSTON THEATER DISTRICT

DISCOVERY GREEN PARK & THE GEORGE R. BROWN CONVENTION CENTER

Westheimer Rd & Shepherd Dr (1.25 miles)

Eco CleanersMattress One Sport ClipsNail’eryMalibu Tan

ExxonCitgoHouston Wine Merchant

Montrose Blvd & Lovett Blvd (0.25 mile)

Half Price BooksCopy.comLight Bulbs Unlimited

W. Alabama St & Shepherd Dr (1.25 miles)

Whole Earth Provision Co.Mattress OneBanfield Pet Hospital

W. Alabama St & Dunlavy St (1 mile)

W. Gray St & Waugh Dr (0.5 mile)

Carol’s Alterations & CleanersQ Nails & SpaFIT Athletic ClubEuropean Wax Center

±1 Acre on Montrose Blvd in Houston, TX | 9

Retail & EntertainmentLOCAL HIGHLIGHTS

Page 10: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

BAGBY STW GRAY ST

GRANT ST

FAIRVIEW

ST

MEMORIAL DR

HYDE

PARK

BLVD

WESTHEIMER RD

JACKSON BLVD

MONTROSE BLVD

TAFT ST

TUAM STCarnegie Vanguard

High School

Gregory - Lincoln Education Center

DOWNTOWN HOUSTON150,195 employees • 12 Fortune 500 companies

Minute Maid Park • Toyota Center • Houston Theater DistrictGeorge R. Brown Convention Center • Discovery Green Park

