HOUSTON | Development Thread II

[Metro Matt]

Originally Posted by photoLith

Metro Matt, you realize that most posters on SSP are liberal right? Anyways, does anyone know when that tower in Kingwood is going to be built and what the chances of it getting built are?

Matters not.

Take your political crap somewhere else, not here.

[Metro Matt]

Originally Posted by vjhe

Yet you show up here to state you reported something that happened four days ago, and something they have clearly moved on from? Man, get outta here.

You would make a good CD candidate.

I/We strive to keep a certain level of professionalism around here which obviously you have yet to acquire after 14 years on this forum.

There is NO room for ANY kind of political rants here. You more, than anyone should automatically know that. Keep your Rick Perry comments to yourself.

Thanks

[glowrock]

Any chance we can all grow the hell up a little around here? Keep this to development discussions, please. Keep the political bullshit out of here!

Thank you.

Aaron (Glowrock)

[JManc]

Originally Posted by JManc

We all have our political opinions but this thread is not the place to air them.

Let me quote this just to make sure to I make my point clear on this issue...

[Soignies Forest]

I agree with the four previous posts. Now does anyone know what the status of the block 98 tower or the Alexan downtown apts is? Ground breaking is suppose to occur in the 2nd quarter. That ends when July rolls around.

[Urbannizer]

http://www.bizjournals.com/houston/m...ct-in-the.html

Originally Posted by HBJ

Plans point to new condominium project in The Woodlands

The Woodlands Development Co. could add a new condominium project in the future.
The Houston-area developer, a wholly owned subsidiary of Dallas-based The Howard Hughes Corp. (NYSE: HHC), submitted a new general plan to the city of Houston for its East Shore neighborhood. The 271-acre garden-themed residential enclave is located between The Woodlands Town Center and Lake Woodlands.

The new general plan for East Shore— the first revision since 2006 — calls for a new condominium project on nearly 1.3 acres on the northwest corner of Grogan’s Mill Road and High Timbers Drive. The wooded, undeveloped site is located next to a Woodlands Fire Department station and is across the street from the Boardwalk at Town Center luxury apartments.

[Urbannizer]

Full Article: http://www.bizjournals.com/houston/n...r-buffalo.html

Originally Posted by HBJ

City sells prime piece of real estate near Buffalo Bayou to Phoenix multifamily developer


A Phoenix-based multifamily developer has closed on a prime piece of city-owned land near Buffalo Bayou Park for a new luxury apartment project.
Alliance Residential Co. purchased a 10.5-acre parcel — located at Gillette and West Dallas streets, just south of Allen Parkway — from the city of Houston for $39.9 million. The transaction closed April 27.

At closing time, Alliance executed a back-to-back transaction, selling the northern 6 acres fronting Allen Parkway to a private investor, whose identity was not disclosed. Alliance has retained the southern 4.5 acres to develop a new Broadstone-branded luxury apartment project.

Alliance plans to break ground on Broadstone Tinsley Park, a four-story, 395-unit apartment project, later this year in spite of the oil slump.

[Urbannizer]

^ Update: http://www.bizjournals.com/houston/m...ents-near.html

[Double L]

That'll be nice.

[Urbannizer]

http://www.bizjournals.com/houston/n...nd-in-the.html

Originally Posted by HBJ

Luxury apartment tower breaks ground in the Galleria area

A Dallas-based multifamily developer has broken ground on the second phase of a $100 million apartment project under construction in the Galleria area.

Streetlights Residential broke ground last year on a luxury apartment project on 11.2 acres at Westheimer Road and Mid Lane Street, between Highland Village and the River Oaks District, an ultra-luxury retail center being developed by San Diego-based OliverMcMillan.

The developer broke ground last month on the project’s second phase. Azalea Court, a 17-story, 301-unit apartment tower, is expected to begin vertical construction in the next month or so. Construction is expected to take 20 months to complete.

[Urbannizer]

Full Article: http://www.bizjournals.com/houston/n...plex-near.html

Originally Posted by HBJ

Exclusive: Big plans ahead for massive apartment complex near Houston’s Hobby Airport

A group of out-of-town real estate investors has purchased a 2,470-unit apartment complex near Hobby Airport with the long-term vision to turn part of the massive property into a mixed-use development featuring Houston’s first automated parking garage.

