Description: Located in Hanover Rice Village, a mixeduse project in the heart of Rice Village Close proximity to The Texas Medical Center, Greenway Plaza and Rice University Available Space: 1,177 SF Available (Morningside frontage) 1,371 SF Available (Kelvin frontage) Demographics: 1 mile 3 mile 5 mile 2017 Population: 20,500 187,126 476,129 Daytime Pop: 22,082 204,253 519,819 Med HH Income: $150,653 $81,189 $67,153 David Werlin For More Information: Charles Blaschke DWerlin@WPWMgmt.com Charles@WPWMgmt.com 713-627-2711 713-627-2711
Hanover Rice Village
David Werlin For More Information: Charles Blaschke DWerlin@WPWMgmt.com Charles@WPWMgmt.com 713-627-2711 713-627-2711
Rice Village Submarket Rice Village is one of Houston s oldest and most desired shopping districts The submarket encompasses 67 acres spanning 16 city-blocks and is home to over 300 shops Close proximity to the Texas Medical Center (largest medical complex in the world), Greenway Plaza ( 4.9M RSF office) and Rice University (6,740 students) and Downtown Affluent neighborhoods within a 10-minute drive time include: River Oaks, West University, Upper Kirby, Montrose and Midtown Hanover Rice Village Co-Tenants include: Coppa Osteria, Cyclone Anaya s, Punk s Simply Southern Food, Zoes Kitchen, Hand & Stone Spa, Fellini Caffe 381 luxury residential units with 23,000 SF of ground level retail space 150 parking stalls in the parking garage dedicated to retail/restaurant tenants with valet offered on Morningside Dr. Shallow bay-depth allows for maximum frontage/visibility on Morningside Dr. Available January 1, 2019
Hanover Rice Village
2017 Population (3 mi Radius) 187,126 Average HH Income (3 mi Radius) $138,289 Households (3 mi Radius) 94,536 2022 Population (3 mi Radius) 204,253 1 Mile 3 Mile 5 Mile Population 2000 Population 16,898 147,683 369,860 2010 Population 17,911 162,345 412,707 2017 Population 20,500 187,126 476,129 2022 Population 22,146 204,253 519,829 2000-2010 Annual Rate 0.58% 0.95% 1.10% 2010-2017 Annual Rate 1.88% 1.98% 1.99% 2017-2022 Annual Rate 1.56% 1.77% 1.77% 2017 Male Population 48.9% 50.3% 51.8% 2017 Female Population 51.1% 49.7% 48.2% 2017 Median Age 39.5 36.2 34.6 Race and Ethnicity 2017 White Alone 78.8% 64.9% 57.0% 2017 Black Alone 2.1% 13.0% 20.0% 2017 American Indian/Alaska Native 0.2% 0.3% 0.5% 2017 Asian Alone 14.1% 14.9% 10.4% 2017 Pacific Islander Alone 0.0% 0.1% 0.0% 2017 Other Race 1.6% 3.8% 8.6% 2017 Two or More Races 3.2% 3.1% 3.5% 2017 Hispanic Origin (Any Race) 9.5% 14.4% 26.9% Households 2000 Households 7,526 74,564 162,416 2010 Households 7,396 81,775 185,612 2017 Total Households 8,629 94,536 214,228 2022 Total Households 9,413 103,475 234,773 2000-2010 Annual Rate -0.17% 0.93% 1.34% 2010-2017 Annual Rate 2.15% 2.02% 2.00% 2017-2022 Annual Rate 1.75% 1.82% 1.85% 2017 Average Household Size 2.23 1.91 2.09 Median Household Income 2017 Median Household Income $150,653 $81,189 $67,153 2022 Median Household Income $151,448 $96,549 $79,832 2017-2022 Annual Rate 0.11% 3.53% 3.52% Average Household Income 2017 Average Household Income $211,630 $138,289 $116,700 2022 Average Household Income $223,351 $156,320 $132,023 2017-2022 Annual Rate 1.08% 2.48% 2.50% Housing 2000 Total Housing Units 8,262 83,078 181,743 2000 Owner Occupied 4,799 30,522 62,587 2000 Renter Occupied 2,727 44,042 99,830 2000 Vacant Housing Units 736 8,514 19,326 2010 Total Housing Units 8,258 94,660 214,475 2010 Owner Occupied 4,749 34,178 74,376 2010 Renter Occupied 2,647 47,597 111,236 2010 Vacant Housing Units 862 12,885 28,863 2017 Total Housing Units 9,378 107,070 242,550 2017 Owner Occupied 5,033 35,909 79,192 2017 Renter Occupied 3,596 58,627 135,036 2017 Vacant Housing Units 749 12,534 28,322 2022 Total Housing Units 10,149 115,548 263,216 2022 Owner Occupied 5,361 38,386 85,416 2022 Renter Occupied 4,052 65,088 149,358 2022 Vacant Housing Units 736 12,073 28,443
Information About Brokerage Services Texas law requires all real estate license holders to give the following informaɵon about brokerage services to prospecɵve buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS:. A BROKER is responsible for all brokerage acɵviɵes, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker s own interests; Inform the client of any material informaɵon about the property or transacɵon received by the broker; Answer the client s quesɵons and present any offer to or counter-offer from the client; and Treat all parɵes to a real estate transacɵon honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriʃen lisɵng to sell or property management agreement. An owner's agent must perform the broker s minimum duɵes above and must inform the owner of any material informaɵon about the property or transacɵon known by the agent, including informaɵon disclosed to the agent or subagent by the buyer or buyer s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriʃen representaɵon agreement. A buyer's agent must perform the broker s minimum duɵes above and must inform the buyer of any material informaɵon about the property or transacɵon known by the agent, including informaɵon disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parɵes the broker must first obtain the wriʃen agreement of each party to the transacɵon. The wriʃen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaɵons as an intermediary. A broker who acts as an intermediary: Must treat all parɵes to the transacɵon imparɵally and fairly; May, with the parɵes' wriʃen consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instrucɵons of each party to the transacɵon. Must not, unless specifically authorized in wriɵng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriʃen asking price; ᴑ ᴑ that the buyer/tenant will pay a price greater than the price submiʃed in a wriʃen offer; and any confidenɵal informaɵon or any other informaɵon that a party specifically instructs the broker in wriɵng not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacɵon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s duɵes and responsibiliɵes to you, and your obligaɵons under the representaɵon agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This noɵce is being provided for informaɵon purposes. It does not create an obligaɵon for you to use the broker s services. Please acknowledge receipt of this noɵce below and retain a copy for your records. Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/ Associate License No. Email Phone Sales Agent/Associate s Name License No. Email Phone Regulated by the Texas Real Estate Commission Buyer/Tenant/Seller/Landlord Initials Date InformaƟon available at www.trec.texas.gov IABS 1-0