Posted Nov 20, 2013, 11:33 PM
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Voice of the Modern World
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Join Date: Apr 2011
Posts: 1,094
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Wow so much stuff going on in Houston and no one's posting.
Looks like Downtown Houston's on pace to keep shattering all previous records:
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By Urbannizer on HAIF:
10-Story, 302 unit building planned by Allied Orion Group. 2017 Completion. Listed as #24, but the location is #25 on the map.
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Now for some insane updates on the status of Uptown Houston:
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By Bisnow
Uptown Houston District CEO John Breeding (speaking to our 350 attendees) says development is booming in his submarket across all property types. Residential is the bulk of construction, with over 20 multifamily high-rises in the works. There are eight hotels in discussion that would add 2,000 rooms, with four planning to break ground next year. There's 2M SF of office development in the pipeline. TxDOT is reconstructing the 59/610 interchange starting in 2017 and ending 2021, and John says his district's $190M mass transit plan is more than just transportation improvement; it'll remake Uptown. Fun fact: Uptown is the 14th-largest business district in the country.
http://www.bisnow.com/commercial-rea...ure-of-uptown/
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In comparison to what it used to be like a couple of decades ago in Uptown:
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By Bisnow
30 years ago, the Uptown/Galleria was one of the softest markets in the country with 25% vacancy and companies fleeing to other submarkets. (Even the dust was going elsewhere.) My, how times have changed—experts at Bisnow's Future of Uptown/Galleria event yesterday say it's now one of the best.
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Elsewhere:
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By Houston Business Journal
PM Realty Group has plans to turn a long-standing strip center in Montrose into a mixed-use development
PM Realty Group did not share early design plans, but several sources confirmed the mixed-use structure could include residential with retail on the ground floor.
http://www.bizjournals.com/houston/b...ould-slow.html
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Quote:
By Bisnow
Many thanks to our sponsor Bury, which is keeping busy with several multifamily projects under construction. That includes some Uptown communities, like Bristol Park. That 219-unit mid-rise will sit on 1.5 acres by the park within walking distance of the Galleria. It's also working on a multifamily project at 249 and Cypresswood for Stonelake and Embrey.
http://www.bisnow.com/commercial-rea...ure-of-uptown/
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Quote:
By Bisnow
Wulfe & Co founder/chairman Ed Wulfe. Ed thinks Uptown is on the verge of a new era, including the transformation of Post Oak into one of the best streets in the world. He says overall retail in the submarket is 99% occupied, with rents shooting up in response to high land prices. To make new retail development pencil out, you need to either do multi-level projects or mix with office. (He's doing both at BLVD Place, where 122k SF of retail and 90k SF office space will open in June.)
A resourceful member on HAIF also mentioned earlier this week to keep an eye on Uptown, it's on the verge of a super-boom with several retail, condos, apartments highrises, hotels on the verge of announcement, particularly along the Uptown Westheimer Corridor.
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A possibility of a 5th Houston theme park being proposed:
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By TowerSpotter on HAIF
SAG is assisting the Pasadena Second Century Corporation and the City of Pasadena, TX with understanding the development potential of underutilized land surrounding the Pasadena Convention Center & Fairgrounds Complex. The site area encompasses over 200 acres. Our services included researching similar-sized communities nationwide to gain an understanding of what other suburban locales offered. The study is focused primarily on hotel, restaurant, retail, water park, amphitheater, and theme parks and understanding the supply, demand, pricing and financing factors that impact their feasibility.
http://strategicadvisorygroup.net/mi...t-pasadena-tx/
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To end on this note with Green Street in Downtown Houston:
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By Midway Companies
The Green Street development is calling for a 25 story 250 room hotel in Downtown Houston at the corner of Dallas and Fannin. Other takers in the Green Street development are six unspecified restaurants and a fitness center.
http://midwaycompanies.com/img/leasi...ising_Plan.pdf
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