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There's a small residential development goin in at the Southwest corner of Studemont & Center. I live around the corner, but I've been super busy. All I can see is "Occupancy 2015". Looks like a nice lil residential complex
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Block 387: Soil testing, rumor is that it will be yet another residential development for downtown. Photo by Drlan34
https://farm8.staticflickr.com/7464/...8e3673ba_b.jpg Central Square: By DrLan34 https://farm8.staticflickr.com/7571/...837e510d_b.jpg 500 Crawford: By Nate99 https://farm4.staticflickr.com/3942/...38ca5fd6_b.jpg Texaco Building: By Nate99 https://farm6.staticflickr.com/5607/...9c07d683_b.jpg |
While we're building schools, the British International School has announced a new 275,000 sf campus out in Katy. No renders yet. It is supposed to have room for 2,000 students.
Houston international school to develop new campus near Katy |
Most new construction of any US city in 2014! Houston is a beast right now!
http://www.forbes.com/sites/erincarl...ction-in-2014/ |
Amegy Bank HQ: The old Micro Center is now being demolished for the ~20-story tower. No renderings yet.
http://www.houstonarchitecture.com/h...1415816019.jpg |
Ground breaking ceremony today for the Nau Center for Texas Cultural Heritage
https://pbs.twimg.com/media/B2ROzjqIYAEXXni.jpg:large |
Very disappointed in the building itself.
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It's pretty freaking ugly. But whatever, anything is better than an empty lot downtown and the lots are quickly filling in which I wouldn't have thought three years ago would be happening at this rapid of a pace now.
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You said the Nau Center building is UGLY? I like it!
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https://farm8.staticflickr.com/7554/...1293e5e6_b.jpg
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I've not seen a separate thread for this building, and it's getting close to done. Noble Energy Tower. 11/9 by hldjhn987 at HAIF:
http://i256.photobucket.com/albums/h...7/DSC00346.jpg http://i256.photobucket.com/albums/h...7/DSC00348.jpg |
It's nice seeing some activity on Block 387. We need the parking lots along the light rail in downtown to fill up.
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The Wedge Tower rebranding (to 1415 Louisiana) will commence the kick-off of the Hilton Garden Inn downtown, due to start construction in Q4 (that gives them 45 days to get started).
Wedge Transforming Downtown Property: New Hotel and Upgrade to 43-story Office Tower |
Camden Conte: Rendering revealed, from the next downtown development map.
https://farm6.staticflickr.com/5609/...e5178b99_b.jpg https://pbs.twimg.com/media/B2WE5baIEAAJykb.jpg The Cosmopolitan of Houston: Rendering revealed. https://farm6.staticflickr.com/5607/...b673c637_b.jpg |
Very nice; it clears up a few mysteries. Any start dates for both?
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An interesting day in the oil business could boost Houston's demand for office space - or consolidate it. AMEC and Foster Wheeler just merged, and identified Houston as their hub for the Americas. And Halliburton may be buying Baker Hughes...
Energy engineering giants merge, will base Americas unit in Houston Halliburton Said to Be in Talks to Acquire Baker Hughes |
Marlowe: Here's the condo tower planned by Randall Davis
https://farm8.staticflickr.com/7498/...2fb68938_b.jpg |
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Cosmopolitan of Houston: 3Q 2015 Start Date - 3Q 2017 Completion |
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And 5 Allen Center is back to 50 stories again (assuming that image is not outdated). |
What, me worry? (says Swamplot, citing many sources)
DON’T Y’ALL GO WORRYING ABOUT THE FALLING PRICE OF OIL NOW |
Wow, so many new renderings! I really like the Marlowe. The Camden project looks like the Catalyst, but that's a good design, so I'm not complaining. The Cosmopolitan will fit in nicely around the ballpark.
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1800 San Jacinto (Block 384): They've altered the design.
https://farm9.staticflickr.com/8577/...d9ed99e3_b.jpg The Hamilton: https://farm6.staticflickr.com/5605/...0cbcf76b_b.jpg |
So is the Cosmo Downtown any relation to the Cosmo Uptown?
I like the design for the Hamilton; it could have been a lot worse. |
Houston is about to experience a Surge...
New developer launches 10 residential projects in central Houston And it will all be needed. Transwestern forecasts strong Houston commercial real estate market in 2015 |
If all these DT developments happen, you guys realize that's a 30% reduction in the surface parking lots right?
Infill nation in DTH. |
I do not want to see any stories on The Shortage of Surface Parking...:koko::notacrook:
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BTW love the renderings. Yes, yes, lots and lots of infill. That's all that matters. Infill. |
THE HAMILTON, seems to boast a strong, well put together, tasteful, along with very clean lines.. prospective edifice. i am happy as per this strong design as per that particular vicinity of the cbd... well done indeed!
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Technip pre-leases more office space:
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This is another reason why I'm not as concerned about overbuilding in the office sector. There still seem to be plenty of tenants, some of whom are looking to increase the size of their staffs.
