HOUSTON | Development Thread II

[toxteth o'grady]

Exclusive: Two Galleria-area condo towers under construction almost fully leased
http://farm3.staticflickr.com/2867/8963791273_48fe929312_b.jpg

That'll show all the doubters! :cheers:

Get the Hanover out of the ground!:cool:

[toxteth o'grady]

With oil still close to $57 for WTI and $65 Brent, there appears to be some stability in the market. So the developers can exhale and the lenders can lend again.

And the Astros are in first place, for the moment. :cool:

[Shasta]

Lazy journalism.

The Astoria and the Belfiore are both for-sale condo buildings. Nobody is leasing anything. They are BUYING units.

Secondly, the Hanover River Oaks isn't likely to happen. It isn't 100% that they won't go forward, but the demolition of the property is being done by the landowner to reduce taxes and insurance liabilities for having vacant properties on his land. Construction is NOT moving forward in the immediate future.

The worst part about that is the Kirby Collection two-block project is just a stone's thrown away and has been cleared for months but there's no sign of development. Would be horrible to have all of this vacant land in the heart of Upper Kirby.

[Urbannizer]

Lazy journalism.

The Astoria and the Belfiore are both for-sale condo buildings. Nobody is leasing anything. They are BUYING units.

Secondly, the Hanover River Oaks isn't likely to happen. It isn't 100% that they won't go forward, but the demolition of the property is being done by the landowner to reduce taxes and insurance liabilities for having vacant properties on his land. Construction is NOT moving forward in the immediate future.

The worst part about that is the Kirby Collection two-block project is just a stone's thrown away and has been cleared for months but there's no sign of development. Would be horrible to have all of this vacant land in the heart of Upper Kirby.

Hanover River Oaks is still being planned. Hanover is waiting until August to purchase the site.

Kirby Collection is suppose to break ground in May.

[Shasta]

Keeping my fingers crossed on Kirby Collection. That's a great project and I'd hate to have the two blocks look like how they do for much longer.

[toxteth o'grady]

Houston was 2nd in absorption for Q1 2015, but that number may have been distorted by Exxon Mobil. Per BisNow:

"Blame stunted oil prices or the tsunami of deliveries: Houston office rent growth fell out of the top 10 in North America, according to new data by Colliers. But there's good news: our leasing activity is still among the best on the continent.

Houston was fifth on the continent for CBD office rent growth in Q4, with more than 10% year-over-year increases. That’s dropped considerably; Colliers recorded only 1% growth in Q1 ’15. San Francisco held onto the No. 1 slot, growing rates 14% from Q1 ’14 to Q1 ’15. On the other hand, Houston’s absorption is still nearly the best in North America. Last quarter, we soaked up 1.3M SF of office space, only slightly second to Dallas. That’s not much of a drop from 2014, when we absorbed 6.8M SF, or about 1.7M SF on average each quarter.

One huge difference from last year is how that absorption is broken down—last quarter, Houston had the fourth-highest CBD absorption in North America. This quarter, all 1.3M SF of positive net absorption came from the suburbs, and most of it's from Exxon. The Bayou City held onto the top slots in new supply and space under construction again—no surprise, since we’re still working through our record pipeline. In Q1, we delivered 3.5M SF of office space, well above the second-closest city (NYC Midtown, 2.3M SF). Amid that, our overall vacancy rose to 12.6%. We still have 14.5M SF underway, still nearly double the runner up (Seattle, 8.3M SF)..."

https://ci6.googleusercontent.com/proxy/AHiUPwIY1ubBMkaHQRK6iiXGxBoDIj8dMxHC4bCKDk8y2IupG0KsR-UaVhNbBZ3iH_3ZczolUlbQCY7hH_bc4DWPhO-IlvURtWDO9uBi0evRVWy_YDJL-obsmnFoK3vy2NcMBUwWpUXWBe4V4E-NPxcEPEf_LpXmCV8Q7o_r_YnF3oBncOBpRtBsNqhdG34Zxs1yqRjzEVfU=s0-d-e1-ft#http://e13c7623ea07ffe9c5c6-e19f06f73efdb5028989d1916204cd71.r73.cf2.rackcdn.com/73486_1430330741_HoustonSkyline770x525-medium.jpg

[skys the limit]

The Wall Street Journal reports the "new normal" of lower oil prices beginning to show its effects in Houston:

Office Markets in Tech-Heavy Cities Lead 2015 Pack
Signs of a slowdown in areas tied to energy production

Eliot Brown, Wall Street Journal Real Estate, April 1, 2015

The U.S. office market continued its slow-and-steady recovery in the first quarter, with technology-heavy markets leading an overall modest growth of rents and occupancies.

....

While the tech-heavy markets keep growing, there are signs of a slowdown in markets heavily dependent on oil. Houston, home to nearly one-sixth of the office space under construction in the U.S., has seen a jump in sublease space as energy employers shed offices.

At the end of the first quarter, 6.3 million square feet of sublease space was available, up from 4.8 million at the end of 2014, according to real-estate brokerage Savills Studley. These listings “were dominated by large blocks of space posted by those directly affected from the new normal of oil prices,” the company said in a report.

Full article: http://www.wsj.com/articles/office-markets-in-tech-heavy-cities-lead-2015-pack-1427860983

[Urbannizer]

Updates

Dolce Midtown: By NotsuohPhoto

https://farm8.staticflickr.com/7662/17137928370_cf9aa4595c_b.jpg

Block 334: By NotsuohPhoto

https://farm9.staticflickr.com/8789/17299505346_2d8ca8f64b_b.jpg

Mid-Main by larrydierker

https://farm9.staticflickr.com/8725/17139734569_4e4381caac_b.jpg

https://farm8.staticflickr.com/7713/17324105082_6612e5f854_b.jpg

https://farm8.staticflickr.com/7699/17138407750_ce39ebd7a9_b.jpg

Elan Heights: By merpityderpity

https://farm8.staticflickr.com/7732/17331407482_beaf257336_b.jpg

Hardy Yards: By Triton

https://farm9.staticflickr.com/8871/17134345660_a772564181_b.jpg

https://farm9.staticflickr.com/8722/16699436744_590079b8b7_b.jpg

[toxteth o'grady]

People really have no idea how transformative the rail has been. Three of the developments above are near train stations.

