HOUSTON | Development Thread II

[Urbannizer]

The Village at Palm Center -- 5110 Griggs Rd

222 unit affordable housing project with 15,000 square ft of retail, a daycare center, playground and townhome units next to the SE rail line.












https://www.facebook.com/HoustonHCDD...48300118561016

[JManc]

Originally Posted by Slyfox

Hopefully Houston has the employment opportunities to coincide with all the new apartments.... Waiting for the petroleum market to bounce back.

Exactly, there's a massive glut of apartments now. Expensive ones too...

[Urbannizer]

Midtown Metropole - 1403 McGowen St.

71 unit, 8-story residential project for Midtown by Allied Orion Group and Humphreys & Partners.

[Monarch]

^^^ MIDTOWN METROPOLE looks like a sophisticated and cool development. nice...

[TexasPlaya]

Originally Posted by Slyfox

Hopefully Houston has the employment opportunities to coincide with all the new apartments.... Waiting for the petroleum market to bounce back.

Doubtful with global demand in general not looking stronger for the near future. Probably will see strong population growth, albeit not nearly as strong, and the related jobs that come along with population growth. However, may not be until late 2017 or 2018 for oil to come back.

[Urbannizer]

Amegy Bank HQ


Amegy Bank HQ by Darius Fontenette, on Flickr

[The Best Forumer]

Looks good!

[Urbannizer]

Hanover Co. Begins Site Prep on $95M 32-Story Luxury Apts in Uptown Houston

Hanover Company has begun site preparation for the construction of a 32-story, $95 million apartment tower in Uptown Houston near The Galleria. 

According to the architect's project report to the state licensing board, Boulevard Residential LC is the owner of record that is constructing a 280-unit high-rise multifamily building made of cast-in-place concrete within the 1700 block of South Post Oak Lane.

The project name is Hanover Boulevard Place. Boulevard Residential is a holding of Hanover Company, which specializes in developing luxury apartment towers.
Hanover Company developed the Hanover Post Oak tower at 1750 Sky Lark Lane and the new tower is directly adjacent. Hanover Company owns adjacent tracts of land to the south and north of Hanover Post Oak.

The architectural firm is Chicago-based Solomon Cordwell Buenz (SCB) and the designer of record is Clara Wineberg.

The estimated construction start date was entered as Oct. 1, 2016, however, the project manager has already set up a mobile project site office. Construction is scheduled for completion March of 2019.

[Monarch]

^^^ once this new HANOVER tower is completed, this whole post oak area is going to be reeking with a cool density the likes that houston has never before experienced. simply remarkable.....

[Urbannizer]

Originally Posted by Urbannizer

Villa Borghese

Interfin has picked up the Gardens of Bammel Lane block as their first site in Upper Kirby. It's said tenants have until the end of the year to move out. The developer's portfolio consist mostly of high-rise condos, and they've recently completed Belfiore in Uptown so one here is likely.

25-stories, 46 condo units

[The Best Forumer]

I was hoping he would depart of his standard box look. No creativity... But oh well.

[Urbannizer]

Originally Posted by The Best Forumer

I was hoping he would depart of his standard box look. No creativity... But oh well.

Same here, though I don't mind because of its location. Good to see another high-rise proposal for Upper Kirby.

[Urbannizer]

COH Joint Processing Center



HSPVA



Alexan Downtown



1111 Rusk







Aloft Downtown


rechlin

Block 365



1825 San Jacinto





Mid-Main




photos c/o hindesky

[Urbannizer]

Here's an article on Villa Borghese with a better rendering. The homes on site will be moved to various locations around town instead of being demolished.

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

[Urbannizer]

609 Main 50 Percent Leased as Construction Continues

Houston's tallest under-construction development celebrated topping off some time ago and the Hines-developed office tower has now reached another significant milestone. With international law firm Orrick, Herrington & Sutcliffe recently signing a 12-year, 56,731-square-foot lease, 50 percent of space within 609 Main at Texas has been committed.

[Urbannizer]

First an Australian developer, now a Chinese developer has chosen Houston to build their first U.S project.

Chinese firm will change Houston

Tianqing Real Estate Development LLC (Tianqing RED), a US subsidiary of one of China's largest real estate companies, has acquired a prime location in Houston to build high-rise buildings of mixed use that will change the city's skyline in the next few years.

Tianqing RED recently closed on the purchase of the land on Allen Parkway, west of downtown and across from the newly improved green space Buffalo Bayou. It is the last track of undeveloped land of that scale at such a prime location in the city.

"The land is a rectangle with hard corners, sufficient depth and width for development. It has great views all around. To the north there is the Buffalo Bayou, to the south the Texas Medical Center, to the east downtown Houston, and to the west the financial district Galleria. We are very happy to be able to get our hands on it," said David Du, president of Tianqing RED.

A total of $500 million will be invested in the project. The planned first phase includes a luxury hotel of 150-180 rooms and a high-rise condo. Construction is expected to start by the end of 2017 or early 2018. Another high-rise condo, a class-A office building and possibly a luxury senior-living building will be built later.

Upon completion, there will be two condo towers with a total of 180 units along with the hotel, an office building and ground-level retail spaces. The project aims to become a new landmark in Houston.

EB-5, the popular immigration investment program among Chinese, will be used to raise part of the money for the project.

However, Du said Tianqing RED will not rely heavily on EB-5 for financing. When it gets ready to start construction, parent company Tianqing Group will guarantee and provide the remaining funds for the project, he said.

[Monarch]

welcome TIANQUING REAL ESTATE, to the city of houston.
the future beholds....

[Urbannizer]

UH basketball arena to be renamed after $20M gift

It's official: Houston billionaire Tilman Fertitta is behind the once anonymous multimillion-dollar donation for the University of Houston's basketball arena renovation.

Fertitta, CEO of Houston-based Landry's Inc., donated $20 million, the largest-ever gift in UH Athletics history. The renovated arena, formerly the Hofheinz Pavilion, will be named the Fertitta Center beginning in the 2018-2019 season. The Houston Chronicle broke the news in July that Fertitta anonymously donated the money for the $60 million renovation project.

“Facilities are a critical part in college athletics today, and the Fertitta Center will play an important role as we recruit the best student-athletes to our campus," men’s basketball coach Kelvin Sampson said in a statement. "Houston basketball will soon have the finest facilities in the country.”

[Urbannizer]

New details revealed on Austin developer's first student apartment project in Houston

A student housing developer has released more details about its next project near the University of Houston.

Aspen Heights, an Austin-based off-campus student housing developer, is building a 717-bed, 271,000-square-foot apartment complex complete with a parking garage, pool, game room and fitness center, according to a release. The student housing development is one of four projects Aspen Heights announced are currently underway across the U.S.

The expected completion date is August 2017. The project is close to campus and near Houston's metro line, but the company did not provide a specific address in the release.

Location is the SE corner of OST and MLK; it's currently u/c.


cspwal

[Slyfox]

Originally Posted by Urbannizer

UH basketball arena to be renamed after $20M gift

$20,000,000.00? The Roy Hofheinz family better pony up, maybe they'll change the name back.