HOUSTON | Development Thread II

Trae · #1 Posted: **Aug 27, 2006, 2:42 PM**

Houston Developments II

By Kelly Reed

By Katie Haugland

By Justin Cozart

Under Construction

2929 Weslayan - 40 Floors, Residential

Anadarko Woodloch Tower - 32 Floors, Office

Hanover Apartment Tower - 29 Floors, Residential

SkyHouse Houston- 24 Floors, Residential

1717 Bissonnet - 23 Floors, Residential

806 Main - 23 Floors, Hotel, Renovation

Energy Center Three & Four- 22 & 20 Floors, Office

The Sovereign - 21 Floors, Residential

Energy Tower III - 17 Floors, Office

Jennie Sealy Hospital - 13 Floors, Medical (Galveston)

Sheikh Zayed Bin Sultan Al Nahyan Building for Personalized Cancer Care- 12 Floors, Medical

Central Square Plaza - 14 & 12 Floors, Office

Approved

609 Main at Texas - 41 Floors, Office

Capitol Tower - 34 Floors, Office

Marriot Convention Center Hotel - 30 Floors

BHP Billition Tower - 30 Floors, Office

Astoria - 28 Floors, Residential

Regent Square - 28 Floors, Residential

10 Waterway - 20 Floors, Office (The Woodlands)

3333 Richmond - 18 Floors, Office

1111 Rusk Street - 16 Floors, Reno, Residential

Brazos Towers - 14 Floors, Residential

Southwestern Energy HQ - 10 Floors, Office

Proposed

New Chevron Tower - 50 Floors, Office

Five Allen Center - 50 Floors, Office

International Tower - 41 Floors, Office

Luxury Apartment Tower - 38 Floors, Residential

6 Houston Center - 29 Floors(?), Office

Hines Tower - 23 Floors, Office

2229 San Felipe - 17 Floors, Office

Hanover Rice Village Phase II - 12 Floors, Residential

Trae · #2 Posted: **Aug 27, 2006, 8:28 PM**

General Development

*Note* - More developments will be added to this section.

ExxonMobil Campus - Office

BLVD Place - Mixed-Use, U/C

Regent Square - Mixed-Use, Approved

River Oaks District - Mixed-Use, Approved

Hughes Landing on The Lakes - Mixed-Use U/C (The Woodlands)

Earth Quest Adventures - Theme Park, On-Hold

GreenStreet - Retail, Approved

U of H Football Stadium & Athletics Center - U/C

Houston Intermodal Terminal[/B] - On-Hold

Reseach Forest Lake - Office, U/C

Elan Med Center - Residential - U/C

Momentum Audi Dealership - 7 Floors, U/C

502 S. Post Oak - Residential, U/C

1900 Yorktown - Residential, U/C

Cafe Adobe - Approved, Residential

Chateau 10 - Residential, U/C

The Muse - Residential, U/C

Willowick Park - Residential, U/C

Trae · #3 Posted: **Aug 27, 2006, 8:28 PM**

Archived content from August 27, 2006 to March 16, 2007

Trae · #4 Posted: **Aug 27, 2006, 8:28 PM**

Article on Rice Village:

Quote:

New project reshapes Rice Village
Residential, retail development raises issues for residents
Houston Business Journal - July 28, 2006
by Jennifer Dawson
Houston Business Journal

A hip and trendy new mixed-used development is getting a mixed reception in a unique shopping and entertainment district dating back to the 1930s.

Rice Village is slated for its first new urban development project in more than 10 years.

Lamesa Properties Ltd., one of the largest property owners in the area, plans to develop midrise condominiums with offices over street-level retail space.

Lamesa estimates the project cost at more than $100 million.

Plans call for demolition of roughly four acres occupied by old buildings with tenants such as Walgreens and Nit Noi restaurant.

Lamesa also wants to seal off a segment of Bolsover Street to create a public market setting where residents, office employees and shoppers can congregate.

The proposed project and street shutdown is a subject of debate among members of civic clubs active in the Rice Village area.

The City of Houston will have the final say on whether the development stretches across part of the thoroughfare.

Lamesa has owned most of the four-acre tract for three decades, and put the complete package together by acquiring other bits and pieces over the past five years.

Real estate broker Jeff Peden with Cushman & Wakefield of Texas Inc. says the land price would probably be "off the charts" if bought today.

Peden estimates Village land might go for $70 to $80 per square foot, putting the value of four acres at $12.2 million to $14 million.

"That land is so highly sought after," Peden says. "Plenty of developers would love to put in office, retail, residential. The demographics are so good."

The median household income within one mile of the project was $104,006 in 2005, according to Lamesa.

Those deep-pocketed shoppers are loyal to the Village, which originally was established to cater to Rice University students, and now has more than 300 shops and dozens of restaurants in a 16-block area.
It takes a village

Lamesa's development site is just north of Rice Village proper in an area bounded by Morningside, Dunstan, Kelvin and Rice.

