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  #1  
Old Posted Feb 8, 2009, 8:37 PM
HOUSTONIAN57 HOUSTONIAN57 is offline
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Lightbulb HOUSTON | Regent Square High-Rise | FT | 45 FLOORS

Old rendering 1 Tower.


New Rendering 4 towers


From Houston Business Journal.

Quote:
The 24-acre Regent Square project stands out from the mixed-use crowd because GID Urban Development Group says the company is now on track to break ground in the second quarter of 2009, following more than a year-long delay.

The project is slated for an area bounded by Allen Parkway, West Clay, Rosine and Tirrell. GID, a division of The General Investment & Development Cos. of Boston, has owned the site formerly occupied by the Allen House Apartments for 20 years.

Plans call for 225,000 square feet of retail space, 150,000 square feet of office space and 635 apartments on the site, with an opening date in late 2011.

From Swamplot

Quote:
The first building on the south side of W. Dallas as you come east on W. Dallas will be a 22 story condo tower (the tower in the lower right corner on the 2nd rendering). Second, the building on the SE corner of Allen Parkway and Tirrell will also be condos,however, they are planning on building the W. Dallas tower first and then the one on Tirrell when market conditions are right, so it (the Allen Pky & Tirrell tower) is not part of phase one.

The building at the SW corner of Dunlavy & Allen Pkwy will be an office building and have some sort of LEED certification (as will the condos, but not the apartment buildings). The whole complex has some sort of LEED rating for being mixed-use.

Not much info on the towers but, the tower in the lower left corner will be 11 stories, office use and part of phase one.


More info here:http://www.cbre.com/USA/US/TX/Housto...e.htm?pageid=0


Last edited by KevinFromTexas; Jul 11, 2013 at 9:04 PM.
     
     
  #2  
Old Posted Feb 9, 2009, 1:58 AM
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This is my favorite proposal, I emailed them a while back and they said they will start construction whenever they get 30% of the leasing sold.
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  #3  
Old Posted Feb 12, 2009, 3:01 AM
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Do you know what the height of some of these buildings are?
     
     
  #4  
Old Posted Feb 15, 2009, 10:44 PM
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Quote:
Originally Posted by Thymant View Post
Do you know what the height of some of these buildings are?
Nope, nothing as of yet. I guess they'll go more in detail when (IF) constrction starts.
     
     
  #5  
Old Posted Feb 15, 2009, 10:48 PM
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Some of the tallest seem to be about 300 ft tall maybe.
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  #6  
Old Posted Feb 25, 2009, 5:34 AM
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I really like the whole concept of this proposal. It looks very nice and it seem as if this one will be able to get built.
     
     
  #7  
Old Posted Feb 25, 2009, 5:42 AM
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Another Image:

     
     
  #8  
Old Posted Feb 25, 2009, 11:29 PM
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Quote:
Originally Posted by Thymant View Post
I really like the whole concept of this proposal. It looks very nice and it seem as if this one will be able to get built.

This is not a proposal. It was already approved by the city and 'Phase I' is suppose to start the 2Q of this year.
     
     
  #9  
Old Posted Feb 26, 2009, 3:22 PM
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Man! I love this project, Houston deserves a high quality development like this finally.
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  #10  
Old Posted Mar 2, 2009, 5:08 AM
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Thats great news!

Last edited by Thymant; Mar 2, 2009 at 5:11 AM. Reason: posted message wrong
     
     
  #11  
Old Posted Mar 2, 2009, 5:09 AM
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Originally Posted by ()_T View Post
This is not a proposal. It was already approved by the city and 'Phase I' is suppose to start the 2Q of this year.
Thats great news!
     
     
  #12  
Old Posted Mar 5, 2009, 5:00 AM
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Yes i hope it gets started soon. I really likes it...

     
     
  #13  
Old Posted Apr 1, 2009, 10:17 PM
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From Swamplot...

Quote:
What’s inside that special $10 million life-support package for the Regent Square development City Council is considering?

The reimbursements proposed for Regent Square would be administered through the expansion of the Memorial Heights Tax Increment Reinvestment Zone. Under a TIRZ, property tax revenues generated within the boundaries are frozen at a specified level. As development occurs and property values rise, tax revenue above that level, known as the increment, is funneled back into the zone to pay for infrastructure and capital improvements to help attract further development.

Under the plan before council today, part of the increment will be given back to the specific developer rather than the redevelopment authority that operates the TIRZ.


