Endeavour (building) explained

Endeavour is a 30-story high-rise condominium building in Pasadena, Texas, in southeastern Greater Houston.[1]

The building was built in 2008 on the shore of Clear Lake, originally envisioned to be the first of a number of high-rise residential buildings that would be built on the waterfront of the generally low-rise suburban area near the Johnson Space Center. However, damage from Hurricane Ike in late 2008, combined with the property-market downturn of the 2008 financial crisis, led to the developer filing for bankruptcy in May 2009, having sold only 36 of the 80 units.[2] The remaining 44 units were purchased in bankruptcy court in December 2009 by an investment partnership, for $9.5 million plus past-due taxes.[3] [4] The new owners repaired and renovated the building at a cost of $2 million, and relaunched condominium sales in 2010.[5]

References

29.5652°N -95.0624°W

Notes and References

  1. News: Endeavour first of many high-rises for Clear Lake . . March 3, 2008 . 2014-12-25.
  2. News: Clear Lake high rise developer in bankruptcy . Houston Chronicle . May 28, 2009 . 2014-12-25.
  3. News: Bankruptcy court approves Clear Lake condo sales . Houston Chronicle . December 7, 2009 . 2014-12-25.
  4. News: Wonmore scoops up Endeavour condos . Houston Business Journal . December 16, 2009 . 2014-12-25.
  5. News: Endeavour tower ready for its second takeoff — And why aren't things built to last in Houston? . Culture Map Houston . June 11, 2010 . 2014-12-25.