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    Real Estate Rumblings

    Houston high school to be turned into a luxury mixed-use development? Bidding war winner emerging

    Whitney Radley
    Whitney Radley
    Jul 10, 2013 | 12:56 pm

    The bidding war is coming to a close for the Houston Independent School District's High School for Law Enforcement & Criminal Justice campus, which went on the market earlier this summer.

     

    Will HISD select the $42 million bid from St. Thomas High School, the adjacent all-boys Catholic school looking to increase the footprint of its 17-acre campus? Perhaps not, The Leader speculates, since St. Thomas officials aim to charge HISD $225,000 each month over the next five years while the high school finds a new home.

     

    Although the $41,121,411.11 offer from AV Dickson Street, LLC appears to be less on the front end, the investment firm promised to lease back the school to HISD for just $100,000 per month — which could mean a savings of $7.5 million for HISD in the long run.

     

    Plus, as The Leader notes, the sale of the property to a non-educational entity would put the prime 10.9-acre plot back on the tax rolls to funnel an additional $450,000 per year (or more) into the district's coffers.

     

    The group behind AV Dickson Street, which closed on the nearby Bayou Park apartment complex at 4400 Memorial Drive in April, is looking to "create a 26-acre mixed-use luxury retail-office-residential development on the combined properties" over the next decade, according to The Leader.

    High School ForLaw Enforcement and Criminal Justice building and sign Houston
      
    Photo by WhisperToMe Wikipedia
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    Rent report

    This Houston suburb had the highest apartment rent prices in June

    Amber Heckler
    Jul 4, 2025 | 1:00 pm
    Sugar Land
    The City of Sugar Land, Texas – City Government/Facebook
    The asking rent for a one-bedroom apartment in Sugar Land was $1,450 in June, and two-bedroom units were $1,870.

    Apartment rent prices in June were more expensive in Sugar Land than they were anywhere else in Houston, according to the latest monthly rental report from Zumper.

    The rent report, which analyzed active listings from the previous month across all cities in the Houston metro, tracks the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.

    Despite having the most expensive rent in the Houston area last month, the asking rent for one--bedroom apartments in Sugar Land was technically lower than it was a year ago. Sugar Land's asking rent for one-bedrooms dropped 0.7 percent year-over-year to $1,450, while asking prices for two-bedroom units grew 3.3 percent to $1,870.

    Galveston saw the highest jump in one-bedroom prices year-over-year this past June, with asking rent for single-bedroom units rising 2.7 percent to $1,140. Two-bedroom apartments in Galveston dropped 2 percent year-over-year to $1,450.

    One-bedroom rent in Pearland decreased 1.5 percent to $1,340 in June, which Zumper found was the second-highest rent price in Houston. Year-over-year prices for two-bedroom units rose nearly 3 percent to $1,770.

    Houston proper had the third most expensive rent in the metro area last month, with prices for one-bedroom units remaining flat year-over-year at $1,280, while two-bedroom units decreased 7.4 percent to $1,500.

    Houston-area cities with affordable rent compared to the statewide median
    Zumper's report revealed that the median asking rent for a one-bedroom apartment in Texas came out to $1,134 last month, but there was no figure given for two-bedroom units.

    Out of the 13 Houston-area cities included in the report, six had affordable asking rent prices lower than the statewide median: Huntsville ($850), Pasadena ($900), Texas City ($910), Lake Jackson ($920), Baytown ($940), and La Porte ($1,100).

    Huntsville rent prices were the cheapest in the metro last month, but rent in Baytown decreased the most dramatically since last year with prices plunging 14.5 percent. Huntsville's current asking price is 5.6 percent lower than it was this time last year, which was the second-lowest drop.

    These are the June rent prices for one-bedroom apartments in the three remaining Houston-area cities:

    • League City – $1,200
    • Spring – $1,180
    • Conroe – $1,150
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