CREguy13

I was on that rooftop bar immediately next door last week for an event. It had a towering presence for sure.

Is any of the 703,000 SF of office pre-leased?

Permitting office has been super backed up since their system went down in Covid. The tenants and building owner would love nothing more than to open as quickly as possible.. the main issue is the backlog to receive a permit.

Just my take, those small elegant buildings you're referencing appear to be for the Auberge hotel and private residences, not the multifamily. Again, I believe the plan is still for the office, multifamily, and hotel + residences to all be U/C at the same time. Ground breaking timelines will likely vary, but they should all be a go. Talk about a drastic change in the Buffalo Speedway/West Alabama corridor in just a few short years 😐

Thanks for all the new updates, hindesky. Great confirmation on Bunkhouse and this will be quite the block of activity, especially with Clark's next door... Awesome stuff.

Unlikely. https://www.houstonchronicle.com/food-culture/restaurants-bars/reviews/article/littles-oyster-bar-review-pappas-18292160.php

To date, I'd agree it has certainly been below expectations since the Kimpton + Condos never materialized. Overall though, I'm withholding final judgement until we find out if Hines is cooking up something with the two adjacent sites on the rail line. That said, Willowick Residential taking over PM services could have very well been a one-off transaction. Also, those sites were for sale a few weeks ago and are no longer listed on the Market... did they get taken off or did someone snag em?

I'm hoping this is Hines making its first move into Midtown, with the potential to acquire the rest of Caydon's original parcels, which may include Houston's first T3 office building in the immediate block north of Drewery Place. There are very few areas in Houston for Hines to do a T3, this is right on the McGowen stop, one stop away from Mid-Main, two stops from the Ion District, right across from Midtown Park, etc. etc. I know the Office market is brutal for any new construction, but I think Midtown could support a Hines boutique Timber building with rail access. The Ion is almost full, and there's no other Class A space in the area and demand is growing for companies looking in the 'Innovation Corridor' spurred by what's going on at the Ion. Tin Foil hat is on...

I'm really excited to see how they engage the street. Luxury MF highrise + boutique Office building (which I believe may be timber construction 👀) with retail fronting Kirby should yield a very pedestrian friendly realm.

Great news. I could see Port Houston being in a better area in mixed-use development having a gravitational pull from certain companies... especially as Houston and Texas trade continues to grow.

Is anything happening on this site? Drove by here recently and there was an OHT Partners banner on the fencing.

Really hope the Office, Multifamily, Hotel, and Retail all go at the same time. As I understand it, things are coming together so fingers crossed!

Chevron is definitely moving their headquarters here, just hope it is sooner than later. Also, someone on HAIF previously mentioned Corebridge Financial (AIG spin off) is likely to join the list for 2023 after its first full year of reporting/operating as an independent company.

Didn't get picture, but they were doing some work on the site yesterday when I was at Beck's Prime.

I'm so excited to see this start coming out of the ground. What a canyon feel this will give Allen Parkway as it starts to go vertical.

Ideal case scenario 🙏🙏

If I recall correctly, when Harris County made the decision to consolidate all or nearly all of its operations into 1111 Fannin, it was going to free up its wned and leased facilities that were relocating from this area, including several full-block and partial block sites, for private development. No knowledge of what's happening here, but my hope and assumption is the process is starting to ready these sites for future development.

TMC Helix Park is really starting to pick up momentum. Would love to see some of the other institutions break ground soon on their buildings and be great to land a big Life Science or Biotech company as a tenant in Dynamic One. How exciting!

Agreed. It's been in The Sterling lobby since they opened, but it appears some recent changes may have been made... It's a little bit of a tease considering this isn't even part of Phase II (unless they have shifted some things around) which has been dead quiet in the past few months. That said, if they could build this high-rise as-is (height-wise) then much would be forgiven from GID on the Regent Square roll out. If they can't get Phase II going in the next 2-3 years, I hope GID accepts a premium offer from Hanover for all or a portion of the remaining sites. I'm sure that's certainly on Hanover's radar with how successful Autry Park has been out of the flood gates. Imagine what a 30-35 acre Hanover Mixed-Use would look like 👀

