HOUSTON | Development Thread II - Page 398

Urbannizer · #**7941** Posted **Oct 30, 2014, 3:44 AM**

Quote:

Originally Posted by Houston Chronicle

Flashy projects rise near ballpark

The newest, a 28-story luxury apartment tower on Texas Avenue between Austin and LaBranch, will have floor-to-ceiling windows, an infinity-edged swimming pool and a private club room with views of home plate.

Chicago-based Marquette Cos., is planning to break ground on the building - which will be called Catalyst - on Wednesday.

"Houston is experiencing urbanism for the first time," said Darren Sloniger, president of the company, which is developing the project in partnership with Hunt Cos. of El Paso and affiliates of Los Angeles-based Ares Management.

Sloniger said Houston reminds him of Chicago 15 or 20 years ago before there was a thriving urban core of housing, shops, restaurants and offices in a walkable environment.

"When you look anywhere in the United States, downtown Houston is one of the best opportunities that exists today," he said.

Houston's urban center began to see a flurry of development activity when the economy and real estate market started to recover from the latest downturn and the city launched a tax incentive program designed to lure more residential builders downtown.

Full Article: http://www.houstonchronicle.com/busi...fe02eaf1bd0534

Clev · #**7942** Posted **Oct 30, 2014, 3:59 AM**

I really like this building. The whole area around the ballpark will be totally transformed once all these projects get built.

The Best Forumer · #**7943** Posted **Oct 30, 2014, 5:00 PM**

Quote:

Originally Posted by toxteth o'grady

Yet more evidence the demand for office space continues: newly opened office of UK company looks for 20,000 sf of space:

Newly launched London energy company to open Houston office

"...Xodus Subsea is currently working with CresaPartners LLC to find about 20,000 square feet of office space in the Energy Corridor within the next few months to serve as the North American headquarters for the new company, said Matt Kirk, Xodus Subsea's managing director..."

I am sure there is space somewhere in downtown as opposed to locating their offices in the suburbs.

toxteth o'grady · #**7944** Posted **Oct 30, 2014, 5:27 PM**

I've been seeing announcements Downtown. However this company opted for Westchase:

Engineering company moves U.S. HQ to Houston

Meanwhile, demand for Downtown office space by foreign investors continues to be hot: 1000 Main is expected to sell for $526/sf - which would be a record.

Houston’s real estate market continues to attract foreign investors

HoustonHorns · #**7945** Posted **Nov 1, 2014, 9:10 PM**

Here are some pictures from mlyounge83 on Haif.

609 Main:

1111 Travis:

toxteth o'grady · #**7946** Posted **Nov 2, 2014, 1:35 AM**

AmREIT, which spurned an offer from Regency Centers, then announced a massive program of new construction for Uptown Park, has agreed to be sold to Edens Investment Trust for $26.55 a share. This could mean a change of plans...

Uptown Park owner to be acquired in $763M deal

toxteth o'grady · #**7947** Posted **Nov 2, 2014, 1:38 AM**

If anyone thought things had slowed down on the Phillips 66 campus, there's a reason - Gilbane has been brought in to finish the project.

Phillips 66 switches contractors on new Houston campus

toxteth o'grady · #**7948** Posted **Nov 3, 2014, 5:44 PM**

With occupancy at 91%, Houston apartments are getting expensive. More expensive than - Portland (!)

A spike in rent squeezes many Houstonians to the fringes

dgpatel · #**7949** Posted **Nov 3, 2014, 7:08 PM**

Quote:

Originally Posted by toxteth o'grady

If anyone thought things had slowed down on the Phillips 66 campus, there's a reason - Gilbane has been brought in to finish the project.

Phillips 66 switches contractors on new Houston campus

Hah the picture in the article is COP's HQ, not Phillips66

toxteth o'grady · #**7950** Posted **Nov 3, 2014, 9:13 PM**

I believe that's Phillips 66. CoP is in Energy Centers III and IV.