45

69

±1 Acre

MONTROSE

MIDTOWN

LIVELY HAIRDRESSING

WHITE SALON

TEXAS ART SUPPLY

MONTROSE NAILS

WEST GRAY CLEANERS

ANDERSON FAIR RETAIL

PINOT’S PALLETTEREEVES ANTIQUES

TEX CHICK

CUCHARA

UCHI

CROCKER

EL PARAISO

LOLA’S DEPOT

BARNABY’S CAFE

LA MEXICANA

BAYOU CITY BAR & GRILL

BABY BARNABY’S CAFE

ALADDIN

BB’S CAFE

KATZ’S DELI

INDIKA

EL TIEMPO

NUMBERS NIGHTCLUB

L’OLIVIER

BISTECCA RISTORANTE

HARRY’S RESTAURANT

DOLCE VITA PIZZERIA

VINOTECA POSCOL

NIKO NIKO’S

BROOKSTREET BBQ

BABA YEGA CAFE

JR’S BAR & GRILL

BOHEME

F BAR

MAX’S WINE DIVE

PEPPER TWINS

INVERSION COFFEE & ART

SHIP & SHIELD

PINK’S PIZZA

CECIL’S PUBMIDTOWN BAR & GRILL

LES BA’GET VIETNAMESE

GEORGE YOUR COUNTRYSPORTS BAR

MONTROSE GALLERY

THEO’SROSEMONT

RETAIL

RESTAURANTS & NIGHTLIFE

CULTURE & FITNESS

HOUSTON PRESS TOP 100

±1 Acre on Montrose Blvd in Houston, TX | 10

Aerial: Downtown Houston & MidtownLOCAL HIGHLIGHTS

Page 11: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

1010

45

45

45

610

610

610

69

69

DOWNTOWN HOUSTON

TEXAS MEDICAL CENTER

GALLERIA/UPTOWN DISTRICT

MEMORIAL CITY

GREENWAY PLAZA

RICE VILLAGE

GALLERIA MALL

W 19TH ST SHOPPING DISTRICT

THEATER DISTRICT

HERMANN PARK

RICE UNIVERSITY

RIVER OAKS DISTRICT

RIVER OAKSSHOPPING CENTER

HIGHLAND VILLAGE

NRG PARK

UNIVERSITY OF HOUSTON

UNIVERSITY OF ST. THOMAS

UNIVERSITY OF HOUSTON DOWNTOWN

BUSH INTERCONTINENTAL

AIRPORT

HOBBYAIRPORT

KATYTHE HEIGHTS

GARDEN OAKS

EAST DOWNTOWN

WASHINGTON CORRIDOR

NEAR NORTHSIDE

MIDTOWN

UPPER KIRBY

RIVER OAKS

MONTROSE

WEST UNIVERSITY

HUNTERS CREEKVILLAGE

BRAESWOOD PLACE

GREATERTHIRD WARD

GREATERFIFTH WARD

MUSEUM DISTRICT

SPRING BRANCH EAST

JERSEY VILLAGE

CYPRESS

WILLOWBROOK

TOMBALL

HUMBLE

SPRING

THE WOODLANDS

GREENSPOINT

MEMORIALPARK

EMPLOYMENT

EDUCATION

RETAIL & ENTERTAINMENT

MEMORIAL PARK: 2.5 MILES

GALLERIA/UPTOWN DISTRICT: 4 MILES

TEXAS MEDICAL CENTER: 2.5 MILES

DOWNTOWN HOUSTON: 1 MILE

±1 Acre on Montrose Blvd in Houston, TX | 11

Map: Regional employment, education, and retailAREA HIGHLIGHTS

Page 12: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

TEXAS MEDICAL CENTER (2.5 MILES)World’s Largest Medical Complex

· Situated on 1,345 acres, the Texas Medical Center(TMC) is the eighth-largest business district in thecountry, right after Philadelphia and Seattle

· Institutions within TMC: 21 renowned hospitals, 13support organizations, 8 academic and researchinstitutions, 6 nursing programs, 3 public healthorganizations, 3 medical schools, 2 universities, 2pharmacy schools, 1 dental school

· 7.2 million visits per year - More than the popula-tions of Los Angeles, Houston, and San Franciscocombined

· 106,000 employees - More people than Exxon,Apple, or Google

· 7,000 patient beds· 25,000 babies delivered annually - TMC delivers

about 1 baby every 20 minutes· 171,000 annual surgeries - TMC begins 1 surgery

every 3 minutes· 18 miles of public and private streets· Most heart surgeries in the world - the TMC per-

formed the first successful heart transplant in theU.S.

GREENWAY PLAZA (3 MILES)· Ten-building complex totaling over 4.25 million

square feet of Class A office space and boasts over25,000 employees

· Major employers include Oxy USA, Transocean,Koch Industries, and Investco

· Master-planned mixed-use 52-acre site with pre-mier frontage along US 59

· Recently sold to Cousins for $1.3 billion

UPTOWN DISTRICT (4 MILES)· One of the largest US business districts outside of

a historic core; 14th largest business district in thenation with 26 million square feet of commercialoffice space

· Hosts over 82,000 employees and 2,000 compa-nies, including Fortune 500 companies CameronInternational, Apache, Spectra Energy, MarathonOil

· Contains the second most square footage of ClassA office space (17 million) behind DowntownHouston

TEXAS MEDICAL CENTER

GREENWAY PLAZA

CENTRAL BUSINESS DISTRICT (1 MILE) · 150,195 employees· Hosts 12 of Houston’s 26 Fortune 500

companies· Major employers (number of employees)

include Chevron (7,000), Shell Oil Company(6,500), Chase Bank (4,695), KBR (3,175),ExxonMobil Corporation (3,000), Kinder Morgan(2,200), CenterPoint Energy (2,040), HessCorporation (1,870), United Airlines (1,840), andWells Fargo (1,695)

· Home to Minute Maid Park (Houston Astros)and Toyota Center (Houston Rockets)

· Contains 1.2 million square foot George R.Brown Convention Center

· Two new office towers coming soon to down-town being developed by Hines (41 stories) andChevron (50 stories, 1.7 million square feet, and1,752 additional employees)

