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  #181  
Old Posted Oct 29, 2006, 5:32 AM
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can't put my finger on it but the setup so far looks like a small hotel then a 42 story condo tower =X
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  #182  
Old Posted Oct 29, 2006, 6:15 AM
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I am fairly certain that is just the sales center for the Turnberry proposal. There is no way that a 42 story tower would have a wood/fiberboard base!
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  #183  
Old Posted Oct 29, 2006, 6:24 AM
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Now that is some sales center lol
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  #184  
Old Posted Oct 29, 2006, 6:57 PM
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Nancy Sarnoff is back at the Chronicle. She's doing her weekly real estate column on Sundays again. Yippee.

This week's had a blurb about another hi-rise proposal on Clear Lake in the town of Seabrook.

The Marriott Apollo
17 floors
8 floors containing 225 hotel rooms
9 floors of condos

Will be located on NASA Parkway.
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  #185  
Old Posted Oct 30, 2006, 1:54 AM
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I knew i was not crazy when i thought the Vistas at Midtown finished up pretty quickly. Seems like their second project, Piedmont in River Oaks, is just about done.



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  #186  
Old Posted Oct 30, 2006, 7:51 PM
Great_Hizzy Great_Hizzy is offline
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Good to see the Chronicle has a real estate beat writer again, especially with HBJ charging you to view featured stories.

And that is definitely the sales office for the proposed Turnberry condo. Shasta is 100% right.
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  #187  
Old Posted Oct 31, 2006, 1:54 AM
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Quote:
Originally Posted by Great_Hizzy
Good to see the Chronicle has a real estate beat writer again, especially with HBJ charging you to view featured stories.

And that is definitely the sales office for the proposed Turnberry condo. Shasta is 100% right.
Holy carp. I almost spillrd my coffee...
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  #188  
Old Posted Nov 1, 2006, 2:58 AM
mikecolley mikecolley is offline
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Here's an update on the destruction of the Central Ford dealarship on Westheimer. It's now completely gone!





Now you can see what a great location it is: notice the uptown skyline in the background. You can also see part of the Westcreek apartments, which will eventually be torn down as well.

Sorry if this is a re-posting, but here's an article about the development in case you missed it.


Mixed-use project flows to Westcreek
Aging Galleria-area complex to be razed to make way for potpourri of
upscale uses
Houston Business Journal - April 28, 2006
by Jennifer Dawson
Houston Business Journal

