Yep, that's the story with the Embassy Suites at the moment. Making good money as a parking lot/company parking for One Park Place. Also, if I'm not mistaken, 6 HC will have a secondary garage a block below the old federal reserve building on that map.
Something interesting on the piece of land Uptown acquired by a firm from Dubai... the full article should be online within a few days, and I'll see what I can dig up in the print copy of today's paper.
http://houston.bizjournals.com/houst....html?ana=e_ph
In brief...
Friday, February 15, 2008
Dubai tower looms on horizon
Development firm of distinction buys prime tract of land
Houston Business Journal - by Jennifer Dawson Houston Business Journal
A Dubai developer known for constructing conspicuous commercial and residential towers has acquired land in Houston.
Deyaar Development could build the company's first U.S. project on nearly six acres at the corner of Post Oak Boulevard and Richmond Avenue, south of the Galleria mall.
The tract acquired by Deyaar in January has changed hands three times in the past two months, and price of the dirt has nearly doubled in the spate of sales activity (see related story).
Deyaar dubs itself as the fastest-growing real estate company in Dubai. The firm's Web site lists 14 residential and five commercial projects in various stages of development in the United Arab Emirates.
jdawson@bizjournals.com