[rdavis4559]

People really have no idea how transformative the rail has been. Three of the developments above are near train stations.

As it so happens, UT Health is looking for participants for a transit study with the following requirements:

* Live within 3 miles of one of the new METRO light rail lines
* Be 18 years of age or older
* Not currently reside with someone who is already participating in the TRAIN Study


https://sph.uth.edu/research/centers/dell/project.htm?project=d98a5c11-4390-470e-a2b8-4523d76474d0

[Michi]

May 2, 2015

EADO Station

http://farm8.staticflickr.com/7733/17146840927_5db1d73e37_z.jpg

https://farm9.staticflickr.com/8799/17166716860_7d80dbdde7_z.jpg

Vinyl siding?
http://farm8.staticflickr.com/7657/17146838877_7c8dfe40a8_z.jpg

Dallas Streetscape Project & Hotel Allessandra

http://farm8.staticflickr.com/7779/16734158063_cb25cd20f8_z.jpg

https://farm9.staticflickr.com/8875/17354408785_4bbd4bbbb7_z.jpg

[toxteth o'grady]

Houston's housing market is still regarded as strong by the Wall Street Journal, though the reasons for the continued uptick in building are being debated...

Houston Housing Market Holds Up (http://blogs.wsj.com/developments/2015/05/01/houston-housing-market-holds-up/?mod=WSJBlog)

http://si.wsj.net/public/resources/images/BN-IF087_HTOWN0_G_20150501162736.jpg

[Urbannizer]

Innovation Place: Mixed-use project possibly proposed for the corner of Main and Holcombe, where the Bank of America building sits in the Texas Medical Center. Anyone know more about this project?

http://image.slidesharecdn.com/a98ffabf-91a4-4916-9ef0-e7cadb490ddc-150423021549-conversion-gate01/95/smilodon-rendering-collection-20154-3-1024.jpg

http://image.slidesharecdn.com/a98ffabf-91a4-4916-9ef0-e7cadb490ddc-150423021549-conversion-gate01/95/smilodon-rendering-collection-20154-2-1024.jpg

[toxteth o'grady]

I'm feeling all turned around, but it looks like the old Shamrock parcel where Texas A&M has its medical facility.

I remember that bank building going up in 1963, so it will be a shame to see it go.

[TexasPlaya]

Which hospital would be expanding there? I could definitely see a few more hotels needed, but it seems like all the major hospitals are already expanding.

[Soignies Forest]

I worked at the Med center for over 20 years. There used to be an Art Deco Prudential building which later UT purchased. In addition there was a "Nations Bank" nearby. I haven't spent much time there since my wife became ill. Which of these sites is being used for this project? It appears to be the old Prudential site.

[Urbannizer]

I worked at the Med center for over 20 years. There used to be an Art Deco Prudential building which later UT purchased. In addition there was a "Nations Bank" nearby. I haven't spent much time there since my wife became ill. Which of these sites is being used for this project? It appears to be the old Prudential site.

This is the site highlighted in red. The building's former name was "Fannin Bank Building".

http://i.imgur.com/QPDw5ru.png

http://www.emporis.com/images/show/566760-Large.jpg

[Soignies Forest]

I was off by one block. The old Prudential building was on Fannin and Holcombe.
Many years ago the Bank of America was the Nations Bank building. But then the tall Chase building downtown was called the Texas Commerce Tower and on and on. I'm glad the city hasn't changed it's name.

Thank you for the information Urbannizer. Keep up the good work.

[JManc]

Before it was called Nations Bank, it was NCNB. I kinda like the Med Center BoA building. Hate to see that one go.

[toxteth o'grady]

Let's wait and see if the money's there and who the tenants would be.

There have been a couple of positive reports saying both Kirby Grove and the Hines building on San Felipe are leasing up despite the downturn. Maybe the pattern is repeating in other parts of town.

And oil prices have been on a tear the past week. Nothing about the fundamentals explains it, but I'm certain some of the businesses that suffered losses in Q1 may be in the black again. We'll see how long it lasts.

[AviationGuy]

Before it was called Nations Bank, it was NCNB. I kinda like the Med Center BoA building. Hate to see that one go.

I like it, too. And I really loved the Prudential Building when I was a kid.

[toxteth o'grady]

Offices and hotels are planned for Sugar Land by the lake.

http://blog.chron.com/primeproperty/2015/05/sugar-land-lakefront-property-to-turn-into-office-and-hotel-space/

http://blog.chron.com/primeproperty/files/2015/05/lake-pointe-2.jpg

[Urbannizer]

Whole Foods will occupy 40,000 square feet of retail space in Pearl on Smith, a multifamily development underway for Midtown.

Renderings n/a

http://www.houstonchronicle.com/business/real-estate/article/Whole-Foods-to-open-in-Midtown-6247111.php#photo-7938489

Whole Foods to open in Midtown

Whole Foods Market is planning to open a new store in Midtown, its 11th in the greater Houston area.

The store, on Elgin between Smith and Brazos streets, will have around 40,000 square feet and open by the end of 2017, a spokeswoman said late Wednesday.


The Austin-based organic grocer also announced plans Wednesday to launch a new "value-oriented" concept targeting millennial shoppers.

These stores, which will begin opening next year, will feature "modern, streamlined design, innovative technology and a curated selection."

On a conference call to discuss the company's second-quarter earnings, co-CEO Walter Robb said the new concept will be "unlike anything that currently exists in the marketplace."

He said Whole Foods is building a team to focus on the new brand and negotiate leases.

The company did not say if the new Midtown store would be a new concept.

[toxteth o'grady]

That's a positive development, bringing a major grocer to near Downtown (in an area where the number of grocery choices is limited) and it puts a grocery on the ground floor of one of those apartment blocks, which should be a major selling point. Hopefully, we'll see more of these.

The company did not say if the new Midtown store would be a new concept.

Oh, they pretty much did.:D

[rdavis4559]

Whole Foods will occupy 40,000 square feet of retail space in Pearl on Smith, a multifamily development underway for Midtown.

Renderings n/a

http://www.houstonchronicle.com/business/real-estate/article/Whole-Foods-to-open-in-Midtown-6247111.php#photo-7938489

My friend works for whole foods. He says this WF will occupy a portion of the ground floor of this city block and four levels of habitable space will rise above it. Value oriented = something akin to Randalls/Safeway.