Developers are planning to tear down more than 1,000 inner Loop apartments
near the Galleria and replace them with a 1.5 million-square-foot mixed-use
development containing specialty retail space, a boutique hotel and residential
units in midrise and high-rise buildings.
The redevelopment is planned for 29 acres just inside the 610 Loop between
Westheimer and San Felipe where the Westcreek Apartments are located.
Westcreek is adjacent to the old six-acre Central Ford dealership site on
Westheimer, which is earmarked for a mixed-use redevelopment as well.
The parties that control the Westcreek and Central Ford sites are considering
doing a joint development, according to sources.
Officials at the controlling companies would not confirm a possible partnering
effort, saying that an announcement could be forthcoming within a few days.
The Westcreek complex, which dates back to the 1960s, is owned by a Cypress
Real Estate Advisors partnership. Redevelopment plans for the 1,229-unit
multifamily complex are described on the Web site of the Austin firm, which
made local headlines last November with its purchase of the 46-acre Hardy Yards
property north of downtown for a proposed redevelopment.
John Kiltz, a principal with Cypress Real Estate Advisors, says it's too soon to
comment on the plans for Westcreek.
"We're kind of right in the middle of trying to structure a deal with somebody,"
Kiltz says.
Those talks, say sources, are ongoing between Cypress and Fort Worth-based
Trademark Property Co., which secured a ground lease on the nearby Central
Ford site at 4410 Westheimer last August. Trademark, which also built the
Market Street retail center in The Woodlands, announced plans to redevelop the
six-acre Central Ford tract into retail, residential and possibly office space. (See
"Car dealership gives way to urban infill," Aug. 12, 2005.)
Trademark has not yet taken possession of that property due to complicated lease
arrangements, which are expected to be worked out soon.
Trademark Principal Tommy Miller says via e-mail that he does not have an
update on the Central Ford project, but might have news within a few days.
Whether the Central Ford and Westcreek projects are done jointly or separately,
a large amount of new residential and retail space seems destined for the Galleria
area.
The developers are considering adding 300,000 square feet to 400,000 square
feet of retail space at the Westcreek site, which is located between the Galleria
and Highland Village. Despite its proximity to those retail powerhouses, at least
one real estate expert believes the area can support more stores.
Retail broker Nick Hernandez of Page Realty Partners Ltd. says there are a
number of retail concepts -- such as soft goods clothing stores, couture fashion
boutiques and restaurants -- that have not yet made their way to Houston that
would be likely tenant candidates for a new project.
Hernandez, whose leasing team represents Trademark on Market Street and the
Central Ford site, says existing retailers interested in changing the look of their
stores may also consider new developments. And retailers in nearby shopping
meccas may want to switch to a new location, or open a second site in the same
general area, Hernandez says.
"They may want to come out and do a store on the street," he says. "You could
attract other retailers in the area to relocate."
Looking westward
Although the Westcreek Apartments occupy some of the most high-profile real
estate in Houston, some portions of the mammoth complex are almost 40 years
old. The 1,229-unit project was developed in two phases -- one in the 1960s, and
one the following decade.
The original section containing 814 units is called Westcreek at River Oaks. Built
in 1967, that phase is located at 2049 Westcreek Lane. The second phase,
constructed in 1971, is called Westcreek at Highland Village. Those 415 units
carry a 4444 Westheimer address.
Now considered to be one large multi-family complex, Westcreek is 93 percent
occupied, according to statistics from O'Connor & Associates. Units in the
complex rent for an average of 98 cents per square foot per month.
The Westcreek complex last changed hands in November 2005 when it was sold
by Houston-based M. Kaplan Cos. LLC. The complex was sold into a partnership
with Cypress Real Estate Advisors as the general partner and Kaplan as a limited
partner.
Richard Zigler, president of Kaplan Acquisitions, says redevelopment plans are
preliminary, but the project is envisioned to be similar to the upscale Victory Park
development in Dallas that encompasses retail shops, residences, a hotel and
entertainment venues.
Kaplan originally purchased the Westcreek complex in 2002 from the
predecessor of JP Morgan Chase for roughly $68 million. Kaplan did a
renovation of the property in 2002 and 2003.
Jeff Hollinden, managing director of Holliday Fenoglio Fowler LP, which
represented JP Morgan in the 2002 sales transaction, says the property is prime
for redevelopment.
"It's a great chunk of land," he says. "It's always had the potential to be
converted."
jdawson@bizjournals.com • 713-960-5935
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  #189  
Old Posted Nov 1, 2006, 3:03 AM
mikecolley mikecolley is offline
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The new condos on Briarglen on nearly complete. Too bad they're tucked away on a street that most Houstonians have never heard of.


Last edited by mikecolley; Nov 1, 2006 at 3:08 AM.
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  #190  
Old Posted Nov 1, 2006, 3:20 AM
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The Briarglen actually turned out pretty nice. We need more infill like that in some older areas of Houston and not so hidden.

Here is an update on the two twin tower condo projects going up in the area. Palisade Plams and Mosaic.





Anyone know if the plan for four towers to be built at the Palisade Palms was scrapped.
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Last edited by Cory; Nov 1, 2006 at 3:38 AM.
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  #191  
Old Posted Nov 2, 2006, 6:47 PM
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I know this is a little old, and it might be posted on here, but has anyone heard of any new high-rise development proposals for that piece of land in Clear Lake that Hakeem "THE DREAM" Olajuwon purchased. Man, I bet that strip of Nasa RD 1 will soon be full of high-rise residential. If Endeavor is successful, then you know this will happen sooner than later.

Here's the article....

Former Rocket acquires historic site along Clear Lake
Olajuwon scores again

By NANCY SARNOFF
Copyright 2006 Houston Chronicle

Former basketball star Hakeem Olajuwon has purchased the historic West mansion along Clear Lake, a Mediterranean-style estate on 41 acres of prime property.

Built in 1929 and designed by prominent architect Joseph Finger, the home at 3303 E. NASA Parkway was built for the family of oil, lumber and cattle baron James Marion West. His son, Jim West Jr., was a colorful millionaire known as "Silver Dollar Jim" because of his penchant for showering silver dollars on those around him.

