St. George Place Est. 1989
St George Place, originally known as Lamar Terrace, is a peaceful enclave located in the shadow of the Galleria. This inner loop neighborhood is bordered to the north by West Alabama, to the south by Richmond Avenue, to the east by South Rice, and to the west by Chimney Rock.
In 1989, Robert Silvers bought and formed 107 lots out of portions of an older subdivision, Lamar Terrace, from the Federal Savings & Loan Insurance Corporation. Mr. Silvers tore down many of the original homes, and petitioned Houston’s city council to rebuild the neighborhood. With its new name, St George Place, and a plan, Mr. Silvers was awarded the city’s first tax-increment reinvestment zone (TIRZ) and Public Improvement District, making it possible to institute zoning in place of deed restrictions that had expired. Of all the TIRZs that have followed since in Houston and other Texas cities, St. George Place is often regarded as the most successful. In the years since St George Place was formed, the neighborhood has been transformed from a once blighted area of town into a premier Uptown-Galleria area residential neighborhood full of new home construction, beautiful streets, and a fun and active neighborhood civic association (the SGPCA). The SGPCA oversees and manages the community’s Security and Landscape Maintenance contracts and activities. Likewise, the SGPCA stays actively involved in issues and solutions that continue to ensure that St. George Place is an attractive, safe, friendly, and resident-focused neighborhood. It’s placement within the southwest corner of the Galleria Mall offers residents only a short walking distance to the most premier shopping area of Houston.
The area has also been transformed by the addition of new streets, lighting, and a new elementary school. Spectacular two story homes featuring designs from Houston’s best architects dominate the subdivision. The style of homes focuses on Mediterranean style, French Country Custom, Spanish, and occasionally a traditional home. Since its revival, only a smattering of original Lamar Terrace homes still stand and, when offered for sale, are sold for lot value.
Students living in St. George Place attend schools served by the Houston Independent School District.
St. George Place / Lamar Terrace 2010 Real Estate Info
Number of Homes in St. George Place 361
Average Bedrooms 3.3
Average Baths 2.5
Median Square Ft. 3,137
Median Lot Square Ft. 6,600
Median Year Built 1999
Zip Code 77056
Tax Rate 2.5237
School Houston ISD
City Houston, Texas
Area Houston Uptown, Galleria Post Oak
St. George Place / Lamar Terrace 2012 Real Estate Market Report
Number of Homes Sold 17
Sales Price Range $290,000 to $ 1,024,550
Average Sales Price $549,056.00
Square Foot Price Change Data 1994 – 2010 for Lamar Terrace
Crawford Realty Advisors
All information is subject to change and should be independently verified.
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