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Realty News Report Award: Best Redevelopment of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015

Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the smart professionals who are making them happen.

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015:

Realty News Report Award for:

The USPS former Post Office on Franklin Street in downtown Houston has been sold to Lovett Commercial. Copyright photo by Ralph Bivins 2016.

The USPS former Post Office on Franklin Street in downtown Houston has been sold to Lovett Commercial. Copyright photo by Ralph Bivins 2016.

Best Redevelopment Deal of the Year – It’s an opportunity that does not come along very often – 16 acres of downtown property. The U.S. Postal Service sold the site, which fronts Buffalo Bayou, to Lovett Commercial, a Houston development firm led by Frank Liu. Lovett will convert at least a portion of the 517,000 square feet of existing postal building, 401 Franklin, into office space. The project, which will include residential and retail, is key for transforming the bayou frontage into a higher use. Located close to the Amtrak train station, the Post Office site could be incorporated into a plan to bring high-speed rail from Dallas to downtown Houston.

 

ANNOUNCEMENTS OF THE 2015 REALTY NEWS REPORT AWARDS

Visionary of the Year – UT System Chancellor William McRaven

Best Construction Project of the Year – Daikin Industries

Best Retail Deal of the Year – San Jacinto Mail

Best Redevelopment Deal of the Year – Downtown Post Office

Best Substitution of the Year – Saturday

Best Hotel Project of the Year – Sunday

Best Industrial Project of the Year – Monday

Jan. 8, 2015 

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