Building buy: Confidence in the island’s downtown residential market continues to grow. An entity going by SHF Strand LP has acquired the historic building containing The Strand Lofts, 2400 Mechanic St., from developer Randall Davis.
The new owners likely will convert the 37 lofts for rent into units for sale, said Rusty Herring, who has been manager of five-story property for 15 years. Davis, who is credited with launching a loft trend in Houston and restoring historic buildings, including the nationally known Rice Hotel, bought The Strand Lofts in 1993. In 1995, he converted what was known as the Clarke & Courts Building, built in 1890, into a loft complex. The Clarke & Courts Building was the largest downtown business building that renowned island architect Nicholas Clayton designed, according to the Galveston Architecture Guidebook.