Wolf Capital launches redevelopment of Heights retail building
Wolf Capital Partners purchased a 10,625-square-foot building in the Heights with plans to redevelop it for retail tenants.
Founded by Zach Wolf in late 2019, Wolf Capital purchased the building at 742 E. 20th from Geraldine Akin. The building, which sits at the juncture of North Main, Studewood and East 20th streets, was the site of Akin's Pharmacy for decades.
"My goal is always to pursue well located opportunities with a value-add component," Wolf said in an email. "My philosophy has always been to work with local tenants to bring great concepts to the surrounding neighborhoods."
Studewood Barber Shop, a tenant for 20 years, recently extended its lease, according to Wolf. The building has an upstairs office with 1,890 square feet and other available spaces from 1,111 square feet to 3,945 square feet.
Akin's Pharmacy was expanded over the years by E.P. and Thelma Akin, Geraldine Akin's in-laws, who operated the pharmacy from 1942 to 1974. It operated under different ownership until the mid 1980s. The center previously housed restaurant and more recently a print shop.
"I'm glad they're keeping it. There's a lot of history there," Akin said.
Wolf, who has been canvassing Houston for “diamonds in the rough" during the COVID slowdown, also plans to redevelop a restaurant building with drive-thru at 5013 N. Shepherd.
Construction at 742 E. 20th is expected to be completed within four months, according to Wolf.