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    chip off the old block

    Historic downtown Houston building emerges as new dining and shopping destination

    Steven Devadanam
    Oct 1, 2018 | 1:10 pm
    The Americana
    The historic Americana building will be home to restaurant and retail tenants.
    Image courtesy of Capital Retail Properties and Identity Architects

    Call it revitalization, call it a renaissance, but downtown is clearly on a major upswing, as evidenced by the myriad new food halls, park upgrades, and now, the development of a key — and historic — structure.

     

    A familiar space at 811 Dallas St. is poised to become a pivotal shopping district, crafted as a smart nod to downtown’s past. Over the past year, the former Americana building has been whittled down to its original, six-story podium, which was completed in 1957 by Houston developer Melvin A. Silverman and his Manhattan collaborator Bennett Rose.

     

    The new Americana project is led by Houston-based Capital Retail Properties and Identity Architects. It runs from Milam to Travis Street and will mark the western gateway to a future shopping district conceived by the Downtown Retail Task Force in cooperation with the Downtown District.

     

    The project boasts availability for 31,000 square feet of premier street frontage space — with an additional 63,000 square feet below — plus 550 parking spaces, all in the heart of the central business district, according to a release.

     

    Stretching east towards La Branch and the George R. Brown Convention Center, the project neighbors Midway’s GreenStreet mixed-use development. An added bonus: The Americana offers tunnel access.

     

    Several local restaurateurs are said to be eyeing the new space, according to representatives of Capital Retail Properties, which is also marketing The Americana as a site for a fitness park with several operators sharing locker facilities.

     

    For visual appeal, architects are creating a "live green wall" system and wood-like material interspersed throughout the façade. The building’s iconic signage has been recovered and repaired and signature details from the Lloyd & Morgan (Three and Four Allen Center, American General Building, and Greenway Plaza) design have been revealed after nearly two decades, per the release.

     

    The eastern side of downtown has seen increased development in the past couple of years. Openings like the Marriott Marquis, the new restaurants along Avenida de las Americas, and the imminent arrival of The Rustic have given the area new life. The Americana looks poised to become another valuable addition to the area.

     
    downtowntrendsshopping
    news/real-estate

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    millennial movers

    More millennials bought homes in Houston than any other city in 2024

    Amber Heckler
    Jul 14, 2025 | 5:15 pm
    mortgage rates with pen and calculator
    NeedRapidCashNow
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    Houston is turning into a haven for millennial homebuyers, a new SmartAsset housing study has found. Nearly 62,000 millennials purchased homes in the Bayou City in 2024.

    The report, "Where Millennials Are Buying Homes – 2025 Study," analyzed mortgage origination data across 41 of the largest U.S. metros, ranking them based on the percentage of local people aged 25-44 who purchased a home in 2024. As a note, the study only observed conventional mortgages and not FHA, USDA, or VA loans.

    The findings show more millennials bought homes in Houston-Pasadena-The Woodlands than in any other U.S. metro last year, totaling 61,826 originated mortgages.

    "This was the highest raw number of new Millennial homeowners nationwide, outranking metros like New York City and Los Angeles, which have much larger total populations," the report's author wrote.

    For additional context, that's nearly 6,100 more mortgages than Dallas-Fort Worth-Arlington, which had the second-highest number of millennial home purchases nationwide in 2024.

    The median property value of a Houston-area home purchased by a millennial in 2024 came out to $345,000, and the median income of a millennial homeowner was $124,000, according to the report.

    Despite the vast number of millennials that bought homes in Houston last year, it only accounted for 2.85 percent of all local residents within the 25-44 age bracket. Furthermore, Houston-Pasadena-The Woodlands placed 27th in the report's ranking of U.S. metro areas with the highest percentage of millennials who purchased homes in 2024.

    The No. 1-ranking metro was Raleigh-Cary, North Carolina with 4.5 percent of local millennials securing a mortgage last year. However, that percentage only represented 19,735 mortgages originated in 2024.

    SmartAsset said U.S. metros with a high rate of millennial homebuyers may show desirability within the area's job market, housing market, and its local economy.

    "In some places, 1 in every 25 residents between the ages of 25 and 44 purchased a home with a conventional mortgage just in 2024 alone," the study said. "In other major metros, less than 1 in 100 Millennial-aged residents last year. This disparity can cause divergent implications for local infrastructure, politics, and business demand among different metros."

    Here's how many mortgages that were secured by millennials in Texas' other major metros in 2024:

    • Dallas-Fort Worth-Arlington – 55,732 mortgages
    • Austin-Round Rock-San Marcos – 27,196 mortgages
    • San Antonio-New Braunfels – 26,337 mortgages
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