Endeavour (building)
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.[1] 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
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