The principal of the developer is Scott Arnold, an attorney. Mr. Arnold became licensed and opened his law practice in 1980 and specializes in civil trial law and personal injury work, and is Board Certified in both areas. He still practices law full time, as well as pursuing his real estate development work through Arnold Interests. EARLY PROJECTS: In the early 80's Mr. Arnold bought and renovated his Montrose area, Houston residence and two historical homes in Galveston. He bought a burned-out shell of a turn-of-the-century structure on Washington Avenue in Houston and converted it into a livemusic bar, which has been more or less continuously operating for almost thirty years. Mr. Arnold then bought and renovated 3418 Mercer, a 5000 square foot office building in the Greenway Plaza area of Houston, housing exclusively attorneys. Also in the late 1980's Mr. Arnold purchased, as 50% partner, 123 acres with half a mile frontage on the Brazos River in Fort Bend County, which is just outside Richmond/Rosenberg off US Alternate 90. Most of the property is now sold or developed but some river front, lake front and subdivision lots are still available. GALVESTON CRUISE SHIP NEIGHBORHOOD: In the early 90's Mr. Arnold began developing a three block area in downtown Galveston, Texas, close to the Strand, the Railroad Museum, and later, the cruise ship terminal. His first purchase was an abandoned cottonbaling complex, which was 10,000 square feet of masonry walls and floor. It was without mechanical, electrical, or plumbing and lacking the entire roof structure. Mr. Arnold developed the Galveston Brewery at that location, a brew pub. He designed and built the brewing system himself, rather than buying one prepackaged.
$2,000,000 USD
Storefront Retail/Office - For Sale42,575 SF | Request Cap Rate
$5.16 USD /SF/yr
Flex - For Rent$5.28 USD /SF/yr
Retail - For Rent$13.20 USD /SF/yr
Retail - For Rent