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-   -   HOUSTON | Development Thread II (https://skyscraperpage.com/forum/showthread.php?t=114123)

Urbannizer Feb 14, 2017 7:00 AM

17-stories of senior living planned for Rice Village

Quote:

Bridgewood Property Co. has purchased a 1-acre property near Rice Village for a 17-story apartment high-rise for seniors offering an urban location with skyline views.

The Houston-based company expects to start construction on The Village of Southampton in 12 months. It closed on the property at the northwest corner of Kelvin and Robinhood this week. The seller has leased back the property for a year. The property currently is occupied by a bar.
http://ww1.hdnux.com/photos/57/12/34...4/920x1240.jpg

http://www.houstonchronicle.com/busi...e-10925074.php

Urbannizer Feb 15, 2017 2:42 AM

Buffalo Heights

New renderings. Demo permits were issued last week

http://zieglercooper.com/wp-content/...-1-940x626.jpg

http://zieglercooper.com/wp-content/...h2-768x512.jpg

http://zieglercooper.com/wp-content/...h3-768x512.jpg

http://zieglercooper.com/wp-content/...h4-768x512.jpg

http://zieglercooper.com/buffalo-heights/

The Best Forumer Feb 15, 2017 10:25 PM

Quote:

Originally Posted by Urbannizer (Post 7711212)

Is this the bar some of the residents have had issues with in the past?


Im sure current residents will be thrilled that their views will be blocked.

Urbannizer Feb 16, 2017 3:14 AM

Quote:

Originally Posted by The Best Forumer (Post 7713528)
Is this the bar some of the residents have had issues with in the past?


Im sure current residents will be thrilled that their views will be blocked.

Hans' Bier Haus, a different bar on Quensby Ave. It too is adjacent to the high-rise.

http://swamplot.com/spilling-it-to-t...rt/2010-01-13/

Urbannizer Feb 16, 2017 3:28 AM

801 Texas

https://c1.staticflickr.com/1/756/32...f3a7e2f2_b.jpg
hindesky

Theater Square

https://c1.staticflickr.com/1/722/32...9bacdbc4_b.jpg

https://c1.staticflickr.com/3/2094/3...a247d7a7_b.jpg
hindesky

photoLith Feb 16, 2017 3:31 AM

^ Whats going there?

JoninATX Feb 16, 2017 7:34 AM

Quote:

Originally Posted by photoLith (Post 7713875)
^ Whats going there?

New 10 st. parking garage sadly.

JManc Feb 16, 2017 5:47 PM

Quote:

Originally Posted by JoninATX (Post 7714004)
New 10 st. parking garage sadly.

If there's ground level retail, aesthetically pleasing and it's got some height (10 stories) then it's not that bad. Downtown needs garages..bad if its going widdle away at all the surface lots.

Urbannizer Feb 16, 2017 6:24 PM

The garage will have GFR; an office tower will be built above the garage when a tenant is secured.

Urbannizer Feb 16, 2017 7:08 PM

Photos: Luxury downtown apartment debuts in former Texaco building

Quote:

The Star has been born.

The former Texaco building at 1111 Rusk Street has been redeveloped into a 286-unit luxury apartment project and is ready for leasing, according to a release. It’s the first time the century-old building has invited guests since 1989.

Units are between about 730 to 1,730 square feet. There are 207 one-bedroom, one-bath units and 79 two-bedroom, two-bath units. The building's first tenants moved in late last month.
https://media.bizj.us/view/img/10341...usk-facade.jpg

https://media.bizj.us/view/img/10341...eet-arcade.jpg

https://media.bizj.us/view/img/10341...en-kitchen.jpg

Slyfox Feb 17, 2017 2:24 AM

Have there been any recent renderings for Theater Square? Is it still 41 floors?

ooooaaaah! Feb 17, 2017 4:19 PM

love that cross vault ceiling

TowerSpotter Feb 18, 2017 7:45 AM

Noel's Corporate HQ would be built on the existing surface parking lot and the parking garage will be in the back of the building.


Rendering:

http://www.houstonarchitecture.com/h...56dfee8f007927

Site:

http://www.houstonarchitecture.com/h...d314aa13355625

TowerSpotter Feb 18, 2017 7:47 AM

Research and Development project for West Houston, unknown client.

http://www.houstonarchitecture.com/h...397828290ece27

http://www.houstonarchitecture.com/h...1c3a06e70f2a33

http://www.houstonarchitecture.com/h...7e010893773fa8

Urbannizer Feb 18, 2017 10:32 PM

Quote:

Originally Posted by Slyfox (Post 7715080)
Have there been any recent renderings for Theater Square? Is it still 41 floors?

