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ChannelTwoNews

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  1. ChannelTwoNews
    Kinder Morgan, TGS Cedar Port plan carbon storage project - Houston Business Journal (bizjournals.com) "During its first-quarter 2024 earnings call April 17, the Houston-based midstream giant announced it had executed a pore space lease agreement with TGS Cedar Port Partners LP, which owns TGS Cedar Port Industrial Park, the largest master-planned, rail- and barge-served industrial park in the U.S. The pore space spans 10,800 acres near the Houston Ship Channel and can store more than 300 million tonnes of carbon dioxide. Kinder Morgan said this will give the company a geographically and geologically advantaged platform to develop carbon sequestration solutions for nearby emissions."
  2. ChannelTwoNews
    Tannos, Wolfgramm break ground on Friendswood City Center - Houston Business Journal (bizjournals.com) "Local joint venture Madison Development Corp., made up of Tannos Development Group and Wolfgramm Capital, officially broke ground on Friendswood City Center on April 18."
  3. ChannelTwoNews
    Samsung's Texas investment to transform Taylor into chipmaking hub - Austin Business Journal (bizjournals.com) "The impact of the Samsung factory in Taylor, about 40 miles northeast of Austin, is well-documented: thousands of jobs, billions of dollars of capital investment and transformation of the small city of 17,000 people that once was the economic engine of Williamson County north of Austin. Taylor is primed to regain that title. The rewards got even bigger this week, when the federal government committed to provide $6.4 billion in grants to Samsung, widening the company's investment to $45 billion in Central Texas and making it one of the largest economic development projects in U.S. history. The result will be the establishment of one of the most advanced and complete semiconductor facilities in the world, with multiple fabrication lines, a research-and-development facility, a packaging facility and more."
  4. ChannelTwoNews
    Austin real estate news: What's up with downtown? - Austin Business Journal (bizjournals.com) "Consider this statistic from real estate firm Aquila Commercial LLC: There are 10 already-built towers downtown with at least 100,000 square feet of direct vacant office space — and three of the biggest and newest office blocks are completely empty despite being ready for tenants for many months. On top of that, some huge new office towers are in the works and will be courting prospective tenants soon, and there's no shortage of less expensive office space outside of downtown."
  5. ChannelTwoNews
    Austin real estate news: What's up with downtown? - Austin Business Journal (bizjournals.com) "The Trammell Crow-developed tower has almost 800,000 square feet of office space sitting dark on Google's dime. According to commercial real estate firm Avison Young, rental rates in Austin's Central Business District at year-end 2019 averaged $67.39 per square foot for trophy properties. Assuming Google signed a lease at that rate, the company could be on the hook for about $145,000 per day or $53.2 million per year. It's apparently a cost that can be stomached by a company that reported $74 billion in net income last year."
  6. ChannelTwoNews
    Home Run Dugout adding another batting bay building - Houston Business Journal (bizjournals.com) "Since opening, business has been so good that founders Nick Hermandorfer and Tyler Bambrick are adding another 10 indoor “batting bays” in a new 9,242-square-foot building on the north side of the property. Construction on the $3 million expansion started in early April with a goal to open this summer, Home Run Dugout said."
  7. ChannelTwoNews
    Needville zip code & Needville ISD schools, but between the Needville, Pleak & Fairchilds ETJs. Lennar, Rausch Coleman Homes to develop Esperanza community - Houston Business Journal (bizjournals.com) "Rausch Coleman has started developing the first of about 440 homesites, and Hall expects Lennar to get started on its 1,260 lots in the next two to three months. “Including Rausch and Lennar, there will probably be close to 500 lots developed within this calendar year,” Hall said. “And then that would occur probably … every other year over the next three to five years, depending on the market (and) the velocity of the sales.”"
