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

toxteth o'grady Jan 20, 2015 3:40 AM

Someone (Realty News, I think) gave a summary of the 17 million sf of new space under construction. Supposedly there are lease commitments for all but 7.5 million sf, which surprised me, as it means 10 million sf have been pre-leased. Some of the buildings won't be delivered for 2-3 years. Is 7.5 million sf of uncommitted new space going to tank the market, or is another shortage looming a couple of years down the road?

Urbannizer Jan 20, 2015 6:13 AM

Johnny Steele Dog Park at Buffalo Bayou: Grand Opening

https://farm9.staticflickr.com/8615/...d48fe95e_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm8.staticflickr.com/7559/...eced89d0_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm9.staticflickr.com/8597/...082cafc8_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm8.staticflickr.com/7538/...8fe9ed73_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm8.staticflickr.com/7545/...abfe8afa_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm9.staticflickr.com/8671/...bcdbbbef_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm8.staticflickr.com/7555/...7846cc5d_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

https://farm9.staticflickr.com/8667/...51ed2b2c_b.jpg
Johnny Steele Dog Park Grand Opening by Arie on Flickr

BHP Billiton

https://farm9.staticflickr.com/8582/...4febe911_b.jpg
2015 Chevron Houston Marathon by Arie on Flickr

https://farm8.staticflickr.com/7486/...e655cf9c_b.jpg
2015 Chevron Houston Marathon by Arie on Flickr

Elan Heights: By jstigall on HAIF

https://lh3.googleusercontent.com/-y..._134504542.jpg

https://lh3.googleusercontent.com/-q..._134507687.jpg

Michi Jan 20, 2015 12:35 PM

There was some activity on the site of Market Square Apartments yesterday when I was passing by!
https://farm8.staticflickr.com/7513/...ff06d133_b.jpg

https://farm9.staticflickr.com/8562/...b884d165_b.jpg

https://farm9.staticflickr.com/8676/...12cd3ceb_b.jpg

TexasPlaya Jan 21, 2015 5:01 PM

Quote:

Originally Posted by HoustonHorns (Post 6881438)
One Market Square may be dead, but maybe he meant the 40-story Market Square tower, which is under construction. I think that one will be 502 feet.

Overall, the list looks good. I just wish more were under construction in downtown. Only 6 over 200 feet are under construction from the list if you remove the Skyhouse. I know that there are also some mid-rises going up in downtown, but I just wish there were more.

To put in perspective, this is the largest downtown boom since the 80s.

JManc Jan 21, 2015 5:13 PM

One Market Square is not dead. They just started it. See Michi's photos above...

shakman Jan 21, 2015 7:38 PM

Quote:

Originally Posted by JManc (Post 6883590)
One Market Square is not dead. They just started it. See Michi's photos above...

Please correct me if I am wrong. It appears Michi, houston19514 and Urbannizer are referring to two different developments.

HoustonHorns Jan 21, 2015 7:41 PM

Quote:

Originally Posted by TexasPlaya (Post 6883562)
To put in perspective, this is the largest downtown boom since the 80s.

I'm aware of that. This is certainly a big boom for downtown Houston. But the ratio of only 6 of the city's 29 under construction buildings over 200 feet being in downtown seems low to me and I wish that more of those were being built in downtown.

HoustonHorns Jan 21, 2015 7:43 PM

Quote:

Originally Posted by shakman (Post 6883857)
Please correct me if I am wrong. It appears Michi, houston19514 and Urbannizer are referring to two different developments.

You are correct. Michi posted photos of the Residences at Market Square, which just started construction. One Market Square is the office tower that used to be known as International Tower. Most believe that that one is dead.

Houstono Jan 22, 2015 12:58 AM

I believe that One Market Square may NOT be dead. I believe that it just might be a large delay of construction.

Urbannizer Jan 22, 2015 1:56 AM

Allen Parkway Improvements:

https://farm9.staticflickr.com/8577/...a8cc5a76_b.jpg

Quote:

Increased parking along Allen Parkway, realignment of the Parkway with I-45 ramp improvements now scheduled by TxDot, elimination of the dangerous left lane merge to I-45 South, and additional traffic signals to west bound traffic.