±1 Acre on Montrose Blvd in Houston, TX | 12

EmploymentAREA HIGHLIGHTS

Page 13: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

±1 Acre on Montrose Blvd in Houston, TX | 13

KIRBY DR

WAUGH DR

GRANT ST

W ALABAMA ST

WESTHEIMER RD S SHEPHERD DR

MONTROSE BLVD

HYDE PARK BLV

D

MISSOURI ST

JACK

SON

BLVD

FAIRVIEW ST

610

±1 Acre

MONTROSE HYDE PARKHome ValuesUp to $3.5M

RIVER OAKSHome ValuesUp to $15M

GREENWAYPLAZA

UPPER KIRBY

GALLERIA/UPTOWN DISTRICT

CIAO SALON

CORAZON FAIR TRADE

HEIRESS BOUTIQUE

SILVERLUST JEWELRY

COUTURE BLOWOUT

BREATHE BIG YOGA

RUDYARD’S BRITISH PUB

NIKO NIKO’S

BABA YEGA CAFE

BROOKSTREET BBQ

NEXT DOOR BAR

RIVA’S ITALIAN

CAMPESINO COFFEE HOUSE

UNDERBELLY

BLACKSMITH

DOC’S MOTORWORKS

DA MARCO CUCINA E VINO

EL REAL TEX MEX

MALA SICHUAN BISTRO

COMMON BOND CAFE & BAKERYAGORA

EMPIRE CAFE

HUGO’S

BOONDOCKS

BISCUIT HOME

LO-FI VINTAGEFASHION RECYCLERBLACKBIRD TRADINGMERCHANT & MARKET

PAVEMENT CLOTHINGLEOPARD LOUNGEAMERICAN APPARELSPACE MONTROSE

BJ OLDIES ANTIQUESANTIQUE & DESIGN GUYSOLD BLUE HOUSE MONTROSE SHOPPRIDE & JOY ANTIQUES

PISTOLERO’S

ANVIL BAR & REFUGE

KENNEALLY’S

RED LION PUB

CATBIRDS

NIDDA THAI

LA FENDEE

THE HAY MERCHANT

MONTROSE GALLERY

SUGA ART GALLERY

NEXT DOOR GALLERY

YOGA CENTRAL

ChurrascosTorchy's TacosKolache FactoryYogurtlandThe Teahouse

Demeris Bar-B-QLittle Pappas SeafoodThai Pepper RestaurantMaiko Bar and BistroJenni's Noodle HouseTriniti

PAULIE’S ROOST

POISON GIRLLA GRANGE

Aerial: Upper Kirby, Greenway Plaza, and Galleria/Uptown DistrictAREA HIGHLIGHTS

RETAIL

RESTAURANTS & NIGHTLIFE

CULTURE & FITNESS

HOUSTON PRESS TOP 100

Page 14: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

±1 Acre on Montrose Blvd in Houston, TX | 14

MUSEUM DISTRICT (1.5 MILES) · One of the largest walkable cultural

districts in the United States · Holocaust Museum Houston,

Children’s Museum of Houston, and the Museum of Fine Arts, Houston

· 19 museums with a $371.7 million economic impact

· 7 million annual visits and 2,300 employees

Hermann Park · 445 acres of parkland, entertainment

options, and venues for visitors · McGovern Centennial Gardens,

Hermann Park Golf course, the Miller Outdoor Theatre, a jogging track, the Houston Zoo, the Museum of Natural Science with the Cockrell Butterfly Exhibit, the Buddy Carruth Playground For All Children, the Japanese Garden, and McGovern Lake with its paddle boats

UPPER KIRBY (2 MILES) · High end retail, posh boutiques, and

many of Houston’s finest restaurants, including Pondicheri, Fleming’s, Grace’s, Giacomo’s Cibe e Vino, Chuy’s, Carrabba’s, Turquoise Grill, BB’s Cafe, Goode Co. Seafood and Goode Co. Taqueria, The Queen Vic Pub & Kitchen, and Kata Robata

· Whole Foods Market, Bed Bath & Beyond, Ulta

· Upper Kirby features two theater ven-ues: AD Players and The Music Box

THE HEIGHTS (2 MILES)W 19th Shopping District

· Center for shopping, dining, and nightlife: in addition to a Kroger, CVS, and four banks, it hosts more than 13 eateries and bars, two fitness centers, three theater venues, and many unique independent shops

MEMORIAL PARK (2.5 MILES) · One of the largest urban parks in the

United States at 1,466 acres · Includes Memorial Park Golf Course

and facilities for tennis, softball, swimming, track, croquet, volleyball, skating, and cycling

· Features the Seymour Lieberman Exercise Trail, a 2.93 mile crushed granite pathway that sees almost 3 million visits annually

· Home to the Houston Arboretum & Nature Center, a 155-acre urban nature sanctuary with 5 miles of trails

GREENWAY PLAZA (3 MILES) · Edwards Stadium 24 Movie Theater · Dining includes Colina’s, Oishii’s,

