5000 Montrose Post 510

122 Units

305 Units 122 Units 187 Units

Art Center

LAND FOR SALE OR GROUND LEASE +0.23 AC 4900 MAIN STREET | , TX 77020

Simmi Jaggi Elizabeth Clampitt Isaiah Wilson Executive Vice President Senior Vice President Analyst FOR MORE INFORMATION, CONTACT: Jones Lang LaSalle Brokerage, Inc. +1 713 888 4098 +1 713 888 4075 +1 713 425 1829 Simmisimmi.jaggiJaggi @am.jll.comElizabeth [email protected] Blon [email protected] ManagingDirector Senior Vice President Associate +1 713 888 4098 +1 713 888 4075 +1 713 425 1861 [email protected] [email protected] [email protected] DEMOGRAPHICS & STATISTICS

DEMOGRAPHICS 1 MILE 3MILE 5MILE

Population 27,961 199,054 475,328

LOCATION MAP Households 14,915 99,796 212,819 .

Average Household Size 1.69 1.82 2.09

WEST UNIVERSITY

Median Age 36.2 34.9 35.2

TEXAS MEDICAL CENTER Average Household $110,078 $124,238 $117,649 Income

TRAFFIC COUNTS VEHICLES PER DAY PRICING BRAESWOOD PLACE DRIVE TIMES US 59, north of Main St 80,448 $200.00 PSF Med Center : 5 Minutes Main St, south of US 59 11,880 NRG Complex: 10 Minutes

Willowbend:15 Minutes ➢ West University Place is a suburb of Houston with a population of roughly 15,603.

➢ According to Houston’s Best Public School Guide, West University Elementary is ranked amongst the top schools in the United States.

➢ West University offers an easy commute to Houston’s major job hubs including: Downtown Houston, The Medical Center, The Galleria, Greenway Plaza, and all major highways AROUND THE AREA

Museum District

TEXAS MEDICAL CENTER Museum District The Largest Medical Center In The World Just southwest of downtown, in the pedestrian-friendly RICE UNIVERSITY The Texas Medical Center (TMC) is a 1,345-acre medical Museum District, more than 8.7 million visitors explore the 19 district and neighborhood in south-central Houston, cultural institutions that make up the tree-lined, culture-filled HOME PRICES Texas, immediately south of the Museum District and neighborhood each year. The district is the proud home of the nation’s sixth largest art museum, offering guests 300,000- west of . Over sixty medical $324,900 to $1,200,000 square-feet of space dedicated to paintings, sculptures, institutions, largely concentrated in a triangular area costumes, photography and textiles dating back to the between , Rice University, and Hermann Median Price: $481,000 antiquities. Park, are members of the Texas Medical Center Corporation—a non-profit umbrella organization— Texas Medical Center is a balanced market in April Hermann Park, located minutes from downtown Houston, is a which constitutes the largest medical complex in the cultural and recreational hub surrounded by the Texas Medical 2021, which means that the supply and demand of world. The TMC has an extremely high density of clinical Center, Rice University, the Museum District, and various homes are about the same. residential neighborhoods. facilities for patient care, basic science, and translational research.

Rice University The Texas Medical Center employs over 106,000 people, hosts 10 million patient encounters annually, and has a Boasting a 300-acre tree-lined campus in Houston, Rice University is THE ION ranked among the nation’s top 20 universities by U.S. News & World gross domestic product of US$25 billion. Over the Report. Rice has a 6-to-1 undergraduate student-to-faculty ratio, and decades, the TMC has expanded south of Brays Bayou a residential college system, which supports students intellectually, towards NRG Park, and the organization has developed emotionally and culturally through social events, intramural sports, ambitious plans for a new "innovation campus" south student plays, lectures series, courses and student government. of the river. The 4.93-square-mile Medical Center / Astrodome area, highly populated with medical THE ION workers, is home to over 20,000 people. This 6 level 266,000-square foot structure is designed to bring Houston’s entrepreneurial, corporate, and academic communities The TMC is served by the METRO Rail Red Line, a north- together into collaborative spaces and programs. Scheduled to south light rail route which connects the district to open in this summer/Fall, The Ion will anchor the future ±16 acre “Tech District.” Centrally located in the heart of Houston, phase one Downtown Houston and NRG Park. of the innovative district is scheduled to open in 2023. Houston’s Cost Advantages Houston: A High End Shopping Destination

Houston has a superior reputation worldwide for being a Houston is home to a number of thriving business-friendly destination for corporations and their high end luxury retail centers all of which employees. The lack of state and city taxes on personal contribute to its’ well-deserved reputation as and corporate income and some of the lowest housing a top tier shopping destination. Luxury retail and living costs within the top 20 major U.S. metro areas is thriving and is expected to continue with a are among the many motivations for businesses to reside number of labels having recently made their in Houston. Additionally, the city’s central location and Texas debuts in Houston over the past few excellent transportation infrastructure further enhance years. The strength of the energy industry Houston’s appeal to local, national and international in Houston coupled with the remarkable companies with an interest in logistical efficiency. population growth should attract additional luxury retailers. While many big-box chains Local office rents also remain among the most competitive are downsizing nationally, the number of of major U.S. cities. Houston is the nation’s sixth-largest luxury retailers here have been increasing. The office market, and more than one-half of the world’s geographic heart of Houston luxury retail is largest non-U.S. based corporations have major non-retail Uptown District and the western portion of the operations here. Houston also has a strong international Inner Loop area, which includes the Highland presence as over 3,500 firms and organizations report Village Shopping Center, the Galleria, Uptown business dealings in over 200 countries worldwide. Park, BLVD Place, River Oaks Shopping Center, Houston ranks second in the nation in terms of available Upper Kirby District, Rice Village and West Ave. convention/special event space, with more than 2.5 million square feet of convention facilities. HOUSTON OVERVIEW

