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MAJOR PRICE REDUCTION Conceptual High-Rise Development 2.8 ACRES AVAILABLE 35,045 SF OUTSIDE THE 500 YEAR FLOODPLAIN BRIAR HOLLOW LN. 55 Briar Hollow Lane OFFERING BROCHURE +/ 2.8 ACRES An Inner Loop Development Opportunity with improvements in Houston, Texas MEMORIAL PARK GREENWAY PLAZA HOUSTON (25,000 EMPLOYEES - 755 BUSINESSES) ARBORETUM & NATURE CENTER BUFFALO BAYOU SITE 2.8 ACRES 122,308 SF MARTIN FEIN INTERESTS 304 UNIT APARTMENT DEVELOPMENT GALLERIA/UPTOWN DISTRICT (82,000 EMPLOYEES - 2,000 BUSINESSES) MARTIN FEIN INTERESTS 304 UNIT APARTMENT DEVELOPMENT SITE 2.8 ACRES 122,308 SF BUFFALO BAYOU 2 GALLERIA/UPTOWN DISTRICT (82,000 EMPLOYEES - 2,000 BUSINESSES) WEST UNIVERSITY GREENWAY PLAZA BELLAIRE (25,000 EMPLOYEES - 755 BUSINESSES) THE GALLERIA HIGHLAND VILLAGE RIVER OAKS DISTRICT UPTOWN PARK MARTIN FEIN INTERESTS 304 UNIT APARTMENT POST OAK PARK D BRIAR HOLLOW LN. DEVELOPMENT SITE R. 2.8 ACRES 122,308 SF BUFFALO BAYOU FORMER / DEMOLISHED GULF COAST VETERINARY HOSPITAL AVAILABLE LOCATION INFORMATION 2.8 Acres | 122,308 SF 55 Briar Hollow Lane Houston, TX 77027 • 35,045 SF outside the 500 year floodplain • Nearly 3 acres of prime development land near 55 Briar Hollow is a 2.8 acre site with 122,308 SF of gross land within the vibrant Houston’s major business districts and most desirable Uptown District/ Galleria area in Houston, Texas. neighborhoods The site benefits from an excellent location less than a half a mile east of the heavily • Surrounded by Houston’s best employment & entertainment traveled Interstate 610 with an average daily traffic count of over 300,000 vehicles. centers with Buffalo Bayou frontage Directly across the highway is the Uptown District/ Galleria , the 4th largest shopping • Houston’s Galleria/Uptown District is the nation’s 14th largest center in the US with 5 million square feet of retail space which draws more than 26 business district with over 26 million SF of office space and 5 million visitors per year. million SF of retail space Situated inside the 610 Loop off Briar Hollow Lane in a quiet cul-de-sac, the subject • 2 miles from Memorial Park, one of the nation’s largest urban parks on 1,466 acres of land featuring running and overlooks Houston’s most scenic views including: the Buffalo Bayou waterway, Houston biking trails, an 18-hole golf course, and many other sports Arboretum & Nature Center and Memorial Park to the north, downtown Houston to the facilities east, The Uptown District/ Galleria skyline to the west, and the newly developed River OaksCOMMUNITY District to the south. AMENITIES • Home values in the area range from $1 to $15 million • Average Household Income is $139,023 The site is in proximity to over 23 million square feet of existing office space. • Seller will consider contributing the land to a joint venture The Uptown District/ Galleria has over 2,000 businesses and 82,000 employees. Other development major employment centers nearby include : Greenway Plaza (2.8 miles), Texas Medical Center (7.5 miles), and Houston’s Central Business District (9 miles). 55 Briar Hollow is an exceptional development opportunity positioned in the Galleria area, one of Houston’s most successful business and retail centers. PRICE $4,000,000.00 TERMS All Cash 3 Conceptual High-Rise Development 2.8 ACRES SITE 122,308 SF BRIAR HOLLOW LN. 4 55 briar hollow lane | houston, texas | 77027 LOCATION MAP N 249 Intercontinental Airport Greenspoint 45 290 59 8 6 8 10 Houston 10 Energy Greenway Houston Corridor Galleria Plaza CBD Westchase Medical Pasadena Port of Center SITE Houston 610 59 Hobby Airport Sugarland Pearland 288 5 55 briar hollow lane | houston, texas | 77027 AERIAL MAPS MEMORIAL CITY ( 8 MILES WEST ) THE POST OAK HOTEL UPTOWN PARK PARK TOWERS PARK TOWERS SOUTH NORTH MARTINBUNKER FEIN INTERESTS HILL RD. 304 UNIT APARTMENT DEVELOPMENT SITE 2.8 ACRES 122,308 SF BUFFALO BAYOU GREENWAY PLAZA ( 25,000 EMPLOYEES - 755 BUSINESSES) HOUSTON CBD