Posted Mar 25, 2019, 2:24 PM
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Join Date: Jan 2009
Location: 360, St. Edwards
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Construction on $500M Buffalo Bayou mixed-use could kick off next month
Quote:
Construction on The Allen — a condo, hotel, office and retail project lined up for a six-acre tract off Allen Parkway — could start next month.
A filing on Texas' licensing and regulation website lists an April 15 construction start date.
Houston-based DC Partners along with Tianqing Real Estate Development LLC — the U.S. subsidiary of China-based Tianqing Group Real Estate Co. Ltd. — are developing the project at 1711 Allen Parkway. In 2017, the New York-based luxury chain Thompson Hotels joined the mix.
DC Partners President Roberto Contreras told the Houston Business Journal in 2016 the mixed-use project would have an estimated $500 million price tag.
The state filing lists a $105 million construction cost for a scope of work that includes the new hotel, condo building, restaurants, retail, parking garage, ballroom and pool deck. It shows St. Louis-based architecture firm HOK as the design firm.
A DC Partners spokeswoman said the sales gallery for The Residences at The Allen was under construction and a project update as well as new renderings would be available in the coming weeks.
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