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Just a few weeks ago they decided to knock down the garage and rebuild it as well. |
On the tract on the other side of Landry's from the proposed hotel, CBRE is taking offers and has set a deadline of November 18 (a month from last Saturday). The lot is 2.71 acres. No word yet on what it could be...
Deadline set for offers on vacant Galleria-area site http://blog.chron.com/primeproperty/...AP-600x579.jpg |
Yet another sign that there continues to be strong leasing demand downtown.
LNG company establishes headquarters in Houston Parallax Energy, a new liquefied natural gas partnership, has established its headquarters at 1201 Louisiana in Houston... And HBJ in its 10/24 edition has an interview with the co-CEOs of Just Energy. They are currently looking for 10,000 sf of office space. |
BisNow has once again mentioned high-rise residential coming to the Galleria. No timing or details. From the article:
"4. Malls are still big here We’ve got two major mall expansions in the works when enclosed-mall construction nationwide is all but dormant. The Galleria is growing—Saks opened a new 198k SF store, freeing up 110k SF in the Galleria to be subdivided into restaurants and retail. The mall is also adding a multifamily tower..." |
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https://farm3.staticflickr.com/2938/...31f55817_b.jpg |
Looks good.
Since Marriott is aFfiliated with Ritz-Carlton and they just opened a JW, is there a shot that Houston will ever get a Ritz? |
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Wow, that turned out better than I was expecting. I also agree that Ritz needs to come to downtown Houston. Downtown seems to be attracting more luxury projects, with the proposals for the Randall Davis condo tower and Hotel Alessandra, so Ritz definitely would belong.
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Reviews of this hotel so far on Tripadvisor are excellent (just 7 reviews so far).
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looks amzing
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The Methodist Hospital in the Woodlands just broke ground.
Houston Methodist breaks ground on The Woodlands hospital http://ww4.hdnux.com/photos/32/66/43.../3/622x350.jpg And that's not all. The Texas 242 crossing of I-45 is ramping up: Woodlands intersection primed for future growth http://ww2.hdnux.com/photos/32/64/10.../3/622x350.jpg |
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Yet more evidence the demand for office space continues: newly opened office of UK company looks for 20,000 sf of space:
Newly launched London energy company to open Houston office "...Xodus Subsea is currently working with CresaPartners LLC to find about 20,000 square feet of office space in the Energy Corridor within the next few months to serve as the North American headquarters for the new company, said Matt Kirk, Xodus Subsea's managing director..." |
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That Marriott reno looks fantastic! I hope their business stays busy there.
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Has anyone posted this yet? The house at the corner of Riverside and Almeda was torn down and this lot as well as the adjacent vacant lot have been fenced in. The fencing has an ad for a new development to be built elsewhere called Museum Flats but the website has no information yet.
http://i15.photobucket.com/albums/a3...026_084648.jpg The intended use for the two lots mentioned has something to do with an "unrestricted reserve." http://i15.photobucket.com/albums/a3...026_084747.jpg |
This wouldn't be the reason for the recent *cough* zoning *cough* of the Riverside Terrace, would it?
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There are some other residential midrises starting to come above ground, according to photos on HAIF. Examples below:
Dolce Living. Supposed to be six floors on parking. 10/25 by Triton at HAIF: https://farm4.staticflickr.com/3946/...501a8106_h.jpg Also 10/25 by Triton at HAIF: Broadstone Skyline: https://farm6.staticflickr.com/5600/...6a4cce3a_h.jpg The Hampstead - Five floors. 10/26 by HoustonMidtown at HAIF: http://www.houstonarchitecture.com/h...1414342943.jpg 500 Crawford - seven floors, next to the Ballpark. 10/25 by Triton at HAIF: https://farm4.staticflickr.com/3945/...e3898e6b_h.jpg EaDo Station Apartments. Supposed to be four floors of residences. 10/12 by hindesky at HAIF: http://www.houstonarchitecture.com/h...1413143651.jpg Alexan Yale Street: 10/08 on HAIF: http://www.alexanheights.com/wp-cont...r-1024x791.jpg http://vertika-se.com/images/News%20...%20Pic%201.jpg And on block 334, near the Skyhouse: 10/25 by Triton on HAIF: https://farm4.staticflickr.com/3928/...b999ed78_h.jpg The Jefferson, a seven-floor beige thing on Memorial, has also begun to rise. 10/18 by HoustonMidtown at HAIF: http://www.houstonarchitecture.com/h...1413658861.jpg The Alexan Midtown. 10/12 by Hindesky at HAIF: http://www.houstonarchitecture.com/h...1413143491.jpg |
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Riverside Terrace is on the other side of 288 and South of Braes Bayou. |
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BisNow just posted word on the groundbreaking for Spring Valley Medical Plaza. Note the rental rate:
Spring Valley Medical Plaza http://s.lnimg.com/photo/poster_768/...7c050f1d56.jpg |
https://farm4.staticflickr.com/3956/...df2f4559_c.jpg
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Better late than never, since they're already moving dirt. The Chron's business page has the ground-breaking for the Carter (which is on 4 Chelsea Street).