BisNow also had a brief mention of Verde Parc and the changing pattern of outlet mall development. If this happens, it's going to be very close to Katy Mills (though it was originally mapped out as a mall development before it got sold by Simon Properties): https://ci4.googleusercontent.com/pr...arc-medium.png "To keep up with demand, retailers have started manufacturing MFO (made for outlet) merchandise. Next on Ed’s agenda: leasing the retail components of Verde Parc (120 acres along the Grand Parkway in West Houston that’ll feature office, multifamily, restaurants, hotel and retail). The site (pictured) actually used to be owned by Simon but was purchased by Parkside Capital at the beginning of the year. He’ll start talking with users and site developers in early 2015" |
Incidentally, Houston seems like a good place for MFO manufacturers to locate, and if there are hints the energy industry is slowing down, a few of these will help with the job creation and space absorption. The GHP should be talking to prospects, especially those who use oil-based plastics and related products.
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Nah - they will probably be in addition. The MFO's are manufacturing jobs.
Oil was up $2 a barrel today. We'll see if it's a mirage. |
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More details on the Marlowe have been provided by Swamplot - including an address - 1211 Caroline Street. Meanwhile, inflation being what it is, 20 is now 18 (though it could still be 20)...
Here’s a First Glimpse of the Actual Design for the 100-Unit Condo Tower Randall Davis Wants To Put at the End of GreenStreet Downtown http://swamplot.com/wp-content/uploa...-rendering.jpg |
And in a bit of unfortunate news, Tilman Fertitta of Landry's went on a rant and claimed Houston could be at the epicenter of a real-estate bubble popping and that inflation is incredible (probably because he's priced building materials recently). I wonder if he is getting ready to quietly back-burner his hotel proposal...
TILMAN FERTITTA SEES AND SMELLS A NATIONWIDE REAL ESTATE CRASH, STARTING IN HOUSTON |
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I am always amused by articles that talk about the boom slowing, for two reasons. First they are saying job creation will slow to 90,000 a year, which is higher than it was five years ago. Second, they always revise the predictions upward; last year at this time, they said job growth would "slow" to 70,000 a year. Office absorption will "only" be 14 million sf in two years ("only" because 20 million sf of new office space will be completed in that time frame). I guess that's like saying Ben Stein is "only" on the rubber chicken circuit for the speaking fees (and he "only" lost his hair within the last decade).
HOUSTON'S BOOM BEGINS TO FIZZLE https://b256ec319b64095c3d1d-e19f06f...tein-large.JPG |
Menil Drawing Institute: Moar renderings, construction begins in January. A residential high-rise by Hines is also planned for Menil.
https://farm8.staticflickr.com/7462/...4d30ee6f_b.jpg https://farm6.staticflickr.com/5612/...cf4fd24d_b.jpg https://farm6.staticflickr.com/5608/...757de303_b.jpg https://farm8.staticflickr.com/7464/...e90a98cb_b.jpg https://farm6.staticflickr.com/5606/...7085f726_b.jpg https://farm8.staticflickr.com/7517/...e87fbfa2_b.jpg https://farm8.staticflickr.com/7489/...3b27d781_b.jpg https://farm6.staticflickr.com/5611/...8c48bf6a_b.jpg |
Some updates over the past few days:
Elan Heights: Photo by Triton https://farm8.staticflickr.com/7563/...70f64456_b.jpg Hardy Yards: Activity going on. https://farm6.staticflickr.com/5608/...d3986f4d_b.jpg https://farm8.staticflickr.com/7475/...56ea64a8_b.jpg https://farm8.staticflickr.com/7554/...6e9c9440_b.jpg The Hudson: Photo by larrydierker https://farm8.staticflickr.com/7518/...30ce75ff_b.jpg Broadstone Midtown Phase II: https://farm6.staticflickr.com/5605/...4d19417a_b.jpg Lakes on Post Oak: Rumor is that this is multifamily with retail, but may also include hotel/condo and office. https://farm8.staticflickr.com/7540/...5a7d4b12_b.jpg https://farm6.staticflickr.com/5603/...b71a9653_b.jpg |
Transwestern says it's still hot here. Office absorption of 4.8 million sf in nine months - more than all of last year.
Report: Houston's office market a national leader |
:( :( My favorite store in Houston knocked down...Microcenter. I know they built a new one...in a horrible spot by the old one wreaked of nostalgia. I bet their were boxes of Windows 95 disks in boxes in the back along with a few Bondi-blue iMacs...
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I'm sure there were even a few 256k floppies in 5 1/4" sleeves.
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I'm pretty sure I saw a picture of this one once before. LaCenterra IV, on the Grand Parkway; BisNow says it's expecting a Q2 2015 lift-off:
https://ci5.googleusercontent.com/pr...ing-medium.jpg |
An article about possible wage hikes coming to more of the country produced the following highlight that may explain a lot of what's slowing down projects in the market:
"...At Houston-based Camden Property Trust (CPT), one of the biggest U.S. apartment owners, half of 14 projects under construction or being leased for the first time are as much as six months behind schedule because “we don’t have enough workers,” Chief Executive Officer Ric Campo said. Competitors are so brazen that recruiters will venture onto Camden work sites, he said. “We have had situations where people have pulled up and said ‘Hey, I’ll pay you $100 cash right now if you come to my job,’” Campo said. He estimated that labor costs are helping boost building expense 5 percent to 15 percent. Signing Bonuses Jockeying for Houston workers goes beyond energy, according toRay Perryman, president of Waco, Texas-based economic consultant Perryman Group. Construction and even restaurant employees have received signing bonuses, he said by e-mail..." Wages to Rise on Signs of Improving U.S. Job Market |
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