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    On the Market

    A dramatic killer loft with a $2.4 million price tag is all about the art — and the views

    Shelby Hodge
    shelby hodge
    Jul 1, 2013 | 10:40 am

    Editor's Note: Houston is loaded with must-have houses for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap Editor-at-Large Shelby Hodge snoops through some of our faves and gives you the lowdown on what's hot on the market.

    1025 South Shepherd, #401

    Oh, give me a home where the artwork can roam . . . You won't need a world class art collection to make this grand 7,000-square-foot loft residence sing, but the current owner has such a magnificent array of modern art that I don't see how any potential buyer wouldn't want to include at least some of the paintings and sculptures as part of the deal.

    But that's another story.

    Suffice it to say that this open plan dwelling with 20-foot ceilings is spectacular and dramatic. The sophisticated penthouse on the fourth floor of The Gotham condominiums enjoys spectacular views east toward downtown, north to Allen Parkway and Buffalo Bayou and south to the verdant canopy of River Oaks.

    Walk through: You step into a curving hall through a decorative iron gate that leads to the front door, a feature that offers both drama and security. Through the front door, the contemporary kitchen is to the left and before you is the vast expanse of living space with beautiful maple plank flooring, floor-to-ceiling windows with the all-important power shades and double doors leading to the Shepherd Drive balcony.

    The current arrangement has dining furniture to the left and living room furnishings to the right.

    There are no doors nor floor-to-ceiling walls completely separating the master from the living area or the master bath from the sleeping area. However, the sleek beauty of the space cannot be denied.

    Continuing to the right, you travel down the 36-foot long space (16 feet wide) that serves as a den, featuring custom birdseye maple built-in cabinets and shelving. The exterior wall is floor-to-ceiling windows.

    At the end of the stretch (the entire side of the building), the space opens to the master bedroom, an openness that could be disconcerting to those with a need for ultimate privacy. There are no doors nor floor-to-ceiling walls completely separating the master from the living area or the master bath from the sleeping area. However, the sleek beauty of the space cannot be denied.

    The master faces east and offers a grand view of downtown Houston via floor-to-ceiling windows and a balcony. Happily, automatic black-out shades provide sleep-in darkness for those averse to sunrises in the face.

    The master bath features granite countertops and contemporary fountain, birdseye maple cabinetry and an ample walk-in closet with his and her sides.

    On the second floor you'll find a massage room, game room and a 70-foot long gallery that connects to a second bedroom and to the media room/study that overlooks the main living area. An additional room, that could be used as guest accommodation connects to the study.

    In all, the residence is comprised of two bedrooms (with space for a third), two full baths and three half baths.

    Love: The grand views, the open plan and the beautiful light maple floors and cabinetry that infuse an airiness to the entire residence. Also love the location, within walking distance (one block) of the shops and restaurants of River Oaks Shopping Center. And it's right across Shepherd from Tila's and Backstreet Cafe.

    Drawbacks: The building has only one elevator and on the day of our visit it was out of service for maintenance, which meant the four-flight trek. There is no service elevator. And in keeping with developer Randall Davis' philosophy, visitor parking is minimal.

    Square footage: 7,000-plus

    Asking price: $2.475 million

    Listing agent: Sharon Dreyer with John Daugherty Realtors

    The Gotham penthouse resonates with a New York City loft feel but the views are greener and wide open.

    Shelby On the Market 1025 S. Shepherd June 2013 main room
    Photo courtesy of John Daugherty Realtors
    The Gotham penthouse resonates with a New York City loft feel but the views are greener and wide open.
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    A Game Of Real Estate Chicken

    Houston high school for sale triggers a $40 million-plus bidding war: Who will blink first?

    Whitney Radley
    Jul 3, 2013 | 11:18 am

    When the Houston Independent School District's High School for Law Enforcement & Criminal Justice went on the market after the 2012-13 school year, St. Thomas High School — which borders LECJ to the south — promised to make a "competitive bid" on the prime property.

    But The Leader reports that a mysterious, recently-formed private company has other plans for the 10.9-acre site. AV Dickson Street, LLC, which formed just days before the first bid deadline was due to HISD, put in a $40 million bid on the campus.

    That was the minimum offer requested by the school district on the property, which was last appraised for $26 million in the Harris County tax rolls.

    An HISD representative told The Leader that St. Thomas officials countered with an offer of $40,000,100 in hopes of growing the size of the private, all-boys Catholic school's existing 17-acre campus. Yep, just $100 over AV Dickson Street's initial bid.

    And thus commences the war for the LECJ property. Offers for the second round of bidding are due to HISD by next Monday.

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    series/htx-real-estate-2013
    news/real-estate
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