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http://devmap.io/developments/hyatt-regency |
Work has begun on Residences at Market Square
http://zieglercooper.com/wp-content/...3/03/HMS_2.jpg 9/15 by Nate99 on HAIF https://farm4.staticflickr.com/3894/...5473ec6f_b.jpg |
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Uh-oh...
Wondering what's happened with some of the high-profile announcements? This might be a clue. If the backlog is huge for residences, it can't be too much shorter for commercial development... Red Tape Adds To Delays In New Home Construction |
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If it comes off as well as the renderings look, Houston will get a downtown high-rise that's well integrated into the street level. Hopefully some quality retailers can be added on that first floor. And may be a restaurant or two (theater? nightclub?).
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Another small office building breaks ground on Sam Houston Parkway.
https://ci6.googleusercontent.com/pr...ing-medium.jpg From BisNow: "D’Agostino Cos broke ground on The Offices at Sam Houston, a four-story office building in Sam Houston Crossing Business Park. The 113k SF tilt-wall building is scheduled for completion in June 2015 and is 60% preleased to Caterpillar Inc and Solar Turbines Inc. (That leaves 46k SF available for lease.) D’Agostino will seek LEED Silver. CBRE’s Steve Rocher, Kristen Rabel, and Parker Duffie are leasing the property. Metzger Construction is GC and Browne McGregor handled design." |
9/16 by houstontexasjack on HAIF. In the pic, the following construction sites can be seen.
609 Main at Texas Texaco Building Redevelopment Hampton Inn/Homewood Suites Marriott Marquis New Convention Center Garage, Office Building & Hotel http://www.houstonarchitecture.com/h...1410894204.jpg |
More high-rises on the way for the east side of Uptown.
http://swamplot.com/wp-content/uploa...ite-aerial.jpg Quote:
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I'm surprised there's developable property back there; I thought it was all woods.
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I'm also seeing a little bit of the site for the new apartments going up next to the ballpark. |
That only leaves 5 parking lots left after 6 Houston starts construction.
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That seems to be it. Start of construction there slipped by without notice.
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http://blog.chron.com/primeproperty/...OUTH-MAIN1.jpg
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21 Eleven by Triton, 9/14
https://farm4.staticflickr.com/3911/...f672acd7_b.jpg Hermann Park Plaza by larrydierker, 9/17 https://farm4.staticflickr.com/3896/...4449bb57_b.jpg https://farm4.staticflickr.com/3854/...e371d61a_b.jpg |
https://farm6.staticflickr.com/5586/...826db9f1_b.jpg
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I don't know where Houstonia comes up with these, but someone just described Houston as the Sue Ellen Mischke of cities (go look it up on a good Seinfeld blog...)
HOW LIBERTARIANS DESCRIBE HOUSTON, PLAYING THE NEW YORK CARD, AND THE SUE ELLEN MISCHKE OF METROPOLISES Apologia Pro Urbe Sua, Part II |
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https://farm4.staticflickr.com/3864/...77bc83b1_b.jpg |
Signs indicate demand is not slowing down anytime soon in Houston.
Mitsubishi moves manufacturing to Houston Texas oil and gas production jobs exceed new milestone Houston has gained 8,700 jobs in the oil and gas industry since last year. Houston company's MLP launches IPO worth up to $422.6M |
And BisNow just chimed in with the cheery news that there's little risk of multifamily being overbuilt:
"HFF senior managing director Todd Marix says Houston was projected to add 65,000 jobs this year, but we’ll be closer to 110,000 added. He hasn’t heard of a development not hitting its projected rent and lease up. And although capital sources are regularly asking him about overbuilding, more keep flocking to Houston—he says four years ago, Freddie Mac had 80% of our market share, but now it’s spread out among all types of investors. Above, 375 attendees joined us bright and early at the Houstonian." The most recent BLS stats put Houston at a 110,000 job gain YOY ending in July, and the numbers for oil and gas hiring are stronger than they were even last year and the year before, so that's a good sign for both multifamily and office leasing. BisNow is also noting the scarcity of residential lots: "ARA founding principal Matt Rotan says multifamily is in the 6th inning of an extra-innings game. He says besides our job and population growth, he sees more demand drivers coming down the pipeline, like the Panama Canal expansion, insufficient single-family lots (we’re down to a 2.1-month supply in Houston), and preleased office development. He thinks our market will get more liquid before it gets less. And he’s less concerned about that frothiness Clay sees—he says putting hard money on day one can be the only way to win a deal, and it makes sense for people who already own substantial footprints in Houston and know what they’re doing." |
http://ww1.hdnux.com/photos/24/20/65..._landscape.jpg
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Is that the new name?
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Embassy Suites is moving into 3 Hughes Landing.
Another new hotel on tap for The Woodlands Here's a possible rendering... http://splatter.com/wp-content/uploa...03/tumblrt.jpg :notacrook::worship: More hotel stuff out in Westchase. Westchase District draws extended stay hotels http://blog.chron.com/primeproperty/...-rendering.jpg http://blog.chron.com/primeproperty/...-rendering.jpg http://blog.chron.com/primeproperty/...img_2006_0.jpg |
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Came across the rendering for this today:
http://www.bizjournals.com/houston/n...build-new.html Anyone have more information? I haven't noticed any previous posts about it. Quote:
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New website launched for the Convention Center Redevelopment: http://www.houstonconventiondistrict.com/
http://www.houstonconventiondistrict...4/image003.jpg http://www.houstonconventiondistrict...20Images/3.jpg http://www.houstonconventiondistrict...20Images/2.jpg http://www.houstonconventiondistrict...20Images/1.jpg |
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Local unemployment rate dipped to 5.4 percent in August And Siemens buying Dresser-Rand is going to probably generate more demand for office space locally. DR is going to represent Siemens' oil and gas-related businesses, which will be headquartered in Houston. |
So what's being done with the State National Bank building?
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Some of you may have noticed I have an interest in local theatres. Progress on the Queensbury Theatre over in Town and Country is coming along. (and this photo doesn't do it justice).
http://i770.photobucket.com/albums/x...ps5c771d8d.jpg |
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http://www.houstonarchitecture.com/h...tion/?p=446061 |
New glass going up on the Central Bank Building. 9/21 by Triton
https://farm4.staticflickr.com/3906/...6bae742b_b.jpg |
Speaking of donated buildings:
https://ci5.googleusercontent.com/pr...BBS-medium.jpg This is going up on Washington Avenue, according to BisNow: "Houston firms are teaming up to build a new HQ pro bono for Big Brothers Big Sisters that will boost its capacity to mentor Houston’s youth. It’ll have a color-changing, three-story feature wall that should become a new iconic landmark..." |
Official Announcment
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So it will be built?
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Very nice Urbannizer, definitely liking the new glass on the Central Bank Building. :)
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Since this one's proposed for 24 floors and the existing one is 25 floors, it's obvious they're not twins (although they look identical in the photo). I wonder why the proposed tower was not also 25 floors.
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