As swanky lofts replace abandoned buildings, downtown Houston is becoming a more attractive place to live and work. The appearance of high end urban residential housing here signals a growing trend in cities across the country that is transforming inner city corridors into vibrant urban communities. Loft conversions in these older, often vacant office/commercial buildings are adding a new and welcome residential element to downtown along with a thriving nightlife, restaurant and club scene. Two sports stadiums, Minute Maid Park and the Toyota Center, give the downtown area additional interest.
Approximately 2,000 downtown residences exist in such locales as Beacons field, Hermann Lofts, White Oak Lofts, Dakota Lofts, Four Seasons Place, Hogg Palace, Houston House and 2016 Main. As one of only four cities in the country with resident companies in all four performing arts - ballet, opera, theater and symphony- residents of these growing neighborhoods have easy access to some of the nation's premier performances.
The downtown area extends into a transitional warehouse and light industrial area to the southeast. Today this area includes a state of art performing arts facility, major government buildings, banking and energy interests and Houston's first Chinatown. Residential high-rise and loft developers are jumping on the bandwagon but at present there are more rental units than units for sale. For sale or lease, lofts, high-rise efficiencies and condo units, penthouses, historic condo units built originally as luxury apartments, all make up the residential mix here. No area represents the potential and excitement of Houston than downtown.
In June 2007, the average home sales price for a single family home or condo in Houston, TX was $221,996. While this data is collected from the MLS and deemed reliable, it is not guaranteed.
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