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Showing content with the highest reputation on 06/15/2012 in all areas

  1. I spoke with someone very close to the project and they gave me the following details on the sale of 6 acres to Apache: All areas to the left of Blvd. Place Ln. (which runs through the center of the property) with the exception of Building #6 (which is where RDG, Philippe & Hermes are now located) have been sold to Apache. This means that Buildings #4, #5 and the South Garage as illustrated in the renderings on the Blvd. Place website are no longer a part of Ed Wulfe's project. What this means? Hermes which had signed a lease for a 2 story flagship location in the Northeast Corner of Building #4 facing Post Oak Blvd. has lost their long planned space. There is no word on what this means for the French luxury boutique which has flourished during the recession. Additionally, other retailers "penciled in" for Building #5 were rumored to have been a new 20,000-25,000 sq. ft. Bloomingdale's location. It makes one wonder how cohesive the development will be with Building #6 off on its own next to the Apache office tower. As for the rest of the development, Hanover is breaking ground on a nice high-rise rental building and of course, the Whole Foods location will break ground late summer/early fall 2012 which a planned opening of February 2014. The sale of the southern side of the development to Apache allows Wulfe to break ground on buildings #1,#1N, #1W, #2 & #3. Unfortunately, the only leases of note in the new buildings are: Pinkberry Ocean Prime seafood an Aveda salon These developments really leave me wishing that Houston could shed it's 1985 "Boom to Bust" reputation and attract the type of deep-pocketed investors who have the national and international reputation to secure a mix of "high end" and destination retail. One has to wonder why the local leasing team has been unable to secure any high-profile leases after marketing the project for almost 6 years. It's a shame as a prime parcel of land like this only comes into play once in a generation. I'm pleased about the Whole Foods location, however at 48,500 sq. feet it now has the footprint of many of the suburban locations that the chain is building. Where of where is Gerald Hines and his vision and international reputation when we need him? Oh, that's right. He's developing a large commercial warehouse project near IAH. Things have changed so much. Development X
    3 points
  2. I own the gallery thats going into the building and I live within a half mile of the place. I used to hang out there too. Parking and noise are the reasons it can't be a bar/music venue any more but its not going to be a town home development and it will still be skater and bike friendly. Let me know if you have any questions and if I can answer them, I will be glad to.
    2 points
  3. I was in the area today... some definite progress.
    2 points
  4. I tried to hold this info hostage at my blog, but I've given in ;p Not that it's anything super juicy. But it's gonna be called One Waterwall. The rendering below is the best I could find
    1 point
  5. Aqua tower looks like something discovered on LV-426.
    1 point
  6. Some days I want signature towers, some days I want just good solid infill. Ask me tomorrow.
    1 point
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