TexasPlaya Jan 22, 2015 3:37 AM

Quote:

Originally Posted by Urbannizer (Post 6884428)

Good news. Happen to have a link for further reading? I'm a big fan of the Buffalo Bayou upgrade but they really need to do a better job of connecting it to the neighborhoods and offering more parking. I can't imagine where all those people parked for the dog parking opening.

rellott Jan 22, 2015 4:49 AM

I walked.... hehe :D

rdavis4559 Jan 22, 2015 4:58 AM

Quote:

Originally Posted by HoustonHorns (Post 6883863)
I'm aware of that. This is certainly a big boom for downtown Houston. But the ratio of only 6 of the city's 29 under construction buildings over 200 feet being in downtown seems low to me and I wish that more of those were being built in downtown.

I'm used to it by now. Sticking everything tall downtown used to be a fantasy of mine but my will has been broken and now I just see it as passé. I'm all for density but being atop an especially tall highway intersection or building at a viewpoint where many of Houston's various skylines seem to connect to create one mega skyline always excites me more than just seeing the solid mass that downtown is as I approach it.

Urbannizer Jan 22, 2015 5:28 AM

Skyhouse River Oaks: 1/20 by ahkelly

https://farm8.staticflickr.com/7489/...be2f8621_b.jpg

toxteth o'grady Jan 22, 2015 5:30 AM

Quote:

Originally Posted by JManc (Post 6883590)
One Market Square is not dead. They just started it. See Michi's photos above...

Given Swamplot's statement, the Hines Market Square project is definitely underway.:cheers:

But a project deferred is a project dead.

Urbannizer Jan 22, 2015 5:32 AM

Hotel Alessandra: New design, very unfortunate...

https://farm8.staticflickr.com/7550/...35d4e9d5_b.jpg

toxteth o'grady Jan 22, 2015 5:33 AM

Ugh. I guess all the investment is going to be in the interior.:slob:

HoustonHorns Jan 22, 2015 7:14 AM

Wow. You're right, this is very unfortunate :(

shakman Jan 22, 2015 1:45 PM

WTH??? This is way beyond ridiculous. :yuck: :hell: :pissed:

TexasBoi Jan 22, 2015 1:57 PM

I was very afraid of that and that looks terrible.:(
Wish construction started on it last year.

texboy Jan 22, 2015 3:16 PM

Quote:

Originally Posted by Urbannizer (Post 6884428)

Do You have a link? This looks excellent.

Clev Jan 22, 2015 5:26 PM

Quote:

Originally Posted by Urbannizer (Post 6884645)
Hotel Alessandra: New design, very unfortunate...

So this
https://o.twimg.com/2/proxy.jpg?t=HB...gU1wbhJni1eMgo

Became this
https://farm8.staticflickr.com/7550/...35d4e9d5_b.jpg

This is very disappointing and a little shocking.

JManc Jan 22, 2015 6:18 PM

^ HA! I knew something like that was going to happen. I would have been VERY surprised if that swoopy style would have been finalized. Houston developers like boxy designs. I could see the previous design going up unchanged in Dallas where they are more daring with their architecture but not here.

Urbannizer Jan 22, 2015 10:27 PM

https://farm8.staticflickr.com/7528/...b79b1ca2_b.jpg

http://www.bizjournals.com/houston/b...orward-on.html

Quote:

Originally Posted by HBJ
Luxury senior living community moves forward on new tower

The Buckingham, a senior living community along Woodway Drive, will begin construction on a $56 million tower in the third quarter of 2015.

The Tower at Buckingham, as it will be called, will feature 187 new residences including 104 independent living apartment homes, 33 assisted living suites, 18 memory care residences and 32 private skilled nursing rooms, according to a statement. The independent living homes will be offered in one-, two- and three-bedroom floor plans.

As the population has continued to age and move to retirement, more communities have chosen Houston to expand, and the companies have upgraded rooms and amenities.

Construction is set to begin in the third quarter of this year on the 11-story tower, with the expected completion date sometime in 2017.


xbryanisbeastx Jan 23, 2015 12:16 AM

at least the new design for Hotel Alessandra isn't THAT bad... it could be MUCH worse!

shakman Jan 23, 2015 3:10 AM

Quote:

Originally Posted by xbryanisbeastx (Post 6885939)
at least the new design for Hotel Alessandra isn't THAT bad... it could be MUCH worse!

