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    Real Estate Round-up

    Old palace theaters saved in the South: Will Houston join in before everything'sgone with the wind?

    Ralph Bivins
    Nov 15, 2010 | 12:11 pm
    • The Alabama Theater sits vacant and is considered in danger.
      Photo by Ralph Bivins
    • Saenger Theatre in New Orleans is an example of what can happen when an oldpalace is saved.
      Photo by Ralph Bivins
    • The Plaza Theater in El Paso was resorted just when it looked lost.
      Photo by Ralph Bivins
    • Houston used to be full of hopping theaters, including the Majestic (shown herein 1937).
    • Saenger Theatre
      Photo by Ralph Bivins
    • Saenger
      Photo by Ralph Bivins
    • Saenger Theatre
      Photo by Ralph Bivins
    • Saenger Theatre
      Photo by Ralph Bivins
    • The Plaza Theater in El Paso
      Photo by Ralph Bivins
    • The Bellaire Theatre is another example of Houston's need to fight for its past.
      Photo by Ralph Bivins
    • Bellaire Theatre
      Photo by Ralph Bivins

    Pace Concerts founder Allen Becker, a legend in Houston’s entertainment scene, understands the importance of great amusement palaces.

    Becker and his partners have a mission to save some of the great theaters of the South.

    Becker knows too many urban theaters have slipped into dark and decay. People don’t go downtown into huge theaters to watch Gone with the Wind on a big screen. Suburban multi-screen movie theaters edged out the big dinosaurs long ago.

    Some of the great theater buildings from the past remain as empty shells. Some have been destroyed. Many of the theater buildings are gems that only need to be polished to shine again, if only we can keep the wrecking ball away. Houston’s great art deco shrine from the 1930s, the Alabama Theater on Shepherd Drive, sits vacant and is considered to be endangered by preservationists.

    NOLA’s Treasure

    Becker is chairman of ACE Theatrical Group, which is starting a major redevelopment in New Orleans — rebuilding of the Saenger Theatre.

    The Saenger opened in 1927 as a playhouse for Vaudeville shows, before it became the city’s main theater for movies. It’s been boarded up since being damaged by Hurricane Katrina.

    Work will begin in December to restore the Saenger — a $50 million project that developers say will retain and preserve the design and craftsmanship that made the Saenger a place of wonder. The plaster and terra cotta ornamental elements will be restored.

    The original carpeting and seat upholstery will be duplicated. Missing light fixtures will be replaced with replicas that will match the originals. Materials that were applied in a series of remodeling efforts over the years will be removed to produce a look that is consistent with the original 1920s design.

    Martinez + Johnson Architecture of Washington, DC, is overseeing the restoration.

    In the end, the 80,000-square-foot theater at 1101 Canal Street will have 2,800 seats and it will have a constant stream of shows and programming, says David Anderson, president of Houston-based ACE Theatrical Group and the Saenger Theatre Partnership.

    A production of Lion King will open at the Saenger in early 2012, Anderson says. The rear wall of the theater will be torn down in order to expand the backstage area and make it sufficient for Broadway shows.

    A restored theater like the Saenger, which is receiving some government grants and tax assistance, and can inject a lot of economic benefit into a community, Anderson says. Cities spend hundreds of millions to build sports stadiums that are dark over 300 days a year. A theater may be dark only 60 or 80 days a year, he says, generating a more consistent activity and sustained tourism than sports facilities.

    “These theaters are community treasures. They were built in the 20s in the downtowns. But they fell into disrepair when there was flight to the suburbs and the suburban multiplexes came in,” Anderson says.

    ACE Theatrical has redeveloped a number of classic theaters, including the Empire and Majestic theaters in San Antonio, Boston Opera House, Warner Theater in Washington DC and the Orpheum Theatre in Memphis. The Saenger redevelopment will revitalize a portion of New Orleans that has been struggling to thrive after Hurricane Katrina.

    “New Orleans needs this and it’s going to be fantastic,” Anderson says.