Urbannizer · #**7951** Posted **Nov 4, 2014, 3:48 PM**

http://blog.chron.com/primeproperty/...r-uptown-park/

Quote:

Originally Posted by Chron

AmREIT updates development plans for Uptown Projects

AmREIT, the Houston-based real estate firm that recently announced a deal to be acquired by Edens Investment Trust reported third-quarter financial results Thursday, along with updates on the company’s redevelopment initiatives planned for the Galleria area.

The redevelopment projects include:

The Palazzi at Uptown Park: A 16-story, 238-unit apartment building on 1.1 acres at the northwest portion of the Uptown Park property. The building would have 14,000 square feet of ground level-retail space. The total project cost, including land, is estimated at $134 million, and construction is expected to start in the second half of next year.

1670 Post Oak: An agreement with Lynd Development to build a 40-story, 350-unit high-rise multifamily building above ground-floor retail. AmREIT would retain ownership of the land, 1.58 acres at the northwest corner of San Felipe and Post Oak Boulevard now known as the Courtyard at Post Oak. It would lease the land to the Lynd venture and also own an interest in the retail, parking garage and multi-family portion. The project cost is estimated at $146 million, and construction could begin within the next year.

800 Post Oak: AmREIT owns a 20.3 percent interest in the Inverness Townhomes and has entered into an agreement with Trammell Crow Co. to develop 591,000 square feet of office space and 19,000 square feet of retail space with parking. The site is about 2.9 acres and is located at the northwest corner of Post Oak Boulevard and Uptown Park Boulevard. Trammell Crow’s longtime partner, Principal Financial Group, will be a key investor. The more than $280 million project could begin within the next 15 months.

The Tower at Uptown Park: AmREIT is in negotiations with a four-story hotel flag and development partner for a mixed-use project on the southeast corner of Uptown Park, located at the corner of Loop 610 and Post Oak Boulevard. The plan involves a 37-story building with 310 hotel rooms, 236 apartments and 18,000 square feet of retail space. Total project costs are estimated at $200 million. Construction could begin within the next 15 months.

toxteth o'grady · #**7952** Posted **Nov 4, 2014, 3:50 PM**

How does this compare with the development schedule prior to the acquisition?

Urbannizer · #**7953** Posted **Nov 5, 2014, 3:57 AM**

Crest at Fondren: New Renderings

The Carter: Hi-res renderings

Gray + Houston: Hi-res renderings of this mystery project.

Urbannizer · #**7954** Posted **Nov 5, 2014, 4:56 AM**

3003 Louisiana: New rendering of the office building that's replacing Van Loc in Midtown.

Website: http://www.3003louisiana.com/

TexasPlaya · #**7955** Posted **Nov 5, 2014, 6:36 AM**

Wow, nice renderings all around. Hopefully we see more apartments along Westheimer like the Crest of Fondren.

Clev · #**7956** Posted **Nov 5, 2014, 7:42 AM**

I love that midtown office tower.

toxteth o'grady · #**7957** Posted **Nov 5, 2014, 7:10 PM**

3003 Louisiana looks like it is 9 floors atop 7 levels of parking.

Who is the developer of the Gray and are there any hints as to when?

toxteth o'grady · #**7958** Posted **Nov 5, 2014, 7:12 PM**

Quote:

Originally Posted by TexasPlaya

Wow, nice renderings all around. Hopefully we see more apartments along Westheimer like the Crest of Fondren.

Needs more cowbell.

toxteth o'grady · #**7959** Posted **Nov 5, 2014, 7:24 PM**

Swamplot is reporting that the St. Honore development has changed from this:

To this:

Call it Cadogan Place; it looks like it's getting built Vienna, VA.

Fancy San Felipe Townhome Project Downsizes from French to English

AviationGuy · #**7960** Posted **Nov 5, 2014, 8:12 PM**

Quote:

Originally Posted by TexasPlaya

Wow, nice renderings all around. Hopefully we see more apartments along Westheimer like the Crest of Fondren.

In looking at Streetview, I see that this stretch of Westheimer has many palm trees. I hope with all the new development that these trees are preserved.