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Showing content with the highest reputation on 11/16/12 in Posts

  1. 3 points
    For those without a subscription, here is the entire article [quote name= Redrawn incentive boundaries may lure downtown developers Premium content from Houston Business Journal by Shaina Zucker, Reporter Date: Friday, November 16, 2012, 5:00am CST SkyHouse, a $65-million project at 1625 Main St., is the first recipient in the Downtown Living Initiative Chapter 380 Program. Shaina Zucker Reporter- Houston Business Journal Email | Twitter After years of planting the seeds to spur downtown residential projects, the Downtown Redevelopment Authority is finally seeing some sprouts. Although the Downtown Living Initiative Chapter 380 Program, through which the incentives are funneled, was conceived with specific borders limited to the easternmost portion of the Central Business District, the first recipient in the program is not located within that area, yet will still reap the benefits. That’s because of an important extension of the program’s boundaries that was quietly decided on Oct. 9. The new boundary, which doubles the original area, runs from U.S. Highway 59 on the east to Interstate 45 on the south and west, and up nearly to Interstate 10 on the north. It includes everything within the Tax Increment Reinvestment Zone No. 3, which has its own incentive, the Downtown Living Program. If it sounds confusing, that’s because it is. Sources at the authority said they plan to re-evaluate the wordiness of the program to make it easier for developers to navigate. “If you’re a developer, you just need to know which way to go,” said Bob Eury, executive director of the Houston Downtown Management District. “We can get them to the right entity. The city basically said, ‘Yes, do the program, but we want the cap over both these pieces of geography.’” At the authority’s Nov. 13 meeting, the joint venture developing the project — made up of Atlanta companies Novare Group Inc. and Batson-Cook Development Co., along with local partner Pete Dienna — not only became the first to use the tax payer-based incentive program, but also the first to take advantage of the program’s new borders. The $65 million project, dubbed SkyHouse, will be at 1625 Main St. and will have 336 units on 24 stories. For the JV, this change doesn’t necessarily mean much more than signing a separate document — the tax cap remains the same and the cap per unit does not change. But for other developers, this means more opportunities under the incentive plan’s expanded boundaries. If there are portions of land that fall within the TIRZ No. 3 district, then it’s likely those parcels will be eligible for the $15,000-per-unit taxpayer-based incentive plan. Laura Van Ness, director of business development with Central Houston, said there is obviously not much land available in the area around the tall skyscrapers, but throughout the TIRZ No. 3 and the original boundaries of the plan, there could be more land to develop into rooftops. Houston First Corp. said this week it would market a prime block of land near the George R. Brown for residential and retail development. The local government corporation, which manages the nearby George R. Brown Convention Center and several other downtown properties owned by the city of Houston, controls the 110,000-square-foot tract bounded by Capitol, Rusk and Crawford streets and Avenida de las Americas. Two historic houses sat on the property until November 2011, when they were moved across the street to become part of the recently announced Nau Center for Texas Cultural Heritage. The Downtown Living Initiative Chapter 380 Program, which the city passed Aug. 22, is intended to double the number of residences downtown and spur development throughout the area by 2016.
  2. 1 point
    If you can get past the first 16 seconds me and my realitives, some nice shots of the miniature train and station.
  3. 1 point
    S3mh, The Historic Districts have helped increase my houses value to the point where I have so much equity that I can get a construction loan, and not having to work through the approval committee makes it that much sweeter. Just because you googled something and talked about it with your friends who also googled something doesn't make you knowledgeable. My next door neighbhor who grew up in the heights, has told me some interesting stuff about the neighborhood he heard from his parents who were some original residents of The Heights. What does that have to do with an overbearing Historic District.... absolutely nothing. For the gajillionth time, it isn't "preservation" that bothers most of us, it is the way the ordinance works. I miss the old days... when you weren't here.
  4. 1 point
  5. 1 point
    That's ok. I lost my Mexican card when I voted for Romney. Just because you're a minority, your vote for a political party is not predetermined. Anyone that thinks and does that, imho, is an idiot.
  6. 1 point
    I saw that this land is for sale again.
  7. 1 point
    Some updates by me from a bike ride: IMAG0468 by dv1033, on Flickr IMAG0469 by dv1033, on Flickr IMAG0470 by dv1033, on Flickr IMAG0471 by dv1033, on Flickr IMAG0473 by dv1033, on Flickr IMAG0474 by dv1033, on Flickr IMAG0475 by dv1033, on Flickr IMAG0477 by dv1033, on Flickr IMAG0478 by dv1033, on Flickr IMAG0479 by dv1033, on Flickr
  8. 1 point
    I love it. Build a Texas Cyclone on it and we practically have AstroWorld back too. What a great way to relish, enjoy and appreciate an exciting part of Houston's history. The 'Astro' era could have its own outdoor/indoor shrine and be a beautiful gateway to Reliant, the Houston Texans and the Rodeo. Of course, I realize that this doesn't scream corporate functionality and I don't see a clear path to unbridled profits at this time (which seems to be the only thing most shortsighted people at HAIF only care about) but it's a great idea just the same. Good luck with this one. As someone who just wants to save the dome for the sake of civil pride (don't care about raising your taxes to do it either), I'm willing to throw my support behind just about anything at this point that will preserve this (still) living symbol. The Astrodome is a larger than life monument to one of the greatest, most excessive, exciting periods in our city's history. It's not just another old stadium. It helped to put Houston on the map and deserves more respect than just any old ordinary white elephant.
  9. 1 point
    love the design... for some reason we don't see a lot of the more modern designs you see elsewhere like Fortune noted. quick question - is parking going to be entirely underground? i don't see much in this rendering. also agree w bluecar... although a highrise is always nice, it would have stuck out like a sore thumb.
  10. 1 point
    There is also the lesser talked about residential mixed-use component to the Hughe's Landing development:
  11. 1 point
    This company is not in the business of helping people, saving the planet or promoting growth, other than the growth of their company. Leave those things to city planners, non-profits or philanthropists. The city has invested something in the Near North with the Metro line. That, in theory, will attract development. Putting this place adjacent to The Woodlands, since this is an imitation of that city, makes sense. It will attract a predictable demographic instead of gambling on attracting some vague gaggle of oddball pioneers. Anyway, I know you know all of this. I agree that any hinting of mass transit options is probably disingenous. Metro doesn't even know what they'll be doing in their next phase and the true Grand Parkway is still only a proposal.
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