With the presence of NASA office space in the Houston area, it is clear that the space program is firmly entrenched in Texas' economic fabric. However, to this point, an official launch site has eluded state officials who wish to send private ships into space from Texas.
This week we feature the offices of Frankel Building Group, an award winning Houston custom home builder. Located in the heart of Tanglewood, this family business is run by President Jim Frankel and his two sons Kevin and Scott. Considering their reputation for building exquisite custom homes, we expected their headquarters to be pretty impressive and it certainly didn't disappoint.
Following up on our story about the possible future of the former site of Astroworld, we thought it was worth mentioning another tidbit of news we found exciting. This could be huge. Several commercial real estate insiders have told us that Top Golf, the awesome golf driving range concept with stateside locations in Dallas, Chicago, and Northern Virginia is on its way to the Greater Houston area in the near future. They also have several locations in the United Kingdom.
Since closing in 2005, the site of the former Six Flags: AstroWorld amusement park has sit unused and all but forgotten. The park's 104 acres have traded hands in that time - a 2010 report from the Houston Chronicle noted that a Fort Worth investment firm purchased it solely for its appreciation value.
If cost were of no concern, most business owners would probably prefer to operate out of a new, state-of-the-art commercial space. As always, though, cost considerations must always be taken into account and Dallas office space is no exception to the rule.
Texas cities have long been attractive to small businesses owners, which may be more true now, as real estate experts in the Austin area have reported that the office market is seeing many commercial spaces receive tenants.
Another report on the commercial real estate picture in the United States points to the continuing demand for new office and warehouse spaces driving up office leasing activity in key markets around the country.