HOUSTON | Development Thread II

[Wattleigh]

1550 On The Green

3/21 - c/o cityliving on HAIF





3/25 - c/o cityliving on HAIF

[Wattleigh]

MD Anderson SCRB 5

Project Name:
MD Anderson South Campus Research Building 5

Project Number:
TABS2023015937

Facility Name:
MD Anderson South Campus Research Building 5

Location Address:
1920 Old Spanish Trail
Houston, TX 77054

Location County:
Harris

Start Date:
9/15/2023

Completion Date:
8/19/2027

Estimated Cost:
$389,657,206

Type of Work:
New Construction

Type of Funds:
This project involves public funds, public land, or is a Federally funded roadway project.

Scope of Work:
Ground up new construction of 7 story office/research science building for MD Anderson Cancer Center. Cast in place concrete frame with steel framed penthouse, high rise construction with automatic fire protection sprinkler system.

Square Footage:
600,000 ft 2

Are the private funds provided by the tenant?
No

Current Status:
Project Registered

London House

c/o hindesky on HAIF

[Onward]

Originally Posted by Wattleigh

1550 On The Green

3/21 - c/o cityliving on HAIF





3/25 - c/o cityliving on HAIF

Thanks for the update on this, by far my favorite project going on in Houston. It blocks the very unattractive Embassy Suites perfectly. That building always stuck out while walking around Discovery Green and not in a good way.

[Dariusb]

Great photos Wattleigh!!

[Wattleigh]

BCM McNair Campus / Health Sciences Park

https://www.bcm.edu/about-us/leaders...-health-system

Health Sciences Park

This 440,000 square foot project will integrate medical education and research in a collaborative environment right next to patient care on the McNair Campus, allowing trainees to enhance their learning in the classroom by leveraging their experience in the lab and the clinic. Education space that facilitates conversation and small-group discussion and research space focused on data science and population health will augment new curriculum launching in 2023. Research centers on this campus will be dedicated to data intensive programs that support translational research and provide a foundation for data-driven training program. The first phase of Health Sciences Park, including an 11-floor tower and parking, is planned to open in 2025. This will open space on the current campus.

This month we are beginning the pre-construction work on the McNair Campus for the Health Sciences Park. This will result in relocating those parking in the surface lot adjacent to the Jamail Specialty Care Center to new parking locations. I recognize that this will be an inconvenience, but it is an important step in achieving our vision of creating the Health Sciences Park. Our parking team is working with faculty and staff to accommodate their parking needs. Initially, we are keeping part of the lot open to allow our patients adjacent parking. Going forward, we will provide valet parking to patients at the same rate as the self-parking rate.

[Wattleigh]

Originally Posted by Wattleigh

MD Anderson SCRB 5

Apparently I missed this other tower or just blanked on the location - it too will be on the UT Research Campus, just across the street from Helix Park...

UTHealth Houston Public Health Education & Research Building



From: https://www.utsystem.edu/sites/defau...l/2-2023AB.pdf

[currysteph]

Originally Posted by bilbao58

Paved roads predate cars by about 6000 years.

in case you havent noticed we're not living 6000 in the past

[bilbao58]

Originally Posted by currysteph

in case you havent noticed we're not living 6000 in the past

Bless your heart.

[Wattleigh]

Houston Center Redevelopment / The Highlight

https://www.houstonchronicle.com/bus...enter-17882001

Brookfield Properties' revitalization of downtown's Houston Center campus is finally complete

Brookfield Properties' revitalization of downtown's Houston Center campus is finally complete

A multiyear modernization at downtown’s Houston Center is complete and expected to attract new retailers to serve nearby workers and residents, according to owner Brookfield Properties.

Finishing touches on two buildings, the Highlight at Houston Center, a 196,000-square-foot retail complex at 1200 McKinney, formerly the Shops at Houston Center; and 3 Houston Center, a 51-story office building at 1301 McKinney, marks the end of a multimillion dollar project that began in 2019. Previous renovations were done at 2 and 4 Houston Center, as well as LyondellBasell Tower.

Transforming the 1970s- and 1980s-era buildings into a cohesive space for how people work today brought new plazas and gathering areas, reclad sky bridges, new facades, bright lobbies and upgraded meeting facilities and tenant amenities. Previous renovations consisted of a three-story glass facade at 2 Houston Center and updates to LyondellBasell Tower and 4 Houston Center.

The Highlight at Houston Center, formerly The Shops at Houston Center, features a renovated food court.

Shannon O'Hara / Brookfield Properties

Puttshack, a new anchor tenant at The Highlight in downtown Houston, will open on April 26.

Shannon O'Hara / Brookfield Properties

The Highlight at Houston Center, owned by Brookfield Properties, features a welcoming entry.

Shannon O'Hara / Brookfield Properties

Brookfield Properties has completed renovations at The Highlight at Houston Center, formerly The Shops at Houston Center.

Shannon O'Hara / Brookfield Properties

Federal American Grill will add a new restaurant option to Houston Center in summer of 2023, according to Brookfield Properties.

Brookfield Properties

[JManc]

^ It's still ugly and dated looking.

[Trae]

Originally Posted by Wattleigh

this last view is the best view because it blocks the ugly ass Embassy Suites. every time I see it annoys me because they butchered the original design which would look similar to the new Ashby Highrise resurrection.

I need to visit HAIF more often. so much construction happening in Houston once again

[Wattleigh]

Autry Park / Hanover Buffalo Bayou

Mat pour was yesterday

c/o cityliving on HAIF

[Wattleigh]

Galveston - Margaritaville Resort

http://www.mathisgroup.com/news-2/#Margaritaville

TMG+ is providing preconstruction and construction management on the new Margaritaville Resort in Galveston, Texas. The beachfront project will include a 314-guestroom tower, several restaurants and bars and an expansive water park. Gensler is providing the design.

