Endeavor Condo's on Clear Lake A Bust (Houston, Dickinson: foreclosure, for rent) - Texas (TX) - City-Data Forum

texas7 · 12-10-2008, 08:15 PM

Okay - heard the new hi-rise on Clear Lake is in foreclosure and so the other towers they planned on building are scrapped. So anybody know - what does this mean for the very few residents who have bought? Are they responsible for the maintenance fees of the entire bldg? Since it is bankrupt - will they lose their homes if creditors aren't paid? Wonder if available units will go up for rent or for foreclosure sale.

Sorry they went bust (hate to see anyone take a big loss) but glad we won't have to see tall towers blocking the lake (at least for now).

Of course this is all "heard it through the grapevine" kind of stuff but they have stopped plans on building more towers. Anyone know anything, the real deal, about the place or what happens to the residents if there are liens, etc.?

Texas999 · 12-22-2008, 05:38 PM

Latest I heard (still 2nd-hand info) is that they are close to refinancing and all creditors will be paid. Hard to believe, however. Personally, I think it's just another line to sucker in a few more unfortunate condo buyers.I too would like to know what happens to the residents in case of bankruptcy or foreclosure.

ShelbyGirl1 · 12-22-2008, 06:12 PM

I heard it all as well. Bankruptcy. If you ever look over there at night...very few lights on....although, at one point they said they had sold of the units. And as you mentioned...all building has stopped at all the other sites. I hated seeing that huge skyscrapper loom over ClearLake. Really ugly from the waters side. Not sure what will happen to the few residents that are there.

Texas999 · 12-22-2008, 08:14 PM

So how does one find out the actual truth about their financial situation?

texas7 · 12-23-2008, 04:12 PM

I don't know but I sure would want to know everything before considering purchasing that is for sure. I was also told they have had issues with the elevators - so a lot of stair climbing going on so perhaps they have worked those kinks out by now.

chris allen · 03-19-2009, 05:39 AM

does anyone know if any units are being rented out?

jfre81 · 07-11-2009, 05:24 AM

That thing sticks out like a sore thumb. You can even see it from Dickinson, from the top of the HS football stadium stands.

texas7 · 07-11-2009, 11:42 AM

yeah it looks awful - sort of takes away from the community feel to the area. It belongs elsewhere.

bigsis 1 · 01-21-2010, 11:32 PM

They were very careless when constructing...Karma!?

Tom M. Watson · 02-19-2012, 04:39 PM

Endeavour Clear Lake is alive and well. It was the developer who filed bankruptcy ...not the Endeavour Residents or the Endeavour Condominium Association. The developer owned 44 units at the time of the bankruptcy filing. There are 80 units in the building. In December 2009, the 44 units were purchased from the court and have been marketed during 2010 and 2011. The Endeavour is over 90% occupied and values of the units continue to increase. This is a higher occupancy rate that most Houston area condominiums. The property offers spectacular views of Clear Lake, the Boardwalk, South Shore Harbour, Nassau Bay and the NASA Complex.