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CREguy13

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Posts posted by CREguy13

  1. 11 hours ago, hindesky said:

    This will also be a hotel operated by the Bunkhouse group according to a member of the First Montrose Commons civic association. He talked about the project at the Neartown Association meeting that was held tonight. He asked for the local civic associations to oppose the closure of the alley. He also mentioned that the current salon would be used as the lobby, the 3815 Montrose building would be renovated in to the hotel rooms and the house on W. Alabama would also be renovated (he mentioned something about a restaurant which I assume would be in this building). He said that the entrance to the parking area would be off of W. Alabama St. which is currently fenced off. Only access to the alley now is from Sul Ross ST. and the parking area is used by the workers in the 3815 Montrose building.

    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.

    • Like 2
  2. 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?

    • Like 4
  3. 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...

    6KLr (1).gif

    • Like 8
  4. 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.

    • Like 4
    • Thanks 1
  5. 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.

    • Like 2
  6. 2 hours ago, Amlaham said:

    Think this has already been discussed, Houston is hoping to land ARPA-H here. One is already planned for DC, and the other 2 locations are up for bids.

    https://communityimpact.com/houston/bellaire-meyerland-west-university/development/2023/06/05/houston-seeks-federal-research-hub-as-helix-park-advances/

     

    Of course we have some competition. Dallas, Austin, and San Antonio are apparently all teaming up to make a bid for Pegasus Park in Dallas. Kind of interesting that all cities would team up to bid for Dallas, rivaling against Houston's bid. They believe they have a competitive edge since its all 3 cities now teaming up against 1. 

    https://dallasinnovates.com/three-texas-cities-team-up-to-bring-national-health-research-hub-to-pegasus-park/

    https://www.prnewswire.com/news-releases/biontx-supports-texas-consortium-for-arpa-h-customer-experience-hub-301822050.html

     

    I feel like Houston desperately needs this, so fingers crossed 🤷‍♂️

    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.

    • Like 9
  7. 2 hours ago, Houston19514 said:

    I think joint venturing the development of the district has always been the plan.

    Definitely, just wasn't sure if that may have been where a possible disconnect was on Rice's course correction/reorg as it relates to their involvement in the District going forward.

    • Like 5
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