[Urbannizer]

^

http://ww2.hdnux.com/photos/36/23/53/7944949/3/1200x1240.jpg

http://www.bizjournals.com/houston/morning_call/2015/05/new-whole-foods-to-feature-luxe-apartments.html

New Whole Foods to feature luxe apartments

More apartments will join the newly announced Whole Foods Market planned for Midtown.

The Morgan Group will build more than 260 high-end apartments atop the grocery store, according to the Houston Chronicle. It will be one of the Houston-based developer’s Pearl communities — and it will be next to the Pearl Midtown, at 3101 Smith St.

Austin-based Whole Foods Market Inc. (Nasdaq: WFM) this week revealed that its Midtown location would be on Elgin Street, between Smith and Brazos streets, and would open by the end of 2017.

Houston-based architecture firm Ziegler Cooper is designing the apartment building, which will offer studio, one- and two-bedroom units averaging 820 square feet, according to the Chronicle.

Construction on the new Pearl is expected to start early next year.

[Urbannizer]

800 Sampson St.: This warehouse east of DT will be converted to 80 apartment units. There's also a 2-story building next to this that will be converted as well - 13 units with retail.

http://www.houstontx.gov/planning/Commissions/docs_pdfs/hahc/Application_Materials/May_MATERIALS/810_Sampson_MATERIALS.pdf

http://www.ghabriel.com/modules/catalog/products_images/000040_2.jpg

http://www.ghabriel.com/modules/catalog/products_images/000040_4.jpg

https://farm8.staticflickr.com/7695/16806121783_9163a2fe7a_b.jpg

[toxteth o'grady]

Give us more of that!

Office construction is not dead, as an 8-story building is going up near Exxon Mobil.

Spec Office to Break Ground One Mile From New Exxon Mobil Campus (http://realtynewsreport.com/2015/05/08/spec-office-to-break-ground-one-mile-from-new-exxon-mobil-campus/)

http://i1.wp.com/realtynewsreport.com/wp-content/uploads/2015/05/Wildwood-Corporate-Centre-II-Rendering-1.jpeg?resize=300%2C169

[The Best Forumer]

Give us more of that!

Office construction is not dead, as an 8-story building is going up near Exxon Mobil.

Spec Office to Break Ground One Mile From New Exxon Mobil Campus (http://realtynewsreport.com/2015/05/08/spec-office-to-break-ground-one-mile-from-new-exxon-mobil-campus/)

http://i1.wp.com/realtynewsreport.com/wp-content/uploads/2015/05/Wildwood-Corporate-Centre-II-Rendering-1.jpeg?resize=300%2C169

This is so far removed from the central city that I must wonder if it matters at all. It's like a blip in a remote part of the metro.

It's hilarious that the author of that story thinks it's a good thing that it's "1 mile from new Exxon Mobil Campus". Hrm...

[GoldenBoot]

^

http://ww2.hdnux.com/photos/36/23/53/7944949/3/1200x1240.jpg

http://www.bizjournals.com/houston/morning_call/2015/05/new-whole-foods-to-feature-luxe-apartments.html

nice!!!

[Urbannizer]

Energy Gateway District: A new mixed-use development being planned by MetroNational at I-10 & Gessner, directly across from Hermann Memorial City (the box with the crown). Only an office tower has been confirmed so far, but a second and a hotel are rumored to be on the boards as well.

http://www.houstonarchitecture.com/haif/topic/23712-gateway-energy-district-northwest-corner-of-i-10-gessner/

https://farm8.staticflickr.com/7779/17411355116_cf91cf6983_b.jpg

A portion of this site is a basin, which will be revitalized. Mathewson Ln will be extended through the site to connect to Gessner.

https://farm8.staticflickr.com/7480/15650678890_ab9dc38477_b.jpg

https://farm9.staticflickr.com/8785/17249616018_c176d498c7_o.png

https://farm8.staticflickr.com/7662/16814855854_59327483b6_o.png

[JManc]

I knew something was bound to happen to that area sooner or later. They cleared it for future development.

[TowerSpotter]

I think thats part of Metronationals master-plan?

[TexasBoi]

^

http://ww2.hdnux.com/photos/36/23/53/7944949/3/1200x1240.jpg

http://www.bizjournals.com/houston/morning_call/2015/05/new-whole-foods-to-feature-luxe-apartments.html

That's huge for Midtown and could be a turning point if successful which I think it will be.

[Urbannizer]

Updates by hindesky on HAIF

Block 334

https://farm9.staticflickr.com/8701/17278487140_8541a7ea71_b.jpg

https://farm8.staticflickr.com/7660/17440077836_240f5b8748_b.jpg

https://farm8.staticflickr.com/7784/17278462540_da0ea1d27c_b.jpg

Block 365

https://farm8.staticflickr.com/7665/17278192338_0f4e7f4f99_b.jpg

https://farm9.staticflickr.com/8832/17279725849_67829d989b_b.jpg

1111 Rusk

https://farm8.staticflickr.com/7775/17316317090_1200ed9621_b.jpg

https://farm9.staticflickr.com/8699/17477690136_3239585be3_b.jpg

Jefferson Heights

https://farm9.staticflickr.com/8807/17279761569_eeb4bdff1c_b.jpg

Alexan Midtown

https://farm8.staticflickr.com/7669/17508231425_ed2ac2c1e7_b.jpg

https://farm9.staticflickr.com/8780/17321894079_6554aa319e_b.jpg

https://farm9.staticflickr.com/8892/17508000241_6074da8f19_b.jpg

Oaks on Caroline

https://farm9.staticflickr.com/8847/16843452744_95eee0d73d_b.jpg

Capella Museum District

https://farm9.staticflickr.com/8805/17278283438_fd1d4d293a_b.jpg

Center City Views: 4-story condo building.

https://farm6.staticflickr.com/5324/17503859461_56acf83417_b.jpg

[Soignies Forest]

Took a walking tour of the downtown on Friday ( minus the bayou). A few observations. Counted seventeen Tower cranes and six other large cranes. Counted twenty one sites under construction. The downtown appears to be "thickening up". Years ago it appeared lopsided with all the high rises essentially west of Main street. No more. Looking much better now.

[toxteth o'grady]

Well, it's not all soaring vacancies and subleasing out there. Black & Veatch needs more space...

