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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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    in demand

    Houston leads the U.S. with the biggest surge in millionaire renters

    Amber Heckler
    Oct 16, 2026 | 2:30 pm
    Houston skyline downtown at night
    IdeasLaboratory.com
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    The number of millionaire renters and homeowners in the U.S. has surged over the last five years, and Houston has soared ahead of the rest of the country with the largest growth rate among these affluent renter households.

    Houston leads the nation with the No. 1 increase in millionaire renters from 2020 to 2024, a new RentCafe study found. The number of these wealthy households increased from 18 to 232 over the last five years, representing an impressive 1,189 percent growth rate.

    "The pandemic accelerated the shift as remote work pushed the wealthy to relocate to lower-tax metros like Houston, where millionaire renters grew 13-fold, versus 3.9-fold for owners," the report said. "Granted, 232 households is still a tiny fraction of the Houston metro’s roughly 2.7 million households, but the growth rate far outpaces any other major metro."

    Nationwide, the number of millionaire renter households grew 229 percent from 2020 to 2024, far outpacing the 193 percent growth rate among millionaire homeowners.

    Dallas was the only other Texas metro to crack the top 10. The number of millionaire renter households in North Texas has more than quintupled, from just 30 in 2020 to 165 in 2024. That represents a renter growth rate of 450 percent, which — surprisingly — is only the 8th highest nationwide.

    But when it comes to the largest populations of millionaire renters, New York City and San Francisco still lead the way. New York claimed the No. 1 spot with nearly 7,300 millionaire renters living in the city in 2024. Houston ranked 12th on that list.

    Elsewhere in Texas, Austin and Dallas ranked as the 16th and 17th, respectively, for the largest population of millionaire renters. There were 206 millionaire renters living in Austin in 2024, and 165 in Dallas.

    This is who the typical millionaire renter is
    The report also revealed a surprising statistic about the typical millionaire renter in the U.S. — a lot of them are millennials working in "white-collar, high-earning fields."

    "Nearly half (49 percent) of millionaire renters are Millennials, and the number of affluent Millennial renter households surged 392 percent during the five-year period," the report said. "Gen X follows with 33 percent of millionaire Gen X households renting after increasing by 147 percent."

    The report continued, "Although Gen Z still represents a small share of millionaire renters (just 2 percent of the total), no generation has expanded faster: Gen Z millionaire renter households leaped from fewer than a dozen to more than 400 — a tiny cohort today, but one that was virtually nonexistent five years ago."

    The top three most common professions for millionaire renters are chief executives, software developers, and managers, the report additionally found. In Houston, the surge of wealthy newcomers are mostly executives, professional athletes, and entertainers.

    "These roles tend to generate steady, substantial income without necessarily tying workers to one location, making renting a practical fit, rather than a financial necessity," the report said.

    Hotspots for millionaire homeowners
    In RentCafe's separate list comparing the top 10 most popular U.S. metros for millionaire homeowners, Houston ranked 12th nationally with 4,374 millioniare homeowners living in the metro as of 2024. These wealthy Houstonians are most likely working as chief executives, physicians, managers, and lawyers and judges.

    Houston has already proven to be a hotspot for millennial homebuyers, and the latest RentCafe data says millennials make up 19 percent of all millionaire homeowners in the U.S. Gen Xers and Baby Boomers still maintain the largest shares of millionaire homeowners nationwide, at 45 and 33 percent, respectively.

    Dallas (No. 10) and Austin (No. 20) also appeared among the hottest metros for millionaire homeowners.

    Only one Texas city appeared among RentCafe's list of the 20 fastest-growing metros for millionaire homeowners: College Station ranked 13th nationwide with a growth rate of 1,329 percent. From 2020-2024, the number of millionaire homeowners residing in College Station grew from 14 to 200.

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