  8. ChannelTwoNews
    U.S. Navy spending up to $148M to expand Corpus Christi base - San Antonio Business Journal (bizjournals.com) "Mississippi-based Yates Construction was recently awarded a contract worth up to $148.3 million to build out about 206,000 square feet of facilities at Naval Air Station Corpus Christi, according to the U.S. Department of Defense's contract database. The firm will build a 140,000-square-foot aircraft component repair shop and a 65,000-square-foot administrative annex building for the base's leadership." Harbor Bridge Project set to be completed Spring 2025 | kiiitv.com "Allison added the North Tower upper lifts are complete while the South Tower lifts are almost finished. "We are on lift 18; to get up to a lift 20 we should be complete there by the end of May," she said."
  9. ChannelTwoNews
    The pictures are great, and your new signature is even better. Bravo!
  10. ChannelTwoNews
    Downtown Dallas library could get major overhaul; Plans for Jonsson Central Library being formed - Dallas Business Journal (bizjournals.com) "Dallas' often-criticized central library could eventually get a major overhaul, its first since opening more than 40 years ago — if Dallas Public Library officials get the funding they want from city leaders."
  11. ChannelTwoNews
    Sort of wondering how the developer looks to proceed with his other projects, including this tower. The large project that Fort Worth seems to have booted him from and that he (back in February) was saying he was intending to still develop regardless now apparently is dead - at least in terms of Hoque's involvement.
  12. ChannelTwoNews
    Office tower plans are unchanged, but the condo tower has been modified to include hotel rooms. Kaizen proposes 30-story hotel, condo tower in Uptown Dallas in KERA partnership - Dallas Business Journal (bizjournals.com) "Kaizen Development Partners LLC wants to build a 30-story hotel and condo tower just west of Uptown Dallas, instead of a previous proposal for a fully residential high-rise. The proposed tower would house 90 condos and 200 hotel rooms on the southeast corner of about 2 acres the developer will buy from broadcaster KERA, according to public documents submitted to the Oak Lawn Committee."
  13. ChannelTwoNews
    Parkside Uptown gets Goldman Sachs construction loan - Dallas Business Journal (bizjournals.com) "Parkside Uptown, a new office tower where Bank of America will be the anchor tenant, has received $290 million in financing from Goldman Sachs. The global investment bank provided the construction loan for what is set to be a 500,000-square-foot high-rise, JLL Capital Markets announced April 17. JLL said it worked on behalf of developer Pacific Elm Properties to secure the loan."
  14. ChannelTwoNews
    River Walk development tied to Dream Hotel in limbo, fate uncertain - San Antonio Business Journal (bizjournals.com) "While the developer involved in the long-anticipated Dream Hotel insists that project is not dead, and work could begin before the end of the year, he said a larger development planned around it is on hold. Riverplace was unveiled in 2021 as a roughly $400 million mixed-use development that would flank the hotel. The vision for the project included a residential tower, condos, offices and retail space."
  15. ChannelTwoNews
    Austin real estate deals: Subleases on display - Austin Business Journal (bizjournals.com) "Meta Inc.: 530,725 square feet Meta Inc.’s sublease at Sixth and Guadalupe, which opened to residents earlier this year and is the tallest tower in town, is by far the largest sublease on the market. The parent company of Facebook pre-leased the office space on December 2021, and announced it would seek a subtenant for it in November 2022, over a year before the tower was complete. To date, Meta has not found a subtenant for the tower that is now done, but a Meta spokesperson recently confirmed that the company has begun sublease negotiations with prospective tenants. It's unknown how far along those negotiations are or how much space may be taken."
  16. ChannelTwoNews
    It would be the 43-story tower that's been planned there for a couple of years. That date is new though...
  17. ChannelTwoNews
    Austin developers dealt blow from court ruling over waterfront plan - Austin Business Journal (bizjournals.com) "Endeavor Real Estate Group LLC's plan to transform the former downtown headquarters of the Austin American-Statesman into a huge mixed-use development is facing a potential impasse, as are other redevelopment projects just south of Lady Bird Lake. That's because a judge has sided in favor of a court challenge that argues the city of Austin acted unlawfully in creating a financing mechanism intended to help pay for infrastructure improvements within the 118-acre area called the South Central Waterfront District. The decision was made by Travis County District Court Judge Jessica Mangrum on April 12."