    Documenting a Resurrection

    Houston filmmaker Jeffrey Mills has been creating a documentary, Before the Curtain Rises. The film, which Mills hopes to be able to air on PBS, will focus a lot of attention on the old Texas-based Interstate Theatres chain and the restored Plaza Theater in El Paso.

    The Plaza opened in 1930 and was the hub of downtown entertainment for years before being shuttered in the face of competition from drive-in movies and suburban theaters. The Plaza remained vacant for decades and was about to be demolished to make way for a parking lot, before the community protested and saved it. After a $38 million County Council-backed renovation, the El Paso theater reopened in 2006.

    Through a non-profit group, Documentary Alliance, Mills is raising money for the completion of the film. The documentary would be instructional for the next generation of people who will be accustomed to downloading movies over the Internet and may never go out to see a movie. For more on the documentary, see www.interstatetheatres.com.

    Big movie palaces aren’t needed for film exhibitions any more. But perhaps redevelopment projects like the Saenger and the Plaza can show us why these theater buildings need to be saved and how they can be adapted for other uses.

    Ralph Bivins, former president of the National Association of Real Estate Editors, is editor-in-chief of RealtyNewsReport.com.

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    homebuying news

    New study ranks Texas a top-20 housing market for buyers under 35

    Amber Heckler
    Aug 12, 2026 | 10:30 am
    Person holding house keys
    Photo by Jakub Żerdzicki on Unsplash
    In 2025, Texas had more mortgage applicants under 35 years old than any other state in the country.

    The Lone Star State is emerging as a top destination for young adult homebuyers, a new report has confirmed, with nearly 23 percent of all mortgage applications submitted by individuals under 35 years old.

    Texas ranked No. 18 in SmartAsset's new study, "Where Young Adults are House Hunting," making it one of the most sought-after U.S. states "where the next generation of homeowners may be gaining the strongest foothold."

    To determine where younger Americans are most actively pursuing homeownership, SmartAsset's analysts examined mortgage application data in all 50 states in 2025, and calculated the share of applications filed by buyers younger than 35 relative to all applicants.

    A total 259,737 Texas homebuyers under 35 submitted mortgage applications in the last year alone — making Texas the state with the highest number of young adult applications in the country.

    California and Florida, respectively, had the second- and third-highest numerical rate of young adult homebuyers with 170,434 and 159,429 applications in each state. But they still ranked at the bottom of the national list with the lowest percentage of young adult applications relative to all applicants in 2025 — at 14.7 and 14.8 percent.

    North Dakota leads the nation as the top state for young homeowners with over 28 percent of all mortgage applications in 2025 submitted by homebuyers under 35, making up 6,551 applications.

    SmartAsset also revealed something many homeowners might already know: younger Americans are more likely to pursue homeownership in states with lower housing costs.

    "In each of the four states with the highest share of mortgage applications from adults younger than 35, the typical home value is less than $300,000: North Dakota (No. 1), West Virginia (No. 2), Nebraska (No. 3) and Iowa (No. 4)," the report's author wrote.

    In Texas, the typical home is worth $302,187, which is the 18th highest in the U.S. Meanwhile, West Virginia and Mississippi are the only two states with home values under $200,000, the lowest nationwide.

    Recent studies have positioned Houston as a hotspot for millennial homeowners, but results aren't looking good among Gen Z and first-time homebuyers. As many Houstonians already know, affordability remains a major hurdle and the surrounding suburbs have a greater appeal for potential first-time buyers.

    High home prices aren't the only challenges keeping young Americans from becoming homeowners, the report said. Other challenges like high interest rates and limited supply are also plaguing would-be homebuyers.

    "According to a recent Pew Research Center survey, nearly 9 in 10 younger Americans say it is harder for them to buy a home than it was for their parents," the report said. "Nonetheless, younger buyers continue to aspire to homeownership, navigating an uneven landscape of affordability and opportunity."

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