No recent rendering, but a rough model was shown last year. Looks to have gained a lot more curves. I'd guess the height has remained around ~650-700'/~40 floors, though the scale there is a bit off. 10-levels of parking vs. the 11-stories proposed before.

http://forum.skyscraperpage.com/show...7&postcount=78

Urbannizer Feb 21, 2017 8:35 PM

1825 San Jacinto

https://c1.staticflickr.com/3/2028/3...d8d2e02a_b.jpgUntitled by Ryan Clark, on Flickr

https://c1.staticflickr.com/3/2548/3...0e77d579_b.jpg

https://c1.staticflickr.com/3/2579/3...afeef8f7_b.jpg
hindesky

Broadstone Tinsley Park
https://c1.staticflickr.com/1/644/32...c87dcca8_b.jpg

https://c1.staticflickr.com/3/2900/3...101a7af4_b.jpg

https://c1.staticflickr.com/3/2185/3...2790fc42_b.jpg
hindesky

Encore Castle Court

http://www.houstonarchitecture.com/h...f6c4aa0c4b4ad7
houstonmidtown

Urbannizer Feb 21, 2017 8:48 PM

First Look: Inside The Wilshire luxury condo tower

Quote:

Pelican Builders Inc. has opened a model unit inside The Wilshire, a new luxury condominium tower going up in the Galleria area.

The Houston Business Journal got an exclusive sneak peek inside the two-bedroom, two-bathroom model unit, which spans 1,400 square feet and starts from the $700,000s.

Despite the energy downturn, Pelican Builders and its sales partner, Houston-based Sudhoff Cos., have sold 80 percent of the units inside the 17-story, 96-unit condo tower. The longtime Houston homebuilder and condo developer even found buyers for all 12 penthouse units, which span 4,000 square feet and costs up to $3 million.

“I’m pleasantly surprised by how (the condo market has) held up,” said Derek Darnell, president of Pelican Builders. “Houston has become truly an urban city, but there’s still not a huge supply of condos.”
https://media.bizj.us/view/img/10340739/dsc7089e.jpg

https://media.bizj.us/view/img/10107038/img7271e.jpg

Wattleigh Feb 22, 2017 6:56 PM

http://www.bizjournals.com/houston/n...-shopping.html

Quote:

Houston-based Weingarten Realty Investors (NYSE: WRI) announced Feb. 22 that it plans to build a 30-story residential luxury high-rise within the River Oaks Shopping District.

The tower will be located on the north side of West Gray at Driscoll Street, at the current site of Local Pour, Café Ginger and adjacent parking. It will include 300 luxury units and about 10,000 square feet of ground-floor retail. The project is tentatively expected to break ground in 2018 and be complete in 2021.

Hanover Co. and Ziegler Cooper Architects, both based in Houston, have been chosen to develop and design the tower. John Anderson, Weingarten’s regional development director, will oversee the development.

Urbannizer Feb 23, 2017 9:22 PM

Hanover BLVD Place will feature a clear-bottom cantilevered pool, similar to Market Square Tower Downtown.

Exclusive: Houston developer's latest Uptown apartment tower to have sky pool

Quote:

The Hanover Co. has broken ground on its second Uptown apartment tower,
which will feature a clear-bottom “sky pool” jutting out from the rooftop deck.

The Houston multifamily developer began construction Dec. 16 on Hanover Blvd Place, a 32-story, 281-unit tower on 1.5 acres off South Post Oak Lane. The new apartment building sits just south of the developer’s Hanover Post Oak apartment tower and north of Wulfe & Cos. Inc.’s Blvd Place mixed-use project.

Hanover Blvd Place, designed by Chicago-based SCB Architects, will complement its sister tower, featuring a simple, but elegant glass and concrete facade, said Brandt Bowden, Hanover’s managing partner for capital markets. SCB Architects also designed Hanover Montrose, the developer’s newest Houston apartment tower that opened in 2016.

However, the new tower will have two amenity decks: one on the fifth floor and one on the top floor. The lower amenity deck will feature a resort-style pool and outdoor space with landscaping and trees, while the top amenity deck will boast a party room with kitchen and a fitness center that overlooks the Galleria area and downtown Houston.

