Last week the owners of Ella Business Park, at 3306 Ella Blvd., sold the property to a partnership led by Chris Hotze of Crescere Capital. Hotze has been active in the area and developed the adjacent 33 1/3 @ Thirtyfourth.
According to Collier International’s Walter Menuet, who formerly leased the property, the business park was 100 percent occupied at the time of the sale. A new sign at the entrance to the property lists one of those tenants, Trojan Worldwide, a power cleaning equipment company.
Hotze said the existing tenants have been long-term tenants and there are no plans to repurpose the space for retail.
“(The park) serves a purpose in the area, and we respect that,” said Hotze, who said that since his company owns a number of other properties nearby, the purchase of the business park was an investment. “It won’t be redeveloped but it will be fixed up. It also potentially adds overflow parking options for 33 1/3.”
Hotze said Crescere has been taking additional measures to clean up Ella by working with CenterPoint Energy and Trees for Houston, along with adding better signage.
Tenant updates for 33 1/3 @ Thirtyfourth, Shops at Oak Forest
Tenants at 33 1/3 @ Thirtyfourth, on the corner of 34th Street and Ella Boulevard, include Les Ba’get, BrushBox, the UPS Store, Dentistry of the Oaks, Look Eye Care and Bubble Egg. Although developer Chris Hotze said there are letters of intent for the three remaining spaces at 33 1/3 at Thirtyfourth, the spots remain available.
A 3,144 square foot space is open next to Bubble Egg. There are two spaces, measuring 2,091 square feet and 1,373 square feet, available next to Look Eye Care.
Hotze’s other area retail property, the Shops at Oak Forest at 43rd Street and Ella, is now fully leased. Fajita Pete’s is replacing Papa Murphy’s and has recently put up temporary signage, while Tamashi Ramen and Sushi is taking over the former China Wok space.
Hotze said he is excited that Plonk! Beer & Wine Bistro is nearing its 10-year anniversary and credits Scott Miller for running an “amazing operation that is a part of the culture of the neighborhood.”
“We’ve been investing in the area for the past 12 years,” Hotze said. “It’s incredible how much the area has grown.”
Yale Marketplace tenant update
Matt Brock with Fidelis Realty Partners said there is one available 3,259 square foot space left at the Yale Marketplace, which is anchored by the Whole Foods Market with Peli Peli and Juice Society adjacent.
The most recent opening at Yale Marketplace is Glo Nail Lounge with Beehive, an upscale blow-dry concept salon, scheduled to open next month. Pearl Vision and a dentistry practice are still doing buildouts. In addition to the available space, the Lash Lounge has a pending lease to join the marketplace. Other tenants are Houston Heights ER, Orangetheory Fitness and Verizon.
Brock said Fidelis would consider dividing the remaining space, going as small as 1,200 square feet. For more information, visit https://www.frpltd.com/Properties/YaleMarketplace.
New development next to Dream Wings
Amred Enterprises said the same owner of the Dream Wings property at 3425 Ella Blvd., Orchid Star Investments, has constructed a new building next door, intended for two separate tenants. Amred is leasing the development.
There already is one tenant signed, a medical wellness clinic. The other half of the building is available.
Timbergrove Trails to start construction in summer
Sullivan Brothers Builders announced a new community on an 8-acre tract located inside the 610 Loop at the corner of West 11th St. and Seamist Dr. The planned community will have 84 residential lots and features a 2-acre natural trail system.
Starting in the $500,000 range, the community will offer custom two-story patio floor plans with attached two-car garage and an optional upgrade for a third floor.
Backyard Axe Throwing League prepares to open
Backyard Axe Throwing League, or BATL, has its sign up on T.C. Jester Boulevard, next door to King’s BierHaus, and is scheduled to open April 5.
The BATL venue is created to make it easy for people who are trying something new, or for people who are participating in a league, to have fun. The axe-throwing “arenas” are described on BATL’s website as comparable to a cross between a bowling alley and a batting cage, with private space for groups of any size.
Boutique opens in temporary location
Threadfare Children’s Boutique is open until August at 3415 Oak Forest Dr., in the former Branché Boutique location, according to owner Koryn Wright. It will move to Revive’s Stomping Grounds once construction is finished.
Threadfare’s hours are 10 a.m.-5:30 p.m. Tuesday-Saturday and 1-5 p.m. Sunday. Through the end of March, first-time shoppers can save 10 percent off their purchase if they mention this article in The Leader. The boutique carries apparel in girl’s sizes newborn through 16 years and boys sizes newborn through 8 years. Threadfare has shoes as well as accessories, gifts and toys.