Yeah. It could have became another 5-floor stick frame structure. Oh well. It's better than what currently exist.

toxteth o'grady Jan 23, 2015 3:59 AM

Quote:

Originally Posted by JManc (Post 6885319)
I could see the previous design going up unchanged in Dallas where they are more daring with their architecture but not here.

I can't. The most daring building is the pointy-top skyscraper that was built downtown almost 30 years ago. They are good for laser light shows, but architecturally...

rdavis4559 Jan 23, 2015 4:34 AM

Quote:

Originally Posted by toxteth o'grady (Post 6886219)
I can't. The most daring building is the pointy-top skyscraper that was built downtown almost 30 years ago. They are good for laser light shows, but architecturally...

Fountain Place?

Urbannizer Jan 23, 2015 5:21 AM

https://farm8.staticflickr.com/7560/...b2b14a37_b.jpg

http://www.bizjournals.com/houston/m...an-200-in.html

Quote:

Originally Posted by HBJ
Memorial Park could see more than $200M in renovations

Houston's largest park could see potentially more than $200 million in renovations through a new master plan that includes a land bridge over Memorial Drive and an indoor swimming pool.

Previously serving as a campground for soldiers training for World War I, Memorial Park has been a central green space for the city of Houston since its inception in the 1920s, but extensive use and a major drought have left parts of it in need of repair.

The goal is to invest at least $150 million through the Uptown Houston Tax Increment Reinvestment Zone, which was recently restructured to include Memorial Park, as well as funds raised by the Memorial Park Conservancy and private donations, said Sarah Newbery, Uptown Houston's project director for Memorial Park. Altogether, the money invested into the park will top $200 million over the next 20 years.


Reverberation Jan 23, 2015 2:21 PM

That looks awesome! But let's not forget that this is Houston where it is tradition to design something cool with the express purpose of not building it. So my money is that we will see a revision to the design soon to where it will ultimately look like this;

http://blog.chron.com/primeproperty/...es-600x408.jpg
http://blog.chron.com/primeproperty/...es-600x408.jpg

toxteth o'grady Jan 23, 2015 7:26 PM

And such will be the fate of that giant swimming hole they want to build east of Downtown.

toxteth o'grady Jan 23, 2015 7:27 PM

Quote:

Originally Posted by rdavis4559 (Post 6886260)
Fountain Place?

That's the name.

toxteth o'grady Jan 23, 2015 7:47 PM

Well, 2015 may be slow, but 2014 was a great year:

City building permits set record in 2014

So Zillow says real estate won't feel the effects until late in the year:

Dip in housing won't be immediate

http://ww4.hdnux.com/photos/34/24/31.../1280x1280.jpg

N90 Jan 23, 2015 11:09 PM

Quote:

Houston area employers created 7,400 new jobs in December, including 1,600 in oil and gas exploration and production, according to the report.

Over the past 12 months, Houston area employers added 120,600 new jobs, a 4.2 percent year-over-year increase.

The commission also reported Friday that the Houston area unemployment rate dropped to 4.1 percent in December, down from 4.5 percent in November.
Robust job growth in Houston even after 6 MONTHS of continuous oil price decline. Downstream is expected to cushion the cuts in Upstream sector and Midstream will remain flat.

http://www.houstonchronicle.com/busi...ng-6035397.php

N90 Jan 23, 2015 11:13 PM

All Nippon, Sunwing, Volaris, and WestJet all new foreign airliners to IAH Houston. Officially announced entry into the market. Brings total foreign flag count to 22 tying Boston for first time in city history. More announcements of new foreign airliners expected by summer BTW.

oscarinhouston Jan 24, 2015 2:14 AM

Quote:

Originally Posted by Urbannizer (Post 6881424)
Skyhouse Downtown and The Sovereign were completed last year. One Market Square is dead.