RIVER OAKS RIVER OAKS ( 6 MILES EAST ) COUNTRY CLUB SITE 2.8 ACRES 122,308 SF BUFFALO BAYOU 6 55 briar hollow lane | houston, texas | 77027 SURVEY & PROPERTY TAXES 55 Briar Hollow Ln. • 2.8 ACRES • 122,308 GROSS SF LAND • 2,304 SF OFFICE BLDG Appraisal District Harris County 2018 Tax Rate 2.530443% Property ID # 1176810010001 Land (122,308 SF) $1,576,248 Improvements (2,304 SF) $ 101,075 Total 2018 Tax Value $ 1,677,323 7 55 briar hollow lane | houston, texas | 77027 MAJOR EMPLOYERS # of UPTOWN DISTRICT/ GALLERIA Miles Employees Uptown District/Galleria 1.5 82.000 Greenway Plaza 2.8 25,000 Texas Medical Center 7.5 106,000 Central Business District (Downtown) 9 150,000 Westchase District 9.5 71,000 Williams Tower - Williams Company and 1.7 1,941 Hines ( 64-story, 1.4 million SF) GREENWAY PLAZA BBVA Compass Plaza 1.4 672 TEXAS MEDICAL CENTER Four Oaks Place ( BHP and AON) 0.8 2,750 Post Oak Central I, II, III ( Apache Corp., Stewart 1.3 2,273 Title, and GDF Suez Energy NA ) Amegy Bank 0.7 512 Park Towers ( Cameron International and NetIQ ) 0.5 684 Drug Enforcement Administration 2.0 325 United Salt Corp 0.9 300 Texas Dept. of Family Protective Services 1.1 244 CENTRAL BUSINESS DISTRICT Alliant 2.1 420 WESTCHASE DISTRICT Galleria Tower I & II (1.1million SF) 1.6 8 55 briar hollow lane | houston, texas | 77027 AREA ATTRACTIONS Parks and Recreation Miles Houston Arboretum & Nature Center 1.6 Gerald D. Hines Waterwall Park 1.7 Memorial Park 2.8 River Oaks Country Club 2.5 Houston Country Club 3.3 Buffalo Bayou Park 4.8 Eleanor Tinsley Park 6.6 Retail / Entertainment Uptown Park 0.7 The Galleria (5th largest mall in the nation) 1.5 River Oaks District 1.2 Highland Village 1.4 Post Oak Center 1.8 The Centre at Post Oak 1.8 BLVD Place 1.0 Educational Institutions Texas A&M Mays Business School 6.1 Houston Community College West Loop 2.8 St. Thomas University 4.0 University of Houston Downtown 7.2 Rice University 5.3 University of Houston Central 8.3 9 55 Briar Hollow Ln. Sales Center 55 Briar Hollow Ln. 55 Briar Hollow Ln. 55 Briar Hollow Ln. 55 Briar Hollow Ln. 55 Briar Hollow Ln. 10 55 Briar Hollow Ln. 55 briar hollow lane | houston, texas | 77027 AREA DEMOGRAPHICS Radius 1 Mile 3 Mile 5 Mile Population 2024 Projection 15,076 179,162 554,154 2019 Estimate 13,981 167,397 519,085 2010 Census 10,903 138,564 437,195 Growth 2019-2024 7.83% 7.03% 6.76% Growth 2010-2019 28.23% 20.81% 18.73% 2019 Population Hispanic Origin 1,968 41,079 187,855 2019 Population by Race: 13,981 167,397 519,085 White 11,524 82.43% 135,897 81.18% 408,427 78.68% Black 775 5.54% 9,606 5.74% 42,165 8.12% Am. Indian & Alaskan 38 0.27% 1,089 0.65% 6,137 1.18% Asian 1,378 9.86% 17,311 10.34% 50,486 9.73% Hawaiian & Pacific Island 5 0.04% 95 0.06% 447 0.09% Other 261 1.87% 3,400 2.03% 11,421 2.20% Households: 2024 Projection 8,620 92,017 249,296 2019 Estimate 7,984 86,060 233,896 2010 Census 6,183 71,990 200,337 Growth 2019 - 2024 7.97% 6.92% 6.58% Growth 2010 - 2019 29.13% 19.54% 16.75% Owner Occupied 3,507 43.93% 37,550 43.63% 95,563 40.86% Renter Occupied 4,477 56.07% 48,510 56.37% 138,333 59.14% 2019 Households by HH Income 7,986 86,061 233,896 Income Less Than $25,000 1,047 13.11% 10,756 11.93% 41,168 18.25% Income: $25,000 - $50,000 810 10.14% 12,203 14.96% 40,420 17.92% Income: $50,000 - $75,000 1,190 14.90% 12,428 14.42% 31,117 13.79% Income: $75,000 - $100,000 1,037 12.99% 9,894 11.16% 21,766 9.65% Income: $100,000 - $125,000 573 7.18% 7,815 9.50% 18,341 8.13% Income: $125,000 - $150,000 425 5.32% 5,589 6.44% 11,863 5.26% Income: $150,000 - $200,000 854 10.69% 7,641 9.05% 18,082 8.02% Income: $200,000 or more 2,050 25.67% 19,735 22.53% 42,815 18.98% 2019 Avg Household Income $140,806 $131,247 $115,491 2019 Med Household Income $99,750 $94,446 $75,093 Source: CoStar Realty Information, Inc, October 2019 11 Information About Brokerage Services 11-2-2015 Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement.
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