However, the centerpiece of the rooftop deck will be a clear-bottom, cantilever pool that will jut out between six and eight feet over the edge of the tower, giving residents the sensation of swimming in the sky 368 feet above street level. Similar “sky pools” have been built around in the world, including one in Market Square Tower in downtown Houston.

Hanover also plans to relocate its corporate headquarters into Hanover Blvd Place. The developer intends to move from its roughly 40,000-square-foot office space in San Felipe Plaza, 5847 San Felipe St., into a 61,000-square-foot office space located on the second to fourth floors in Hanover Blvd Place.

“We’ve been trying to find a way to do this for a while now,” Bowden said. “This is a great location for everyone in our company. It’s a little bit more room for modest expansion and we’ll have some opportunities to upgrade our space.”

The office space will also benefit apartment residents, Bowden said. With Hanover occupying some of the lower levels, the apartment units will start on the fifth floor, giving residents a better view and closer access to the lower amenity deck, he said.

Hanover decided to integrate its new office space into its latest apartment tower because building out its own office building didn’t make much financial sense, Bowden said. The developer is financing its office space independently from the residential tower, he added.

Hanover’s new office will be next door to the developer’s third Uptown project, now in the early development stages. When Hanover and its San Antonio-based capital partner United Services Automobile Association purchased a 2.5-acre site off South Post Oak Lane, the companies subdivided the land for Hanover Blvd Place and a third yet-to-be-determined project.

The future “phase three” project could be a number of different things, including more upscale apartments, senior homes or even a luxury hotel, Bowden said. If it’s a hotel, Hanover plans to partner with a hospitality operator to execute that strategy, he said.

“We’re just now starting to focus on what that last acre should be, and we acknowledge that there are opportunities beyond residential that will be a really good fit for existing uses in that area,” Bowden said. “But we are and we always will be a multifamily company.”
https://c2.staticflickr.com/8/7301/2...7d120517_b.jpg

The Best Forumer Feb 27, 2017 6:42 PM

Looks niiice!

The Best Forumer Feb 27, 2017 6:43 PM

Quote:

Originally Posted by Wattleigh (Post 7720230)

I hope it looks nice...

texboy Feb 27, 2017 8:13 PM

Quote:

Originally Posted by The Best Forumer (Post 7725328)
I hope it looks nice...

I hope it rolls in the same art deco style as the center...

Urbannizer Mar 1, 2017 12:25 AM

Levy Park reopens to crowds after $15 million reconstruction

Quote:

At the center of inner-city Houston, Levy Park's new appeal can be seen for miles.

The Upper Kirby park reopened Saturday to a sizable crowd of Houstonians flocking from several corners of the city.

The 5.2-acre plot was donated to the city by Wall Street investor and widely-known philanthropist Leon Levy in 1941. Extended members of the Leon family were present for the ceremonial ribbon cutting to commemorate the park's opening.
https://c1.staticflickr.com/1/581/33...fecdbe41_b.jpg
Levy Park Grand Opening by Arie, on Flickr

https://c1.staticflickr.com/3/2482/3...f4635717_b.jpg
Levy Park Grand Opening by Arie, on Flickr

https://c1.staticflickr.com/3/2947/3...ff5c0caa_b.jpg
Levy Park Grand Opening by Arie, on Flickr

https://c1.staticflickr.com/3/2100/3...5f08d1a8_b.jpg
Levy Park Grand Opening by Arie, on Flickr

https://c1.staticflickr.com/1/606/33...68d94be3_b.jpg
Levy Park Grand Opening by Arie, on Flickr

https://c1.staticflickr.com/1/576/33...65e72601_b.jpg
Levy Park Grand Opening by Arie, on Flickr

Tom In Chicago Mar 1, 2017 9:02 PM

^Link to the original article

http://www.chron.com/local/article/L...5-10959471.php

. . .

Urbannizer Mar 7, 2017 5:32 PM

Exxon Mobil Site Sold To Spear Street Capital For Major Mixed-Use Project in Houston

Quote:

HOUSTON - An affiliate of Spear Street Capital has acquired the former Exxon Mobil campus on Buffalo Speedway where it will develop a major, mixed-use project.

The property, almost 17 acres, is one of the finest urban infill sites in Houston, with a prime location between Richmond Avenue and West Alabama near Greenway Plaza.

The new development is expected include office, retail and urban residential buildings. Spear Street expects to define the size of the development's components as the planning progresses.

