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ChannelTwoNews

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  1. ChannelTwoNews
    Q&A: Janis Burke, Harris County-Houston Sports Authority CEO, talks World Cup, NHL, Houston impact | Community Impact "Is there any update from Major League Baseball on the city's bid for the World Baseball Classic in 2026? We haven’t, but I feel good about it, because I always feel good about every bid. I think we will probably hear back before the end of [April]. That’s what we’ve been told. I heard in Miami, the city hit over 425,000 attendees to the World Baseball Classic. Can you imagine that in the spring, and then the World Cup in the summer? It’ll be our international year for sure."
  2. ChannelTwoNews
    Bojangles will be coming to this development as well... Bojangles to open along Grand Parkway in Tomball | Community Impact "Opening at the end of 2024 13205 N. Grand Parkway W., Tomball"
  3. ChannelTwoNews
    New 'Destination Porsche' dealership opens in Sugar Land (houstonchronicle.com) "In another measure of Fort Bend County's economic success, the Houston area's newest Porsche dealership last week held its grand opening in Sugar Land, drawing several hundred guests who socialized amid sleek cars and snacked on oysters. While there are several other Porsche dealerships in the Houston area, the Sugar Land showroom is the first in Texas designed in accordance with the "Destination Porsche" concept the automaker announced in 2019. The idea is that the dealership should serve as a gathering place, as well as a showroom. Visitors to the Sugar Land location will find a barista on site, as well as a social space with ample seating, the Porscheplatz."
  4. ChannelTwoNews
    Kelsey-Seybold expands Fort Bend campus - Houston Business Journal (bizjournals.com) "The system announced the completion of its Fort Bend campus expansion this week. The project added a cancer center and shelled space for a future ambulatory surgery center, as part of renovations to the existing building and the construction of a new 135,000-square-foot building. The ambulatory surgery center is set to open in 2025, while the cancer center is already operational."
  5. 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."
  6. 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."
  7. 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."
  8. 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."
  9. 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."
  10. 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."
  11. 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.”"
  12. 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."
  13. ChannelTwoNews
    The pictures are great, and your new signature is even better. Bravo!
  14. 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."
  15. 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.
  16. 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."
  17. 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."
  18. 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."
  19. 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."
  20. ChannelTwoNews
    It would be the 43-story tower that's been planned there for a couple of years. That date is new though...
  21. 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."
  22. ChannelTwoNews
    Very much looking forward to checking this out with my kids when I'm back in town at the start of June.
  23. 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
  24. 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."
  25. 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."
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