Residents in some civic clubs are making an effort to keep Bolsover open to traffic. A petition with at least 75 names will be presented to the Public Works Department opposing a city sale of the street's right-of-way to Lamesa.

Other civic clubs have voted in favor of the deal. On July 10, the Southampton Civic Club board voted to send a letter of conditional approval of the project to the city, as long as Lamesa sticks to the current development plan.

Some residents contend the project's height clashes with the Village character and hope the development fails to get off the ground.

Preliminary plans include buildings taller than existing structures in the pedestrian-friendly shopping mecca.

Prolific condo developer Randall Davis is consulting with Lamesa on the residential section, which will be six or seven stories high with 250 units and underground parking.

Sources say participation of Davis, a high-quality product and proximity to Rice University and the Texas Medical Center mean that Lamesa probably won't have a problem moving the residential units.

Blake Tartt III, a retail broker not involved with the project, says Lamesa also won't have trouble filling the 100,000 square feet of retail in the works.

"There's a tremendous pent-up demand from national retailers and restaurateurs to get into the Village," says Tartt, president of New Regional Planning Inc.

Julie Tysor, an area resident and Lamesa's point person on the new project, wants to attract a boutique grocery store, a few restaurants and high-end soft goods retail tenants that would complement current retailers in the Village.

"The Village is ripe for some redevelopment," says Tysor. "You can look at that site and see that it needs to be something other than what it is."
A moving study

The project will be built in two phases, with first-phase construction slated to begin as soon as early 2007.

Each phase will take 18 months to build and include residential, office and retail components.

Robert Williams, a resident of Southampton Place, is concerned the higher density will make already bad traffic congestion even worse.

Williams says a traffic study used by the city to evaluate the project was arranged and funded by Lamesa.

He says the study was conducted after Lamesa stopped renewing leases on company properties in the area. Lamesa's Tysor says the move-out began two years ago in anticipation of this deal.

Williams is also concerned that the project will have inadequate parking.

"They have an urbanization vision, which is fine," Williams says. "But I don't think appropriate for the Village. It's way out of character."

A successful project will generate more traffic, says retail broker Tartt, but it just comes with the territory.

"Any time you add that amount of density, you're going to add traffic," says Tartt. "It's just part of what's happening in Houston."
Les Appelt's Lamesa

• A brokerage firm launched by Les Appelt in 1949 changed names over the years and operates today as Colliers International.
• In the early 1970s, Appelt formed Lamesa Properties Ltd., an entity of roughly 40 limited partners with a portfolio of assets inside the 610 Loop. Lamesa Corp., the general partner, is owned by the Appelt family.
• Appelt also founded the Appelt Co., the management company for Lamesa Properties. Appelt Co. is now owned by Julie Tysor and Gary Clayton, the firm's chief financial officer.
• Tysor carries the titles of vice president of Appelt Co.; vice president of Lamesa Corp.; vice president of Colliers International, where she does a limited amount of brokerage work; and president of the University Place Association, a "super neighborhood" created by the City of Houston that encompasses several civic associations in the Rice University area.
• Appelt lives in Bastrop and is no longer involved in the day-to-day operations.
Lamesa's Building Blueprint

• 250 residential condominiums for sale, designed by Randall Davis Co.
• 100,000 square feet of retail space
• 50,000 square feet of office space
• Village square-type plaza in center
• Underground parking for residents
• Commercial properties designed by Ziegler Cooper Architects

TexasBoi · #5 Posted: **Aug 27, 2006, 11:07 PM**

Great Job.

Trae · #6 Posted: **Aug 28, 2006, 2:27 AM**

New Office Tower on Montrose Boulevard.

Quote:

Montrose office building planned
Houston Business Journal - March 16, 2006
by Jennifer Dawson
Houston Business Journal

John Hansen Investment Builder will break ground this month on a new six-story, 55,000-square-foot office building in the Montrose area.

The new building will be located at 4203 Montrose Blvd., just north of the intersection of Richmond and Montrose. The structure will be marketed as Campanile East, the fifth addition to a multi-tenant office park called Campanile Campus.

The new facility will be built directly behind and connected to a historical brick house designed by William Ward Watkin. The house, which dates back to 1920, will be the Montrose frontage for the new office building.

The building will have 9,000-square-foot floor plates, similar to the Campanile Clock Tower Building at 4119 Montrose Blvd. The space will be marketed to smaller tenants, such as design firms, architects, attorneys and sole practitioners.

The new office building is being designed by Philip Ewald Architecture Inc. Mission Constructors Inc. is building the facility, which is being financed by Texas State Bank.

The project is slated for completion this fall.

The Campanile Campus was started in 1985 by John Hansen Investment Builder, which specializes in developing one- to six-story commercial office buildings.

LouisianaRush · #7 Posted: **Aug 28, 2006, 4:03 AM**

I thought the Monaco, The Redstone, and Mercer East were scrapped.

Trae · #8 Posted: **Aug 28, 2006, 11:08 AM**

Redstone still has a website, so I don't know.

