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Old Posted Apr 9, 2015, 11:05 PM
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Lightbulb HOUSTON | Northbank | 17 & 14 FLOORS

Developer: Midway Co.
Architect: Munoz Albin
Type: Residential, Hotel & Office
Location: 100 Waugh Drive
Construction Timeline: ?



http://forum.skyscraperpage.com/show...postcount=8732

Quote:
Location: 100 Waugh Drive, Houston, Texas 77007
Description: A mixed-use podium structured project consisting of a 17 story residential apartment tower with amenity spaces and 14-story commercial office tower over 2 levels of below-grade parking and 10 levels of above-grade structured parking.

Last edited by Urbannizer; May 25, 2017 at 3:36 AM.
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Old Posted Jun 29, 2015, 4:57 PM
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Soil testing occurred over the weekend.
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Old Posted Jul 28, 2016, 3:47 PM
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Site being cleared.


IMG_1504 by skooljunkie007, on Flickr
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Old Posted Oct 14, 2016, 4:15 PM
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Any updates on how this project is going?
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Old Posted Jan 5, 2017, 9:07 PM
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Quote:
Originally Posted by DOKA_Brandon View Post
Any updates on how this project is going?
Still in the planning stages. The property owners are currently asking the city to abandon a stretch of Dickson St.

http://houston.novusagenda.com/agend...&MeetingID=141

Quote:
Fock Creek Ranch I, Ltd. and Waugh Real Estate Ventures, Ltd. and Houston Waugh, LP (Gordy Oil Company [Sharin Scott, Treasurer], General Partner), the abutting property owners, requested the abandonment and sale of: 1) platted Eugene Street (commonly known as Dickson Street), located along Lots 7 through 12, in exchange for conveyance to the City of: 1) a 50 foot-wide right-of-way easement for and construction of Leverkuhn Street, from Dickson Street north to Feagan Street; 2) a 5 foot-wide right-of-way easement along the southern portion of Feagan Street, from proposed Leverkuhn Street east to Waugh Drive; and 3) a variable width sanitary sewer easement along the western and southern portions of the applicant’s property, all located within the Mary L. Morse Addition and Joe Smalley Subdivision, Brunner Addition, out of the John Austin Survey, A-1. The applicants plan to incorporate the requested abandonment area into their abutting tracts and construct a commercial, office, and multi-family development.

Because the utility construction and the proposed Leverkuhn Street construction requirements associated with this transaction will not be completed until after the City Council passes the abandonment ordinance, Rock Creek Ranch I Ltd. and Waugh Real Estate Ventures, Ltd. and Houston Waugh LP have provided a Letter of Credit (LOC) for $387,000.00, an amount equal to the total estimated construction costs associated with the construction of proposed Leverkuhn Street and the water and sanitary sewer lines.

The LOC will be for a specific time period which may be less than but not longer than twelve months from the effective date of the ordinance for this transaction. The Director of the Department of Public Works and Engineering or his designee may authorize one extension of the LOC which may be less than but not longer than twelve months, if the applicants have received approved permits and commenced construction of the work required within the initial term of the LOC. Should the conditions of the LOC not be satisfied upon expiration of the LOC, a recommendation will be submitted to the City Council to rescind the ordinance that abandoned the City’s property interest. All funds paid by the applicants will be forfeited. Upon the applicants’ satisfactory completion of the construction-related work as evidenced by written inspection clearance/approval by the Office of the City Engineer at the applicants’ request, the City will release the LOC.

Rock Creek Ranch I, Ltd. and Waugh Real Estate Ventures, Ltd. and Houston Waugh, L.P. have complied with the transaction requirements or provided a Letter of Credit and have accepted the City's offer.

The City will abandon and sell to Rock Creek Ranch I, Ltd. and Waugh Real Estate Ventures, Ltd.




Stretch to be abandoned:

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Old Posted May 25, 2017, 3:34 AM
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Buffalo Heights owner, developer to collaborate on another nearby project

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Russell Gordy and two Houston-based companies – Midway and Lionstone Investments – are working on Buffalo Heights, a large, multiphase mixed-use district at the corner of Washington Avenue and South Heights Boulevard.

It won't be the only project that Gordy and Midway collaborate on.

Gordy and Midway – the owner and developer, respectively, of the Buffalo Heights project – intend to develop a new office tower, hotel and high-rise multifamily complex on around four acres of land adjacent to 100 Waugh, Gordy told the Houston Business Journal.

"We spent a lot of money getting that ready, and then 2014 happened," he said, referring to the oil and gas slump. "It’s just sitting there."

Gordy calls the project "Northbank," and said they'll break ground on the development once the energy market bounces back.
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