Originally Posted by Chron

AmREIT updates development plans for Uptown Projects

AmREIT, the Houston-based real estate firm that recently announced a deal to be acquired by Edens Investment Trust reported third-quarter financial results Thursday, along with updates on the company’s redevelopment initiatives planned for the Galleria area.

The redevelopment projects include:

The Palazzi at Uptown Park: A 16-story, 238-unit apartment building on 1.1 acres at the northwest portion of the Uptown Park property. The building would have 14,000 square feet of ground level-retail space. The total project cost, including land, is estimated at $134 million, and construction is expected to start in the second half of next year.

1670 Post Oak: An agreement with Lynd Development to build a 40-story, 350-unit high-rise multifamily building above ground-floor retail. AmREIT would retain ownership of the land, 1.58 acres at the northwest corner of San Felipe and Post Oak Boulevard now known as the Courtyard at Post Oak. It would lease the land to the Lynd venture and also own an interest in the retail, parking garage and multi-family portion. The project cost is estimated at $146 million, and construction could begin within the next year.

800 Post Oak: AmREIT owns a 20.3 percent interest in the Inverness Townhomes and has entered into an agreement with Trammell Crow Co. to develop 591,000 square feet of office space and 19,000 square feet of retail space with parking. The site is about 2.9 acres and is located at the northwest corner of Post Oak Boulevard and Uptown Park Boulevard. Trammell Crow’s longtime partner, Principal Financial Group, will be a key investor. The more than $280 million project could begin within the next 15 months.

The Tower at Uptown Park: AmREIT is in negotiations with a four-story hotel flag and development partner for a mixed-use project on the southeast corner of Uptown Park, located at the corner of Loop 610 and Post Oak Boulevard. The plan involves a 37-story building with 310 hotel rooms, 236 apartments and 18,000 square feet of retail space. Total project costs are estimated at $200 million. Construction could begin within the next 15 months.

Originally Posted by TexasPlaya (Post 6795516)

Wow, nice renderings all around. Hopefully we see more apartments along Westheimer like the Crest of Fondren.

Originally Posted by TexasPlaya (Post 6795516)

Wow, nice renderings all around. Hopefully we see more apartments along Westheimer like the Crest of Fondren.

Originally Posted by TexasPlaya (Post 6786991)

I use to live by this and this will be a huge boon for the area. Stafford is mostly industrial/logistics surrounded by mostly low income, working class neighborhoods near the Houston side. I wonder how expensive these units will be as this is in a decent location if you work in uptown or westchase area.

Originally Posted by weatherguru18 (Post 6799396)

What will the SL performing arts center cater to? Will it be in direct competition with Cynthia Woods?

Originally Posted by toxteth o'grady (Post 6799423)

It's more an indoor venue, so while it may take some of the events that would normally go to the Mitchell, I think their focus will be different. It's probably more of a competitor to the Hobby Center.

Originally Posted by The Best Forumer (Post 6799469)

Nobody is going to want to drive all the way to sugarland to watch an opera.

Originally Posted by The Best Forumer (Post 6799419)

Doubt it. They're way too far from each other to make any real impact on the other's business. Who from sugarland is going to make the journey all the way to the woodlands just to see a concert and vice versa? Not many people I think.

Originally Posted by The Best Forumer (Post 6799469)

I thought they were both concert venues (sugarland and woodlands)? Are there types of concerts that should be enjoyed outdoors as opposed to indoors?

If it really is intended to give Hobby Center competition, I hope it's not too much. Nobody is going to want to drive all the way to sugarland to watch an opera.

Originally Posted by Houston1836 (Post 6799317)

The west continues to grow...

The Young Ranch Planed Development District, a master-planned community approved by the Katy City Council in October, will cover 388 acres south of Interstate 10 between Anserra and Willow Creek Farms on Pederson Road.

http://impactnews.com/downloads/3285...4726fc7f23367b

http://impactnews.com/houston-metro/...nity-approved/

Originally Posted by photoLith (Post 6800217)

That's disgusting. The Katy Prairie has already been decimated. And now more will be destroyed for a terrifyingly boring planned suburban piece of crap "neighborhood". And I thought this was a forum for urban development, not crap open space destroying suburban development.

Originally Posted by Urbannizer (Post 6800398)

Yeah, some of the articles being posted here, should not be posted here..I think this thread is being overthrown with articles on small, suburban developments and things that don't really have to do with development. From now on anyone who wants to continue to post articles on suburban projects should created a thread in the Texas/Southcentral section.

Originally Posted by toxteth o'grady (Post 6800668)

I thought we had the General Development thread for this.:whistle:

Anyway, the subruban tract home development isn't going away, what with a 3600-acre development going in nearby west of the Grand Parkway.

Originally Posted by Urbannizer (Post 6777036)

Woodlands Gate: Mixed-use project proposed for the east side of I-45, near the ExxonMobil Campus.

http://www.houstonarchitecture.com/h...d-use-project/



https://farm6.staticflickr.com/5612/...83474d38_b.jpg

Originally Posted by Urbannizer (Post 6800689)

We do, but I don't think we need to post things like a new suburban master-planned community at all really. Things like that aren't even posted on HAIF, these threads are geared toward more major news/developments.

Originally Posted by photoLith (Post 6800524)

That federal building recladding sure did take a long time, I remember when it first started and I could view it from my apartment at Houston House, that cladding sure looks a lot better than the original 70's or 80's brown turd facade. It's also really good to see Mid-town developing nicely. Does anyone have any info or photos on the new light rail lines opening up soon? And Im super glad to see the convention center getting a reclad, that thing is super hideous as it stands now. Is there going to be retail or places to eat at the bottom level opening up to the street?

Originally Posted by Urbannizer (Post 6802342)

4819 Caroline St.: Museum District

https://farm8.staticflickr.com/7564/...e1b30399_b.jpg

https://farm4.staticflickr.com/3951/...b49e5e1f_b.jpg