jgriff

Maybe they took the website down in anticipation of a new one going up.

Maybe they took the website down in anticipation of a new one going up.

Real estate prices in this area don’t seem to support the economics of high rise construction.

I was surprised at the price paid for the Detention Center site. My lot is appraised at $85/SF. Of course it's not suitable for development due to the size. Is it normal for a commercial size lot like this to be worth double what a residential lot would be? I hope this doesn't push my taxes up.

They had serious issues during Harvey. I'm sure Hanover will take the flooding issues into account in the design of the new buildings. On the site plan I believe only Reserve "B" would have flooding issues. I walked the entire area many times during Harvey since I live just a few hundred feet away. Since Hanover paid about $7 million an acre for the Detention center portion I'm sure The Center got a big price for their site, it was almost 7 acres. The property taxes on this development are going to be huge. Here's what The Center had to say about the sale on their blog. https://thecenterhouston.org/with-plans-for-a-new-location-underway-the-center-finds-a-temporary-home-on-kirby-drive/

Here's the plot for those that don't want to look through the PDF.

Lots of details in this document. The entire site is about 13.5 acres. It looks like they've bought everything East of Martson street. They are adding several streets. Martson street and one of the new ones will connect to Allen Parkway. ftp://edrc.houstontx.gov//2019/2019-02_DraftAgenda.pdf

Sorry, delete this post...

That IS pretty cheap actually. If this is what the incentives made possible then I would say they did subsidize “affordable” housing. A person living in an $1100 a month apartment is probably not rich, probably working class. My first apartment in Houston 23 years ago was $800. It was larger than this but the location was terrible.

Wow, that's news to me! Maybe it should be combined.

The first post in this thread is about 3550 West Dallas. The other one is about 3540, that one has been purchase by Hanover. They are actually two different sites. One is 4.5 acres and the other is about 6.75 acres. I’m still not 100% certain which site the new variance signs are for.

The big building with the orange tower was a juvenile detention facility. I’m not sure what the building in front was for.

Im confused too. The apartments on the corner of West Dallas and Shepherd are supposed to be called Alta West Dallas. I’m just glad there’s finally some movement on this area.

Sounds like this one is going up right now. No delay.

Here’s some info on 3550. I don’t know if it sold yet. If anyone has any info I’d love to hear it. I love very close to this site and am looking forward to its redevelopment. https://www.loopnet.com/Listing/3550-W-Dallas-St-Houston-TX/9376936/