CREguy13
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Posts posted by CREguy13
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They need to make the ground breaking announcement already...
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This is great news! Pending further concrete details, I don't see how this announcement can be taken negatively... follow-on private investment will be multiples of whatever Whitmire has planned, even if it doesn't reach the $3B figure. Austin had its boom and is now in the early innings of its bust. ATX is what Houston was in 2015, a crane-filled skyline with tough times ahead.
The vast majority of the current construction pipeline there was capitalized before interest rate hikes started when the city was enjoying major tech expansions, robust VC/Startup activity, relocations from other markets, etc. That party is largely over.
There may be a lot of cranes in the sky, but the sunshine has ended. It is overcast for the foreseeable future.
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3 hours ago, KirbyDriveKid said:
No! Not Avalon Diner! NOOOOOOO! 😭
Quick someone plant some live oaks in the parking lot so those Montrose nimby's save the true heart of Upper Kirby culture.
While I love this design and a great addition for Upper Kirby, Avalon is an absolute institution. It will be so bittersweet if they land a lead tenant to kick this off.
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Woah! Praying this doesn't get value engineered much, this would be quite the catalyst for Rice Village going more vertical.
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If only McNair or someone else in this area could have a bold, visionary mixed-use development here. This is general area is the size of Galleria/CBD. So much potential
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While I like the added density for Eado, this looks like cheap student housing imo. I don't understand the facade's mix of materials
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Will most certainly bring a Catch to ROD, does this include the vacant parcel across Westcreek? This is great news.
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Lobster-obsessed restaurant serving rolls, ceviche, and more opens on Allen Parkway
Allen Parkway’s new mixed-use development welcomes its third restaurant this weekend. MF Lobster & Ceviche opens this Friday, February 16 at Autry Park(3711 Autry Park Dr.).
Chris “Magic Fingers” Kinjo, chef and owner of the Museum District’s acclaimed MF Sushi, worked with his longtime collaborator chef Miguel Alvarez to develop MF Lobster & Ceviche. As its name implies, the crustacean is at the heart of the menu’s offerings.
Not that this publication would ever make an incredibly dated reference to Forrest Gump, but this restaurant serves lobster in a whole bunch of different ways. They include lobster tacos, lobster grilled cheese, lobster mac & cheese, lobster bisque, linguine with lobster, and grilled or steamed whole lobster. Lobster rolls come in two forms — a traditional, Maine-style roll served in a split-top bun and a brown butter lobster bao.
Kinjo will also served other New England-style dishes such as clam chowder, steamed mussels, and sides that include corn on the cob, house made chips, and coleslaw.
The restaurant’s ceviche and sashimi will use the same Japanese fish purveyors that supply MF Sushi. Look for dishes built around tuna, madai, salmon, halibut, and more. Pairing options include 20 house cocktails, a selection of Japanese whisky, and wine.
“My vision of this restaurant is to provide a casual and fun atmosphere for diners, but with substance and quality,” Kinjo said in a statement. “We’re excited to welcome the community to Autry Park for a new type of dining experience from our team. I’ve always done high-intensity restaurants, but this one is more laid back, with simple and familiar dishes. This is a place where customers can come and enjoy the park and feel comfortable while enjoying a high-quality meal and drink."
As part of that casual atmosphere, the restaurant will not take reservations. Instead, diners will be able to sign up for the restaurant’s waitlist via OpenTable. Initially, the restaurant will be open for dinner nightly beginning at 5:30 pm. Lunch service will be announced soon.
MF Lobster’s setting is as distinctive as its food. Designed by the Michael Hsu Office of Architecture (Uchi, Da Gama, il Bracco, etc.), the 2,200-square-foot space is touted as Houston’s only completely round restaurant. It seats 65 people inside with room for an additional 60 on a dog-friendly patio. Details include blue tile floors, floor-to-ceiling windows, and a 15-foot, tree-shaped steel sculpture that references the development’s oak trees.
The new restaurant joins Annabelle Brasserie, a French restaurant from Berg Hospitality, and globally-inspired Auden as restaurants at Autry Park. Over the next few months, they’ll be joined by Turner’s Cut, a luxurious steakhouse from Berg Hospitality; Doko and Bar Doko, a sushi restaurant and cocktail bar from the hospitality group behind Handies Douzo and CultureMap Tastemaker Awards Best New Restaurant winner Aiko; Austin’s Lick Honest Ice Creams; and Annam, Kinjo’s Vietnamese restaurant that will be MF Lobster’s sister concept on the property.
Developed by local real estate firms Lionstone Investments, Rebees, and Hanover Company, Autry Park occupies 14-acres on the western edge of Buffalo Bayou Park. The project's three-phase masterplan includes five towers encompassing 1,450 residential units, 350,000 square-feet of Class A office space, and 100,000 square-feet of retail.
https://houston.culturemap.com/news/restaurants-bars/mf-lobster-ceviche-restaurant-autry-park-open/
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49 minutes ago, j_cuevas713 said:
Yeah based off the market it will likely be residential or a hotel
Without a doubt and would be happy with either, but boutique hotel makes a lot more sense + better for this area imo.
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This NEEDS to be a hotel, hopefully the eventual buyer makes it happen.
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What a great vantage of downtown. This is going to be an incredible cultural center, I can't wait to walk through this and the outdoor area. It begs the question of how quickly the area around here will develop after this is in full operation? If this draws hundreds of thousands of people (including many domestic and international visitors) each year, we must assume more may come on the drawing board in the immediate vicinity, right?
The impact that Autry Park, The Allen, and SCI Redevelopment will have along Allen Parkway is discussed often, but not a lot about a world class cultural institution likely to draw thousands of people to the area.