Follow the money 😎 https://www.businesswire.com/news/home/20230621980964/en/Portal-Innovations-Partners-with-Texas-Medical-Center-to-Expand-National-Footprint-and-Fuel-Houston-Based-Life-Science-Breakthroughs Portal Innovations Partners with Texas Medical Center to Expand National Footprint and Fuel Houston-Based Life Science Breakthroughs Chicago-based life science VC firm announces plans to expand strategic partnerships with Beacon Capital and ZoE LIfe Sciences to establish lab and office space on TMC Helix Park Campus HOUSTON--(BUSINESS WIRE)--Portal Innovations, a life sciences venture capital firm, today announced its expansion into Houston, Texas, partnering with the Texas Medical Center (TMC) to drive early-stage biotech and medtech startups. The company will operate 30,000 square feet of world-class lab and office space in the TMC3 Collaborative Building within TMC’s new Helix Park complex, a 37-acre mixed-use campus with a focus on therapeutic and diagnostic research. The expansion marks Portal’s continued growth as a national life sciences VC and portfolio development company, expanding its capabilities with support from capital partners Beacon Capital and ZoE Life Sciences. “Houston is one of the fastest-growing cities in the U.S., and home to one of the world’s leading cancer research institutions, The University of Texas MD Anderson Cancer Center,” said Portal’s Founder and CEO, John Flavin. “It’s critical for us to open in Texas and leverage nearby pipelines from Rice University, UTHealth Houston, Texas A&M, University of Houston, Baylor College of Medicine, and others across Houston’s innovative life sciences ecosystem. We’re thrilled to work with TMC to help grow tomorrow’s biotech and medtech leaders.” Portal’s Houston presence and TMC collaboration will drive innovation for startups in a state that already claims more than 4,800 biotech companies. In addition, Portal will gain access to TMC’s expansive network of healthcare institutions, research organizations, and commercialization resources within a unique and robust infrastructure for startups. Together, the organizations will offer support such as leadership mentoring, life sciences events, venture capital pitch days, and career networking opportunities. "TMC has steadily been building an innovation ecosystem in Houston through initiatives like the TMC Venture Fund, our incubator programs, and our global BioBridge relationships," said Bill McKeon, CEO of Texas Medical Center. “In Portal, we have a partner with a proven track record of leveraging venture capital funding, expert partners, and strong programming to support dynamic, entrepreneurial businesses at pivotal moments of their growth. We look forward to building on our collective expertise and shared vision to further support the breakthroughs of early-stage life science ventures.” Designed to unite healthcare, life science, and business users, TMC Helix Park is anchored by research labs, large-scale commercial spaces, retail, a hotel and conference center, and public green space, all within approximately 6 million developed square feet. Portal will move into Helix Park’s TMC3 Collaborative Building in Q2 2024, actively looking for investments and offering premier lab facilities and development resources to startups between seed and Series B rounds. “We’re excited about expanding our partnership with Portal Innovations and TMC to support the life sciences ecosystem in Houston,” said Fred Seigel, President and CEO of Beacon Capital Partners. “Portal has been at the forefront of breaking into emerging U.S. markets, and Houston represents a prime opportunity to expand our commitment to growing life sciences across the U.S.” Houston is poised to become the leading U.S. life sciences hub, with a flourishing infrastructure that includes major academic institutions, world-class research centers, and a large and diverse talent pool. With its strong focus on innovation and entrepreneurship, Houston is the ideal location for Portal Innovations to continue its mission of supporting and investing in the next generation of life science startups.

Clifford Chance is one of the largest, most notable firms in London. They must have big plans for Houston to be making this move. More reason to be very bullish on Houston 😎

I think the move is shifting the strategy to largely all residential, some hotel, and lot more retail - forget office. It's just too removed from downtown and the tunnels to make it work + a lot of the creative companies/startups are preferring Montrose, Heights, Eado/East End, Ion District, etc. If they can get it to pencil, lots of highrise residential with access to the food hall, sky lawn, BBP, walking distance to downtown, just up the street from lower Washington, etc. makes a ton of sense. Also, it's clear people want to spend money here so integrate a bunch of retail, potentially 1-2 larger stores (HEB🙏🙏)

Has Trammell Crow been the known developer for awhile? Awesome design and love the timber

Excellent location for a new coffee shop.

Per the article, we'll find out who makes 2nd round cut and gets a site visit in early summer. Pulling from the CI Article, TMC Helix Park is almost perfect for the description of 2nd Hub bid given our partnering institutions, proximity to TMC Main Campus, # of annual clinical trials, Houston's diversity for those trials, Research standing, etc. etc. I'd be absolutely speechless if Pegasus Park won consideration over TMC on this specific bid type.