The size/description of the resort matches previously mentioned plans for a hotel tower (or at least two hotel towers) on East Beach.

[currysteph]

Originally Posted by bilbao58

Bless your heart.

same to ya pal

[Wattleigh]

Modera Waugh

c/o hindesky on HAIF









Residences on Westheimer

c/o hindesky on HAIF

-Crane Assembly Friday







-Up on Sunday



London House

c/o hindesky on HAIF

[Wattleigh]

The Ion

Updates

https://www.bizjournals.com/houston/...Pos=2#cxrecs_s

The Ion approaches leasing milestone with spate of new tenants

By Jeff Jeffrey – Senior reporter, Houston Business Journal
Apr 24, 2023

The Ion District, Houston’s innovation hub at 4201 Main St. in Midtown, is quickly approaching 100% leased status. Ten new tenants have recently signed on to lease space in the Ion, accounting for a combined 35,000 square feet in the 266,000-square-foot building.

With the new leases, the Ion is now 86% leased.

Additionally, construction crews are currently working on building a new lab at the Ion. Rice University’s Nexus Lab will be designed for prototyping and scaling-up technologies, according to a news release.

The new tenants include:

-Carbon Clean, a carbon capture company that opened its new Houston headquarters in response to a 64% leap in inquiries following the passage of the Inflation Reduction Act last year.

-Cognite, a Norwegian software company for asset-heavy industries that uses industrial data to benefit customers.

-OpenStax, a nonprofit tech company publishing open-licensed college textbooks.

-Synopic, a startup building depth-enabled cameras to improve visualization and decision making during medical procedures

-Motif Neurotech, a medical equipment manufacturing startup working to develop minimally invasive electronic solutions for mental health.

-RedSwan CRE, a crowdfunding-style investment platform and marketplace of tokenized commercial real estate

-Nauticus Robotics (Nasdaq: KITT), which has created a sustainable fleet of marine robotics.

-Rice University’s Office of Innovation, which is designed to commercialize Rice-developed research and technology in part by being close to organizations that can use it.

The growth here meshes with an account from HAIF member CREguy13 last week.

I'm in the Common Desk here and we received an email last week about switching all tenant parking over to the garage in May. There's been more movement and chatter lately on the District... I'd put money on plans for Phase II being released in the coming months with a near-term timeline for construction to start.

This area can't truly take off until the next phase gets underway. Berkadia's Q4 2022 report shows the visitor lot across from the plaza as proposed MF. My guess is that would be the first out of the ground, it alone would really help catalyze the area.

For reference, a look at the development's phases c/o InTheKnowHouston on HAIF as of last September.

[Wattleigh]

https://www.houstonchronicle.com/news/houston-texas/health/article/harris-health-approves-bond-proposal-build-new-17920345.php

Harris Health unanimously approves $2.5B bond proposal to build new LBJ hospital, upgrade system

The new hospital would become the county's third Level I adult trauma center and expand the number of inpatient beds from 215 to 390, with room to add another 60.

Julian Gill,
Staff writer
April 27, 2023
Updated: April 27, 2023 5:57 p.m.

Harris Health board members on Thursday unanimously agreed to move forward with a $2.5 billion bond proposal to build a new Lyndon B. Johnson Hospital and make what they say are sorely needed upgrades throughout the county’s public health care system, which treats the region’s poor and uninsured.

The board next will seek approval from Harris County commissioners, who will have the final say on the bond amount and whether the proposal will be placed on the November ballot. The proposed bond would finance the project over 10 years, with an additional $300 million in county funds and $100 million in grants and philanthropy.

[llamaorama]

That's going to be good for NE Houston, in terms of more daytime employment and people movement on top of the obvious public health needs. Also would be cool if they really do build a 12 story tower and a medical office building. Hopefully the bond passes.

[The Best Forumer]

Originally Posted by llamaorama

That's going to be good for NE Houston, in terms of more daytime employment and people movement on top of the obvious public health needs. Also would be cool if they really do build a 12 story tower and a medical office building. Hopefully the bond passes.

Agreed.

[Wattleigh]

The Beverly



https://www.bizjournals.com/houston/...Pos=3#cxrecs_s

GT Leach, Rama Cos. partner to build luxe Tanglewood-area condo building

By Jeff Jeffrey – Senior reporter, Houston Business Journal
May 5, 2023

GT Leach Constructors founder and President Gary Leach is for the first time preparing to break ground on a project in which he is personally invested as a partner.

Leach has teamed up with Rama Cos., a Houston-based development firm led by brothers Amir Taghdisi and Alan Taghdisi, to build a new boutique condominium project at 5010 Longmont Drive, in the northern Uptown/Tanglewood area.

The project they plan to build is The Beverly, a six-unit condo midrise that Leach and the Taghdisis hope will bring a new type of unit to the Houston market. Rather than putting multiple condos on each floor, each unit will take up an entire floor.

While Leach has built projects in the past where he had a small financial interest, he confirmed that this is the first time he has gone in on a project as a 50% partner.

Leach told the Houston Business Journal that he was attracted to The Beverly project because of its unique location.

"The site is so special due to its unrestricted reserve status," Leach said. "The other thing that attracted me to the project was my friendship with Amir and Alan."

Amir Taghdisi said the idea for The Beverly was to maximize the amount of space and privacy available to each unit.

“A key driving factor of this approach was to ensure each unit had the same incredible view,” Amir Taghdisi said. “Often, you’ll see condo buildings where only one side of the building has great views because the floor plates are all chopped up. But here, each unit will be able to look out over Memorial Park and the Post Oak skyline.”