HOUSTON | Development Thread II - Page 424

Clev · #**8461** Posted **Feb 17, 2015, 1:52 AM**

I love the number of balconies on the Block 114 project.

HoustonHorns · #**8462** Posted **Feb 17, 2015, 3:04 AM**

Quote:

Originally Posted by Urbannizer

Block 114 by Marquette Companies

Great Southwest Building Redevelopment by Todd Interest

I think that the Marquette building's glass will look good next to Minute Maid Park. I'm not sure what material they're using on the base, but I hope it comes out alright. The condos next to the Great Southwest Building really match well. I wonder what the starting prices will be for those.

toxteth o'grady · #**8463** Posted **Feb 17, 2015, 5:06 AM**

So is Marquette now planning two highrises downtown?

toxteth o'grady · #**8464** Posted **Feb 17, 2015, 5:33 AM**

Bay Area Regional Medical Center in Webster is about to get taller. Four floors on top of the existing five, for a total of nine.

Webster hospital to expand

HoustonHorns · #**8465** Posted **Feb 17, 2015, 6:51 PM**

Quote:

Originally Posted by toxteth o'grady

So is Marquette now planning two highrises downtown?

Yes.

Urbannizer · #**8466** Posted **Feb 17, 2015, 9:25 PM**

Wihall Condos on Garrettson Lane (just behind Astoria) are being demolished. Word is that JLB Partners owns the site and will build a multi-family complex there.

http://swamplot.com/has-everyone-cle...oo/2014-09-10/

By houstontexasjack on HAIF

TexasPlaya · #**8467** Posted **Feb 17, 2015, 10:52 PM**

Quote:

Originally Posted by Urbannizer

Wihall Condos on Garrettson Lane (just behind Astoria) are being demolished. Word is that JLB Partners owns the site and will build a multi-family complex there.

http://swamplot.com/has-everyone-cle...oo/2014-09-10/

By houstontexasjack on HAIF

Good news, more density along Post Oak as it will go from 30 condos to probably ~250 units.

TexasPlaya · #**8468** Posted **Feb 17, 2015, 10:54 PM**

Quote:

Originally Posted by Urbannizer

Block 114 by Marquette Companies

Great Southwest Building Redevelopment by Todd Interest

Glad the 5000 downtown initiative is about maxed out, I wonder what time period these units will be coming online. It seems like they will be built in chunks, especially given oil prices, but do you or anyone know how long they have until they need to breakdown? Will we be seeing some of these building using the initiative breaking ground in 2017?

The Best Forumer · #**8469** Posted **Feb 18, 2015, 8:40 AM**

What do you mean? Is there or will there be more thank one DLI?

Urbannizer · #**8470** Posted **Feb 18, 2015, 5:10 PM**

Kings Creek: New renderings of the $1.2 Billion development for Kingwood.

http://www.kingscreekdevelopment.com/

The development will feature:

3 multi-family mid-rise buildings
4 condo towers
4 office buildings
2 hotels
retail

toxteth o'grady · #**8471** Posted **Feb 18, 2015, 6:54 PM**

So they're building the Lofts first? And who's financing the project?

toxteth o'grady · #**8472** Posted **Feb 18, 2015, 6:56 PM**

Quote:

Originally Posted by The Best Forumer

What do you mean? Is there or will there be more thank one DLI?

I was under the impression the DLI was going to support 15,000 units. That part is getting close to maxed out.

There really is room for a separate DLI to bring retail downtown. 15,000 residential units will support the traffic for that, as will the residential going up in Midtown and east of 59.

H-town_Rep · #**8473** Posted **Feb 18, 2015, 7:08 PM**

I'm a numbers guy and it is not crazy to buikld buildings where there is an economic core. The Woodlands is a prime example but the Woodlands is not the second largest city in the metro. It is Pasedena with over a 150,000 residents but unlike the Woodlands and Sugarland, it is not a principle city.

HoustonHorns · #**8474** Posted **Feb 18, 2015, 7:41 PM**

Quote:

Originally Posted by toxteth o'grady

I was under the impression the DLI was going to support 15,000 units. That part is getting close to maxed out.

There really is room for a separate DLI to bring retail downtown. 15,000 residential units will support the traffic for that, as will the residential going up in Midtown and east of 59.

The DLI is only going to support 5,000 units and there are only 45 units left. Also, retail is required to receive the incentive, so all of these new units will have at least some retail. If all of these proposed projects get built, downtown will have a population close to 8,000.

I know that the developers have to complete their project in a certain time range to keep the incentive, so they can't keep sitting around for too long.

Urbannizer · #**8475** Posted **Feb 19, 2015, 1:40 AM**

http://www.bizjournals.com/houston/m...ury-condo.html

Quote:

Originally Posted by HBJ

Developer envisions Montrose condominiums as 'art piece'

Riverway Properties has begun pre-sales at 3615 Montrose, the company's first boutique condominium project in the city.

The Houston-based developer, which has primarily built single-family luxury homes, opened a sales center for its midrise condo project on Feb. 18. The seven-story, 34-unit condo is planned for the former site of The River Cafe on the northeast corner of Montrose Boulevard and Marshall Street, a block away from the University of St. Thomas campus in Montrose.

"We love this neighborhood," said Michael Carroll, Riverway's president. "It's a neighborhood always at the cutting edge of design and experimentation. We wanted to build something that reflected this surrounding."

Riverway plans to break ground on 3615 Montrose in spring 2016, after selling about half of the units, Carroll said. Despite falling oil prices, Riverway plans to move ahead with its project, spurred by the success of other luxury condominium projects like Interfin Cos.' Belfiore and Randall Davis Cos.' Astoria.

toxteth o'grady · #**8476** Posted **Feb 19, 2015, 4:31 AM**

They want "art pieces" in the Montrose, they can bring the Funnel Tunnel back from New Orleans.

vjhe · #**8477** Posted **Feb 19, 2015, 12:53 PM**

Wait, is the funnel tunnel gone permanently?

The Best Forumer · #**8478** Posted **Feb 19, 2015, 3:03 PM**

Quote:

Originally Posted by HoustonHorns

The DLI is only going to support 5,000 units and there are only 45 units left. Also, retail is required to receive the incentive, so all of these new units will have at least some retail. If all of these proposed projects get built, downtown will have a population close to 8,000.

I know that the developers have to complete their project in a certain time range to keep the incentive, so they can't keep sitting around for too long.

Interesting. I wonder what percentage of those retail businesses will fail in the first 3 years... 33%?

Houston1836 · #**8479** Posted **Feb 19, 2015, 6:08 PM**

Could a Central Park be in The Energy Corridor’s Future?

http://www.energycorridor.org//newsl.../february-2015

toxteth o'grady · #**8480** Posted **Feb 19, 2015, 6:22 PM**

Quote:

Originally Posted by vjhe

Wait, is the funnel tunnel gone permanently?

The description in Swamplot seems to suggest it has decamped to New Orleans indefinitely; at the same time, Houston kicked in $10,000 to get it assembled originally, so I would assume they have some rights to it. We'll let the lawyers figure it all out when the time comes. Remember, the Byzantine frescoes had to be returned to their rightful owner.