Posted May 2, 2018, 3:02 PM
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Poppity Pop Pop Pop!
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 2,667
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https://www.forbes.com/sites/cynthia...ing-in-houston
Quote:
MAY 1, 2018 @ 03:03 PM
Houston Project Combines An Old-World Hotel And New High-Rise Living
Cynthia Lescalleet, CONTRIBUTOR
A new luxury-living high-rise and an old-world boutique hotel have linked up, literally, with a shared project in Houston. Between the structures, which share a city block, an amenity corridor of gardens, sculpture and parkland will serve both sides of the juxtaposition.
Site-prep for the Residences at La Colombe d'Or began earlier this year on the back lot of neighboring hotel La Colombe d'Or. Hotelier Steve Zimmerman has operated the storied lodgings since 1982 in a 1923-vintage historic manse located in the city’s Montrose area, near the Museum District and close to downtown.
The Zimmerman family is part of the project’s joint venture with Hines and TH Real Estate, an affiliate of Nuveen, the investment arm of TIAA. The estimated total development cost, which includes a $10 million renovation of the hotel and restaurant, is $150 million, according to Kevin Batchelor, Hines’ senior managing director.
Munoz+Albin's design for the sleek tower features a brick, limestone and glass exterior, with interiors by Rottet Studios.
Slated for 2020 completion, the tower will occupy the back of the jewel-box hotel's one-acre lot. For the past 25 years, that spot was occupied by the hotel's tony ballroom—and its lavish 1730s French Rococo salon panels (now in storage).
Batchelor says the joint venture's potential for synergy and compatible uses helped drive the project’s inception, which dates back to 2014.
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