WesternGulf · #9 Posted: **Aug 28, 2006, 1:16 PM**

Quote:

Originally Posted by HoustonRush

I thought the Monaco, The Redstone, and Mercer East were scrapped.

They were. Mercer? I don't know.

eburress · #10 Posted: **Aug 28, 2006, 1:32 PM**

Excellent work!

Houston's Bayou Plan is what Dallas' Trinity River project SHOULD look like.

Trae · #11 Posted: **Aug 28, 2006, 10:23 PM**

Quote:

Katz's to open Express deli in The Woodlands
Houston Business Journal - August 22, 2006
by Allison Wollam
Staff Writer

Katz's Deli owner Barry Katz is opening the first spin-off of his New York-style deli in The Woodlands.

Katz's Express, located at 19075 Interstate 45 North in the Portofino Center, will open on Sept. 15.

The restaurant will serve same fare found at Houston's Katz's Deli and Bar, located at 616 Westheimer, but with express service.

"Everybody kept asking me, 'When are you going to open in the suburbs?,' So this is our way to bring pastrami to more people," Katz says.

The restaurant, which will feature a 14-foot Statue of Liberty, will seat 105 diners indoors and 20 on the patio.

Like the Houston location, all breads will be baked in-house, soups will be started from scratch, and all meats will be cooked on the premises. The original Katz's Deli operates in downtown Austin.

The new Katz's Express concept will serve towering signature sandwiches, salads, pastas, entrees, burgers, foot-long hot dogs, breakfast items and desserts.

Katz's Express will hold a charity opening on Sept. 15-17 to help raise money for The Woodlands G.R.E.E.N. (GrassRoots Environmental Education Network), a non-profit organization committed to educating the community about natural resource conservation, recycling and responsible actions that protect the environment.

New Katz Restaurant in the Woodlands.

Trae · #12 Posted: **Aug 30, 2006, 12:04 AM**

Cáceres-122 units to be built in Rice Military, A Gated Urban Subdivision

Quote:

"The 8.1-acre tract, which was formerly home to two miniature horses, a donkey and other wildlife, is located in the southeastern section of Rice Military neighborhood and is bounded by Feagan, Renerman and Detering."

The general Rice Military area has gone from stank to swank in a short time and this project looks like it will push the prices even higher. Donkeys would appear to be pretty much extinct over there these days, but the baying of the train will still remain.

The link is for paid subscribers only, although you can navigate around that if desired by searching again. Here are the main points.

"Two top competitors in Houston's high-end custom home-building industry are teaming up to build what will be the largest project of their careers as they hammer into the multi-unit market. Black Diamond Properties and Rohe & Wright Builders are planning a 122-unit townhome and single-family community on one of the last undeveloped tracts of land between downtown and the inner-Loop Memorial area. The 8.1-acre tract, which was formerly home to two miniature horses, a donkey and other wildlife, is located in the southeastern section of Rice Military neighborhood and is bounded by Feagan, Renerman and Detering.
..........................................

Cáceres will be made up of 105 attached and detached townhomes and 17 single-family patio homes ranging in size from 2,000 square feet to 4,500 square feet. A price range for the homes has not yet been determined. The project is divided 50-50, with each company planning to build half of the homes in the community.

Zenner points out that most of the townhome complexes in the inner-Loop area are made up of five to six units. With 105 townhomes on tap, this project is unique in both its size and its gated-community classification, he says. In addition, Cáceres will be manned with a security guard 24 hours a day. Construction is expected to begin by the first quarter of next year, and the entire project will take about two years to build out.

...........................................

Michelle Wolpert, a Rice Military resident, says residents are still concerned about the impact the project may have on the local infrastructure and the potential increase in traffic. "I would rather the property remained the way it was: 8.1 acres of trees, pastures, shrubs and wildlife," she says. "However, if it is going to be developed, I would rather it be a luxury gated-community with as few high-end residences as possible because that means more green space within the community." "

Link

Shasta · #13 Posted: **Aug 30, 2006, 6:23 AM**

Ugggghhh.

Another gated complex inside the Loop?

Gated, walled, and security accessed private drives are SUCK. They kill neighborly interaction. They breed anonymity. They do NOT belong in central city neighborhoods.

Oh well, I guess the people who live there will "feel" safer and then the developers can squeeze a few extra bucks out of them.

After the success of their Vistas at Midtown and Piedmont at River Oaks, the Montreal based developers are moving on to their next project; the Serento near the Medical Center. Units are now for sale.

Great_Hizzy · #14 Posted: **Aug 30, 2006, 3:54 PM**

Ooh, nice.

Trae · #15 Posted: **Aug 30, 2006, 9:04 PM**

Get rid of that parking lot!

Trae · #16 Posted: **Aug 30, 2006, 9:47 PM**

The Grand

Announced tenants so far are Macy's, Dillards, and Barnes and Noble. Other's will be announced soon, and this development will likely have many stores the Galleria has.