Out-of-state water and power company looks to double Houston office (http://www.bizjournals.com/houston/blog/money-makers/2015/05/out-of-state-water-and-power-company-looks-to.html)

[Urbannizer]

Theater District Redevelopment

A proposal by Houston First, to revitalize the Theater District by:

- Revamping existing buildings
- Potentially demolish Bayou Place so the District can have a better connection.
- Improving sidewalks
- New buildings for the district with retail

The project is currently awaiting approval.

http://arup.com/~/media/Images/Projects/H/Houston_Theater_Masterplan/Gallery/Images/Houston_masterplan_streetview_900x600_c_Arup.ashx?mh=800&mw=1000

http://arup.com/~/media/Images/Projects/H/Houston_Theater_Masterplan/Gallery/Images/Houston_masterplan_900x600_c_Arup.ashx?mh=800&mw=1000

http://arup.com/Projects/Houston_Theater_District_Masterplan.aspx

Arup led a team of consultants to develop the 2025 vision for Houston’s 17-block theatre district. The project integrates our planning, urban design, theatre, and lighting consulting services to create a multiphase implementation plan for enhancing the district’s identity as a world-class theatre complex. The masterplan also establishes distinct branding and design standards for signage, lighting, and landscaping.

The masterplan specifically identifies short-term projects ranging from wayfinding and programming to create inviting and active spaces, as well as long-term transformations including redesigning plazas and streetscapes and redeveloping underutilized street blocks. The team engaged Houston First Board Members, local businesses, political leadership, and executives of the performing arts organizations through visioning workshops led by Arup.

[Urbannizer]

Glass being installed on the Marriott Marquis. 5/13 by Cloud713.

http://i1339.photobucket.com/albums/o701/skyline_713/538F7B9D-BC2F-49AE-84F9-FD11C386B0B7_zps4gc1lhup.jpg

[photoLith]

Give us more of that!

Office construction is not dead, as an 8-story building is going up near Exxon Mobil.

Spec Office to Break Ground One Mile From New Exxon Mobil Campus (http://realtynewsreport.com/2015/05/08/spec-office-to-break-ground-one-mile-from-new-exxon-mobil-campus/)

http://i1.wp.com/realtynewsreport.com/wp-content/uploads/2015/05/Wildwood-Corporate-Centre-II-Rendering-1.jpeg?resize=300%2C169

Hooray, development far removed from the city in suburbia!!!!!

[photoLith]

I cant believe how much downtown is changing since I moved away 2 years ago, its flippin awesome.

[cloud713]

Theater District Redevelopment

A proposal by Houston First, to revitalize the Theater District by:

- Revamping existing buildings
- Potentially demolish Bayou Place so the District can have a better connection.
- Improving sidewalks
- New buildings for the district with retail

The project is currently awaiting approval.

http://arup.com/~/media/Images/Projects/H/Houston_Theater_Masterplan/Gallery/Images/Houston_masterplan_streetview_900x600_c_Arup.ashx?mh=800&mw=1000

http://arup.com/~/media/Images/Projects/H/Houston_Theater_Masterplan/Gallery/Images/Houston_masterplan_900x600_c_Arup.ashx?mh=800&mw=1000

http://arup.com/Projects/Houston_Theater_District_Masterplan.aspx

here is more information for the Master Plan i just stumbled across.. tons of renderings and info.. this will be HUGE!

http://www.houstontx.gov/council/c/committee/20150429/PresentationTheaterDistrictMasterPlan.pdf



Here's a quick overview of some of the plans.

http://i1339.photobucket.com/albums/o701/skyline_713/CD373665-1C48-4BC3-9D57-C2C62CA7EEF8_zpstts5rrvd.png

http://i1339.photobucket.com/albums/o701/skyline_713/E56E367E-BE3D-4FC8-A31E-B6D42E045689_zpsryag9tja.png

http://i1339.photobucket.com/albums/o701/skyline_713/48B525B8-6248-418E-9768-ACEDAA4E7DBD_zpsy47wpaeq.png

http://i1339.photobucket.com/albums/o701/skyline_713/A19FA5BB-7235-43BD-8F15-B4FB39276EC5_zps17zxvohl.png

http://i1339.photobucket.com/albums/o701/skyline_713/6025AB51-043B-4A38-B544-65B8A9689265_zpsttpwxhg8.png

http://i1339.photobucket.com/albums/o701/skyline_713/B9FFBD0D-C47A-4DA5-A19F-620780A32466_zpsqffjlzyj.png

http://i1339.photobucket.com/albums/o701/skyline_713/B1EC16C4-0D50-41C4-9609-72AC3BAF3CA9_zpsx76yqbq7.png

http://i1339.photobucket.com/albums/o701/skyline_713/209A4A05-9FBE-45A2-9058-51CD56079A9B_zpsp7hupmpg.png

http://i1339.photobucket.com/albums/o701/skyline_713/5CE22D55-18EF-4A23-8DF9-EFB0AA0FB0B7_zpsoxelrwq3.png

[photoLith]

That will be great, The Theater District really needs this overhaul. It's pretty much a dead zone other than when people go into and get out of plays and shows. And the buildings down there are butt ugly 70's and 80's abominations against mankind.

[Urbannizer]

River Oaks District

http://www.bizjournals.com/houston/morning_call/2015/05/sneak-peek-inside-the-budding-river-oaks-district.html

https://farm8.staticflickr.com/7789/17451421598_6fedc2563e_b.jpg

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https://farm8.staticflickr.com/7682/17016751674_ee714b519f_b.jpg

https://farm8.staticflickr.com/7695/17636864022_e1d5c18fd7_b.jpg

https://farm9.staticflickr.com/8765/17639283155_cc6eb44fc7_b.jpg

https://farm6.staticflickr.com/5332/17639361281_b815c3e8b7_b.jpg

https://farm8.staticflickr.com/7722/17018966443_612b773e28_b.jpg

[Urbannizer]

http://www.bizjournals.com/houston/morning_call/2015/05/apartments-break-ground-near-the-astrodome.html

Apartments break ground near the Astrodome

Houston-based developer Allied Orion Group LLC announced late on May 13 it recently broke ground on a 281-unit apartment community just outside of the 610 Loop in southwest Houston.