Olajuwon, who bought the property for an undisclosed price, is planning to sell it to developers, who could build high-rise residential buildings, retail centers or medical facilities there.

"It's a typical Hakeem move of buying the primo site," said David Cook, a real estate broker with Cushman & Wakefield who represented Olajuwon in the purchase and is now marketing the property for sale. Olajuwon bought the property from the Pappas family of Houston, which owns restaurant chains.

Although he no longer lives in Houston, Olajuwon has become an active real estate investor in the city.

Over the years, the retired Houston Rockets center has purchased many high-profile sites, including the southwest corner of Kirby Drive and the Southwest Freeway, the city's former Federal Reserve Bank building, the old World Trade Center building near Minute Maid Park and a historic downtown bank building, which he turned into a mosque. He's made millions on the sale of many of these properties.

Olajuwon, who now lives in Jordan, could not be reached for comment. It is expected that the property will be divided and sold in parcels, similar to what he did with land he acquired at Kirby and the Southwest Freeway, according to Cook. What was once the Westheimer Transfer & Storage facility is now a CVS and Chick-fil-A.

A 35,000-acre spread
Surrounded by mature trees and Spanish moss, the West estate was part of 35,000 acres that the family patriarch assembled in the 1920s, according to the Houston Architectural Guide. A portion of that property is now the Johnson Space Center.

Located in Pasadena, the entire property is appraised at just over $3 million, according to the Harris County Appraisal District, but its market value is much higher.

Property along the water in this rapidly growing area is selling for an average of between $25 and $30 per square foot, according to the Bay Area Houston Economic Partnership.

Developers have been grabbing land around the lake for high-rise residential, hotel and other real estate projects.

"There's a bunch of people that would love to have that mansion," said Barbara Cutsinger, marketing manager for the Bay Area group. "It's one of the most beautiful settings."

Immediately adjacent to the estate, a developer is selling upscale townhomes for between $300,000 and $500,000.

The company says on its Web site that the project's "Italianate-styled architecture" was inspired by its neighbor, the West mansion.

The house has been vacant for many years and is in need of serious renovations.

Legend has it that the family moved to River Oaks after Jim West Sr. died, stipulating in his will that the home on Clear Lake would never be used as a residence again. It stayed vacant for decades and was often the target of vandals.

It later became the Lunar Planetary Science Institute, and some of its interior architectural charm was replaced by commercial embellishments like acoustical tile ceilings.

What's next?
Now that it has a new owner, the property's future is unclear.

Its designation as a recorded Texas Historic Landmark and its placement on the National Register don't preclude it from being demolished, according to the Greater Houston Preservation Alliance. It does, however, allow for substantial tax benefits if someone wanted to restore it.

"The West mansion is the most significant and visible historic landmark in that part of Harris County," said Ramona Davis, executive director of the alliance. "We're encouraged that the West mansion is now owned by someone who has the resources to restore this beautiful house to its former grandeur."
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  #192  
Old Posted Nov 4, 2006, 8:25 PM
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Quote:
Originally Posted by mikecolley
The new condos on Briarglen on nearly complete. Too bad they're tucked away on a street that most Houstonians have never heard of.

What part of the city is this in?
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  #193  
Old Posted Nov 5, 2006, 6:19 AM
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Originally Posted by citykid09
What part of the city is this in?
it's on woodway or memorial drive i think. my new job is near there.
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  #194  
Old Posted Nov 5, 2006, 6:24 AM
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The Briarglen is located on Briarglen Drive. It's just South of San Felipe between San Felipe and Westheimer. It's Inside the Loop but West of the railroad tracks.
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  #195  
Old Posted Nov 5, 2006, 6:57 AM
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Quote:
Originally Posted by Shasta
The Briarglen is located on Briarglen Drive. It's just South of San Felipe between San Felipe and Westheimer. It's Inside the Loop but West of the railroad tracks.
there you go.
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  #196  
Old Posted Nov 5, 2006, 6:58 AM
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Sorry but im usually on my third beer by that time... i keep a cold six pack in the trunk of my car.
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  #197  
Old Posted Nov 6, 2006, 7:20 PM
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Boutiques to give downtown retail a new charge
Houston Business Journal - November 3, 2006by Allison WollamHouston Business Journal

The Central Business District is in line to get an influx of trendy retail boutiques, thanks in part to a nearly two-year-old grant program that has kicked into high gear.

