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  #1  
Old Posted Mar 6, 2012, 1:31 AM
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Lightbulb HOUSTON | 2929 Weslayan | 533 FT / 162 M | 40 FLOORS

Project in brief: In 2006, Houston-based Interfin Companies purchased a well known local restaurant known as The State Grille and a nearby small office building on 2.6 acres of land near at the intersection of Weslayan and West Alabama. The site was cleared in 2008, after the company had announced plans to build a 27-story highrise at the site. In the wake of the downturn in the economy, Interfin held onto the site for some time, until PM Realty picked it up in 2011.

After the deal, PM announced a proposal that would see a 35 story, 250 unit apartment tower with parking and retail in the base. RTKL is noted as the architect with the project. Construction expected to commence in Q2 of 2012.



Rendering Link

PM Realty Press Release: http://www.pmrg.com/press/releases/p...family-project

Full Story from the Houston Business Journal
Quote:

Luxury high-rise apartments planned inside the Loop

Premium content from Houston Business Journal by Jennifer Dawson, Reporter Date: Friday, September 23, 2011, 5:00am CDT

PM Realty Group LP PM Realty Group LP Latest from The Business Journals Hicks buys Clear Lake buildings919 Milam purchase seems like old timesHouston buildings in separate distress Follow this company plans to build a 35-story apartment tower on a prime site inside the Loop, where the Confederate House, formerly State Grille, served diners for more than 50 years.

The Houston-based company acquired the 2.6-acre site on the northeast corner of Weslayan and West Alabama Aug. 22 for an undisclosed price from Interfin Cos., which assembled the tract five years ago with no specific plans for development.

“We were actively out looking at sites,” said Roger Gregory, PM Realty’s CFO. “This was the site we really felt was best-suited for high-rise multifamily.”
And just last month, a promotional sign with a more defined rendering of the base appeared at the site. The address on the sign, however, refers to the office building the developer owns across the street.

Photo from Swamplot/GoingupCity.

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Last edited by Urbannizer; May 27, 2014 at 3:46 AM. Reason: Updated link
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Old Posted Mar 6, 2012, 4:21 AM
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I really hope this gets built, its a beauty.
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Old Posted Apr 8, 2012, 6:16 PM
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This week, the Buisness Journal had an interesting piece on PM Realty, the developer of the tower, and a partner they had hired away from projects tied to The Woodlands.

What is of note inside is that the tower is still slated to begin construction during this quarter, and that there are at least a couple of other sites within the loop the company is holding on to at this point. The hint is that they too may be ripe for development in the future.
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Old Posted May 18, 2012, 10:52 PM
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Swamplot has posted a new and more refined version of the initial rendering at the top of the page. Today's post still offers roughly the same information as has been mentioned previously.

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Old Posted May 22, 2012, 12:53 AM
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Quote:
Originally Posted by Wattleigh View Post
Swamplot has posted a new and more refined version of the initial rendering at the top of the page. Today's post still offers roughly the same information as has been mentioned previously.

It's Aqua's little sister. Did the same architect design both towers?
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Old Posted May 22, 2012, 1:03 AM
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Beautiful!
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Old Posted Jun 27, 2012, 12:41 AM
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Quote:
Originally Posted by Chron
Developer PM Realty Group says it hopes to break ground on the 39-story tower in the third quarter, but it first needs to hire a contractor and secure a construction loan. The RTKL-designed building is planned for the northeast corner of West Alabama and Weslayan. It will have 254 rental units.




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Last edited by Urbannizer; Apr 27, 2013 at 3:38 AM.
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Old Posted Jun 27, 2012, 2:54 AM
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It would be nice if someone could get a height for it. It could end up being close to 500 feet.
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Old Posted Jun 27, 2012, 2:32 PM
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A bit bulky but overall not bad.
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  #10  
Old Posted Jun 27, 2012, 2:49 PM
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REALLY?

...and still the Aqua knock-offs continue...

Nonetheless, at least it's a improvement over this:

http://swamplot.com/the-numbers-on-t...ma/2012-05-18/
What part of Houston is this? Such a massive field in what I assume is central Houston.
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Old Posted Jun 27, 2012, 3:08 PM
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Quote:
Originally Posted by Tom Servo View Post
REALLY?

...and still the Aqua knock-offs continue...

Nonetheless, at least it's a improvement over this:

http://swamplot.com/the-numbers-on-t...ma/2012-05-18/
What part of Houston is this? Such a massive field in what I assume is central Houston.
It is Central Houston but there were restaurant(s?) on this site that were cleared I believe.
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  #12  
Old Posted Jun 28, 2012, 6:18 AM
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If by "central" Houston you mean "downtown" then the answer is no. This site is about 5 to 6 miles Southwest of downtown and about 2 miles East of Uptown/Galleria.

It's closest highrise neighbors will be the towers in the Greenway Plaza area, although the immediate neighbors will include a 15 story AT&T Building and a 12 story tower that used to be the home of Baker Hughes Corp.

However, it's a GREAT location for residential. River Oaks is just a few blocks to the North, Upper Kirby just a few to the East, and Linn Park/Highland Village just to the West. There are a ton of brand new apartments in the area (midrise) as well.

The site used to house several buildings but most came down in the early 80s speculative period. The one remaining building housed the Black Angus restaurant for a very long time. The restaurant had a large sign with letters that lit up at night and it was a VERY common scene to have the "G" go missing.
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  #13  
Old Posted Jul 17, 2012, 3:19 AM
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Quote:
Originally Posted by Tom Servo View Post
REALLY?

...and still the Aqua knock-offs continue...

Nonetheless, at least it's a improvement over this:

http://swamplot.com/the-numbers-on-t...ma/2012-05-18/
What part of Houston is this? Such a massive field in what I assume is central Houston.
Massive field?

Looks more like grassy lot that has been cleared & is about to be densified to me.

The wavy facade of the building is a fitting design for a coastal city like Houston.
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  #14  
Old Posted Jul 18, 2012, 5:18 AM
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Kudos to PM Realty Group. They must have spent several thousands of dollars trying to save the live oaks and large crepe myrtle trees. Anyone know where they moved those trees?

It's nice to see a company at least try and save the trees rather than clearing cutting the lot (ahem, Exxon, VA Hospital, and nearly every other large scale project of late), especially after the summer of 2011.
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  #15  
Old Posted Jul 20, 2012, 10:40 PM
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Me likey...very much!!!
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Old Posted Nov 6, 2012, 5:34 PM
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A trailer has arrived, and dirt is finally moving on site.
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Old Posted Nov 6, 2012, 6:05 PM
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A tower is seriously lacking from the Galleria area to 2727 Kirby. This will kinda help pan the skyline out towards downtown.
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Old Posted Nov 6, 2012, 6:27 PM
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Been pulling for this one ever since I saw the rendering.
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  #19  
Old Posted Nov 8, 2012, 7:27 PM
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Did it just gain a floor to end up at an even 40 stories?

http://blog.chron.com/primeproperty/...ar-40-stories/

And a few more renderings from that post...





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Old Posted Nov 8, 2012, 7:51 PM
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Yep it sure did, I counted several times.
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