Red River Properties Apply For Demo Permit,Signals Development Efforts

Demo permits have been applied for two properties located in the crux of Rainey Street neighborhood development activity: 91 and 91 1/2 Red River Street.

91 1/2 is used as single-family residence. Until recently, 91 Red River was the venue for G’raj Mahal Cafe.  Last year, G’raj Mahal Cafe moved to 73 Rainey Street.  The timing of that move signaled increasing likelihood of development of the site.

These lots will likely be assembled with the adjacent property to the north, owned by 93 Red River Investors LTD (related to Endeavor Real Estate), and currently being used as office/warehouse.

At this point, there is no indication of what is envisioned for the site.

The two properties are not part of the “Rainey Street Historic District” that is listed on the National Register of Historic Places.  The properties are part of the Waller Creek Tax Increment Financing Distric (TIF), which funds the construction of the nearby Waller Creek Tunnel.

There’s no shortage of development occurring nearby: Waller Park Place to the west, Hotel Van Zandt to the south, the Fairmont Hotel one block north, and Millenium Rainey apartments are under-construction around the corner.