The Beacon at Buffalo Pointe, at 10301 Buffalo Speedway, is less than two miles from NRG Park, home of the Astrodome and NRG Stadium. Houston-based Steinberg Design Collaborative Architects designed the project, which is expected to open in the first quarter of 2016.

[Urbannizer]

http://ww2.hdnux.com/photos/36/32/75/7974761/3/1000x700.jpg

White Oak Music Hall brings multi-stage music experience to Houston

Pegstar Concerts head Jagi Katial is a busy man. The concert promoter is in the thick of final preparations for the sixth edition of Free Press Summer Festival, the two-day music festival in June that the concert promotions group has put on at Eleanor Tinsley Park since 2009.

He’s also overseeing the construction of a five-acre, large-scale live music complex just north of Houston’s downtown at 2915 N. Main and North Street.

Dubbed White Oak Music Hall, the new venue will feature three stages. There will be two indoor stages (one smaller, one larger) and one located outdoors which will have capacity for up to 3,000 people to rock and or roll under the stars.

The smaller room can accommodate up to 400 people, while the larger room is expected to be able to hold up to 1,400.

Katial hopes for the first show at White Oak Music Hall to happen sometime in February 2016, barring any extreme weather issues.

Full Article: http://www.chron.com/entertainment/music/article/White-Oak-Music-Hall-brings-multi-stage-music-expe-6260720.php

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[Monarch]

http://www.trademarkia.com/logo-images/olivermcmillan/river-oaks-district-77321919.jpg
keep rising baby!
signed, your new best friend...

[Urbannizer]

TMC Innovation/Reseach Campus

Could break ground as early as next year. The TMC is also considering a raised Monorail for the campus that would connect to the existing light rail. Gensler is the architect.

http://blog.chron.com/primeproperty/files/2015/05/tex-med.jpg

Texas Medical Center plans nearly 30-acre campus with retail, hotel, conference center

The Texas Medical Center hopes to develop a nearly 30-acre campus with a large retail component, plus a hotel, conference center and lab and medical space. Conceptual renderings show a rectangular-shaped plot of land with buildings and a helix-shaped plaza and green space in the interior.

Bill McKeon, executive vice president, chief strategy officer, and chief operating officer of Texas Medical Center, presented the plan for the Texas Medical Center 3 “Innovation Campus” during the Urban Land Institute’s spring meeting in Houston.

The area is now a parking lot near M.D. Anderson Cancer Center and BCM McNair on 28.6 acres. McKeon said the board is set to approve the plans this summer and the work could take four to five years. The initial renderings are not final.

[toxteth o'grady]

here is more information for the Master Plan i just stumbled across.. tons of renderings and info.. this will be HUGE!

Here's a quick overview of some of the plans.


So who exactly is going to buy out Fertitta?:shrug:

[toxteth o'grady]

Fears about the drop in oil prices affecting home sales have not panned out yet...

Houstonians keep up demand in housing market (http://blog.chron.com/primeproperty/2015/05/houstonians-keep-up-demand-in-housing-market/)

Price range Change
Less than $80,000 -23.5%
$80,000-$150,000 -14.3%
$150,000-$250,000 9.7%
$250,000-$500,000 9.9%
$500,000 and above 4.8%

Share of sales
Less than $80,000 5.3%
$80,000-$150,000 21.2%
$150,000-$250,000 34.1%
$250,000-$500,000 29.8%
$500,000 and up 9.6%

[cloud713]

So who exactly is going to buy out Fertitta?:shrug:

does he own anything in the area besides the Aquarium?

[Cory]

If that place has to exist, I wish they could overhaul the cheez factor of the aquarium. It makes Bayou Place look like a class act. Is that cinema still at Bayou Place? To be the only movie theater in downtown, it sure is hidden. Is Edwards the only mainstream cinema inside the loop?

[rdavis4559]

If that place has to exist, I wish they could overhaul the cheez factor of the aquarium. It makes Bayou Place look like a class act. Is that cinema still at Bayou Place? To be the only movie theater in downtown, it sure is hidden. Is Edwards the only mainstream cinema inside the loop?

Yes, the Aquarium is laughable. The only worth it has is the view from the ferris wheel at night.

Sundance Cinemas is still at Bayou Place and it is quite a nice place to watch movies, the seating and food are far above average. Edwards at Greenway is the only mainstream/large cinema inside 610 that I know of.

[Urbannizer]

http://ww2.hdnux.com/photos/36/35/72/7986857/3/1000x920.jpg

http://www.houstonchronicle.com/business/real-estate/article/Tower-to-bring-luxury-condos-to-The-Woodlands-6266133.php#photo-7986860

Tower to bring luxury condos to The Woodlands

A 23-story residential tower with 84 high-end condominiums is being developed in The Woodlands, the planned community north of Houston that has grown more upscale over the years.

The Woodlands Development Co., a subsidiary of Dallas-based Howard Hughes Corp., said the new building will be the area's first high-rise project of its kind.

"There has been a great demand escalating for high-rise living in the heart of The Woodlands Town Center for the last few years," Paul Layne, executive vice president of master-planned communities for the Howard Hughes Corp. said in a statement.

The building, Treviso at Waterway Square, will be developed along the Woodlands Waterway in the area's commercial district near office towers restaurants and shops. A new Westin hotel is being built next door at One Waterway Square.

Treviso was designed by the Preston Partnership and named after a village in northern Italy. Both places, the developer said, have waterways, bustling streets lined with bridges and pedestrian plazas near restaurants and shops.

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[photoLith]

Finally theyre building that, I remeber seeing renders walking aroung that area of Woodlands as far back as 2010 on the site.

[shakman]

The height and massing is great. The facade needs to be redesigned.

[AviationGuy]

The height and massing is great. The facade needs to be redesigned.

Agree. The facade just doesn't fit in. I don't like it at all.

[Urbannizer]

The article has been revised to now include this tidbit of info:

Doyle said other sites along the Waterway eventually could hold more towers.
"We have multiple sites that we will gradually develop with this type of quality product," he said.


Also, I much prefer the original design.

http://impactnews.com/downloads/7886/download/WDL201202-08-f.jpg

[toxteth o'grady]

Even the Dallas Morning News says there aren't many signs of a bust. That could come later.

