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Houston Texas Real Estate Blog > Which neighborhoods have the most/least growth potentialsWhich neighborhoods have the most/least growth potentialsContributed by Frank Schulte-Ladbeck on January 28, 2008 Houston is expanding in so many directions that it is hard to keep up. Currently, builders have stopped new construction till the market improves, but they are still completing construction of homes that were already started. Does this mean that no neighborhood will be in growth mode this year? There will always be neighborhoods that are growing, and neighborhoods that are slowing down. It is the cycle of people and business in our town. Texas has had steady job growth, and Houston has seen its fair share with jobs coming in because of the new focus on the energy sector. Well, that is one thing one hundred dollar per barrel oil is good for, job growth in Houston. Several entrepreneurs are looking to make Houston the center of cleantech as well, which would put Houston in the center of renewable energy. Even with this boom in the oil industry, the eastern half of the city still is not in a growth mode. Several new subdivisions exist, and there always will be some opportunities, but vibrant growth needs more than just one industry. The Heights is already undergoing a major transition, and new business developments in the are ensure further growth. As commuters become weary of the drive in from the outlaying areas, they are looking to find a neighborhood close to downtown offices and the burgeoning night life, as well as other pleasantries of life. The Heights offers this to those looking to escape the drive into town. One area that is also getting a second look because of its location is Montrose. Just outside of downtown and not too far from the Medical Center, the neighborhood is known for its artistic bent. Good dining, clubs abound throughout the area, and it is close to the Museum District too. Just outside of the loop(the 610 loop circles the town) on its southwestern corner sits Meyerland. Shopping at Meyerland Plaza, walks along Braes Bayou, and some family friendly parks are throughout this area. Currently, you will see the homes being rebuilt to suit more contemporary tastes. Everyone agrees in Houston that most new construction has focused on the western half of the city. The Houston West Chamber of Commerce and the Westchase District have led the way of promoting all aspects of this community. The neighborhoods here will be a great live/work area as the Westchase District pushes forward with creating business development, trails along the bayous and creeks, and entertainment. For immigrants from Southeast Asia, the new Chinatown along Bellaire on the western half of the city is the place to be. Infrastructure improvements are occurring, but many shopping centers are being born again, as new centers pop up. Small businesses from this community are looking to expand out to the surrounding area. Well, these are the neighborhoods in my estimation that have the best growth potential. Drive around to check them out. Sample the food, play in the parks, and check out the new construction. These communities have something to offer you. Comments:No comments have been submitted yet.
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