THE HOUSTON STUDIOS BUILDING 707 WALNUT ST.
THE HOUSTON STUDIOS BUILDING                707 WALNUT ST.

 BUILDING OWNERS:

 

  1. Seek to gauge the depth and type of leasing interest in the building as a renovated historic structure, or
  2. Gauge the depth and type of leasing interest in the property if the building was razed and a new structure was erected in it's place.
  3. Determine the viability of securing enough lease committments (at least 50% of the gross square footage) to make either of the above scenarios bankable.
  4. Will consider bringing in investment capital so that the property can be developed on a spec basis.

DISCLAIMER

This is not an Offer to Purchase or Sell Securities. This overview is for informational

Purposes only and is not an offer to sell or a solicitation of an offer to buy any securities in

Houston Studios of Texas, LLC or anything else and may not be relied upon in connection

with the purchase or sale of any security. Interests, if offered, will only be available to parties who are “accredited investors” (as defined in Rule 501 promulgated pursuant to the Securities Act of 1933, as amended) and who are interested in investing only on their own behalf. Any offering or solicitation will be made only to qualified prospective investors pursuant to a confidential offering memorandum, and subscription documents, all of which should be read in their entirety. An offering may, or may not, be instigated at a later date based upon investor and leasing interest.

 

5.  Due to the uncertainty of future tax valuations and insurance costs, as well as construction costs which will be a function of the use of the building, a rental rate cannot be determined at this time.  However, making certain assumptions about taxes, insurance, common-area maintainance (CAM) and construction costs (which we peg at no more than $5 million) it is perhaps not unreasonable to believe that the total average rental rate would not exceed $1.66 per square foot per month.  But this is entirely speculative and cannot be relied upon until hard numbers

have been received and analyzed.

 

6.  For more information on development in Houston's CBD, click: Downtownhouston.org/resources and then click on the "development" button

FOR LEASE INFORMATION AND

FOR INFORMATION ON RENTING THE SOUNDSTAGE:

Contact: H. Milton Howe

Email:     miltonhowe@yahoo.com

BROKERS PROTECTED

POTENTIAL USES

The 3-story building would make ideal office space for any business that wants large open spaces with a high-tech/industrial look.  Creative enterprises will especially appreciate the ambiance of the building.  Perfectly suited as office space for Architects, Advertising Agencies, High-Technology start-ups, a Downtown Medical Center, or support facilities for the Ballet, Opera or Alley TheaterIt would also work great as a Fashion and Design Center with showrooms, offices and common-use areas for productions and displays. Trendy offices for brokerages or traders.  Employment Agencies...especially agencies dealing with high-tech jobs.  Any of these uses could be complimented by using the basement as a Jazz Club/Bistro at night and sharing the available parking.

 

ALTERNATIVELY, a downtown Entertainment Center could be created using the soundstage as a Performance Venue/Nightclub and the rest of the building for Shops, Bistros and Bars to support THE MAIN DRAW.

 

 

 

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