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Who owns Astroworld now?

From the weekend, we had this story about the real estate investors who bought the land that Astroworld once inhabited. The biographical stuff doesn’t interest me that much, I was looking for clues about what’s next for that property. Alas, this is all I got:

The deal on the 104 acres is scheduled to close Wednesday, but McIver won’t show his cards until after that happens.

While he mentions the phrase “mixed-use” development when asked about how he envisions the property long term, he said that he’s still evaluating his options.

“I would hope the project would be something the city and the people of Houston would be proud of,” McIver said during a recent interview.

Another unknown is what role he will have in what’s built on this vacant parcel. While McIver said he’s not going to flip the property, most often he has bought and sold land for others to develop, often after making some improvements.

In short, who knows? We’ll have to wait a little longer to find out, and nothing may happen until after the property has been flipped again. Stay tuned.

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One Comment

  1. Charles Hixon says:

    Its proximity to a Superfund hazardous waste site may influence how it can be developed.