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I think this will lease exceptionally well. This would be an awesome trend in West Houston, the demand for office space in the Energy Corridor is nuts.
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Was in Autry Park over the lunch hour. Noticed City Boots is going in next to MF, according to their instagram they are opening February 16th. Surprised Autry Park hasn't done any PR on this or has anything on their pages, but looks like a cool retail concept and love that both circular pods are leased and will be open in the next few weeks.
Also there was signage up for 'COMA' in the space nextdoor to Turner's Cut. Looked like more of a workplace, but unclear what the business is.
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Behind a paywall, but looks like this has broken ground per HBJ:
Mimosa Terrace condo project, years in the making, breaks ground near River Oaks
https://www.bizjournals.com/houston/news/2024/02/05/mimosa-terrace-breaks-ground.html
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With the Office foundation permit posting last Friday, Ralph Bivens breaking the Oxy and now Vitol news, I'd say an official press release from Transwestern is right around the corner.
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Projects of this scale can take time, but it is happening and will be incredible. There is big Houston money and influence behind this. The addition of Oxy's future headquarters will accelerate the next phase of buildings, I'd put money on that. Can't wait to see the renderings for the HQ.
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God bless Hanover and their vision. This area is going to take off when these restaurant/retail tenants start opening. There is already a growing buzz on Autry Park and I've heard through the grapevine there are several companies interested in being here. Exciting times.
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love the growing density in Upper Kirby. Great shots @cityliving
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On 1/26/2024 at 8:01 AM, Houston19514 said:
How much unease is there in the Austin real estate community about the fast-approaching glut of office space and HUGE glut of downtown apartments?
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2 minutes ago, shasta said:....they haven't even broke ground.
They can plan, but nobody seems to be in a rush to get this thing built but good news they will move in to this unbuilt project in 3-4 years IF they break ground before the summer.
You really can't please everyone haha
This is accurate reporting, apparently a memo went out not long ago within Oxy on these very details. Having this level of corporate campus is a total game changer for the RO development. The Oxy news is also a recent update and is 'in addition' to the build-to-suit office building (another awesome tenant). This is going to be an incredible urban development, anchored by 2 great corporate tenants.
So much of the interest from these companies to relocate to the RO is primarily the walkability of an urban campus with housing, lodging and retail/restaurants on-site. So cheer up @shasta, there will be a lot of construction soon!
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15 hours ago, Sanjorade said:
My apologies. They had two separate leadership teams.
IMO, these orgs were more interested in touting the big name leases they signed. No one on the leadership team of the Ion had ever built a startup.
One example of a disconnect is attempting to charge a freshly launched, bootstrapped startup to host a launch party on premise. Early stage startups barely have the funds to stay afloat and are trying to break through.
The founder opted for another venue that didn’t charge and actually contributed to the very successful launch party.
The whole thing just seems very forced, as is typical with academia and government.
Don't disagree with any of this. I think the Ion District has huge potential, but moreso a critical mass of later stage tech, energy transition companies, O&G low carbon teams and the capital providers for the transition. There seemed to be a lot of Private Equity, CVS, and VCs that had set up shop there with more coming. The 'start up community' feel was never really there, much more corporate and academic as you've stated.
Honestly, I think the best thing would be for Greentown Labs to pick up their things and take their 80+ member companies to a warehouse (Somewhere like Ironworks would be ideal) in Eado/East End or the Heights. If the district is no longer aligned with Rice's vision, they should sell it to Hines and keep their academic programs/accelerators in the Ion. There's huge potential here, just not necessarily for early stage companies.
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2 minutes ago, Fortune said:Why would The Ion and Greentown Labs have a single leadership team? Aren't they two separate entities that are tenants of The Ion District?
What do most early-stage companies need that The Ion does not deliver?
They are separate entities with different leadership teams. If there were layoffs, maybe a restructure of moving folks around and eliminating some redundancy in roles.
Both Greentown and the Ion have been successful (exceeding expectations in many cases) in their missions from what I experienced as a renter at the Common Desk unless something has changed in the past few months... The Ion is pretty well leased up and Greentown is oversubscribed in member companies. Will definitely be on the look out for reports and may ping a few folks over there.
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Figured this was worth bumping as Transwestern just acquired the property from Borlenghi. Based on current trends in Houston, TW's development capabilities, access to capital, etc. I think building the branded Residences tower is a key part of the vision for this acquistion. Robert Duncan's quote in the press release is a pretty good indicator:
"Our good friend, Giorgio Borlenghi, as Master Developer of Uptown, designed and built this iconic hotel some 17 years ago with his signature quality standards and remarkable eye for detail," said Transwestern Chairman Robert Duncan. "We are privileged to have this opportunity to further elevate the Granduca hospitality experience for our guests. And we are delighted that Giorgio remains a stakeholder who will consult with us to unleash the full potential of this extraordinary property."
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53 minutes ago, 004n063 said:
That's why I'm a little confused by the phasing of the project. I would have thought that MKT-11th would be the most sensible phase 1, and then proceed north (and south, via a different projec) from there.
I'm not sure what the thinking was on starting at 15th and then going north. Maybe they didn't want to be inundated with bikes from the start? Maybe they are studying for unanticipated pain points or something.
It's a great question and don't know the answer. My only hunch is the majority of the MF and retail investment over the past several years is in the section currently U/C, so most likely to get the most immediate use from pedestrians/bikers at the start?
George R. Brown Convention Center Redevelopment, Office Building & W Hotel
in Going Up!
Posted
Trust me, I do too. I love Austin and enjoy visiting there. But if you look at what underpinned its insane growth during the past several years, a lot of that is gone. Tech has contracted, startup VC peaked in 2021, and the relocation trend led by wfh has retreated - there is more outbound than inbound migration.
Long term bullish, near term not so much.