HOUSTON | Development Thread II

[Dariusb]

Great that downtown is becoming more more dense. I wonder will plans will eventually include housing for more middle class residents?

[TexasPlaya]

Originally Posted by Dariusb

Great that downtown is becoming more more dense. I wonder will plans will eventually include housing for more middle class residents?

I doubt it, the reality of the incentives is that it provided a lot of higher end units that could only work by charging a higher price. Although two middle class earners could afford a 1BR apartment or a single middle class earner could pay 1BR/ $1200 for an "efficiency".

[TexasPlaya]

Hat tip to TheSirDingle on HAIF

METRO: Uptown BRT



From METRO:

The route is proposed to operate every 10 minutes for most of the day and every 15 minutes in the late evening.

Hours of operation: Daily, 5 a.m.-midnight
Cost: $1.25 per ride

• Video Link

[TexasPlaya]

More HAIF gold by West Timer, what if all the proposals were constructed in Midtown:

[DCReid]

Originally Posted by TexasPlaya

Hat tip to TheSirDingle on HAIF

METRO: Uptown BRT



From METRO:



• Video Link

They need much more midrise and high rise residential along the route. Hopefully some residential can be constructed on the empty lots or some of the obsolete retail and offices converted. 10000 units of apartments/condos would make a huge impact on walkability and street liveliness. Hope they can limit the number of metro and pedestrian accidents with cars on that strip - I would be afraid to walk on it.

[Dariusb]

Originally Posted by TexasPlaya

More HAIF gold by West Timer, what if all the proposals were constructed in Midtown:

Is this just including current proposals or also proposals that are now dead? In any case that what if pic is beautiful.

[TexasPlaya]

Originally Posted by Dariusb

Is this just including current proposals or also proposals that are now dead? In any case that what if pic is beautiful.

Not sure. They might have been generous with the proposals included...

[The Best Forumer]

looks like it was chopped?

[N90]

Those represent all of the active high rise proposals in Midtown Houston. The person that photoshopped the image used buildings that exist elsewhere as placeholders to show what the height for the proposals are.

It includes all 5 buildings in the Laneways proposal. The first building, Drewery Place is already done and the second building, Kimpton Hotel at 48 stories is now underway. These will be followed by the remaining 3 towers that Laneways has planned.

It also includes both of the newly proposed high rises for Midtown too. The 21 story building on Elgin, the photoshopped rendering has its actual design in the picture and also the 30 story AMCAL affordable housing tower. It's also got the 30 story PMG building under construction in Midtown too.

So yes, to answer the question, these all represent active and real projects in Midtown.

[N90]

Midtown Houston proposals:

AMCAL (30 floors)

https://www.houstonarchitecture.com/...0dd6cecdc6f687

Laneways 3 of the 4 remaining proposed buildings:

https://s.hdnux.com/photos/01/06/05/.../1600x1600.jpg

Elgin (21 floors)

https://munozalbin.com/wp-content/up...-ELEVATION.jpg

[Dariusb]

Ok cool. Good to hear. Thanks N90!

[The Best Forumer]

Originally Posted by TexasPlaya

More HAIF gold by West Timer, what if all the proposals were constructed in Midtown:

[Urbannizer]

Houston nonprofit breaks ground on new East End headquarters

Houston’s largest nonprofit serving adults with intellectual and developmental disabilities has broken ground on its new $5.4 million headquarters in the city’s East End.

The Center for Pursuit hosted a formal groundbreaking ceremony Jan. 14, during which dignitaries celebrated the launch of the nonprofit’s new headquarters.

The four-building complex will be at 4400 Harrisburg Blvd., near the intersection of Harrisburg Boulevard and Lockwood Drive.

Once complete, the Center for Pursuit's headquarters will consist of four buildings — administration, programs, health and wellness, and a 41-unit residential building.

[Cory]

Sounds like more than 5 million dollars.

[The Best Forumer]

Originally Posted by Cory

Sounds like more than 5 million dollars.

Correct. I think it's 5.4 mil.