Spear Street is starting demolition and site preparation work, which will take a year to complete. Covered with oaks and acres of St. Augustine lawn, the low-density campus has several low-rise office buildings constructed in the early 1960s and several industrial buildings.
http://www.houstonarchitecture.com/h...cefdd678622a2c

JManc Mar 7, 2017 6:29 PM

There's a building (far right in that picture) on that campus that was built in 2004. I wonder if that one is doomed. It's a shame if it is...

Urbannizer Mar 9, 2017 5:59 PM

Metronational to break ground on luxe apartments at Memorial City Mall

Quote:

Aiming to further its reputation as a premier mixed-use destination, the owner of Memorial City Mall and much of the real estate around it will start start construction this month on an apartment complex with hundreds of luxury units and a rooftop pool.
The eight-story complex designed to house 327 apartments will be built just behind the mall at the northwest corner of Barryknoll Lane and Memorial City Way.

"This project is in response to the long-term demand for luxury residences in the Memorial City area," MetroNational President and Vice Chairman Jason Johnson, said in a statement.
http://www.houstonarchitecture.com/h...a5d868e045a2bc

http://www.houstonarchitecture.com/h...bdce38f1223800

http://m.chron.com/business/real-est...photo-12517654

Urbannizer Mar 16, 2017 8:42 AM

Amazon Eyes West Houston for Massive 1 Million SF Distribution Center with 1,000 Jobs

Quote:

Amazon Inc. has been scouting the Houston area for a massive distribution center and people in the real estate community say that Amazon is expected to construct the facility on the far west side of Houston along Interstate 10.

If the deal comes together as envisioned, the Amazon footprint will be impressive – approximately 1 million square feet. And the job creation will be noteworthy as well — 1,000 new jobs. Although there is no official announcement, people in the Houston real estate community say there is a high probability this deal will coalesce, according to a copyrighted story in Realty News Report.

Last month, the Seattle-based online retailer announced a fast-paced national expansion program that will result in Amazon hiring 100,000 employees over the next 18 months.
Amazon is currently building an 855,000-SF fulfillment facility in north Houston at Hines’ Pinto Business Park near the southwest corner of Interstate 45 North and Beltway 8.

Urbannizer Mar 16, 2017 2:36 PM

Midrise Apartments Set To Sprout from the Rubble at W. Gray and Taft

Quote:

THAT EMPTY LOT AT the southeast corner of Taft and W. Gray streets has been getting its concrete skin broken up and cleared out lately, a number of readers note, as early work for the Alta at West Gray apartment midrise and its basement parking gets going. (The particularly dramatic shot above of the Downtown skyline peering over the wreckage was captured during the Friday morning mist by reader MontroseResident, though a few other cameras were on the scene before and after.) Until 2009 the site housed the Good Neighbor Healthcare Clinic (a conversion of another ex-Weingarten’s grocery, according to the business); Good Neighbor had plans to build a midrise healthcare and community center on the site, but ended up selling the land to serial Alta developers Wood Partners early last year.
http://www.houstonarchitecture.com/h...8b08baacda.JPG

clubtokyo Mar 16, 2017 6:23 PM

Nice updates!

Urbannizer Mar 17, 2017 8:02 AM

801 Texas

https://c1.staticflickr.com/3/2855/3...11ea49ce_b.jpg
IMG_9917 by George Zimzores, on Flickr

https://c1.staticflickr.com/4/3889/3...5d82310f_b.jpg
IMG_9921 by George Zimzores, on Flickr

Alexan Downtown


https://c2.staticflickr.com/4/3852/3...da8fe88c_b.jpg

Catalyst

https://c1.staticflickr.com/1/596/33...b2612d08_b.jpg

The Best Forumer Mar 21, 2017 5:42 PM

Nice shots.

Urbannizer Mar 23, 2017 9:49 PM

Construction resumes on Capitol Tower:

http://ww3.hdnux.com/photos/57/77/26.../3/920x920.jpg

http://www.chron.com/business/real-e...s-11014566.php

Urbannizer Mar 29, 2017 8:51 PM

Springwoods Village's third hotel flag revealed

Quote:

A 337-room Marriott hotel will rise in Springwoods Village in late 2018, according to a release from Dallas-based Woodbine Development Corp. The hotel broke ground on March 29, per the release, and is expected to open in November 2018.

It'll be branded as a Marriott CityPlace, as it will open in the eastern end of CityPlace, a 60-acre mixed-use district within Springwoods Village. An exact street address wasn't provided.

“This Marriott will not only grow the area’s room count, it will also diversify the mix of accommodations and event space available here, allowing this thriving community to better serve business and leisure travelers,” said King Scovell, Woodbine's managing partner and chief development officer, in the release.

