HOUSTON | Development Thread II - Page 320

Urbannizer · #**6381** Posted **Feb 26, 2014, 1:15 AM**

Block 98 - New info (now on the downtown development map - #33).

38-floors
26 residential levels; 12-floors of parking
299 residential units
Summer 2017 Completion
Developer: Trammell Crow
Architect: Ziegler Cooper

http://downtownhouston.org/site_medi...ects_11x17.pdf

Urbannizer · #**6382** Posted **Feb 26, 2014, 3:13 AM**

Quote:

Originally Posted by Houston Chronicle

Prime Post Oak Parcel up for Grabs

A prime Galleria-area corner set amid new office towers, luxury apartment buildings and upscale shops, has hit the market, giving a developer the chance to rebuild yet another piece of this booming Uptown neighborhood.

The property, a small shopping center at the northwest corner of Post Oak Boulevard and San Felipe, is likely to be torn down and the site redeveloped into perhaps a multistory apartment complex or hotel.

Houston-based AmREIT has owned the property for almost 10 years and recently negotiated a lease termination with the last tenant in the center, allowing it to start marketing the site for redevelopment in 2015.

"We believe this site will be well received by prospective hotel and/or multifamily partners," H. Kerr Taylor said in a recent conference call to discuss the company's quarterly earnings.

The only occupant in the shopping center, called the Courtyard at Post Oak, is a Verizon store. The rest of the property, which formerly housed a Mexican restaurant and dessert shop are vacant.

The single-story center at 1616 Post Oak Blvd. includes about 14,000 square feet of retail space and sits on 1.59 acres.

HFF is marketing the property, but an asking price was not disclosed. AmREIT said it would like to create a joint venture with another firm to develop the site.

Full Article: http://www.houstonchronicle.com/busi...5267366.php#/2

toxteth o'grady · #**6383** Posted **Feb 26, 2014, 3:19 AM**

"Block 98 - New info (now on the downtown development map - #33)."

Hmm, right next door to the Marquis and a couple of blocks south of the 28-story Marquette development. That's going to fill in the east side of the downtown skyline nicely. Though it's going to surround the new HSPVA campus with highrises...

toxteth o'grady · #**6384** Posted **Feb 26, 2014, 3:22 AM**

Quote:

Originally Posted by Urbannizer

Who's this for, if not Apache?

The render's at least 45 floors. That's going to be one of the tallest structures in Uptown.

N90 · #**6385** Posted **Feb 26, 2014, 3:50 AM**

106

kingkirbythe.... · #**6386** Posted **Feb 26, 2014, 4:27 AM**

It would be great to see that building in Uptown.

natenate · #**6387** Posted **Feb 26, 2014, 6:52 AM**

[/QUOTE]

I would hate for the condo behind that lot to be blocked

. It's perfectly facing the street as you drive down Post Oak.

weatherguru18 · #**6388** Posted **Feb 26, 2014, 12:37 PM**

That is going to be a massive building. The Four Leaf Towers are 444 feet (40-stories). This building dwarfs those towers. I'm thinking this building is in the 600 or 700 foot range. Could be as dominating as Williams if built to scale.

kingkirbythe.... · #**6389** Posted **Feb 26, 2014, 1:34 PM**

Quote:

Originally Posted by natenate

I would hate for the condo behind that lot to be blocked

. It's perfectly facing the street as you drive down Post Oak.[/QUOTE]

It is pretty, and does line up nicely. But so did the three buildings before the condo was built. If I had to pick which building I'd like to look at while gazing north up Post Oak hands down. :-)

natenate · #**6390** Posted **Feb 26, 2014, 5:40 PM**

Quote:

Originally Posted by kingkirbythe....

I would hate for the condo behind that lot to be blocked

. It's perfectly facing the street as you drive down Post Oak.

It is pretty, and does line up nicely. But so did the three buildings before the condo was built. If I had to pick which building I'd like to look at while gazing north up Post Oak hands down. :-)[/QUOTE]

Agree ! I know I'm being picky though

. At the same time, if the building is angled the way it pictured then it wouldn't be horrible. Correct me if I'm wrong, but isn't that rendering just a made up hypothetical by the site owner just to show the possibilities or give ideas?

Htowngrown · #**6391** Posted **Feb 26, 2014, 5:54 PM**

Quote:

Originally Posted by natenate

Correct me if I'm wrong, but isn't that rendering just a made up hypothetical by the site owner just to show the possibilities or give ideas?

That is correct! They are just conceptual so it just shows what a ~60 story building would look like on the site. If I remember right this is owned by AmREIT, the same people redeveloping Uptown Park, and are looking to do a similar ground lease/co-development opportunity with a national multifamily and/or hotel developer so they may have a little say in the development process.

toxteth o'grady · #**6392** Posted **Feb 27, 2014, 5:02 AM**

I don't think anyone would be providing drawings of a building that tall if there were not the possibility that the developer is contemplating something on that order.

toxteth o'grady · #**6393** Posted **Feb 27, 2014, 1:42 PM**

Tesla is looking at sites for a $5 billion, 10 million sf battery factory. Sites in four states, including Texas, are being considered. Sounds like the sort of industrial facility that would fit in well somewhere in Houston.

Musk’s $5 Billion Tesla Gigafactory May Start Bidding War

Urbannizer · #**6394** Posted **Feb 27, 2014, 2:23 PM**

Quote:

Originally Posted by toxteth o'grady

Tesla is looking at sites for a $5 billion, 10 million sf battery factory. Sites in four states, including Texas, are being considered. Sounds like the sort of industrial facility that would fit in well somewhere in Houston.

Musk’s $5 Billion Tesla Gigafactory May Start Bidding War

Please post this in the new general developments thread.

Urbannizer · #**6395** Posted **Feb 27, 2014, 2:27 PM**

Quote:

Originally Posted by Houston Chronicle

Office Tower adds to Houston's Downtown Boom

A 30-story, $250 million office tower is planned for the east side of downtown, the latest project to be announced in the city center where developers are proposing more than 7 million square feet of new or renovated space to fill what they say is a void in the market.

"Today, with occupancies up dramatically, with the market really clamoring for new technology and the latest in new buildings ... it's a wonderful point in time to develop new product," said John Goff, chairman and CEO of Crescent Real Estate Holdings, which will develop the new tower, one of at least eight office projects proposed or underway downtown.

At 600,000 square feet, the Crescent building, designed by HKS Architects, is expected to break ground this summer and could be ready for tenants by the end of 2016.

Full Article: http://www.houstonchronicle.com/busi...5272687.php#/0