[Urbannizer]

Originally Posted by The Best Forumer

Correct. I think it's 5.4 mil.

More like $71 Million

https://www.bizjournals.com/houston/...-east-end.html

[Urbannizer]

Prominent Houston eye surgeon to develop ‘gateway to the Museum District’

A prominent Houston ophthalmologist plans to develop a 10-story building in the Museum District to house his medical practice along with other physicians specializing in plastic surgery, dermatology and internal medicine.

The building, expected to break ground in February, will be the first phase of a larger development spanning three blocks east of Main Street, said Dr. Mike Mann, founder of Houston’s Mann Eye Institute and a pioneer in laser eye surgery.

“My dream is to develop a project that would be a gateway to the Museum District,” said Mann. “Architecturally, it would be significant. The buildings would be timeless, not ready to be torn down in 30 years.” The estimated cost to develop the building is more than $77 million, he said.

Mann hired Marko Dasigenis, principal of , to create a contemporary, angular design for the medical office building, which will contain 364,000 square feet and be called Museo Plaza.

Mann Eye Institute’s main office will occupy the top floor of the new building, relocating from the building next door at 5115 Fannin, which Mann also owns. That parcel will eventually be redeveloped.

The new structure will be built on the block bounded by Southmore, San Jacinto, Fannin and Palm. Mann also owns the block immediately to the west, where his office is, and one just north of that. The master plan for the full three blocks is still being determined.

Completion is scheduled for the first quarter of 2022.

Man said 50 percent of the building’s will be spoken for once construction starts. CBRE is leasing space.

[The Best Forumer]

I should have been an eye surgeon. thanks for the update.

[Urbannizer]

New W Hotel for downtown Houston moving forward

Houston convention officials approved a plan that would deliver tens of millions of dollars in economic incentives to a development group proposing to build a W Hotel downtown.

The board of Houston First Corp. voted 10-3 Thursday afternoon in favor of the deal, which will grant some $43 million in property, sales and beverage tax breaks for the luxury hotel, set to be developed atop the agency’s 10-story building next to the George R. Brown Convention Center.

The agreement now heads to Houston City Council for approval.

Al Kashani of Texas Hospitality Partners said the $130 million project would be an economic boon for the city. The 308-room hotel, he said, would be privately financed and create a minimum of 275 permanent jobs worth more than $14 million annually, along with more than 745 construction jobs.

Plans to build a hotel atop the office building have been in the works since 2014, when Houston First initially sought proposals from developers. At that time, however, it said no local rebates or abatements would be offered and that it envisioned a more modest hotel brand.

[TexasPlaya]

Houston's Multifamily Market To Normalize With Deliveries Set To Double In 2020

Read more at: https://www.bisnow.com/houston/news/...medium=Browser

After a slow 2019, multifamily developers in Houston are poised to deliver nearly 17,000 units in 2020, double the delivery volume of last year. For America’s fourth-largest city, the rapid rise in deliveries is a return to form, rather than a surge forward....

...Houston’s continued job growth despite an oil downturn has kept the area’s multifamily market active. As of November, Houston added 85,500 jobs year over year, a 2.7% increase. It was the 25th consecutive month that Houston’s job growth exceeded the national rate, according to JLL research. The job growth has earned Houston its fourth consecutive quarter of positive net absorption for the first time since 2015, signaling a rebound from Houston’s slow months following the start of the oil downturn. The 14,025 units recorded in 2019 is the highest number absorbed since 2014, excluding the temporary boost after Hurricane Harvey.

Small But Mighty: Museum District Heats Up With More Infill Development

Read more at: https://www.bisnow.com/houston/news/...medium=Browser

Houston’s vibrant Museum District, home to several of Houston’s museums and parks and nestled between Midtown and the Texas Medical Center, is now the target of major infill development. Museo Plaza Medical Office building, a 10-story mixed-use MOB, will break ground next month, weeks after H-E-B opened its latest Houston store in the area and a planned 32-story multifamily high-rise was announced nearby...