BREAKING NEWS

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

Offices For Energy Transition

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Developer Purchases Historic Farmer Bros. Coffee Plant in the East End

by Realty News ReportFebruary 10, 2020July 5, 2020
Share1
The historic Farmer Bros. coffee building on Navigation Blvd. in Houston. Photo credit: Ralph Bivins of Realty News Report

HOUSTON – (Realty News Report) – Developer Frank Liu of Lovett Homes and Lovett Commercial just made a $10 million play on the east side, purchasing the Farmer Bros. coffee facility on Navigation Boulevard at Norwood Street.

Liu has not announced plans for the Farmer Bros. property, although he believes the brown brick, 85-year-old building is an important icon in the East End.

For decades, Liu has been a pioneer in Houston’s Inner Loop real estate markets, showing an uncanny ability to be first to locate neighborhoods that are prime for a turnaround. In the way stock market investors consider the moves of Warren Buffett, Houston real estate investors observe the Frank Liu’s moves.

Located south of Buffalo Bayou, the Farmer Bros. site is very close to the Turkey Bend extension of the bayou. The non-profit Bayou Bend Partnership has envisioned a redevelopment of the existing wood-plank Wharf at Turkey Bend, which could be re-purposed as public boardwalk with food service and kayak launches.  The Wharf is within walking distance of the Farmer Bros. property.

Liu has leased-back the coffee plant property to Farmer Bros. for three years for a base rent of $50,000 a month, according to a filing by the coffee company.

For redevelopment, the mid-rise Farmers Bros. could be redeveloped as residential units with ground-floor retail – perhaps with the inclusion of a co-working office or creative space.

The six-acre Farmers Bros. property includes about 300,000 SF under roof. Coffee companies have been on the site since 1935. But the days of coffee beans and caffeine will be over soon.

Feb. 10, 2020 Realty News Report Copyright 2020
Share1
previous post
B&Z Breaks Ground on Austin Office Building
next post
MXU in Montrose: Large Project, with Public Library, to Rise at Prime Westheimer Intersection, as the Memory of Felix Tijerina Grows Dimmer

Related posts

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Major Warehouse Lease Signed

Realty News ReportMarch 22, 2023

Unilev Taps Stream Realty

Realty News ReportMarch 21, 2023

1 comment

Maria Porter February 10, 2020 at 3:24 pm

It should be made as a homeless shelter for people to get back on there feet and doctors and pediatric doctors and dental doctors.

Reply

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact