HOUSTON – (By Michelle Leigh Smith for Realty News Report) – Significant growth and development is blossoming in the Montrose area, an established and colorful district near the southwestern edge of downtown.
“This is our little jewel,” said Mark Davis, president of Davis Commercial, which specializes in real estate brokerage for Inner Loop properties. “Houston to a large degree is homogenous, but Montrose has the flavor and the funk.
Davis delivered his remarks to the Houston City Breakfast Club. It’s Houston’s second oldest professional women’s breakfast club and it has been meeting for 41 years.
Davis shared his mixed emotions about the demolition of the 44,000 SF shopping center anchored by Spec’s and Half-Price Books at the corner of Westheimer and Montrose Boulevard. Skanska, a Stockholm-based company, purchased the property – which Davis calls the Main at Main of Montrose – for a record-setting $230 a square foot for the dirt...