Bullritos, Buffalo Wild Wings, and Tony’s

GRANT ST

MONTROSE BLVD

WESTHEIMER RD

W ALABAMA ST

RICHMOND AVE

HYDE PARK BLVD

FAIRVIEW ST

YOAKUM BLVD

±1 Acre

MUSEUM DISTRICT

HERMANN PARKRICE UNIVERSITY

UNIVERSITY OF ST. THOMAS

TEXAS MEDICAL CENTER

HanoverMontrose

GRIFF’S

UCHI’S

LOLA’S DEPOT

BAYOU CITY BAR & GRILL

THE HAY MERCHANT

CROSSROADS TRADING

DEFINE YOGA

SOUNDWAVES

HUE SALON

HALF PRICE BOOKSSPEC’S WINE & SPIRITSMATTRESS FIRM

ALADDINBB’S CAFE

EL REAL

KUNG FU TEA

NIKO NIKO’S

RIVA’S ITALIANBABA YEGA CAFE

BLACK LABRADOR

BCN TASTE & TRADITION

MONTROSE GALLERY

ROSEMONT

JR’S BAR & GRILL

MALA SICHUAN BISTRO

UNDERBELLY

PAX AMERICANA

GOOD DOG

SNOOZE

Retail & EntertainmentAREA HIGHLIGHTS

RETAIL

RESTAURANTS & NIGHTLIFE

CULTURE & FITNESS

HOUSTON PRESS TOP 100

Page 15: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

CONTINUED GROWTHHouston saw continued growth in 2015 in spite of the neg-ative perception driven by the decline in energy prices. This growth was largely attributed to strengths in other areas of Houston’s diverse economy. Houston created 15,200 jobs in 2015. This employment increase distinctly separates 2015 in Houston from previous periods that saw energy downturns, namely the 1980s, early-1990s, ear-ly-2000s, and the Great Recession. In all of these periods Houston sustained substantial job losses. Not only did Houston gain jobs in 2015, but it is projected to continue to do so in 2016.

Houston ranks No. 3 out of 106 U.S. metros for the number of private-sector jobs added between September 2006 and September 2016. The Greater Houston Partnership is projecting Houston will add 22,900 jobs across all sectors in 2016, demonstrating confidence from local experts. REIS and Witten Advisors project even higher numbers at 38,280 and 30,700 jobs respectively.

To understand the growth in 2015, and the positive pro-jections for 2016, all the drivers of Houston’s economy must be considered. Energy is only one of several key drivers, and it is the only one currently contracting. Other

key drivers include the U.S. economy, the petrochemical industry, and the medical industry, all of which are strong and growing.

MARKET DRIVERS

A key difference between 2015 and previous energy down-turns is that the U.S. economy is still growing. In all four previously mentioned downturns the U.S. saw a decline in employment. However, in 2015 total nonfarm employ-ment in the U.S. grew 1.9% year-over-year, translating to 2,650,000 jobs. Projections for U.S. job growth in 2016 range from 1.70% to 2.25%, which is good news for Houston.

When the U.S. does well, Houston does well. In the last 25 years, only once (2003) has Houston lost jobs while the U.S. gained jobs. Dr. Bill Gilmer, Chief Economist at the University of Houston, estimates that every 1% of U.S. job growth creates 33,000 jobs in Houston. Another import-ant factor to consider in regards to Houston’s continued growth is the diverse local economy. For better or worse, Houston’s perception is tied to energy. However, there has been significant diversification over the last 30 years.

DIVERSE INDUSTRY

Losses in upstream energy have been more than offset by the rapid growth of Houston’s other industries. Over 65,000 jobs were gained in food services (15,200 jobs), healthcare services (15,000 jobs), construction (12,600 jobs), government (7,400 jobs), retail (4,300 jobs), edu-cation (2,200 jobs), arts and entertainment (2,000 jobs), and finance and insurance (1,800 jobs). Remaining gains were in other services, transportation, warehousing, and utilities. Houston’s east side boom added 7,100 jobs to the heavy and civilian construction sector.

Vehicle sales remain strong with 341,426 vehicles sold in the 12 months ending June 2016. Airport traffic continues to grow: the Houston Airport System handled 27.0 mil-lion passengers through the first six months of 2016, up 1.3% from the 26.4 million handled over the same period in 2015. International passengers totaled 5.8 million, up 12.8% from the 5.1 million handled YTD in 2015.