  18. ChannelTwoNews
    Very much looking forward to checking this out with my kids when I'm back in town at the start of June.
  19. ChannelTwoNews
    Whitmire backs efforts to revitalize Houston’s Freedmen’s Town (houstonlanding.org) "City Council voted in mid-2021 to designate the community as its first Heritage District. The designation allowed nonprofits to raise money for restoring historically significant features and to develop cultural landmarks. Backed by a $1.25 million grant from the Andrew W. Mellon Foundation and National Endowment for the Arts, the ambitious, multiyear project was announced early 2023 under former Mayor Sylvester Turner’s administration with much fanfare and enthusiasm. Although city involvement initially sparked community skepticism, community advocates were confident that this time would be different because it’s rooted in community involvement. Now with support from Whitmire’s administration, advocates are optimistic and confident that the project will be prioritized." HPW Design Concept for Brick Streets Report: https://s3.documentcloud.org/documents/24536479/2024-03-freedmens-town-dcr-community-meeting_sm.pdf
  20. ChannelTwoNews
    First look at new renderings of Rothko Chapel's campus expansion (houstonchronicle.com) "On Wednesday, phase two kicks off with a groundbreaking ceremony. Over the next two years, Architecture Research Office and Nelson Byrd Woltz will manage the construction of the new Administration and Archives Building and the Kathleen and Chuck Mullenweg Meditation Garden in addition to a program center, guest house for resident and visiting speakers and fellows, plus a shaded, shared plaza."
  21. ChannelTwoNews
    For what it's worth, the land for the Nashville tower just sold at a foreclosure auction. The original developer of both projects continues to face heat. From that article, some developments since November... "Two liens have also been filed against the property. Skidmore, Owings & Merrill LLP, a Chicago-based architect on the project, filed notice of lien on the property on Dec. 22, for nearly $2 million, according to Metro records. Nashville-based Ragan-Smith Associates Inc., an engineer on the project, also filed notice of lien on Nov. 7, claiming an outstanding balance of $20,286."
  22. ChannelTwoNews
    AI energy company GridBeyond lands Series C funding - Houston Business Journal (bizjournals.com) "An international “smart energy” company with its U.S. headquarters in Houston has closed over $50 million in funding. Dublin-based GridBeyond, which expanded to Houston in 2020, announced its Series C round of 52 million euros, or $55.2 million, on April 16. The round was led by Klima, the climate impact fund of international financial services firm Alantra. The Series C round also included new and returning investors Energy Impact Partners, Mirova, Act Venture Capital, ABB, Constellation and Yokogawa Electric Corp."
  23. ChannelTwoNews
    District West signs McIntyre's, 810 Billiards & Bowling leases - Houston Business Journal (bizjournals.com) "After years of little movement, a long-planned mixed-use development seems to have reached critical mass. Richmond-based Ferguson Family Partners, the developers of District West, recently signed a 2.88-acre ground lease with popular sports bar McIntyre's and a lease for 30,000 square feet with 810 Billiards & Bowling. McIntyre’s is expected to open in the next 12 months."
  24. ChannelTwoNews
    The Moran CityCentre hotel undergoing renovations - Houston Business Journal (bizjournals.com) The Moran CityCentre's 244 guest rooms have been updated, and the transformed public spaces will debut in late summer, Midway said April 15. The goal of the project is to improve "the overall guest experience through a modern Texas-inspired aesthetic, state-of-the-art amenities and new food and beverage offerings," the company said.
  25. ChannelTwoNews
    April 1 - Ralph Bivins Says Goodbye to the old Library City Condemns My Beloved Building | Realty News Report April 15 - Reopened. Whitmire hopes to keep Montrose branch library building open (houstonlanding.org)
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