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HOUSTON | The Driscoll | 345 FT / 105 M | 29 FLOORS

http://www.houstonchronicle.com/busi...s-10951133.php

Quote:

Weingarten to add 30-story tower to River Oaks Shopping Center
By Nancy Sarnoff, Houston Chronicle
February 22, 2017
Updated: February 22, 2017 12:14pm

Weingarten Realty announced plans Wednesday to add a 30-story residential tower to the River Oaks Shopping Center.

The Ziegler Cooper-designed, Hanover-developed building would have more than 300 luxury units and an estimated 10,000 square feet of ground-floor retail space.

The development site is the north side of West Gray and Driscoll Street. The area includes the building area east of Brasserie 19 in the spaces currently occupied by Local Pour, Café Ginger and a parking lot.

Construction is tentatively scheduled to begin in 2018 with the opening estimated in 2021.

Architectural plans from a document requesting approval for demolition.

29-stories at 339' feet, approx 11,000 sq feet of retail, eight parking levels with two below ground.

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Weingarten to Develop 30-Story Apartment Tower in Houston

Quote:

Weingarten Realty will develop The Driscoll at River Oaks, a 30-story apartment tower located near the Kroger-anchored River Oaks Shopping Center in Houston. The property will feature more than 300 units and approximately 10,000 square feet of ground-floor retail. Construction is scheduled to begin in 2018 with completion slated for 2021.

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Weingarten’s new high-rise at River Oaks Shopping Center underway

Quote:

Houston-based Weingarten Realty Investors (NYSE: WRI) started demolition work in early July to clear the way for its 30-story, 318-unit luxury high-rise that will tower above its River Oaks Shopping Center off West Gray.

The Driscoll, set to deliver by 2021, is the publicly traded company’s first foray into Houston’s residential market in 15 years. The company has owned the roughly one-acre high-end retail destination since 1971.

Houston-based Hanover Co., the developer and contractor for the project, filed a $26 million building permit with the city of Houston but total construction costs weren't disclosed. The luxury high-rise will sit atop 10,000 square feet of retail, which will be a mix of “high-end restaurants and additional specialty retail that will complement the existing tenant mix at River Oaks Shopping Center,” said Gerald Crump, a senior vice president with Weingarten, in an email.

In 2017, Drew Alexander, Weingarten’s president and CEO, told the Houston Business Journal this likely won’t be the company’s last high-rise development in Houston. Crump said there aren’t any definite plans to add residential towers at this time, but the company “continues to seek opportunities” that can add value.

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