The Port of Houston – which has a statewide economic impact of over $264.9 billion – led Texas to be the top exporting state for the 13th consecutive year. The two industries which have perhaps contributed the largest impact on Houston’s growth are petrochemicals and medicine.

HOUSTON’S WORKFORCE · Over 6,000 manufacturers employ more than

250,000 skilled workers · More than 89,000 engineering and architec-

ture professionals in a variety of fields · Over 165,000 high-tech (energy, medicine,

and aerospace) professionals

INTERNATIONAL CITY

Houston’s business cost is 2.0% below the U.S. average, drawing foreign trade, investment, and business to the region. Houston hosts:

· More than 90 Foreign Consulates · 31 active Foreign Chamber of Commerce

and Foreign Trade Associations · 21 foreign banks, representing 9 nations · More than 752 foreign-owned firms · More than 437 companies with branches in

±1 Acre on Montrose Blvd in Houston, TX | 15

Houston Market OverviewAREA HIGHLIGHTS

Page 16: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

Houston saw continued growth in 2015 in spite of the negative perception driven by the decline in energy prices. This growth was largely attributed to strengths in other areas of Houston’s diverse economy. As of December 2015, Houston added 23,200 jobs year-over-year1. This employment increase distinctly separates 2015 in Houston from previous periods that saw energy downturns, namely the 1980s, early-1990s, early-2000s, and the Great Recession. In all of these periods Houston sustained substantial job losses. Not only did Houston gain jobs in 2015, but it is projected to continue to do so in 2016. The Greater Houston Partnership is projecting Houston to add 21,900 jobs this year, demonstrating confidence from local experts. REIS and Witten Advisors project even higher numbers at 38,280 and 30,700 jobs respectively.

To understand the growth in 2015, and the positive projections for 2016, all the drivers of Houston’s economy must be considered. Energy is only one of several key drivers, and it is the only one currently contracting. Other Key drivers include the U.S. economy, the petrochemical industry, and the medical industry, all of which are strong and growing.

Market Drivers

A key difference between 2015 and previous energy downturns is that the U.S. economy is still growing. In all four previously mentioned downturns the U.S. saw a decline in employment. However, in 2015 total nonfarm employment in the U.S. grew 1.9% year-over-year, translating to 2,650,000 jobs. Projections for U.S. job growth in 2016 range from 1.70% to 2.25%, which is good news for Houston. When the U.S. does well, Houston does well. In the last 25 years, only once (2003) has Houston lost jobs while the U.S. gained jobs. Dr. Bill Gilmer, Chief Economist at the University of Houston, estimates that every 1% of U.S. job growth creates 33,000 jobs in Houston.

Another important factor to consider in regards to Houston’s continued growth is the diverse local economy. For better or worse, Houston’s perception is tied to energy. However, there has been significant diversification over the last 30 years. Losses in upstream energy have been more than offset by the rapid growth of Houston’s other industries. Vehicle sales are at all-time highs – 376,481 sales in 2015. Airport traffic continues to grow, with an estimated 50 million passengers moving through Houston airports a year. The Port of Houston – which has a statewide economic impact of over $264.9 billion – led Texas to be the top exporting state for the 13th consecutive year. The two industries which have perhaps contributed the largest impact on Houston’s growth are petrochemicals and medicine.

Houston Overview Houston Overview

Houston saw continued growth in 2015 in spite of the negative perception driven by the declinein energy prices. This growth was largely attributed to strengths in other areas of Houston’sdiverse economy. As of December 2015, Houston added 23,200 jobs year‐over‐year1. Thisemployment increase distinctly separates 2015 in Houston from previous periods that sawenergy downturns, namely the 1980s, early‐1990s, early‐2000s, and the Great Recession. In allof these periods Houston sustained substantial job losses. Not only did Houston gain jobs in2015, but it is projected to continue to do so in 2016. The Greater Houston Partnership isprojecting Houston to add 21,900 jobs this year, demonstrating confidence from local experts.REIS and Witten Advisors project even higher numbers at 38,280 and 30,700 jobs respectively.