Woodbine is developing the hotel in partnership with CDC Houston and USAA Real Estate Co., per the release. Woodbine is also the hotel's asset manager. San Francisco-based Gensler designed the hotel, and Austin Commercial is the general contractor. Financials of the deal weren't disclosed.

Upon its completion, the hotel will stand at 10 stories and include 33,000 square feet of indoor and outdoor multipurpose space, which includes a grand ballroom, a smaller ballroom, five meeting rooms, a pool bar event space, a boardroom and an outdoor event space, per the release. It'll be the area's first full-service hotel.

The hotel's design will be inspired in-part by the area's natural assets – its nature trails, creeks and the surrounding forest. Designers are seeking LEED certification, the release states.
https://c2.staticflickr.com/4/3764/3...063c49cb_b.jpg

Monarch Mar 30, 2017 12:33 AM

http://www.montrealchateauchamplain....plain_logo.png
^^^ marriott city place is quite lovely... indeed.

Urbannizer Mar 30, 2017 4:47 AM

Amazon announces plans to build another 1M-square-foot facility near Houston

Quote:

Amazon.com Inc. (Nasdaq: AMZN) announced March 29 that it will build another Houston-area fulfillment center that will create 1,000 more full-time jobs, according to a statement.

The 1 million-square-foot fulfillment center will be in Katy and will be developed by Indianapolis-based Duke Realty Corp. (NYSE: DRE). The facility will pick, pack and ship larger-sized customer items, such as music equipment, sports gear and electronics, the statement said.

At a special meeting earlier this month, the Katy City Council approved an ordinance to annex two properties for the new Amazon facility, Covering Katy reported. According to the agenda for the meeting, the properties total about 87 acres of land near Woods Road and U.S. Highway 90, which is west of the city of Katy.

This will be Amazon’s 10th fulfillment center in Texas since it launched operations in the Lone Star State in 2013. The Seattle-based company currently has more than 10,000 full-time Texas employees across seven existing facilities in Coppell, Haslet, Dallas, Fort Worth, Schertz and San Marcos. The company also is building facilities in northwest Houston and Coppell.

Urbannizer Mar 30, 2017 4:59 AM

Demo underway for Phase III of CityCentre:

http://swamplot.com/wp-content/uploa...-demo-long.jpg

http://blog.chron.com/primeproperty/...-Rendering.jpg

The Best Forumer Mar 30, 2017 8:50 PM

I like the building on the far right.

Twitter1 Apr 4, 2017 12:18 AM

Quote:

Originally Posted by Urbannizer (Post 7756612)

Great news!

Some people don't like Amazon due to their (shady?) business practices but I support them.

Now only if we can get one of those Amazon towers like they have in Seattle's CBD :P

ooooaaaah! Apr 4, 2017 1:52 PM

Big concrete pour at the Hanover residential high rise construction.

https://i.imgur.com/bJ0tlIZ.jpg

Urbannizer Apr 5, 2017 8:02 PM

Developer plans to add more luxury retail in Uptown

Quote:

Stonelake Capital Partners has hired commercial real estate brokerage CBRE to scout retailers and businesses in need of office space for the next phase of its development on Westheimer at Mid Lane.
The company is planning two four-story buildings each with 105,000 square feet of retail space on the first and second floors and another 105,000 square feet of office space on the top two floors.The commercial space will be built atop two levels of below-ground parking.

Last year, Stonelake said it planned to create a 5-acre park at the front of the site, but it was scaled back to 2 acres.
"The below-grade parking and substantial park are significant investments that we are confident will greatly enhance the pedestrian experience along Westheimer, providing an approachable and inviting project that all Houstonians will be able to enjoy," Stonelake's William Peeples said in a statement Wednesday.

Beck Architecture is the project designer and Studio Outside is the landscape architect.

