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55 & 57 Briar Hollow Lane

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55 & 57 Briar Hollow Lane SITE 4.0185 ACRES 175,050 SF BRIAR HOLLOW LN. 55 & 57 Briar Hollow Lane OFFERING BROCHURE +/- 4.0185 ACRES An Inner Loop Development Opportunity with improvements in Houston, Texas * Rendering only of a potential redevelopment of the property 2 * Rendering only of a potential redevelopment of the property MEMORIAL PARK HOUSTON ARBORETUM & NATURE CENTER BUFFALO BAYOU SITE 4.0185 ACRES 175,050 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 4.0185 ACRES 175,050 SF BUFFALO BAYOU 3 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. 4.0185 ACRES 175,050 SF BUFFALO BAYOU FORMER / DEMOLISHED GULF COAST VETERINARY HOSPITAL AVAILABLE LOCATION INFORMATION 4.0185 Acres | 175,050 SF • Over 4 acres of prime development land near 55 & 57 Briar Hollow Lane Houston, TX 77027 Houston’s major business districts and most desirable neighborhoods 55 & 57 Briar Hollow is a 4.0185 acre site with 175,050 SF of gross land within the • Surrounded by Houston’s best employment & entertainment vibrant Uptown District/ Galleria area in Houston, Texas. centers with Buffalo Bayou frontage The site benefits from an excellent location less than a half a mile east of the heavily • Houston’s Galleria/Uptown District is the nation’s 14th largest traveled Interstate 610 with an average daily traffic count of over 300,000 vehicles. business district with over 26 million SF of office space and 5 Directly across the highway is the Uptown District/ Galleria , the 4th largest shopping million SF of retail space center in the US with 5 million square feet of retail space which draws more than 26 • 2 miles from Memorial Park, one of the nation’s largest million visitors per year. urban parks on 1,466 acres of land featuring running and biking trails, an 18-hole golf course, and many other sports Situated inside the 610 Loop off Briar Hollow Lane in a quiet cul-de-sac, the subject facilities overlooks Houston’s most scenic views including: the Buffalo Bayou waterway, Houston • Home values in the area range from $1 to $15 million Arboretum & Nature Center and Memorial Park to the north, downtown Houston to the east, The Uptown District/ Galleria skyline to the west, and the newly developed River • Average Household Income is $139,023 OaksCOMMUNITY District to the south. AMENITIES The site is in proximity to over 23 million square feet of existing office space. The Uptown District/ Galleria has over 2,000 businesses and 82,000 employees. Other 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 & 57 Briar Hollow is an exceptional development opportunity positioned in the Galleria area, one of Houston’s most successful business and retail centers. PRICE To Be Determined By The Market TERMS All Cash 4 55 & 57 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 & 57 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 4.0185 ACRES 175,050 SF BUFFALO BAYOU GREENWAY PLAZA ( 25,000 EMPLOYEES - 755 BUSINESSES) HOUSTON CBD RIVER OAKS RIVER OAKS ( 6 MILES EAST ) COUNTRY CLUB SITE 4.0185 ACRES 175,050 SF BUFFALO BAYOU 6 55 & 57 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 & 57 briar hollow lane | houston, texas | 77027 SURVEY & PROPERTY TAXES 57 Briar Hollow Ln. • 1.21 ACRES • 52,742 GROSS SF LAND • 14,016 SF IMPROVEMENTS Appraisal District Harris County 2018 Tax Rate 2.530443% Property ID # 0770250000013 Land (15,608 SF) $ 375,120 Improvements (3,458 SF) $ 428,476 Total 2018 Tax Value $ 803,596 Property ID # 0770250000014 Land (3,834 SF) $ 254,654 Improvements (3,601 SF) $ 412,837 Total 2018 Tax Value $ 667,491 Property ID # 0770250000015 Land (10,170 SF) $ 330,510 Improvements (3,513 SF) $ 414,446 Total 2018 Tax Value $ 744,956 Property ID # 0770250000017 Land (6,114 SF) $ 333,420 Improvements (3,444 SF) $ 366,580 Total 2018 Tax Value $ 700,000 Property ID # 0770250000032 Land (13,100 SF) $ 459,300 Improvements (0 SF) $0 Total 2018 Tax Value $ 459,300 Property ID # 0770250000002 Land (3,916 SF) $ 196 Improvements (0 SF) $0 Total 2018 Tax Value $ 196 Total Combined 2018 Tax Value $3,375,539 8 55 & 57 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 9 55 & 57 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 10 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. 11 55 Briar Hollow Ln. 57 Briar Hollow Ln. 57 Briar Hollow Ln. Home 2 Home 1 Open Lot 57 Briar Hollow Ln. 57 Briar Hollow Ln. Home 3 Home 2 57 Briar Hollow Ln. 57 Briar Hollow Ln. 12 Home 4 Home 5 55 & 57 briar hollow lane | houston, texas | 77027 AREA DEMOGRAPHICS Radius 1 Mile 3 Mile 5 Mile Population 2023 Projection 13,553 169,822 537,156 2018 Estimate 12,441 156,975 497,133 2010 Census 10,356 137,424 438,128 Growth 2018-2023 8.94% 8.18% 8.05% Growth 2010-2018 20.13% 14.23% 13.47% 2018 Population Hispanic Origin 1,663 36,451 173,634 2018 Population by Race: 12,441 156,975 497,133 White 10,330 83.03% 128,685 81.98% 394,411 79.34% Black 638 5.13% 8,377 5.34% 39,164 7.88% Am. Indian & Alaskan 34 0.27% 917 0.58% 5,924 1.19% Asian 1,216 9.77% 15,842 10.09% 46,605 9.37% Hawaiian & Pacific Island 4 0.03% 89 0.06% 439 0.09% Other 220 1.77% 3,065 1.95% 10,590 2.13% Households: 2023 Projection 7,745 87,608 243,569 2018 Estimate 7,108 81,070 225,571 2010 Census 5,915 71,735 200,736 Growth 2018 - 2023 8.96% 8.06% 7.98% Growth 2010 - 2018 20.17% 13.01% 12.37% Owner Occupied 3,089 43.46% 35,473 43.76% 92,714 41.10% Renter Occupied 4,019 56.54% 45,597 56.24% 132,857 58.90% 2018 Households by HH Income 7,109 81,070 225,572 Income Less Than $25,000 838 11.79% 9,674 11.93% 41,168 18.25% Income: $25,000 - $50,000 715 10.06% 12,131 14.96% 40,420 17.92% Income: $50,000 - $75,000 1,155 16.25% 11,691 14.42% 31,117 13.79% Income: $75,000 - $100,000 855 12.03% 9,049 11.16% 21,766 9.65% Income: $100,000 - $125,000 744 10.47% 7,700 9.50% 18,341 8.13% Income: $125,000 - $150,000 267 3.76% 5,220 6.44% 11,863 5.26% Income: $150,000 - $200,000 706 9.93% 7,338 9.05% 18,082 8.02% Income: $200,000 or more 1,829 25.73% 18,267 22.53% 42,815 18.98% 2018 Avg Household Income $140,806 $131,247 $115,491 2018 Med Household Income $99,750 $94,446 $75,093 Source: CoStar Realty Information, Inc, November 2018 13 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.
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