To understand the growth in 2015, and the positive projections for 2016, all the drivers ofHouston’s economy must be considered. Energy is only one of several key drivers, and it is theonly one currently contracting. Other Key drivers include the U.S. economy, the petrochemicalindustry, and the medical industry, all of which are strong and growing.

Market Drivers

A key difference between 2015 and previous energy downturns is that the U.S. economy is stillgrowing. In all four previously mentioned downturns the U.S. saw a decline in employment.However, in 2015 total nonfarm employment in the U.S. grew 1.9% year‐over‐year, translatingto 2,650,000 jobs. Projections for U.S. job growth in 2016 range from 1.70% to 2.25%, which isgood news for Houston. When the U.S. does well, Houston does well. In the last 25 years, onlyonce (2003) has Houston lost jobs while the U.S. gained jobs. Dr. Bill Gilmer, Chief Economist at

‐120

‐100

‐80

‐60

‐40

‐20

0

20

40

60

80

100

120

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*2016

WTI Pric

e

% of Job

 Growth

US Job Growth Houston Job Growth Avg WTI Price

NATURAL GASis fueling a strong construction cycle along the U.S. Gulf Coast for chemicals, LNG and agriculture

INTERNATIONAL TRAVELwill grow as Hobby Airport opens its International Terminal in 2015, generating 10,000 jobs

RETAIL SALESin Houston grew by 30.3% from 2009-2013, fueled by population growth and rising incomes

HOUSING Houston ranks No. 2 in the nation in hous-ing starts, behind only Dallas, the national homebuilding leader

CONSTRUCTIONpermits for the City of Houston totaled $8.3 billion in the 12 months ending June 2015

AUTO SALESexperienced the best June on record in 2015, selling 34,424 vehicles (+8.7% from last year)

HEALTHCARE SERVICESaccount for one in ten jobs in the Houston region and 9.5% of the local payroll

UNPRECEDENTED EXPANSIONThe Houston area is currently experiencing an unprece-dented expansion of its petrochemical industry, primarily on the east side of town. These expansions are by no means hurt by declining oil prices but are in fact thriving because of them. Some of the more noteworthy expansions include ExxonMobil’s $6 billion expansion to their petrochemical complex, Chevron Phillips’ $6 billion ethane cracker facil-ity, Celanese’s $800 million methanol production unit, and lyondellbasell’s $500 million ethylene plant expan-sion. Combined, all of the petrochemical expansions are estimated to cost over $35 billion. A study by the Greater Houston Port Bureau estimates that these projects will cre-ate upwards of 265,000 jobs over their lifetime.

Many also overlook the fact that Houston is home to the Texas Medical Center (TMC), which is the world’s largest medical complex and employs over 151,000 people. The healthcare industry makes up 10.1% of the Houston MSA’s workforce and has grown 43% over the last 10 years; com-pare that to the energy industry which comprises 10.6% of the workforce and has grown 46% in the same period. Much like the petrochemical boom occurring on Houston’s east side, institutions within the TMC are undergoing massive expansion projects totaling over $6 billion in capital invest-ments. This unprecedented growth ensures that the med-ical hub will remain one of the major pillars of Houston’s economy for the foreseeable future.

±1 Acre on Montrose Blvd in Houston, TX | 16

Houston Market OverviewAREA HIGHLIGHTS

Page 17: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

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 aprice less that the asking price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay aprice 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 orany 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

INFORMATION ABOUT BROKERAGE SERVICES & DISCLAIMER

DISCLAIMERProspective purchasers are hereby advised the Owners (“Owner”) of the Property are soliciting offers through Apartment Realty Advisors (“ARA”), which may be accepted or rejected by the Owners at the Owners’ sole discretion.

Any solicitation of an offer for the Properties offered hereunder will be governed by this Offering, as it may be modified or supplemented. Prospective purchasers are advised that as part of the offer process, the Owners will be evaluating several factors including the experience and financial qualifications of the purchasing entity.

The Owners shall have no obligation to accept any offer from any prospective purchaser. The Owners reserve the right to withdraw the Properties from consideration at any time prior to final execution of a Purchase Agreement.

This Offering document is furnished to prospective purchasers for the purpose of determining whether to invest in the Properties offered hereby. The information contained herein, or any other related information provided by the Owners, may not be reproduced, redistributed or used in whole or in part without the prior written consent of the Owners.

