If you’re from Houston, you definitely drove past this iconic sign of Houston for the last 40 years. Me and my grandpa used to go there to pick up his shirts when I was just five years old. Now being prime real estate, it’s being torn down and Rice University ion will take its place.
The renovated building will be rechristened as The Ion, a 270,000-square foot structure designed to bring the area’s entrepreneurial, corporate and academic communities together into collaborative spaces and programs. The former Sears Building will support businesses at all stages of the innovation lifecycle and provide resources for Houstonians seeking to participate in the innovation economy. Academic and corporate partners will be integrated into a robust environment of educational events, demonstrations, hack-a-thons and programming. A mix of restaurant and entertainment amenities will make the building a continuous hive of collaboration and activity.
I know for a fact that area is going up from $50 a foot all the way to nearly $150 a foot just for the land. Times are definitely changing, and it’s a new generation. It’s a bit unsettling and sad sometimes. But that’s life, things change. Some will see it as bad and some will see it as good.
And as usual I’m using Google dictate to blog so excuse any punctuation or grammatical errors for those that want to be a pain in my @$$.
Alan J. over and out your neighborhood blogger and real estate broker