Nov 10

Exclusive: New Washington Ave. redevelopment to include co-working space

A little over a year ago, two Houston-area developers scooped up an historic property on Washington Avenue with plans to renovate. Though the property’s vacant space hasn’t been leased yet, more details on the developers’ plans for the building were revealed.

The second floor of the historic, 17,000-square-foot property at 1919 Washington Avenue will likely contain co-working space, Jason Baker and Kenneth Katz of Baker Katz shared with the Houston Business Journal. It would be one of the first co-working concepts in the Heights and Washington Avenue corridor. So far, most of Houston’s newest co-working concepts have been concentrated in the city’s downtown core or sprinkled throughout the suburbs.

Baker Katz is in discussions with a co-working user, the firm’s leaders said, but didn’t disclose additional information on the co-working brand.

Baker Katz and Houston’s Braun Enterprises bought the building in September 2016 in a joint venture. One of the building’s two tenants is Julep, a popular cocktail bar and Gulf Coast seafood eatery. There’s currently 12,905 square feet available in the building.

Baker Katz has two other properties in the Heights area: a shopping center at Shepherd Drive and Interstate 610, and a retail center at Yale Street and 19th Street.

Braun Enterprises is underway on a major project for the Heights. In June, the company acquired the historic Heights waterworks property and plans to turn the property into a collection of four freestanding restaurants, a new 5,000-square-foot retail building and a lawn area.

by Cara Smith – Houston Business Journal

Read the Original Article HERE