Chicago parking entrepreneur Jesse Levine represents a group of undisclosed investors who purchased Broadway Square Apartments, located on approximately 69 acres at 8751 Broadway St. less than a mile from Hobby Airport.

However — when the market conditions are right in the next decade or so — the investors could transform the southern portion of the 80 acres closest to the airport into a mixed-use development featuring Houston’s first automated parking garage, Levine said. The investors plan to keep a multifamily component to the property, Levine added.

[toxteth o'grady]

However — when the market conditions are right

Famous last words.

I'm feeling a little better about the Kirby Collection actually getting out of the ground, now that it has shown up on HBJ's list of building permits. Offices and retail piece are apparently the first elements.

[Urbannizer]

http://blog.chron.com/primeproperty/...y-in-montrose/

Originally Posted by Chron

Midrise to be built along SW Freeway in Montrose

Light Hill Partners has assembled three properties in Montrose to build a midrise apartment building.

The sites amount to 21,303 square feet and include 4545, 4509 and 4503 Mount Vernon. The property sits alongside the Southwest Freeway just west of Montrose.

Light Hill Partners is a Houston-based company involved in developing and remodeling multifamily and single-family properties.

[toxteth o'grady]

Solvay Chemicals is knocking down 52,000 sf of space in 3737 Buffalo Speedway. Then knocking down their old digs for a boutique hotel...

Greenway Plaza-area tower underway is leasing up

[rellott]

[IMG]20150608_110704 by Rell Ott, on Flickr[/IMG]

[IMG]20150608_110913 by Rell Ott, on Flickr[/IMG]

[IMG]20150608_110916 by Rell Ott, on Flickr[/IMG]

[IMG]2015-06-14_10-36-00 by Rell Ott, on Flickr[/IMG]

[IMG]2015-06-14_10-32-57 by Rell Ott, on Flickr[/IMG]

[IMG]2015-06-14_10-31-20 by Rell Ott, on Flickr[/IMG]

[IMG]2015-06-14_10-30-33 by Rell Ott, on Flickr[/IMG]

[IMG]2015-06-14_10-28-45 by Rell Ott, on Flickr[/IMG]

[toxteth o'grady]

Bust? What bust? Bloomberg can't find it...

Even the Oil Rout Can't Stop Houston's Economic Boom

[Urbannizer]

http://www.houstonchronicle.com/busi...#photo-8161660

Originally Posted by Houston Chronicle

Downtown retail plan attracts potential developers

A half dozen groups interested in improving downtown Houston's retail options submitted initial proposals to redevelop the former Sakowitz department store building on Main Street, officials said Tuesday.

The responses from the six groups, which the authority declined to name, are based on a formal request issued earlier this year seeking developers that could demonstrate financial capability, experience and the ability to secure national retailers.

The six responses to the request have been reviewed and a committee has identified a shortlist of groups that have been asked to provide additional information before a final decision is made.

The deadline for the final submissions is Aug. 10, and a deal could be finalized early next year.

[JManc]

Originally Posted by toxteth o'grady

Solvay Chemicals is knocking down 52,000 sf of space in 3737 Buffalo Speedway. Then knocking down their old digs for a boutique hotel...

Greenway Plaza-area tower underway is leasing up

That thing was only built in 1992...not that old.

[Urbannizer]

Camden McGowen Station

[Urbannizer]

http://www.pccpllc.com/index.cfm?fus...n=11&pr_id=168

Originally Posted by PCCP LLC

PCCP, LLC PROVIDES $55.2 MILLION SENIOR LOAN FOR THE DEVELOPMENT OF 17-STORY LUXURY CONDO PROJECT IN HOUSTON, TEXAS

PCCP, LLC announced today that it has provided a $55.2 million senior loan to a joint venture between The Carlyle Group and Pelican Builders for the ground-up development of The Wilshire, a 17-story, 96-unit luxury condominium project in the River Oaks submarket of Houston, Texas. Construction is underway with completion of the project anticipated for mid-2017. The financing was arranged by Adam Allen of ARA Houston.