Stonelake said it will break ground in the third quarter of this year with completion scheduled for early 2019.
http://ww2.hdnux.com/photos/60/25/45.../5/920x920.jpg

JoninATX Apr 6, 2017 1:49 AM

Katy Boardwalk breaks ground

Quote:

By Jake Snyder
March 22, 2017

The city of Katy has broken ground on the Katy Boardwalk District, a mixed-use project including a boardwalk, nature trails, two loft-living apartment complexes, retail stores and restaurants.
https://communityimpact.com/houston/...aty-boardwalk/

JoninATX Apr 13, 2017 12:55 AM

BOA has confirmed that it will moved into Capitol Tower

Quote:

4-12-2017

Skanska announced today that it will start construction on Capitol Tower, a 35-story Class-A office development in the heart of downtown Houston, after reaching a lease agreement with Bank of America.
http://www.usa.skanska.com/News--Pre.../?nid=hwwtfyji

The Best Forumer Apr 13, 2017 9:29 PM

Quote:

Originally Posted by joninatx (Post 7763899)

ugh

plutonicpanda Apr 15, 2017 12:24 AM

Quote:

Originally Posted by The Best Forumer (Post 7772510)
ugh

Sorry I'm not familiar with this project. Do you not like it? It seems like a pretty cool project.

shakman Apr 15, 2017 3:49 AM

Quote:

Originally Posted by plutonicpanda (Post 7773731)
Sorry I'm not familiar with this project. Do you not like it? It seems like a pretty cool project.

Too many surface parking lots.

plutonicpanda Apr 15, 2017 5:31 AM

Quote:

Originally Posted by shakman (Post 7773879)
Too many surface parking lots.

I see it. However those can be developed later if this really takes off.

Urbannizer Apr 18, 2017 12:57 AM

Tradition Senior Living starts 316-unit Buffalo Speedway project

Quote:

Dallas-based Tradition Senior Living will turn a long vacant parcel of land on Buffalo Speedway and South Main Street into a high-end rental community for seniors.
The project, named The Tradition-Buffalo Speedway, will contain 316 units with initial opening planned in late 2018, according to Jonathan Perlman Jr., a development associate with Tradition Senior Living.

The 12-acre site will hold 222 independent living units, 63 assisted living and 31 memory care units, Perlman said.
http://ww2.hdnux.com/photos/60/42/15.../3/920x920.jpg

Urbannizer Apr 21, 2017 1:31 AM

Blossom Hotel Project Transforms, Expands Reaches Build Phase

Quote:

Almost two years have passed since a Houston company proposed a nine-story hotel to be built near the Texas Medical Center. Since then, the project has morphed and grown and finally reached the construction phase.

Zhejiang Blossom Tourism Group Houston LLC chose a location centrally located to serve the many surrounding hospitals and clinics. It was originally envisioned as a budget hotel with an adjacent six-level parking structure. The working title in 2015 was Blossom Hotel and Suite, but the name has since changed to Blossom Hotel Medical Center, 7118 Bertner Ave.

According to state records, the project originally had an estimated cost of $30.7 million. The price tag has gone up and so has everything else.

Zhejiang Blossom Tourism Group Houston LLC is not known for land development, and has not released an explanation for the design changes. It may be that news of the Texas Medical Center's intention to invest $1.5 billion into a new campus that is directly across Bertner Avenue from their property inspired the developer to re-think and upgrade.

In any case, the architectural documents are complete and subcontractors have until May 15 to submit bids on a project that will be going to construction sometime this summer. The project is expected to take 18 months to complete.

At a recalculated cost of about $94.7 million, this is now a 16-story hotel that faces Bertner Avenue. It will have an adjacent eight-level parking garage along LeHall Street with capacity for 269 vehicles. Access into and out of the parking garage will be from Bertner Avenue and Saint Agnes Street.

The hotel is positioned toward the southeast corner of the property at Bertner and St. Agnes, and will include meeting rooms, private dining and other amenities. There will be 265 guest rooms. The hotel's area is 400,000 square feet, according to the construction documents.
http://www.houstonarchitecture.com/h...c7b5b1b4cd1230

Urbannizer Apr 21, 2017 1:43 AM

Houston's Blvd Place mixed-use development sold to local REIT, another building planned

Quote:

Houston-based Whitestone REIT (NYSE: WSR) announced April 19 it plans to buy Blvd Place, a mixed-use development in Houston’s Galleria area, and build an additional phase.

The real estate investment trust also announced it would buy Eldorado Plaza in the Dallas area in a separate transaction. Combined, Whitestone is spending $204.6 million on the two deals, which are expected to close in May.

Blvd Place is a Class A lifestyle center with 216,944 square feet of leasable space. Whitestone also acquired approximately 1.43 acres of developable land, where the REIT will build another phase of the development.

Blvd Phase II-B will be a six-story, 137,000-square-foot building, including 46,000 square feet of retail space on the first two floors and 91,000 square feet of office space on the top four floors. Whitestone expects the project to cost $45 million, but information about the construction timeline was not included in the announcement.
http://ww1.hdnux.com/photos/43/34/60...9/920x1240.jpg


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