HOUSTON | Development Thread II - Page 487

photoLith · #**9721** Posted **Jul 5, 2016, 7:41 PM**

Quote:

Originally Posted by Urbannizer

Court of appeals rules in favor of Ashby high-rise developers

Jeez, that only took 6 years...

weatherguru18 · #**9722** Posted **Jul 6, 2016, 11:48 AM**

What are the chances that Ashby will come to fruition? Are the developers actively pursuing this project or did they give up on it but continue to troll the neighbors for being such a-holes about the whole thing?

Urbannizer · #**9723** Posted **Jul 6, 2016, 2:17 PM**

Quote:

Originally Posted by weatherguru18

What are the chances that Ashby will come to fruition? Are the developers actively pursuing this project or did they give up on it but continue to troll the neighbors for being such a-holes about the whole thing?

Back in March the developers said they still plan to move forward but have not yet selected a general contractor.

Urbannizer · #**9724** Posted **Jul 6, 2016, 3:02 PM**

Exclusive: Houston developer to restart stalled luxury condo project

Quote:

A luxury condominium project in Montrose — stalled at the start of the oil slump by a lack of financing — is expected to break ground in August.

Ron Lozoff, a longtime Houston condo developer, broker and consultant, announced his Topaz Villas project in June 2014, just before oil prices began to plummet. The six-story, 15-unit upscale condo building is proposed for a half-acre site at 4520 Yoakum Blvd., just south of Richmond Avenue and one block west of Montrose Boulevard near the University of St. Thomas.

Urbannizer · #**9725** Posted **Jul 7, 2016, 7:33 PM**

Aurora; 3615 Montrose axed due to poor sales.

https://www.bisnow.com/houston/news/...y-condos-62388

Quote:

Aurora, a 16-story, 40-unit condo project, has been shelved by its developer, Sims Luxury Builders. Sims was not able to meet the construction lender's pre-sale requirements, reports the Houston Business Journal.

http://www.bizjournals.com/houston/m...plans-for.html

Quote:

Riverway Properties ended up selling 12 units out of the 34 — just shy of the 50 percent threshold required by its lenders to break ground on the project.

Monarch · #**9726** Posted **Jul 7, 2016, 8:06 PM**

^^^ some of these developers need to become a bit more patient with some of these proposed projects that they are anticipating shelving. the houston area economic turnaround is on its way.....

Ant131531 · #**9727** Posted **Jul 7, 2016, 8:08 PM**

Quote:

Originally Posted by Monarch

^^^ some of these developers need to become a bit more patient with some of these proposed projects that they are anticipating shelving. the houston area economic turnaround is on its way.....

Shelving doesn't mean they've completely dumped the project permanently. It's like putting a book on a shelf. You can always grab it again if you need to. A lot of these projects currently getting shelved in Houston, you may see again in a few years as the market rebounds.

JManc · #**9728** Posted **Jul 7, 2016, 9:46 PM**

Quote:

Originally Posted by Monarch

^^^ some of these developers need to become a bit more patient with some of these proposed projects that they are anticipating shelving. the houston area economic turnaround is on its way.....

Not anytime soon. It's still pretty bad and will remain so for a while.

Urbannizer · #**9729** Posted **Jul 9, 2016, 5:25 AM**

Carter and Southmore in The Museum District:

7/1

http://www.houstonarchitecture.com/h...comment=535148

Urbannizer · #**9730** Posted **Jul 9, 2016, 4:18 PM**

Holiday Inn Express, Staybridge Suites to rise in the Galleria

Quote:

A dual-branded Holiday Inn Express and Staybridge Suites is coming to Houston's Galleria area, a spokesperson for U.K.-based Intercontinental Hotels Group (NYSE: IHG) told the Houston Business Journal. The brand's franchise agreement was signed in May 2015, the spokesperson said.

Houston-based American Liberty Hospitality Inc. is the franchisee and will develop the hotel, but declined to comment on a timeline or specific location. A rendering of the hotel can be seen on American Liberty Hospitality's website. American Liberty Hospitality just wrapped up another dual-branded hotel in Houston – the 300-room Hampton Inn and Homewood Suites by Hilton, which opened in March.

Urbannizer · #**9731** Posted **Jul 11, 2016, 9:47 PM**

Alexan Yale

Alexan Yale by Marc longoria, on Flickr

Alexan Yale by Marc longoria, on Flickr

1111 Durham

Center/Durham HTX - 7/1/2016 by Matthew Wilkins, on Flickr

Urbannizer · #**9732** Posted **Jul 11, 2016, 10:36 PM**

Mayor Turner vows to bring amusement park to Houston

Quote:

In a recent informal lunch with members of the media as he approached six months in office, Mayor Sylvester Turner ticked off the important things his administration has accomplished — unanimous passage of a balanced budget, pothole repairs — and issues he plans to tackle — the pension mess, the Kush problem in city parks, serious street repair projects, job development.