Commercial real estate industry meets in Houston as oil price decline settles over economy (http://www.dallasnews.com/business/columnists/steve-brown/20150514-commercial-real-estate-industry-meets-in-houston-as-oil-price-decline-settles-over-economy.ece)

http://www.dallasnews.com/business/columnists/steve-brown/20150514-houstonhotel.jpg.ece/BINARY/w940/houstonhotel.jpg

[toxteth o'grady]

http://ww2.hdnux.com/photos/36/32/75/7974761/3/1000x700.jpg
http://ww2.hdnux.com/photos/36/32/75/7974749/3/1000x700.jpg

WH
OA
H

Looks like they found a reuse for the "treehouse".

[toxteth o'grady]

The NIMBY suit has been withdrawn...

Lawsuit against senior living facility withdrawn by condo owners (http://blog.chron.com/primeproperty/2015/05/lawsuit-against-senior-living-facility-withdrawn-by-condo-owners/)

http://blog.chron.com/primeproperty/files/2015/05/senior_living.jpg

[toxteth o'grady]

This is going to boost occupancy for some property Downtown. Maybe even one that hasn't been built yet?

Exclusive: Major Houston tech company on the hunt for new HQ (http://www.bizjournals.com/houston/morning_call/2015/05/exclusivemajor-houston-tech-company-on-the-hunt.html)

[Urbannizer]

Regent Square (Block B1)

The next phase to Regent Square, the plan consist of a new residential high-rise, high-end retail and an Alamo Drafthouse. Tellepsen Builders is the GC; construction should begin soon.

http://www.tellepsenbuilders.com/images/profile-images/Retail/gid-investments-big-img-1.jpg

http://www.tellepsenbuilders.com/gid-investments.html

Regent Square Development is located at the corner of West Dallas and Dunlavy Streets, impressively stretching over six blocks. The development consists of more than 1.7 million square feet, including four residential buildings ranging in size from four to twenty stories combining for over 440 units. The ground-level of the buildings provides rentable retail space, parking, and a 34,100-square-foot cinema. An adjacent 6-story, 327,378 square-foot concrete parking garage provides residents and patrons with ample parking. The development features a luxurious residential and high-end retail experience unlike any other in Houston with amenities of the highest class in an ideal location.

http://www.tellepsenbuilders.com/images/profile-images/Retail/gid-investments-big-img-2.jpg

http://www.tellepsenbuilders.com/images/profile-images/Retail/gid-investments-big-img-3.jpg

http://www.tellepsenbuilders.com/images/profile-images/Retail/gid-investments-big-img-4.jpg

[toxteth o'grady]

That's a 36-story building - minimum. Doesn't fit the description. Did Tellepsen get some of the details wrong?

[toxteth o'grady]

Midtown ‘Superblock’ to break ground next week (http://blog.chron.com/primeproperty/2015/05/midtown-superblock-to-break-ground-next-week/)

http://blog.chron.com/primeproperty/files/2015/05/Superblock.jpg

[The Best Forumer]

http://ww2.hdnux.com/photos/36/35/72/7986857/3/1000x920.jpg

http://www.houstonchronicle.com/business/real-estate/article/Tower-to-bring-luxury-condos-to-The-Woodlands-6266133.php#photo-7986860



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Seems like Woodlanders want the feel of a big city whilst still living in the middle of nowhere.

Are the units in this new tower for lease? If so, how do the rents compare to say OPP, et al?

[toxteth o'grady]

It's unclear to me if this is the new campus or a view of the core of the Generation Park development. In any event, it will be the newest campus of San Jacinto College:

College to open new Generation Park campus next to oil company HQ (http://www.bizjournals.com/houston/morning_call/2015/05/college-to-open-new-generation-park-campus-next-to.html)

[The Best Forumer]

TMC Innovation/Reseach Campus

Could break ground as early as next year. The TMC is also considering a raised Monorail for the campus that would connect to the existing light rail. Gensler is the architect.

http://blog.chron.com/primeproperty/files/2015/05/tex-med.jpg

Perhaps they will indeed elevate their rail and show the incompetent fools are METRO how to implement rail - above grade. Ugh.

[Urbannizer]

Seems like Woodlanders want the feel of a big city whilst still living in the middle of nowhere.

Are the units in this new tower for lease? If so, how do the rents compare to say OPP, et al?

Condo building, the units are for sale.

[Arch City]

I recently took a spin around Houston for miles and miles.

I think anyone would be hard-pressed to find another major city in America with so much new construction - especially towers.

It's bananas. Maybe DC/Virginia?

Construction in every nook and cranny.

The level of new construction in Houston is transformative and is changing the urban cityscape.

Downtown, Beltway 8 (Westchase/Bellaire area), I-10 Energy Corridor and the Galleria/Post Oak areas have especially exploded.

My favorite still under construction is the BHP Billiton Petroleum Tower (http://media.bizj.us/view/img/20001/40aks-hr-linear-cropped*750.jpg). Simple, classy and sleek.

[Urbannizer]

River Oaks District Phase II

First look.

- 11-story office building
- 29-story high-rise (type unknown)

* Phase II will most likely begin once Phase I is complete.

https://farm6.staticflickr.com/5456/17918217996_0f274caaca_b.jpg

[Urbannizer]

Promo vid for Arabella & Marlowe

127899081

124980850

[Urbannizer]

The California

8-story condo building @ 1400 California (Montrose).

http://images-63.har.com/e1/MediaDisplay/63/hr3608463-1.jpg

http://www.har.com/1400-california--8phe/sale_75428065

Referencing the simplicity & functionality of the Bauhaus movement, The California mid-rise invigorates these enduring principles w/ modern sensibility & luxury. Each of the 22 sleek & sophisticated residences offer generous floor plan options, state-of-the-art audio/visual systems, direct-access elevators, & stunning views of the Houston skyline. Located in vibrant Montrose, this eight-level boutique building sits in the epicenter of a burgeoning urban environment.Est. Completion: Fall 2016.

http://403.mlsimages.movoto.com/095/34496295_7.jpg

[AviationGuy]

Seems like Woodlanders want the feel of a big city whilst still living in the middle of nowhere.

Are the units in this new tower for lease? If so, how do the rents compare to say OPP, et al?

Considering how crowded the I-45 corridor is in that area, it doesn't bring to mind "middle of nowhere" to me.

[Reverberation]

River Oaks District Phase II

First look.

