In the late 1980’s, Houston was on the dawn of a new Urbanism movement. Young professionals, empty nesters, and double income with no kids were looking to live closer to where they worked. This reverse migration from post WWII suburbanization trend brought people closer to CBD Houston, where entertainment and centers of interest were only minutes away. Theater District, museum district, recreational and sporting facilities, favorite eateries, parks, annual ethnic festivals, cultural events and other treats could be just minutes away or walking distance from their new homes.
Coincidentally, Caspian Enterprises exited from an environmental business located in three major cities in Texas and Louisiana by selling all of its interest to two different national companies during this time period. Entering an arena still reeling from the recession of the mid 1980’s, they dove into the Houston real estate market. From the very beginning, due to market conditions, timing, and new urbanism movement in Houston, Caspian Enterprises became involved exclusively with urban development and was in the forefront of this new movement in Houston.
Caspian Enterprises is a developer, builder, and owner/operator of lofts, condos, live/work complexes, commercial industrial properties, and many historic buildings all near and around downtown Houston. Caspian started in Rice Military area and eventually moved to Midtown, Downtown and East Downtown. In Rice Military area and the part of Midtown surrounding Baldwin park, Caspian was an integral part of early development of these areas and played a significant role.
Now Caspian Enterprises focuses on historic renovation and commercial properties. The newest development in EaDo, Sampson Lofts, includes 79 unique units and commercial space adjacent with a magnificent view of downtown Houston and intention on keeping the integrity of the 1912 building. The next project is a multi-family renovation of a church in Eastwood area. Caspian continues to protect abandoned buildings others would tear down and bring them back with new purpose and life!