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Goodbye graffiti artists! Sampson Lofts draw new life on Houston warehouseGoodbye graffiti artists! Sampson Lofts draw new life on Houston warehousehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=116432016-01-07T06:00:00Z2016-01-07T19:00:00Z

​​HOUSTON - The former Waddell's Housefurnishing Co. warehouse in East Downtown that has recently attracted a number of graffiti artists will be converted into residential units called Sampson Lofts next month.

Located on the 800 block of Sampson St., the 103-year-old property consists of two separate buildings, totaling about 120,000 sf. Once converted, the property is slated to accommodate 94 rental units, averaging 700 sf at about $1,050 per month.

The loading dock between the two buildings will be converted in a communal area, including a fire pit, sitting areas and bocce ball court.

The $15 million redevelopment is being designed by architect Tim Cisneros from Cisneros Design Studio Architects LLC. The property is owned by Houston-based Caspian Enterprises' Mir Azizi, who purchased the building from the Waddell family in 1998, according to the Chronicle.

The project is slated to take two years to complete.

The Sampson Lofts will join a number of other historic buildings in and around Houston's downtown area that are being repurposed.

Last August, the former Humble Oil Building complex, which was placed on the national register of historic places in 1999, reopened as a SpringHill Suites by Marriott.

That same month, the Great Southwest Building, formerly known as the Petroleum Building, was announced to be converted into a luxury apartment tower.

In December, plans were announced that the Melrose building downtown was slated to be transformed into a Le Meridian Hotel. The long-vacant building at 1121 Walker St. will be renovated to include 225 guest rooms, 8,000 sf of meeting space, a rooftop pool and patio, and a restaurant and bar on the ground floor.

Axelrad Beer Garden also opened in December in a century-old building at 1517 Alabama St. in Midtown.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Multifamily
http://www.bizjournals.com/houston/morning_call/2016/01/vacant-eado-building-to-be-converted-into.html

Click here to see Houston's Multifamily Market Research. Also, check out more from the Houston Business Journal.

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