- 11-story office building
- 29-story high-rise (type unknown)

* Phase II will most likely begin once Phase I is complete.

https://farm6.staticflickr.com/5456/17918217996_0f274caaca_b.jpg

It will be a hotel.

[TowerSpotter]

What the east side of Uptown will look like:

http://i.imgur.com/QBHzSt1.gif

[Cory]

That Arabella vid is pure sex.

[vjhe]

That Arabella vid is pure sex.
That was out of breath, mind blowing sex! If I weren't considering the Arabella before, I sure would now. Everyone should see that video. :-)

[BuzzBuzzEva]

Simpson Property Group is building a new development with 327 units at 10300 Katy Freeway in the Energy Corridor. You can register for their development online (http://www.simpsonpropertygroup.com/apartments/houston-texas/district-at-memorial-houston).

You can check out the renderings and follow the development to stay up to date with email notifications at http://www.buzzbuzzhome.com/district-at-memorial.
http://d2kcmk0r62r1qk.cloudfront.net/imageSponsors/Original/2015_05_12_05_01_25_districtatmemorial_rendering.png

[Urbannizer]

Crescent Communities plans to redevelop the Georgian Apts. at Willowick & Westheimer for their second multifamily project in Houston.

http://swamplot.com/wp-content/uploads/2015/01/georgian-willowick.jpg

http://swamplot.com/on-then-off-sale-of-the-georgian-apartments-near-highland-village-is-on-again-maybe/2015-01-26/

https://www.bisnow.com/houston/news/multifamily/big-change-crescent-communities-delves-into-multifamily-45856

Crescent plans to start 10 new developments this year and 10 more next year for a total of 7,000 units and $1.4B of construction. That includes Crescent Northgate (rendered here), a 300-unit community underway near the Hardy Toll Road and Grand Parkway intersection close to Exxon’s campus. It’ll deliver in late 2016. Crescent also owns a site in the River Oaks District (at Westheimer and Willowick) that it’s holding for future development. Brian tells us about half of the upcoming projects are in Southwestern markets like Phoenix, Denver, Houston and Dallas that weren’t in vogue compared to primary markets when the firm started lining up sites five years ago.

[Urbannizer]

Saudi Arabia Consulate

New renderings. Will be built on Wilcrest Drive, Near Meadowglen. (https://www.google.com/maps/place/Wilcrest+Counseling+Services/@29.7313582,-95.5708199,96m/data=!3m1!1e3!4m2!3m1!1s0x0:0x8a2e40b92a1d7355!6m1!1e1)

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[Urbannizer]

Full Article: http://www.archpaper.com/news/articles.asp?id=8046#.VWACwlI8LCQ

West 8: http://www.west8.nl/



Landscape architects West 8 selected to master plan Houston Botanic Garden.

Houston’s flourishing arts and culture firmament stands to gain another leg-up, with master plans for the first Houston Botanic Garden underway. The non-profit organization has designated landscape architecture practice West 8 to helm plans for a new garden on the site of the 120-acre Glenbrook Park Golf Course, located between downtown and Hobby Airport. Houston Botanic Garden will take control of the site, which is currently leased to it by the City of Houston, if it can raise $20 million by the end of 2017.

West 8, which was commissioned on April 1 following a national search process, is in the midst of site analysis and input from local stakeholders regarding a vision for the cultural institution. “The arts community is very strong in Houston, so this botanic garden is kind of a high-level vision of what we hope to achieve,” said Jamie Maslyn Larson, principal-in-charge of West 8’s American projects.

[Double L]

I love that Houston is getting a botanical garden but it seems to be in a bad area.

[AviationGuy]

Seems like Hermann or Memorial parks would have been better.

I guess the upside is that it will help improve the area where it will go.

[TexasPlaya]

I love that Houston is getting a botanical garden but it seems to be in a bad area.

Seems like Hermann or Memorial parks would have been better.

I guess the upside is that it will help improve the area where it will go.

Memorial Park would have been perfect as unfortunately, a lot of the trees we lost due to drought. I'm not a big fan of the current plan for Memorial Park, we need more recreation like tennis courts, soccer fields, baseball fields, and basketball courts in the inside the loop.

[SouthmoreAve]

I love that Houston is getting a botanical garden but it seems to be in a bad area.

Seems like Hermann or Memorial parks would have been better.

I guess the upside is that it will help improve the area where it will go.

Hermann Park already has two gardens. While a more attractive/touristy location in the west side of the loop would be nice, the natural setting of the Glenbrook golf course seems unmatched. I'm actually happy it's here. I'm sure it will further drive people to realize the value of our bayous, in an area of the inner loop that isn't seen as valuable the west side, yet. Just looking at the bigger picture is very exciting, together with the Greenways 2020 initiative and the Buffalo Bayou project, the Botanical Gardens are just adding to making the Bayou City an actually appealing and aesthetically attractive city.

[Soignies Forest]

If this botanical garden approximates the Fairchild Tropical Gardens, the Jungle Gardens of Avery Island, or the Cypress Gardens of Florida, it will be a splendid addition to the Houston area. The garden could highlight the varied vegetation which grows in our near tropical climate. No other large city in Texas (except San Antonio) can have gardens of this type.

[Urbannizer]

https://mediasrc.bcm.edu/images/2013/14/mcnair-campus-1200-520-20131030152819.jpg

http://www.bizjournals.com/houston/blog/2015/05/baylor-st-lukes-to-move-forward-on-mcnair-campus.html

Baylor St. Luke's to move forward on McNair campus construction

The Baylor College of Medicine and CHI St. Luke's Health appear to be moving forward on construction at the Baylor St. Luke's McNair campus in the Texas Medical Center.
CHI Baylor St. Luke's filed $16 million worth of building permits with the city of Houston last week. Two of the permits list hospital build-outs valued at $8 million and $4 million, and the third permit is for a hospital remodel, valued at $4 million.

The new McNair campus hospital is a big focus for the Baylor College of Medicine and CHI St. Luke's. The campus opened in January, and during a tour in October, Charles Gianfagna, the commissioning officer for the master facility plan, had said there were plans to build a second patient tower, as well as a medical office building possibly as early as November of this year.

