Conversion of office space to residential is gaining steam – lead by Jetall Capital’s Ali Choudhri, at several of his Galleria area properties.
November 4, 2022 (HOUSTON, TX) – Houston-based real estate company Jetall Capital has announced plans to convert multiple floors of Class A properties in the Galleria area of Houston into residential living spaces. This process, known as adaptive reuse, involves repurposing existing buildings for a new project, and can often be more cost-effective and eco-friendly than starting from scratch or tearing down and rebuilding.
Jetall is currently adapting several floors at premier properties in walking distance from the Galleria, such as 2425 West Loop South and 1001 West Loop South. These properties will offer a range of luxurious amenities, including gyms, delis, wellness and meditation spas, acupuncture, and more. Some of these spaces will be available for short-term rentals through platforms like Airbnb, while others will be available for longer term commitments.
According to Jetall CEO Ali Choudhri, “Companies are becoming accustomed to managing office staffs who are increasingly demanding more flexible work environments. Turning old office buildings into apartments or condos is nothing new, but doing it to Class A property within walking distance of Galleria, River Oaks, and Uptown Park is highly unique and has never been done before in Houston.”
The demand for housing in Houston is on the rise, and Jetall is well-positioned to provide some much-needed relief with its luxurious living spaces. As Choudhri pointed out, “While the world population grows, we increasingly see people committing to ‘Live, Work & Play’ from a single location. Less driving time and more time with friends and loved ones. Whether it is commercial building renovation or developing unique specialized projects, Jetall Capital will continue to be the thought and action leader in the symbiotic relationship between home and office. We love Houston and finding new ways to make this wonderful city truly a HOME for all our businesses and families.”
The decision to adapt these Class A properties for residential use is in line with the growing trend of flexible work environments, as more and more companies are accommodating employees who are seeking a better work-life balance. By offering living spaces within walking distance of the Galleria, River Oaks, and Uptown Park, Jetall is catering to this trend and providing a convenient and comfortable place for people to live, work, and play all in one location.
Overall, Jetall Capital is committed to finding innovative ways to improve the quality of life in Houston and make it a true home for businesses and families. With its portfolio of prime locations and a wide range of development and investment expertise, Jetall is poised to continue leading the way in the synergies between home and office.
Adaptive reuse projects like those being undertaken by Jetall Capital can provide several benefits to both developers and the local community. In addition to being a cost-effective and environmentally friendly alternative to new construction, adaptive reuse can also help to preserve and revitalize historical buildings, adding character and depth to an area. By creating modern living spaces within walking distance of popular areas like the Galleria, River Oaks, and Uptown Park, Jetall can cater to the growing trend of flexible work environments and provide a convenient and comfortable place for people to live, work, and play.
In addition to its adaptive reuse projects, Jetall Capital is also actively involved in private equity and angel investments, as well as restructuring and buying out debt and distressed real estate. This diversity of expertise allows the company to continue growing and adapting to the needs of the market.
Jetall Capital is a successful and forward-thinking real estate company that is committed to finding innovative ways to improve the quality of life in Houston and make it a true home for businesses and families. Its adaptive reuse projects, combined with its wide range of development and investment expertise, position the company as a leader in Texas’ commercial and residential real estate development.
About Jetall Capital
Jetall Capital is a family-owned real estate investment and management firm, which through its principals, commenced operations in 1961 in London, England. Through the leadership of Ali Choudhri, Jetall has become the largest private owner of commercial office space in Houston’s Galleria submarket, managing over 1 million square feet of property space. Lead by CEO Ali Choudhri, Jetall Capital is a family-owned real estate investment and management firm, which has become the largest private owner of commercial office space in Houston’s Galleria submarket – managing over 1 million square feet of property space.
Contact:
Jetall Capital
Aiden Porter
mediaops@jetallcompanies.com
713-789-7654
