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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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    red-hot housing

    Houston boasts No. 20 hottest real estate market among big U.S. cities

    Amber Heckler
    Aug 20, 2026 | 9:00 am
    Houston neighborhood with skyline
    Getty Images
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    It doesn't get much hotter than the Houston housing market. A new report has ranked H-Town as the 20th best real estate market among America's biggest cities right now.

    WalletHub's annual study, "Best Real Estate Markets (2026)," compares the real estate markets in 300 U.S. cities based on 17 relevant metrics, such as "housing market attractiveness," home value forecasts, housing affordability, population growth, and many others. Cities were also ranked by size: large cities with over 300,000 residents; midsize cities with 150,000-300,000 residents; and small cities with fewer than 150,000 residents.

    In the overall ranking of the best housing markets in America, regardless of city size, Houston ranks 90th out of all 300 cities.

    WalletHub ranks Houston's real estate market No. 102 nationally, and its "affordability and economic environment" ranks 111th overall.

    This is how WalletHub ranks the "health" of Houston's housing market (where No. 1 is the best and No. 150 is average):

    • No. 51 – Job Growth Rate
    • No. 96 – Home Price as a Percentage of Income
    • No. 99 – Median Home-Price Appreciation
    • No. 128 – Foreclosure Rate
    • No. 159 – Share of Seriously Underwater Mortgages
    • No. 172 – Percentage of Delinquent Mortgage Holders
    • No. 173 – Median Days on the Market
    • No. 192 – Maintenance Costs as a Percentage of Income
    Despite Houston's good standing among the biggest cities in America, a separate WalletHub report claims Houston is one of the worst cities for first-time homebuyers. Instead, Houstonians are turning to popular ZIP codes in suburbs like Cypress and Katy, which rank among the hottest places to move to in the U.S.

    Other high-performing housing markets in Texas
    Two popular North Texas suburbs — Frisco and McKinney — topped WalletHub's overall list of the best real estate markets in the U.S. for 2026 at Nos. 1 and 2, respectively, and they locked in the top two spots in the midsize city ranking, too.

    Frisco tops the nationwide "affordability and economic environment" category, and ranks No. 2 nationally for its real estate market.

    "When you look at home prices as a percentage of income, [Frisco] is the 95th-cheapest among the 300 cities in our study," the report said. "But it’s the 11th-cheapest city for phone service and the 11th-cheapest for maintenance and energy."

    Frisco boasts the highest share of houses that were built between 2010 and 2024, at nearly 47 percent, which WalletHub says is "good news for people who want all the benefits of a recently-constructed home," without having to "put in a lot of work" to renovate an older or run down home.

    "If you aim to make a profit in the long run with your housing purchase, you’ll need to look beyond tangible factors like square footage and style," the report's author wrote. "Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents."

    Nearby Denton and Allen also made the overall top 10, respectively ranking as the 5th and 8th best real estate markets in the U.S. for 2026. Denton similarly ranked 5th in the midsize city rankings, and Allen topped the list of small cities.

    The top 10 best real estate markets in America for 2026 are:

    • No. 1 – Frisco, Texas
    • No. 2 – McKinney, Texas
    • No. 3 – Murfreesboro, Tennessee
    • No. 4 – Durham, North Carolina
    • No. 5 – Denton, Texas
    • No. 6 – Cary, North Carolina
    • No. 7 – Madison, Wisconsin
    • No. 8 – Allen, Texas
    • No. 9 – Charlotte, North Carolina
    • No. 10 – Irvine, California
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