[Urbannizer]

https://farm9.staticflickr.com/8873/18162293466_fb6de212c9_b.jpg

http://www.houstonchronicle.com/business/real-estate/article/Developer-plans-urban-style-enclave-in-Energy-6290852.php

Developer plans urban-style enclave in Energy Corridor

A Houston developer wants to bring a bit of urban sensibility to the Energy Corridor, a section of west Houston known for its suburban office campuses, chain-filled strip malls and outsized apartment buildings.

The developer, PM Realty Group, is committing $1 billion to building a bustling mixed-use community of upscale apartments, outdoor restaurants, hotels and high-rise office towers housing companies seeking to recruit a younger generation of workers who value the outdoors, collaboration with colleagues and an abundance of amenities.

Construction is scheduled to begin next year, and the first office building could break ground before the company finds a tenant to occupy it.


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[Urbannizer]

https://farm8.staticflickr.com/7733/18019266289_8ed02b09b4_b.jpg

http://blog.chron.com/primeproperty/2015/05/officials-midtown-superblock-to-be-completed-in-time-for-super-bowl/

Midtown ‘Superblock’ to be completed in time for Super Bowl

Officials broke ground Thursday on a six-acre site in Midtown that economic development officials have hoped will be transformed into an urban park for at least 15 years.

The long-awaited Midtown Park project, also known as the Superblock, sits on a large piece of undeveloped land at Travis and Anita Streets. The project is being developed jointly by the Midtown Redevelopment Authority and Camden Properties to create a mixed-use facility with a public park, retail space, a 300-unit apartment complex and a public parking garage.



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http://ww1.hdnux.com/photos/36/60/36/8062904/3/1024x1024.jpg

[Monarch]

^^^ simply incredible news! houston, needs for that entire area to be beaming during the forthcoming SUPER BOWL...

[Urbannizer]

http://media.culturemap.com/crop/cb/0b/800x600/820-Fannin-St.-downtown-Houston-Stowers-Building_131035.jpg

http://www.bizjournals.com/houston/blog/breaking-ground/2015/05/downtown-hotel-moves-forward.html

Downtown hotel moves forward

A building permit has been approved for Aloft's latest Houston project, a redevelopment of a building at 820 Fannin St. that dates back to 1913.
The permit for the renovation of the 10-story, 125,000-square-foot property was valued at $7.7 million.

According to a listing on the website for Starwood Hotels and Resorts, which operates Aloft, the hotel is expected to open in June of 2016. Representatives for Starwood weren't immediately available for comment.

[urbanactivist]

here is more information for the Master Plan i just stumbled across.. tons of renderings and info.. this will be HUGE!

http://www.houstontx.gov/council/c/committee/20150429/PresentationTheaterDistrictMasterPlan.pdf



Here's a quick overview of some of the plans.

http://i1339.photobucket.com/albums/o701/skyline_713/CD373665-1C48-4BC3-9D57-C2C62CA7EEF8_zpstts5rrvd.png

http://i1339.photobucket.com/albums/o701/skyline_713/E56E367E-BE3D-4FC8-A31E-B6D42E045689_zpsryag9tja.png

http://i1339.photobucket.com/albums/o701/skyline_713/48B525B8-6248-418E-9768-ACEDAA4E7DBD_zpsy47wpaeq.png

http://i1339.photobucket.com/albums/o701/skyline_713/A19FA5BB-7235-43BD-8F15-B4FB39276EC5_zps17zxvohl.png

http://i1339.photobucket.com/albums/o701/skyline_713/6025AB51-043B-4A38-B544-65B8A9689265_zpsttpwxhg8.png

http://i1339.photobucket.com/albums/o701/skyline_713/B9FFBD0D-C47A-4DA5-A19F-620780A32466_zpsqffjlzyj.png

http://i1339.photobucket.com/albums/o701/skyline_713/B1EC16C4-0D50-41C4-9609-72AC3BAF3CA9_zpsx76yqbq7.png

http://i1339.photobucket.com/albums/o701/skyline_713/209A4A05-9FBE-45A2-9058-51CD56079A9B_zpsp7hupmpg.png

http://i1339.photobucket.com/albums/o701/skyline_713/5CE22D55-18EF-4A23-8DF9-EFB0AA0FB0B7_zpsoxelrwq3.png

The Theater District plans... aka Keeping Up With the Dallasites.

But seriously, I LOVE the plans and hope it comes to fruition.

[Double L]

So many good projects going up in Houston and I love the theater district proposal!

[toxteth o'grady]

The Theater District plans... aka Keeping Up With the Dallasites.

They only need to keep it above the waterline...:surrender:

[Urbannizer]

BHP Billition

Via webcam

https://farm8.staticflickr.com/7743/18250630171_2cfdcbc11a_b.jpg

https://farm9.staticflickr.com/8847/17628717953_6f0915e7c2_b.jpg

Amegy Bank HQ

Via webcam

https://farm8.staticflickr.com/7763/18245678502_4219de83d6_b.jpg

[JoninATX]

Methodist Hospital North Campus Expansion update

https://scontent-dfw1-1.xx.fbcdn.net/hphotos-xat1/v/t1.0-9/11252492_814019075360878_4536044241387907068_n.jpg?oh=078eea24724280e98594fe571487d7f4&oe=55FB6463

https://scontent-dfw1-1.xx.fbcdn.net/hphotos-xtf1/v/t1.0-9/11350611_814019095360876_3478519811005941198_n.jpg?oh=4c5a1896d79a9f00c77f6cb0c6c5ede0&oe=55F602A0

https://m.facebook.com/WhrArchitects?_rdr

[JoninATX]

Hermann Pavilion 2 Groundbreaking

https://scontent-dfw1-1.xx.fbcdn.net/hphotos-xta1/v/t1.0-9/11139461_814502875312498_9190188732846406843_n.jpg?oh=fd79b6e1fdb4f0663e375da921db7fdd&oe=55ED1253

Rendering

http://i2.wp.com/realtynewsreport.com/wp-content/uploads/2014/10/memorial-hermann-Texas_Medical_Center.jpg

https://m.facebook.com/WhrArchitects/photos/a.522705631158892.1073741828.331728733589917/814502875312498/?type=1&theater

[JoninATX]

Lots of construction taking place at TMC (Texas Medical Center).

[TexasPlaya]

Lots of construction taking place at TMC (Texas Medical Center).

Another mini-boom. Is it me or does the TMC expand when O&G is down? Maybe its construction costs? Or just ironic timing.