I'm sorry but I can't find an article saying that One Market Square is dead. :shrug:

AviationGuy Jan 24, 2015 3:42 AM

Quote:

Originally Posted by Reverberation (Post 6886554)
That looks awesome! But let's not forget that this is Houston where it is tradition to design something cool with the express purpose of not building it. So my money is that we will see a revision to the design soon to where it will ultimately look like this;

http://blog.chron.com/primeproperty/...es-600x408.jpg
http://blog.chron.com/primeproperty/...es-600x408.jpg

If not already, you could volunteer for the Memorial Park design committee (s) to help make sure something good happens.

toxteth o'grady Jan 25, 2015 6:47 AM

Quote:

Originally Posted by N90 (Post 6887435)
All Nippon, Sunwing, Volaris, and WestJet all new foreign airliners to IAH Houston. Officially announced entry into the market. Brings total foreign flag count to 22 tying Boston for first time in city history. More announcements of new foreign airliners expected by summer BTW.

Also Eva Air, which is bringing the Hello Kitty 777.

And there are rumors Air New Zealand may join them...:tup:

toxteth o'grady Jan 26, 2015 4:12 PM

Capital expenditures in oil have dropped so sharply that some are speculating that a price spike could occur in the next couple of years. And so the yo-yo continues:

OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending

houston19514 Jan 26, 2015 6:50 PM

Quote:

Originally Posted by Urbannizer (Post 6881424)
Skyhouse Downtown and The Sovereign were completed last year. One Market Square is dead.

I should change the heading to under construction or very recently completed. I thought I had read that the Sovereign, while leasing, was still under construction. But that appears to have been outdated.

On One Market Square, I meant to list the apartment building known as Market Square Tower (and I included the wrong height as well.) I'll correct the post.

houston19514 Jan 26, 2015 6:56 PM

CORRECTIONS (Hat tip to Urbanizer)
High-Rises Under Construction or very recently completed in Houston
Buildings over 200' tall under construction in Houston:

1. 609 Main @ Texas/Downtown (756 ft)
2. Market Square Tower/Downtown (533 ft)
3. 2929 Weslayan/River Oaks (533 ft)
4. BHP/Uptown (477 ft)
5. Marriott Marquis/Downtown (400 ft)
6. 3400 Montrose/Montrose (400 ft)
7. Catalyst/Downtown (373 ft)
8. Residences at Market Square/Downtown (362 ft)
9. Belfiore/Uptown (347 ft)
10. Hilcorp Energy Tower/Downtown (346 ft)
11. SkyHouse River Oaks/River Oaks-Uptown (333 ft)
12. Astoria/Uptown (322 ft)
13. SkyHouse Houston/Downtown (320 ft) (Completed mid-2014)
14. The Southmore/Museum District (320 ft)
15. Noble Energy Center Two/Northwest (307 ft)
16. Millennium Tower II/Energy Corridor (293 ft)
17. Energy Center IV/Energy Corridor (293 ft)
18. The Sovereign/Montrose (280 ft) (Completed Spring 2014)
19. Millennium Medical Center/Medical Center (280 ft)
20. Phillips 66 South Tower/Energy Corridor (274 ft)
21. Air Liquide Center I/Memorial City (267 ft)
22. Amegy Bank Tower/Uptown (267 ft)
23. The Carter/Montrose-Museum District (250 ft)
24. Phillips 66 North Tower/Energy Corridor (242 ft)
25. Energy Center V/Energy Corridor (240 ft)
26. Park Place at Buffalo Bayou/Allen Parkway (240 ft)
27. Energy Tower IV/Energy Corridor (227 ft)
28. San Felipe Place/River Oaks (223 ft)
29. One Grove Street/Upper Kirby (216 ft)
30. 1885 St. James Place/Uptown (200 ft)

toxteth o'grady Jan 26, 2015 7:15 PM

That's quite an enviable list, even if it doesn't include some of the buildings in the construction database.

houston19514 Jan 26, 2015 7:57 PM

Quote:

Originally Posted by toxteth o'grady (Post 6890181)
That's quite an enviable list, even if it doesn't include some of the buildings in the construction database.