* * *

To be eligible for the money, the development company must begin making public improvements to underground utilities and streetscapes by Oct. 1, begin work on the private aspects of the development by Oct. 1, 2010, and provide 150 free parking spaces, [Public Works & Engineering director Andy] Icken said. GID Urban, which declined comment through a spokeswoman, also agreed to make investments in College Memorial Park Cemetery, a historically African-American cemetery near the adjacent Fourth Ward neighborhood, Icken said.

He added that Mayor Bill White has expressed interest in making similar arrangements with other large developments.

One of those similar arrangements was made a few years ago with Houston Pavilions.

Unnamed “city officials” tell the Chronicle’s Bradley Olson that GID Urban Development Group was about to put the entire project “on hold indefinitely.”
     
     
  #14  
Old Posted Apr 2, 2009, 11:21 PM
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Well, at least it still has some steam behind it. I really hope this baby gets built, I am pretty sure it will, but then again, a lot of projects that I have been pretty sure about have fallen through the cracks as of late.
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  #15  
Old Posted Apr 2, 2009, 11:23 PM
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Looks like a nice set of towers from the renderings.
     
     
  #16  
Old Posted Apr 3, 2009, 3:02 PM
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Needs some green on those roofs. It would improve the views from the towers.
     
     
  #17  
Old Posted Apr 9, 2009, 1:02 AM
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Some great news!

Quote:
City OKs deal to boost $850 million development

The city moved forward on Wednesday with a plan to boost an $850 million mixed-use development with about $10 million ($17 million) in incentives, the first in a line of possible deals with major projects in which Mayor Bill White’s administration says investment will be needed.

The program, approved unanimously by City Council, will reimburse the developer of Regent Square — a 4-million-square-foot community that will abut Allen Parkway near Dunlavy and Dallas — for public improvements the developer has agreed to make to public roadways, sidewalks and streetscapes. The money will come from tax revenue generated by the development and will be paid through the Memorial Heights Tax Increment Reinvestment Zone, or TIRZ.

In exchange, Boston-based GID Urban Development Group, which had been on the brink of putting the project on hold indefinitely, has agreed to begin work on the public improvements by Oct. 1, and initiate the private aspects of the property by Oct. 1, 2010. It also will provide 150 free parking spaces and rehabilitate a nearby historically black cemetery.

White said he generally has shied away from such public-private development efforts, but would continue to review opportunities on a case-by-case basis for distressed properties, such as Sharpstown Mall and for other major projects already in the works that have been delayed or canceled amid the national economic crisis.

In this case, the overriding question was whether the city would get the same benefits without the reimbursement, White said, adding that he did not believe it would.

“I would say that this is an unusual project in its scale and scope to be started in a big urban city today when real estate markets are seizing up,” he said.

Critics contend that the economic development effort is an artificial benefit to the economy, one that creates winners and losers in the marketplace.

“If these projects are stalling and developers are saying they’re not going to execute them, well, that’s the market and the market has slowed down,” said Greg LeRoy, executive director of GoodJobsFirst, a national watchdog of public economic subsidies. LeRoy said the city could do further harm to the local real estate market by helping add capacity when there is less demand, or creating more commercial space when rents already are growing soft.

White defended the need for investment in certain communities, but said he was sensitive to the market critique and had made an effort during his tenure as mayor to make sure development incentives were rare in Houston. He said his administration has gained a reputation for stinginess in this regard, a claim several developers confirmed.

The mayor made note of a number of properties to which he hopes to attract developers, including in the Leland Woods TIRZ near Homestead Road and East Little York, the Near Northside TIRZ immediately north of downtown Houston, and in the Fifth Ward TIRZ. Other potential incentive packages may not be administered through a TIRZ, he added.

Under a TIRZ, property tax revenues generated within the boundaries are frozen at a specified level. As development occurs and property values rise, tax revenue above that level, known as the increment, is funneled back into the zone to pay for infrastructure and capital improvements to help attract further development.
http://www.chron.com/disp/story.mpl/front/6365125.html
     
     
  #18  
Old Posted Apr 9, 2009, 5:28 AM
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Woohoo!
     
     
  #19  
Old Posted Apr 9, 2009, 2:31 PM
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NA Berkowitz has posted several photos of the physical model in the leasing center on their website. Here are a few different vantage points.

Looking West along W. Dallas


W. Clay at Woodhead


Looking East along W. Dallas


W. Dallas at Dunlavy, overlooking Spa Building & Regent Park


Looking south across Allen Parkway between Dunlavy & Tirrell


Looking Toward Regent Park from the south
     
     
  #20  
Old Posted Apr 10, 2009, 10:01 PM
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^^^ Looks real nice!
     
     
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