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ChannelTwoNews

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Everything posted by ChannelTwoNews

  1. Western Galveston getting mixed-use with hotel, condos, restaurants - Houston Business Journal (bizjournals.com) "Mohamed Eldawy, through his new company, Royal Crown Enterprise LLC, last month purchased about 16 acres on the western-most edge of the Seawall from members of the Maceo family, a famous Galveston clan that goes back to the island’s gambling and bootlegging era of the early 20th century." The site would be built out in three phases. The first would begin sometime next year. Phase I -Bars & restaurants built "around a courtyard" - per the article -10 to 12 story condo tower (270-300 2 and 3 bedroom units) Phase II -7 story senior living building (80 1 and 2 bedroom units) -7 story hotel (120-150 rooms) Phase III -2 building, 270 unit apartment complex of unknown height
  2. Houston Methodist leases 75K-SF in TMC's new Helix Park campus - Houston Business Journal (bizjournals.com) "Houston Methodist signed a 75,800-square-foot lease at Dynamic One, one of four industry research buildings on the 37-acre Helix Park campus, for new research laboratory space. Transwestern, which handles leasing for Dynamic One, said the lease spans two floors in the building." This brings the building up to 57% leased per the article.
  3. Generation Park's Center for Biotechnology breaks ground - Houston Business Journal (bizjournals.com) "Houston’s biomanufacturing talent pipeline will soon get a shot in the arm thanks to the future Center for Biotechnology at San Jacinto College, which broke ground on Jan. 26."
  4. The Hotel Santa Rita was approved by Midland City Council on Tuesday (mrt.com) "Hotel Santa Rita is one step closer to reality following a 5-2 approval vote by Midland City Council voted Jan. 23, 2024."
  5. Fein Acquires Land in City Place | Realty News Report "Later this year, Fein will start building a 326-unit apartment project on the site, 2002 Spring Stuebner Road. The new residential community is named Echo Lake. Fein purchased the City Place land from CDC Houston, a subsidiary of Coventry Development Corporation of New York."
  6. Port coming off record year, preps for major arrivals | News | thefacts.com "Volkswagen’s new processing plant on Port Freeport property is nearing completion with operations expected to start up within the next six weeks, port CEO Phyllis Saathoff told a Brazosport Area Chamber of Commerce luncheon audience Wednesday at Brazosport College."
  7. From: See Houston-area cities with flood warnings, school delays Wednesday – Houston Public Media
  8. Pillsbury Winthrop Shaw Pittman moving from 2 HC to 609 Main Pillsbury Winthrop Shaw Pittman to move Houston office to 609 Main - Houston Business Journal (bizjournals.com) "Pillsbury signed a lease for 28,000 square feet in the building, spanning the entire 20th floor. The law firm plans to make the move this spring."
  9. Margaritaville will be the Resort here. Margaritaville resort to anchor $6B David Craig-backed project in Denison, north of Dallas - Dallas Business Journal (bizjournals.com)
  10. Russell Gordy launches BKR Real Estate Management with Midway alums - Houston Business Journal (bizjournals.com) On the potential of demolishing Memorial Heights for Phase II - in time, but not yet... “It’s a good asset for the family, and they want to be sure that whatever they do there is done right,” McLaughlin said. “At one point, they considered putting an office building there. But they decided the office market wasn’t where they wanted it to be for that kind of project. So, they’re happy to be patient until they can really unlock the property’s value.”
  11. Margaritaville Resort on Galveston's East Beach hotel is confirmed - Houston Business Journal (bizjournals.com) Renderings / site map from article.
  12. For Sale, again. Hot Wells Shooting Range site in Cypress for sale again - Houston Business Journal (bizjournals.com) "A 48-acre property that was once the site of a popular Cypress gun range will soon be back on the market with an asking price of $7 million — a $1.5 million discount from the property’s initial asking price when it first went up for sale last year."
  13. huntsouthwest.com/59-logistics-center-houston/ Brochure: http://huntsouthwest.com/wp-content/uploads/sites/27/2022/12/22.06.23-Brochure-Humble-59-Logistics-Center-v5.pdf United Airlines to open first global distribution center in Humble | Community Impact "Humble City Council officially approved a tax abatement agreement with United Airlines during the Jan. 11 meeting to construct the very first global distribution center outside of airport property in the U.S."