What buildings are missing?

toxteth o'grady Jan 26, 2015 9:21 PM

Probably not any of the taller ones, but a few in the 10-20 story range may be missing; it's in the SkyscraperPage database.

toxteth o'grady Jan 26, 2015 9:23 PM

Swamplot holds out the intriguing possibility that another 40-story residential project may be bubbling below the surface:

HIGHRISE SITE?
On-then-Off Sale of The Georgian Apartments Near Highland Village Is On Again, Maybe


http://swamplot.com/wp-content/uploa...-willowick.jpg

houston19514 Jan 26, 2015 11:11 PM

Quote:

Originally Posted by toxteth o'grady (Post 6890181)
That's quite an enviable list, even if it doesn't include some of the buildings in the construction database.

Quote:

Originally Posted by houston19514 (Post 6890237)
What buildings are missing?

Quote:

Originally Posted by toxteth o'grady (Post 6890379)
Probably not any of the taller ones, but a few in the 10-20 story range may be missing; it's in the SkyscraperPage database.

That list includes several that are not actually under construction. The only additional building over 200 ft that I found was 3737 Buffalo Speedway.


High-Rises Under Construction or very recently completed in Houston
Buildings over 200' tall under construction in Houston:

1. 609 Main @ Texas/Downtown (756 ft)
2. Market Square Tower/Downtown (533 ft)
3. 2929 Weslayan/River Oaks (533 ft)
4. BHP/Uptown (477 ft)
5. Marriott Marquis/Downtown (400 ft)
6. 3400 Montrose/Montrose (400 ft)
7. Catalyst/Downtown (373 ft)
8. Residences at Market Square/Downtown (362 ft)
9. Belfiore/Uptown (347 ft)
10. Hilcorp Energy Tower/Downtown (346 ft)
11. SkyHouse River Oaks/River Oaks-Uptown (333 ft)
12. Astoria/Uptown (322 ft)
13. SkyHouse Houston/Downtown (320 ft) (Completed mid-2014)
14. The Southmore/Museum District (320 ft)
15. Noble Energy Center Two/Northwest (307 ft)
16. Millennium Tower II/Energy Corridor (293 ft)
17. Energy Center IV/Energy Corridor (293 ft)
18. The Sovereign/Montrose (280 ft) (Completed Spring 2014)
19. Millennium Medical Center/Medical Center (280 ft)
20. Phillips 66 South Tower/Energy Corridor (274 ft)
21. Air Liquide Center I/Memorial City (267 ft)
22. Amegy Bank Tower/Uptown (267 ft)
23. The Carter/Montrose-Museum District (250 ft)
24. Phillips 66 North Tower/Energy Corridor (242 ft)
25. Energy Center V/Energy Corridor (240 ft)
26. Park Place at Buffalo Bayou/Allen Parkway (240 ft)
27. 3737 Buffalo Speedway (240 ft)
28. Energy Tower IV/Energy Corridor (227 ft)
29. San Felipe Place/River Oaks (223 ft)
30. One Grove Street/Upper Kirby (216 ft)
31. 1885 St. James Place/Uptown (200 ft)

toxteth o'grady Jan 28, 2015 2:38 AM

You've got to hand it to some of the local developers. Willing to ignore a looming recession and just keep building...

Deal of the Week: Office park defies odds

http://ww2.hdnux.com/photos/34/25/73.../1920x1920.jpg

toxteth o'grady Jan 28, 2015 2:42 AM

Enjoy it while it lasts...

Houston's economy among top-performing in the world

Dale Jan 28, 2015 3:17 AM

Quote:

Originally Posted by toxteth o'grady (Post 6892366)

... which will be a long time.

rdavis4559 Jan 28, 2015 5:03 AM

Has this been posted yet?

Amid plunging oil prices, luxury apartment developer shifts focus away from Houston


The Hanover Co. is holding off on developing new multifamily projects in Houston amid plunging oil prices.

The Houston-based developer, which builds luxury apartment projects around the country, has been ramping up its activity in local multifamily market since 2010, building high-end projects like Hanover Post Oak in the Galleria area. However, now that oil prices have nosedived — from more than $100 a barrel in July 2014 to less than $50 in January 2015 — capital for new projects is drying up.

In August, Hanover shared plans to build a 30-story, 300-unit luxury apartment tower in the Upper Kirby area. Hanover had a 1.65-acre parcel under contract near Kirby Drive and Steel Street. The company was hoping to close the land deal in early 2015 and begin construction in the summer.

http://www.bizjournals.com/houston/n...apartment.html


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