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    Main Street Millions

    Houston art rumblings: Another theater jumps into the renovation craze, trying to update its Rice Village digs

    Joel Luks
    May 14, 2013 | 10:47 am

    How do you solve a problem like Main Street's theater? Doing what this coterie of entertainment professionals does best: Charming their way into the wallets of art-loving consumers.

    Leave it to the quick-witted Steve Garfinkel to transcribe the tunes of The Sound of Music into ditty centered on a priceless appeal for funds. A captive audience at Main Street Theater's capital campaign kickoff Monday evening no doubt understood how the antiquated Rice Village building on Times Boulevard hindered the growth of the 38-year-old performing arts company.

    The $3 million initiative, chaired by Justin O'Brien and Dean O'Kelley, aims to pay off any debt associated with the recent $1.3 million purchase of the property, which is owned by two landlords; renovate and expand public sections, including building new restrooms and concession areas; raise the ceiling of the auditorium and remove structural columns that currently divide the space to create a more flexible stage; modernize the green room and dressings rooms; and add a second floor that will hold a new classroom/rehearsal hall adjacent to a stage manager's control booth. The blueprints were drawn by Studio Red Architects.

    A $500,000 gift from the Houston Endowment subsidized the acquisition's down payment. Pledges from The Brown Foundation, The Albert and Ethel Herzstein Charitable Foundation, The Simmons Foundation and others already amount to $1.2 million in contributed cash.

    Improvements completed to date include new front doors, a fresh exterior and a marquee in mint condition. These attributes so far contribute to an updated look and feel. But a walk through the behind-the-scenes corridors tell a much different story. Main Street Theater's intimate home since 1982 — a former laundry and dry cleaners — is in dire need of some love.

    Executive artistic director Rebecca Greene Udden expects construction to commence in 2014.

    The launch marks the second attempt at raising funds for a remodeling endeavor. A campaign in 2008 was abandoned at the suggestion of the board of directors after the country's economy took a dive. This time, the stakeholders say they are committed to seeing it through. Executive artistic director Rebecca Greene Udden expects construction to commence in 2014.

    What the plans will not accomplish is to allow for more audience members.

    "We can't increase our audience until the parking policies of the area are revised," Udden tells CultureMap. "We will offer the same number of productions. We will be able to rent the new rehearsal room in the proposed second floor to other theater groups."

    The campaign comes at an interesting time in the development of Houston's arts sector. After the completion of the $47 million Houston Ballet Center for Dance, it appears as if other art presenters are following suit in an attempt to modernize their own spaces. Alley Theatre recently launched a $73-million campaign, $46.5 million of which is earmarked for a building makeover. Stages Repertory Theatre is on a quest to purchase its theater in River Oaks.

    In addition, the supervision of the Barnevelder Movement/Art Complex was assumed by Dance Source Houston after managing director Louie Saletan relocation to New York left the premises in the hands of Suchu Dance's Jennifer Wood. Catastrophic Theatre seized the opportunity to lease its own performance space when DiverseWorks moved from Downtown to Midtown.

    The second home of Main Street Theater at Chelsea Market in Montrose, however, will stay put until such time that Match (Midtown Arts & Theater Center Houston), formerly known as the IAC, fulfills its promise to establish a 59,000 square-foot complex on the corner of Main and Holman. That $26 million project — scheduled to begin construction in 2014 — is currently $10 million shy of its fundraising goal.

    With all these large-scale, bigger budget projects in the works that could wrestle for the same financial resources, Main Street Theater's $1.8 million balance feels practical and viable.

    Main Street Theater launched a million dollar campaign to renovate its theater in Rice Village.

    Main Street Theater's newly configured building rendering May 2013
    Rendering courtesy of Studio RED Architects
    Main Street Theater launched a million dollar campaign to renovate its theater in Rice Village.
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    housing affordability news

    This is how much Houston home prices have fallen since 2024

    Amber Heckler
    Jan 16, 2026 | 4:30 pm
    16403 Sheffield Run Drive, Houston home for sale
    Estately.com/
    This home at 16403 Sheffield Run Dr. in Houston's Berkshire Oaks neighborhood is on the market for $309,900.

    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with Houston homebuyers experiencing the 11th-steepest "price correction" in the region.

    Houston-area buyers have a better chance of purchasing an affordable home this year after prices cooled 1.5 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Houston ranked No. 11.

    In 2024, the median price for a single-family home in Houston was nearly $340,000, which has since dropped to $335,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the area, especially since Houston was the second-hottest destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth's housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.

    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
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