  14. They've also taken five floors in the adjacent Two Eldridge tower. "The global engineering and construction company in late December signed a 69-month, 104,677-square-foot lease for five floors in the 14-story Two Eldridge, at 757 N. Eldridge Parkway." One Eldridge: 89% Leased Two Eldridge: 97% Leased Three Eldridge: 100% Leased
  15. Commerce Bank seeks to double Houston office footprint - Houston Business Journal (bizjournals.com) "Commerce Bank currently occupies about 6,500 square feet of space at 1900 W. Loop S. near the Galleria. The bank, which primarily operates in the Midwest, has about 20 employees in its Houston office and is actively recruiting to grow its local headcount. Thus, Commerce Bank aims to effectively double its Houston real estate footprint to accommodate its planned growth, Sebastien Solar, the bank’s Houston market president, told the Houston Business Journal."
  16. Main Street Freeport TX | Freeport TX | Facebook Could Main Street bring Freeport's downtown back to life? | News | thefacts.com "A major part of that mission has been approved by the Freeport City Council with support from the Freeport Economic Development Corp. Through the University of Texas at San Antonio’s Center for Urban Planning and Research, Main Street Freeport will conduct a study of the city’s past and present to create a comprehensive downtown plan that will include guidelines for the preservation of historic buildings."
  17. Really fascinated with how they can get crews up to wrap the surrounding towers in a short amount of time. This one looked great from the photos so far.
  18. Harris County plans makeover for Sylvan Beach in La Porte - Houston Business Journal (bizjournals.com) "A $30 million master plan has the goal to once again make Sylvan Beach the kind of regional destination it used to be in the early 20th century."
  19. A 300-ton pile of oyster shells and a unique plan to restore reefs along Galveston Bay – Houston Public Media "Since 2020, Halili has been collecting oyster shells discarded from the restaurant her son runs, Pier 6 Seafood. In a lot adjacent to the restaurant sit some 300 tons of shells in a giant pile. In the spring, they’ll be dumped offshore just a few hundred yards from Pier 6 to create an attractive new surface for young oysters to attach to and grow on, in what is being named Rett Reef."
  20. Another proposal has the approval of City Council and should be complete next year. Pasadena Convention Center and Fairgrounds to expand - Houston Business Journal (bizjournals.com) "The project includes the addition of a 110,000-square-foot multipurpose arena with 7,500 seats to create an approximately 153,000-square-foot complex. The existing building will be remodeled to update meeting rooms, restrooms and finishes."
  21. Bank of Texas plans to double downtown Houston office space - Houston Business Journal (bizjournals.com) "Bank of Texas currently occupies the entire 10th floor — about 29,000 square feet of space — in 5 Houston Center, which is located at 1401 McKinney St. downtown. The bank has signed a full-floor lease for the 11th floor of the office building, essentially doubling its presence downtown, Houston Region CEO Randall Walker told the Houston Business Journal. The company plans to move into the new space in the latter half of 2024."
  22. Definitely saw this one was underway when I was there last week, though I didn't see a sign that mentioned the restaurant specifically.
  23. It's probably time to do a post-mortem on the "JCI Grill" experiment. JCI Grill president on restaurant closures, Houston suburban expansion (houstonchronicle.com) This article from last year kind of brings home everything that's happened since this thread started. That article makes repeated references to JCI Grill as well, but I saw something different on my most recent visit. My family went to the location at Meyerland around the lunch rush on Christmas Eve and business was brisk both in the drive-thru and in the restaurant. There were several families there having lunch and exchanging gifts along with smaller parties. It wasn't completely packed, but business was certainly steady. The folks at the counter were on top of their game and management was actively working back in the kitchen to keep the momentum going. They gave us "Coney Caps" for everyone to have during the meal since they saw I had kids. I had to get my standard Walker Street / Houstonian / whatever it's called now and tamales with chili cheese with Coney Delaware Punch. The taste was still there for just about everything. I lingered. The fact that I have two girls 5 and younger also helped, but I saw others doing the same and taking their time there. I was also happy to notice something that was not super present: that JCI Grill branding. Only saw a couple of mentions immediately at the front door but everything else had appeared to have reverted back to "James Coney Island". The Coney Caps were even older in terms of design and had the pre JCI Grill logo on it which was a nice touch. If the experience I had at Meyerland is what's taking place at their remaining locations, then they'll be fine. If they can expand with the smaller-sized concept that they'd been hinting at into the suburbs and take that quality with them - they'll be even better off.
  24. Opening January 13th Porky's Backyard slated to bring 13 food trucks and a bar to Humble on Jan. 13 | Community Impact
  25. Houston bidding to host 2026 World Baseball Classic - Houston Business Journal (bizjournals.com) "Burke said there are 16 other cities in the running to host the next iteration of the tournament. Houston hopes to find out if it will host the World Baseball Classic prior to the start of the 2024 MLB season at the end of March, she added. Games would presumably be hosted at Minute Maid Park in downtown."
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