Local retailers AA Concepts and The Tipping Point have landed grants from the Houston Downtown Management District, making them only the third and fourth projects to receive the monetary incentives since the program was started in early 2005. Meanwhile, Austin-based Factory People is also in the early stages of a planned expansion into Houston's CBD.

Lifestyle retailer AA Concepts has secured a $175,000 grant from the management district to open a store in the firmer Sakowitz Building, and sneaker boutique The Tipping Point received a $50,000 award for a store in the old Humble Building.

The Houston Downtown Management District, funded through taxes imposed on property owners in the district, approved $1 million in 2005 to start the grant program aimed at bringing "soft goods" retailers to downtown.

Soft goods include everything from books and music to clothing and art. Restaurants and bars are not eligible for the grants.

Los Angeles-based clothier American Apparel Inc., a cutting-edge company that caters to socially conscious buyers, was the first retailer to take advantage of the program when it landed a $150,000 grant in early 2005. The company plans to open a store in the Sakowitz Building once a certain portion of the building is leased to other retailers.

Since then, the only other grant recipient has been the planned 800,000-square-foot Houston Pavilions entertainment complex, which received a $600,000 grant for retail and $400,000 to create a streetscape along Dallas Street.

Whereas the Pavilions has already landed some big-name tenants such as House of Blues and Lucky Strike bowling alley, these two newest grants are expected to help ramp up the fledgling retail scene for boutique stores in the downtown area.

Kathy Williams, retail development specialist for the Downtown Development District, says AA Concepts -- which currently operates three stores in Houston named Wish, Fabrik and Method -- will receive its grant once the proposed 5,785-square-foot store is built out in the historic Sakowitz Building.

AA Concepts tailors its store designs and merchandise to suit the specific demographic in which the store is located. In the case of the Sakowitz Building, the retailer is planning to debut a new concept, Habita, which is described as a lifestyle store that will sell home furnishings, accessories and apparel.

AA Concepts is in the process of finalizing its lease, and Williams says an opening date has not yet been determined.

Meanwhile, Williams says, upscale sneaker boutique The Tipping Point will receive its grant when the Houston-based retailer completes construction of its store in the old Humble Building at the corner of Main Street and Polk.

The Tipping Point is a start-up company which Williams says will debut its concept with a 1,100-square-foot store by early next year.

The retailer will offer one-of-a-kind and collectible sneakers as well as apparel and branded footwear.

Meanwhile, a funky Austin-based retailer is also planning to expand to Houston with a new location in the Sakowitz Building.

Factory People caters to customers in search of hard-to-find cult clothing designers such as Evil Genius, Fred Perry, Kid Robot and Yoko Deveraux.

Although a lease has not yet been signed, Factory People Owner Thomas Popov says he hopes to open a Houston location by the second or third quarter of 2007.

He says the Houston store will be similar to the original contemporary showroom in Austin, but it will also "have more of a Houston flavor."

Williams says interest from retailers has been pretty steady since the announcement of the Houston Pavilions complex, which will be bounded by Dallas, Polk, Main and Caroline streets.

In addition to House of Blues and Lucky Strike, high-profile restaurants such as Red Cat Jazz Cafe, McCormick & Schmick's and Lawry's The Prime Rib have also signed on to anchor the development.

"The knowledge that we have the arrival of The Pavilions coming has spurred a lot of interest in the downtown area," Williams says. "The infusion of retail that The Pavilions will bring to downtown is causing a a spur of activity."

http://houston.bizjournals.com/houston/stories/2006/11/06/story7.html?b=1162789200^1370677
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  #198  
Old Posted Nov 6, 2006, 7:30 PM
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That is great news about the retail coming to downtown. Those are the types of stores needed; destination places.

Back when I thought I might be moving back to Houston, I wanted to open a branch of our furniture biz in downtown or midtown.
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  #199  
Old Posted Nov 6, 2006, 11:43 PM
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Nice pics! woots woots for Houston, now on a totally different subject!... I see alot of trump towers everywhere except for Houston, why's that??
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  #200  
Old Posted Nov 6, 2006, 11:54 PM
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I thought Houston Pavilions was going to break ground today? What happened?
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