But what really got the mayor excited is the idea of a major amusement park within the city limits of Houston. "If we want to be that destination city in terms of conferences and tourism, we have to have that component in this city," he said.

Turner said the park would have to be located in Houston and not in a suburb.

"I'm not talking about in Katy or Tomball or Spring or Pearland," he said. "I'm talking about within the 640 square miles of the city of Houston. That's something we are missing and we are putting out in the atmosphere. Hopefully there will be major investors who are looking within the 640 square miles. You can't be the fourth largest city, soon to be the third, and not have that added component. So we are taking a very hard look at finding that sort of amusement center."

Urbannizer · #**9733** Posted **Jul 12, 2016, 12:59 AM**

Two apartment projects proposed by Farb Homes.

http://firstrumor.com/farb/apartment-homes/

The Bowery on Montrose - 10 stories, 2409 Montrose St.

City Place Memorial Park - 2 buildings (5 stories each), 160 Birdsall St.

TexasBoi · #**9734** Posted **Jul 12, 2016, 1:56 AM**

Does that first apartment going up in Montrose have retail as a component? Seems it would be perfect for it on there. no? Especially on a road that I assume is heavily traversed in a popular neighborhood.

The Best Forumer · #**9735** Posted **Jul 12, 2016, 9:17 PM**

Quote:

Originally Posted by Urbannizer

Mayor Turner vows to bring amusement park to Houston

This is the most exciting news in years!

There is plenty of land inside the loop... just east of downtown... and that huge parcel of land where KBR used to be... on Clinton... perfect.

Or somewhere else in EADO. Or on Almeda...

Urbannizer · #**9736** Posted **Jul 12, 2016, 10:44 PM**

Quote:

Originally Posted by TexasBoi

Does that first apartment going up in Montrose have retail as a component? Seems it would be perfect for it on there. no? Especially on a road that I assume is heavily traversed in a popular neighborhood.

No GFR surprisingly. Great location for it I agree, and with retail doing so well right now I don't see why not.

Urbannizer · #**9737** Posted **Jul 12, 2016, 10:53 PM**

PMRG's 3300 Main high-rise in Midtown moving forward!

Asbestos-Laden Mod Code Enforcement Office Now Getting Swapped for Mixed Use Highrise on Main St.

Quote:

THE 1967 OCCUPANT of 3300 Main St., which previously housed the city code enforcement office, is currently getting its asbestos removed in anticipation of its impending demolition, according to a reader involved in the work. The structure and its parking lot grounds were bought from the city in 2011 by the Midtown Redevelopment Authority, who later sold it to PM Realty (the developers of the glass-petticoated apartment tower at 2929 Weslayan, who are also currently working on the less-is-more-branded Ivy Lofts tiny condo complex in East Downtown).

What’s going to take the code building’s place, between the new MATCH box theater collection and the Houston Community College buildings to the north on Main St.? The involved reader confirms that the rendering below shows the current design in place along the light rail line; materials from co-investor AECOM say the highrise should hold 336 apartments and 14,390 sq.ft. of retail space.

The reader says construction should start in September after demolition wraps up.

Reverberation · #**9738** Posted **Jul 13, 2016, 2:12 AM**

^^^^

www.tumblr.com

Urbannizer · #**9739** Posted **Jul 13, 2016, 3:18 PM**

Atlanta developer teams up with Italian furniture maker for second Houston condo project

Quote:

An Atlanta developer has partnered with a high-end Italian designer to build its second luxury condominium project in Houston.

Stolz Partners LLC, in collaboration with furniture maker Giorgetti, are planning to develop Giorgetti Houston, a luxury condo project in Upper Kirby.

The seven-story, 32-unit project will sit on a little less than an acre at the northeast corner of Steel Street and Virginia Avenue, just south of the West Ave mixed-use development. Stolz Partners is currently under contract for the land, which was the former site of the Kirby Court apartments.

Stolz Partners plans to open an on-site sales center in mid-September and will break ground on the project after preselling half of the units. Houston-based Sudhoff Cos. is marketing the project. The general contractor and engineering teams are yet to be determined.

Urbannizer · #**9740** Posted **Jul 13, 2016, 3:51 PM**

Houston retail surges with strongest absorption in nearly a decade

Quote:

Thanks to a healthy pipeline of mixed-use developments and hungry grocery developers, Houston's retail industry posted some of the highest absorption numbers in nearly a decade, according to a recent CBRE report.

Houston absorbed roughly 1.5 million square feet during the second quarter of 2016, which is the best net absorption for Houston retail since 2007, according to the report. The greater Houston retail market's occupancy is 94.2 percent and the Class A retail market has even higher occupancy rates, according to the report.