No person has been authorized to give any information or make any representation or warranty, either expressed or implied and, if given or made, such information or representation must not be relied upon.

While the Owners and ARA have no reason to believe that the information provided herein or in subsequent information updates delivered to potential purchasers hereunder contains any material inaccuracies, neither the Owners nor ARA nor any of the Owners’ or ARA’s respective subsidiaries, affiliates, companies, or the officers, directors, employees, agents and representatives of any such entities, etc., make any representations or warranties, expressed or implied, as to the validity, accuracy or completeness of the information provided or to be provided, and nothing herein shall be deemed to constitute a representation, warranty or promise by any such parties as to the future performance of the Properties or any other matters set forth herein.

Any obligations to prospective purchasers that the Owners may have with respect to the Properties are limited to those expressly set forth in a fully executed Purchase Agreement between the parties. Prospective purchaser’s sole and exclusive rights against the Owners, with respect to this prospective transaction, the Properties, or information provided herein or subsequently, shall be limited to those remedies expressly provided in an executed Purchase Agreement, which shall not survive the closing. Further, in no event shall prospective purchasers have any claims against the Owners, ARA, or any of their respective affiliates for any damages, liability, or causes of action relating to the Purchase Agreement.

Prospective purchasers are not to construe the contents of this Offering or any prior or subsequent information communications from the Owners or any of their respective officers, employees or agents as legal, tax or other advice. Prior to purchasing, prospective purchasers should consult with their own legal counsel and personal and tax advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment.

No commission or finder’s fee shall be payable to any party by the Owners nor any affiliate or agent thereof in connection with the sale of the Properties unless otherwise agreed to by the Owners in writing.

Acquisition of properties such as the these offered hereunder involves a high degree of risk and are suitable only for persons and entities of substantial financial means.

±1 Acre on Montrose Blvd in Houston, TX | 17

Page 18: ±1 Acre on Montrose Blvd - DMREnumbers nightclub l’olivier bistecca ristorante harry’s restaurant dolce vita pizzeria vinoteca poscol niko niko’s brookstreet bbq baba yega cafe

Tim DoschPrincipal

[email protected]

O 713.955.3127

M 713.459.8123

David MarshallPrincipal

[email protected]

O 713.955.3126

M 713.206.1574

Tom DoschPrincipal

[email protected]

O 713.955.3125

M 713.557.4455

Matthew RotanVice Chairman

[email protected]

O 713.425.5406

M 713.882.5141 © ARA Newmark. All Rights Reserved.

FAIRVIEW ST

JACKSON BLVD

GRANT ST

CROCKER ST

WAUGH DR

W GRAY ST

HYDE PARK BLVD

WASHINGTON AVE

MON

TROS

E BLV

D

10

YOGA CENTRAL

BREATHE BIG YOGA

NEXT DOOR GALLERY

±1 Acre

SPOTTS PARKBUFFALO BAYOU PARK

THE HEIGHTS

WASHINGTON CORRIDOR

LIVELY HAIRDRESSING

TEXAS ART SUPPLYANDERSON FAIR RETAIL

THAIRAPY SALON & SPA

CIAO SALONCORAZON FAIR TRADE LA MEXICANA

NIKO NIKO’S

RIVA’S ITALIAN

INVERSION COFFEE & ART

MIDTOWN BAR & GRILLMARRY GO ROUND

PIZARO’S PIZZA NAPOLETANA

ROCKI’S

EL TIEMPO CANTINA

BUNGALOW COFFEE

PINK’S PIZZA

CECIL’S PUB

BARNABY’S CAFE

LES BA’GET VIETNAMESE

RUDYARD’S BRITISH PUB

CAMPESINO COFFEE HOUSE

PRONTO CUCININO

KHUN KAI THAI

BAYOU CITY BAR & GRILL

JR’S BAR & GRILL

LOLA’S DEPOTCROCKER

EL PARAISO TEX CHICK

BARNABY’S

GEORGE YOURCOUNTRY SPORTS BAR

BABA YEGA CAFE

NOURISH JUICE & SMOOTHIE BAR

GLOBAL HEADQUARTERS

SAWYER HEIGHTS

MONTROSE GALLERY

RETAIL

RESTAURANTS & NIGHTLIFE

CULTURE & FITNESS