HOUSTON | Astoria | 322 FT / 98 M | 28 FLOORS | U/C

[Wattleigh]

Larger image link: http://astoriahouston.com/img/bigimage02.jpg

Project in brief: Developer Randall Davis and businessman Roberto Contreras have plans for a residential tower with 66 units at the corner of Post Oak Blvd & Garrettson Lane across from Four Oaks Place. The unique aspect would be that the funding would come from foreign investors, who would be provided green cards through the federal EB-5 program, allowing citizenship for those who create or sustain 10 full time jobs over the span of two years.

The partnership promotes the tower as it's featured project on it's website: http://houstoneb5.com/featuredproject.html. This is where the height figure came from.

Early on, reports indicated a location had not been chosen for the tower, with the first renderings indicating a blockier structure basically pasted at the site of the BLVD Place development. In the recent past, however, it seems the location for the tower will be on the site of a former Davis proposal - Titan.

The only structure currently on this site is a McDonalds, which is supposed to be demolished in Q1 2013. A sales trailer is now sitting in the parking lot.

On HAIF, user lockmat says it may be taller than proposed...

bidclerk says the estimated start date is in April. Page Southerland Page is the architect and GT Leach is the GC. 28 stories. This was updated yesterday (12/21).

Houston Business Journal initial story: http://www.bizjournals.com/houston/p...rising-on.html

Astoria website: http://www.astoriahouston.com/