If council approves the deal, the Houston Hispanic Forum willlease the building, located on Caroline Street south of downtown,for the next 30 years and be responsible for an estimated $2.6million needed to renovate it. The work will probably take a yearto complete.

"The community doesn't want to lose it," says Rey Gonzales, vicepresident of the Forum."The building needs someone to take care ofit and put it to use."

The Houston Guard had deeded the fortress to the Texas Guard,which occupied it until 1991. Since then it has been used forstorage by Houston Community College. When city council had heardof Forum's plans, it had bought the building from the college tosave it from the wrecking ball.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.