The Houston Metropolitan Statistical Area (MSA) encompasses 10 Houston offers its residents and businesses high quality-of-life counties and 9,444 square miles, boasting an economy that produces attributes including a low cost structure, no state income tax, Houston’s Young,Well-Educated, more goods and services than all but 21 nations worldwide. Houston is abundant tax incentives, ample cultural and recreational resources, Texas Medical Center Houston: An International and Expanding Population Cosmopolitan City the fourth most populous city in the nation, trailing only New York, Los quality public education, good weather and easy access to public Angeles and Chicago, and is the largest in the southern U.S. and Texas. services. Additionally, according to a recent Occupational and In addition to its exceptional population The healthcare industry continues to be Houston is an international, entrepreneurial, Houston is also the fastest growing metro area in the nation (adding Employment survey, Houston workers are paid more than the growth, the Houston metro area also boasts another significant economic driver in diverse, cosmopolitan city in which 92 more than 1.2 million residents from 2000 through 2010) with the nation’s national and the state averages. a young and well-educated population. Houston, adding 9,600 local jobs on average countries have consular offices (the third second youngest median age among large metropolitan According to the Census Bureau’s American within the past 5 years, representing a growth highest in the nation), and more than 90 areas in the United States. Historically the heart of the global energy Statistics released by the U.S. Bureau of Labor Statistics (BLS) show that Community Survey, Houston has the rate of 6.5%. The epicenter of Houston’s languages are spoken throughout the Houston business, Houston’s title of “Energy Capital of the World” has been the average wage paid to Houston workers is 5% higher than the national second-youngest median age among large healthcare presence is the internationally area. Houston has a Theater District second firmly secured by the continued growth and expansion throughout average and 10.2% higher than the Texas average. metropolitan areas in the United States. recognized Texas Medical Center (TMC).TMC only to New York City with its concentration this critical industry. Houston is the fourth-largest city in the United is the largest medical center in the world and of seats in one geographic area. Located Highly regarded as a business-friendly destination for Corporate America, States with a population of 2.3 million people, has more than 7.1 million patients annually, of downtown, the 17-block Theater District is Houston is home to the Texas Medical Center (located 5 miles southeast the city of Houston ranks second nationwide (trailing only New York while the Houston MSA is now the fifth-most which approximately 16,000 are international home to eight performing arts organizations of the Site) that has an annual economic impact of $20 billion and City) with 26 Fortune 500 companies headquartered here. As a result, populous metro area with 6.4 million residents. patients. TMC is situated on 1,300 acres just with more than 12,000 seats. In addition, employs approximately 106,000 employees. Texas Medical Center also is Houston has received numerous national accolades including recent During the last decade, Houston was the outside downtown Houston and is comprised Houston has a unique Museum District an academic center of the Southwest with more than 360,000 students recognition by Site Selection Magazine as the number one metro area in fastest growing metro area in the United of 280 buildings—including 21 academic offering a range of museums, galleries, art enrolled in local universities, colleges and institutions. Additionally, the nation for corporate location, relocation and expansion. This is the States, adding more than 1.2 million residents. institutions and 14 hospitals—totaling 45.5 and cultural institutions. Houston has more Houston is home to 413 chemical plants employing over 33,100 people, third time in four years the Houston metro area has taken the top spot, According to a study by the Kinder Institute for million gross square feet of patient care, than 500 cultural, visual and performing arts more than 300 electronics manufacturing plants employing over 27,500, logging 325 new and expanded facilities to garner the honor. This ranked Urban Research, this growth represents more education and research space. Together organizations, 90 of which are devoted to more than 250 software development companies employing 50,000+ and Houston ahead of second-place Chicago, which had 311 projects, and people in the past decade than the population TMC’s 51 member institutions employ more multicultural and minority arts and is one of 67,000+ engineers and architects employed at more than 1,900 firms. third place /Fort Worth with 224 projects. The combination of these growth in the New York and Chicago than 92,500 people, making it Houston’s five U.S. cities that offer year-round resident Houston is also home to the 1,650-acre NASA Johnson Space Center attributes makes metropolitan areas combined. Houston has second-largest employer outside of the CBD. companies in all major performing arts. (25 miles southeast of Highland Village) that has an annual economic Houston a highly Houston has received numerous national capitalized on its proximity to Latin America, Texas Medical Center has a regional annual impact of $4.5 billion and employs approximately 14,000 engineers, desirable location for accolades including recent recognition by Site Selection Magazine as the number one metro its emergence as a major destination for economic impact of $14 billion. $7.1 billion scientists and administrative personnel. Additionally, Houston is the businesses. area in the nation for corporate location, immigrants from around the world, the area’s was approved for building and infrastructure birthplace of nanotechnology and the Texas leader in plastic and resins relocation and expansion pro-business policies and low cost of living. improvements that were initiated in 2008. with 47 plants located within the MSA and more than 235 manufacturing establishments for plastic and rubber products.

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