Bellaire - Meyerland - West University | September 2023

Transportation

Real estate

BY SHAWN ARRAJJ & ANNA LOTZ

CHIMNEY ROCK RD. Work on Richmond Plaza project hits utility delay

Texas Central, Amtrak exploring partnership Texas Central and Amtrak officials are exploring a partnership to potentially advance the 240-mile high-speed rail project proposed to connect Houston and Dallas. Two-minute impact Amtrak officials said the two entities are evaluating the project’s viability. The project is anticipated to: • Provide travelers a 90-minute route between Houston and Dallas • Remove 12,500 cars per day from I-45 Zooming out Texas Central and Amtrak have submitted applications to federal programs for grant funds to study and design the high-speed rail project.

Number of homes sold

July 2022

July 2023

Residential market data

19 23

26 27

+21.1%

+3.8%

77005

77096

The total number of homes sold was largely flat in five local ZIP codes when comparing July 2023 to July 2022. Sales rose slightly in four ZIP codes, while dropping slightly in the 77025 ZIP code.

Construction on a $19 million city of Houston paving and drainage project targeting the Rich- mond Plaza community hit a delay in August after crews ran into utility conflicts. However, city officials said the project is still on track to be completed by fall 2024. What’s happening Because work on side streets cannot move forward until work is completed on Evergreen, officials with the Houston Public Works Depart- ment said in an Aug. 4 update that crews were focusing on storm improvements along Evergreen from Alder Drive to Chimney Rock Road as they wait for utility conflicts in the area to be resolved. The details Work includes the design and construction of stormwater drainage and paving improve- ments—including streets, curbs, sidewalks and driveways—on parts of Alder Drive and Jessamine, Aspen, Huisache, Evergreen, Grand Lakes and

22 21

22 25

-4.5%

+13.6%

77025

77401

59

7 8

ASPEN ST.

+14.3%

77030

HUISACHE ST.

610

GRAND LAKE ST.

Median home sales price

EVERGREEN ST.

July 2022

$1,358,154 July 2023

N

90

77005

-29.1%

$1,915,000

288

N

Mapleridge streets. The project is intended to reduce the risk of structural flooding. What’s next Once work on Evergreen is completed, the next phase of work will begin on Alder Drive from Evergreen Street to Bissonnet Street.

77025

-4%

$490,000

$510,500

77005 77096

77025 77401

77030

77030

-7.5%

$825,000

$891,425

NEIGHBORHOOD DATA PROVIDED BY ALINA ROGERS SPARROW REALTY • 281-961-2944 WWW.SPARROW-REALTY.COM

77096

-10%

$411,000

$456,850

77401

+34%

$1,350,000

$1,007,500

BUFFALO SPEEDWAY 9733 Buffalo Speedway (713) 838-7486

HOLCOMBE 2314 W Holcombe Blvd (713) 669-1722

WESLAYAN 3902 Bissonnet (713) 218-8144

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