The old warehouse, 2205 McKinney, is approximately 80 years old. It was formerly used by Herrin Moving and Storage, but it has been vacant in recent years. The redevelopment group is led by Gordon Jumonville and Duncan Shantz, who have developed other downtown residential projects.

Prices for the residential units will range from $157,000 to approximately $400,0000. The Herrin will be within walking distance of Enron Field, a new retractable roof stadium where the Houston Astros baseball team began playing this year.

The baseball stadium has encouraged a great deal of land speculation and multifamily residential development. A number of the old commercial buildings near the stadium have been given new life as loft apartments. The trend fits with a desire by homebuyers to move close to Downtown to avoid long commutes from the suburbs and to be close to urban nightlife and cultural events. Most of the new urban dwellers have been young single professionals and empty-nester couples with no children.