Museum District to get new luxury high-rise http://blog.chron.com/primeproperty/.../10/CARTER.jpg |
The end of August saw apartment occupancies reach a record - 91%. Expect the construction of highrises, midrises, wraps and mixed-use developments to continue.
Renters scooping up apartments at historic rate http://blog.chron.com/primeproperty/...14/10/CBRE.jpg |
The TI redevelopment must be really good news for Stafford.
Don't they have basically no taxes except sales tax and various franchise and business license fees? All for a small city that has somewhat more public services than its neighbors and runs the only municipal school district in the state of Texas. |
What may be encouraging Brookfield to build Allen Center 5 is the fact that the rest of the complex has just about leased up. BisNow has the details:
"The Allen Center started this year 88% occupied. Now thanks to 370k SF of leasing year-to-date, it's nearly full. (It's longer lines in the lunch room, but more variety for office-wide potlucks. These are life's trade-offs, folks.) Cassidy Turley started leasing the 3.1M SF, Class-A Downtown property in January and has brought on 10 new tenants (up to 95% occupied). Among the new firms is Memorial Resource Development, a new entry to Houston, which took down 125k SF in a long-term lease. Allen Center owner Brookfield renovated the property recently, adding new ceiling grids and light fixtures." |
http://swamplot.com/wp-content/uploa...na-parking.jpg
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If the apartments are like the residential developments in Katy, probably $1200 for a one-bedroom. If they are a typical wrap, perhaps $1400. They may get more for something really high end, but the neighborhood doesn't seem to be the most favorable for that kind of development.
I'm curious about the highrise that is displacing El Tiempo, as the location is nowhere near any of the other highrise proposals that have appeared either here or on the HAIF boards. We'll have to see what it is. |
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I did hear a rumor of highrise for the parking lot just north of Little Bigs currently being used by Aladdin and Charles Armstrong's bars on Pacific Street, a separate project altogether from the one where Hollywood Vietnamese is. Montrose north of Westheimer might be unrecognizable in two or three years. |
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http://swamplot.com/the-8-story-apar...ts/2014-10-29/ |
Well, that's a little underwhelming. But I'll be interested to see the renders for this when it comes out...
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A luta continua...
Houston multifamily demand to continue in 2015 At a ratio of 1 new apartment for every 5 jobs, Houston would need all 24,000 of the apartments currently under construction. |
http://ww3.hdnux.com/photos/32/76/20...5/784x2048.jpg
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I really like this building. The whole area around the ballpark will be totally transformed once all these projects get built.
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I've been seeing announcements Downtown. However this company opted for Westchase:
Engineering company moves U.S. HQ to Houston Meanwhile, demand for Downtown office space by foreign investors continues to be hot: 1000 Main is expected to sell for $526/sf - which would be a record. Houston’s real estate market continues to attract foreign investors |
Here are some pictures from mlyounge83 on Haif.
609 Main: https://farm6.staticflickr.com/5608/...3b476424_b.jpg 1111 Travis: https://farm4.staticflickr.com/3948/...99701663_b.jpg |
AmREIT, which spurned an offer from Regency Centers, then announced a massive program of new construction for Uptown Park, has agreed to be sold to Edens Investment Trust for $26.55 a share. This could mean a change of plans...
Uptown Park owner to be acquired in $763M deal |
If anyone thought things had slowed down on the Phillips 66 campus, there's a reason - Gilbane has been brought in to finish the project.
Phillips 66 switches contractors on new Houston campus |
With occupancy at 91%, Houston apartments are getting expensive. More expensive than - Portland (!)
A spike in rent squeezes many Houstonians to the fringes |
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I believe that's Phillips 66. CoP is in Energy Centers III and IV.
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