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DrLan34

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    The old Waddell Furniture warehouse (shown here) is being transformed into “industrial chic” lofts while the old Cheek-Neal Coffee building is being redeveloped into tech offices. Read more at: https://www.bisnow.com/houston/news/neighborhood/how-houston-is-making-eado-happen-56787?utm_source=CopyShare&utm_medium=Browser
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    https://www.bisnow.com/houston/news/office/united-airlines-signs-lease-for-hines-609-main-56602 609 Main at Texas has brought another major lease on board. United Airlines inked 225k SF in Hines to-be-iconic building under construction Downtown. With 1,600 employees, United Airlines is the 11th-largest employer in Downtown Houston, according to the Houston Business Journal. Its current offices are at 1600 Smith, which it acquired when it merged with Continental Airlines in 2010. The new 48-story spec office at 609 Main is already home to law firm Kirkland & Ellis, which signed a lease for 62k SF at the top two floors. Hines’ new building is expected to be completed in 2017.
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    http://www.bizjournals.com/houston/morning_call/2016/02/first-look-inside-randall-davis-new-astoria-luxury.html Randall Davis Co. and DC Partners are also under construction on two other luxury condo towers in Houston: Arabella, a 33-story, 99-unit tower at 4521 San Felipe, near the River Oaks District in the Galleria area. Units cost between $800,000 to $4 million.Marlowe, a 20-story, 100-unit tower at 1311 Polk St in downtown Houston. Units cost between $400,000 and $1.4 million.
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    Crane coming down now.
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    http://houston.culturemap.com/news/restaurants-bars/02-01-16-shuttered-midtown-restaurant-will-be-transformed-into-tequila-and-taco-joint/ "New tequila and tacos joint set to rock Midtown eat and drink scene"
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    Office demand is undeniably decreasing—and will do so more over the next six to nine months as energy M&A and bankruptcies pick up, Bruce says—but leasing hasn’t entirely stopped. Chip says oil companies are on the sidelines, but 50% of Houston’s tenants are non-energy, and they’re on the market looking for better deals. There’s a lot of law firm activity in particular, especially in high-profile Downtown locations. He inked one at 609 Main at Texas recently and says that building is getting strong interest overall. He’s got 500k SF of proposals, all non-energy related. Chip thinks 2016 will be pretty flat (a good time to build relationships for the next cycle, he says), but so far he isn’t seeing rents dip. Read more at: https://www.bisnow.com/houston/news/commercial-real-estate/did-tumbling-oil-prices-save-houston-54965?utm_source=CopyShare&utm_medium=Browser
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    Dinerstein Mixed-Use While this project is still on the down low, we know that Dinerstein is planning a new project at the northwest corner of Post Oak and San Felipe. TRC Capital Partners CEO Steve Lerner tells us the multifamily community will have 30k SF of retail. According to Reality News Report, the project is a 30-story mixed-use tower with two levels of retail and the less than two-acre site was acquired for a pretty penny at $20M. We’re waiting on an official announcement from Dinerstein with all the juicy details. Read more at: https://www.bisnow.com/houston/news/commercial-real-estate/5-exciting-post-oak-projects-underway-54544?utm_source=CopyShare&utm_medium=Browser
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    http://www.chron.com/business/real-estate/article/SkyHouse-creates-mini-downtown-neighborhood-6758794.php "The first tower, SkyHouse Houston, opened last year with 336 units. The building is 78 percent occupied, manager Kristina Cotter said this week on a tour of the property." ents in SkyHouse Houston start at about $1,500 and go up to $3,300. Units include small studios, one-, two- and three-bedroom apartments. Each has a balcony. Atlanta-based Novare Group and Batson-Cook Development Company along with local developer Peter Dienna are jointly developing the project, which will include street-level retail. Pizza chain Your Pie recently opened in the first building. SkyHouse Main is expected to open this summer.
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    Holman Street improvements are under construction at this time (not Caroline). If we want to make a separate thread, that works or we can keep it here. http://houstonmidtown.com/projects/ Holman Streetscape Vibrant streetscape enhancements to Holman Street will deliver a safer connection for pedestrians from the light rail line to HCC and the nearby culture, entertainment and night life venues. Holman Street is a major roadway for access to the main campus of Houston Community College and to the METRORail station and other nearby transit services. Holman Street distinguishes itself from other streets within Midtown by featuring streetscape that builds on connections to the light rail line and other nearby amenities, and sets a precedent for future streetscape redevelopments within the community. With the improvement of Holman Street also comes private development including Mid Main projects such as apartments, restaurants, retail shops and parking, and the Midtown Arts & Theater Center Houston (MATCH), which will serve as a venue for various exhibits and performances. The new structure, located at 3400 Main St., will include a main theater, three black-box theaters, two small performance areas, a large gallery space, office space and a coffee and wine bar.
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    Utility work
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    Pearl Whole Foods
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    Short definition of the concept: The Vertical Power Center: Prototype Development An emerging building type comprised solely of big box retail, the Vertical Power Center is unlike the suburban shopping mall and other shopping center types. Lacking the connective public tissue of the latter, the Vertical Power Center is a laminated organization of individual retailers, requiring complete autonomy among their operations. Each retailer requires its own parking, HVAC, vertical conveyance, and structural template. The Vertical Power Center is more infrastructural than architectural, as independent buildings, rather than floors, are stacked.
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    I noticed the gate was open on the ground floor a couple of days ago when I walked by. I will try to get a picture later this week.
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