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This thread was originally created January 17, 2016. I'm reposting / reupping this because this post and other content from me are no longer available on the forum. An archive link will be posted soon. The 60,000 SF warehouse in Houston's Second Ward at 2339 Commerce may be redeveloped into a mixed-use development, retail or residential. 2339 Commerce St is listed as an upcoming project on Ancorian's website: http://www.ancorian.com/project/2339-commerce/ 2339 Commerce is a 60,000 SF redevelopment project located in Houston’s rapidly gentrifying east downtown neighborhood. 2339 sits in the shadows of downtown Houston and provides an eclectic value option for downtown office users.
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Does anyone know the current status of the Halliburton property on the west Sam Houston at Bellaire? I read it was going to auction at the end of April, but nothing since?
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I've always loved this building. Good tenants including Transwestern too. https://transwestern.com/property/1900-west-loop-south
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This article should become entirely viewable within a few days, but to hit what is known at the moment... This building is slated to be 275k-300k Square feet (I'd guess 12-15 floors?) and should begin construction in Spring of 2008 within Eldridge Place, a pair of office buildings 12 & 14 stories tall. The article made the developer, Behringer Harvard Real Estate Investments, seem tight-lipped as there was little else to be mentioned at the moment. More should be forthcoming when the project gets underway.
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Stopped by the site today. Awesome looking property. Had a conversation with the neighbor. It's actually two homes and some land by the bayou. The neighbor said apartments would be terrible due to the small road around that bend. The 4 acres down the street, formerly The Monaco, is owned by a Canadian guy.
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The lower levels of the Bank One building will be converted to parking spaces. Link to full article As much as I complain about excess parking downtown, I don't think this is really a bad idea. The floors being converted don't have windows, so leasing would be difficult, and the parking will still be a small part of the overall building. This is a better solution than another full parking garage.
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The building I am referring to is the old bank building bounded by the streets: Webster, Milam, Travis and Gray. It is probably 12-15 stories and on the very Northern edge of midtown. What can be done with this building? Can it be economically turned into resiential? Surely asbestos abatement would negate this. Can a business come in and renovate? Should it be another casualty of Houston's tear down craze? To crater or not to crater?
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http://swamplot.com/new-houston-methodist-admin-midrise-will-give-multicolored-child-care-center-a-neighbor-to-look-up-to/2018-11-02/
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In 1879, Charles Milby and Andrew Dow formed a long partnership that would last over 35 years, as the firm of Milby and Dow. Milby & Dow Coal & Mining Company was located at 611 Travis Street. Metropolitan Business College also was located inside the building that was built in 1907.
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InternationalTowerintheCBDisbeingdevelopedbyStreamRealty and Essex Commercial Properties. This 925,000-square-foot, 37 story, Class A building in the CBD is being marketed as Houston’s first 50-story office tower in 30 years. http://www.us.am.joneslanglasalle.com/ResearchLevel1/Houston%20Highlights_Q1_2013.pdf Hbj mentioned this in one of their articles yesterday Per the article it is bounded by Preston, Prarie, Milam, Travis and is 750,000 sqf which contradicts jll When I look at the location it is the same location as the supposed linbeck location. Can someone explain?
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There was discussion about this 1.87-acres of land in the Hanover River Oaks thread. Fresh on Loopnet, listing created yesterday. https://www.loopnet.com/Listing/2801-Kirby-Dr-Houston-TX/21177891/ Approximately 4,500 SF building with three drive-thru lanes on 1.87 acres of land.In the highly desirable Upper Kirby District between Westheimer Rd and Richmond Ave. Available January 2021. Will consider dividing building. Do not disturb occupant.
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The current renovation of this location is damn ugly in my opinion. The location is at 502 Main (corner of Main and Prarie) in the former Crazyhorse Cantina location. I know that is an ideal location for a fantastic bar or restaurant. The architectural elements are there unfortunately covered by what it appears to be plywood. The name of the bar looks like it was cut out by a junior high shop class using a table saw. The place seems to have a huge potential if some investor would spend some money on renovation rather than cheap crap that been there in the last few years. I have also heard the food was crappy. Thoughts/Opinions?
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This would pretty sweet if built, and it's design is different from the usual Woodlands building. Designed by Pickard Chilton http://www.bizjourna...allery&img_no=1 http://www.bizjourna...-woodlands.html
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I like the guy that plays the trumpet out in front of the Sakowitz garage around lunchtime. The block is pretty much tied up with whatever the owner of 1010 Lamar wants to do since they have coupled their tower with the Sakowitz garage.
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We received this news release today: --:-- Crescent Sells 5 Houston Center Record Sale Realizes Joint Venture Promoted Interest FORT WORTH, Texas--(BUSINESS WIRE)--Dec. 21, 2005--Crescent Real Estate Equities Company (NYSE:CEI) announced today that it has sold 5 Houston Center on behalf of Crescent 5 Houston Center, L.P., the joint venture which owns the office property. The office property was sold for $166 million, or $286 per square foot, resulting in a merchant building gain to Crescent of approximately $25 million, including a promoted interest earned of approximately $13 million. John C. Goff, Crescent's vice-chairman and chief executive officer, commented on the sale, "We are very pleased with the sale of 5 Houston Center and realizing our first promoted interest in our office joint venture program. When we modernized our office business and initiated our office joint venture strategy, we told the market that this program would increase our operating return on equity by 300 to 600 basis points, as well as generate significant promoted interest income. The sale of 5 Houston Center produced an overall gain of approximately $25 million to Crescent, including an approximate $13 million promoted interest. The sale was at $286 per square foot, a record for Houston." Mr. Goff continued, "We had estimated the value of the promoted interest for our existing joint ventures on our third quarter 2005 earnings conference call to be in the range of $90 million to $100 million. We expect to continue harvesting these promoted interest gains for our shareholders in the future." Crescent completed the development of 5 Houston Center in a 75%/25% joint venture with an affiliate of JPMorgan Asset Management in 2002. Crescent will continue to manage the property for the new owner, Wells Real Estate Investment Trust II, Inc. 5 Houston Center is currently 95.5% occupied. --:-- Here's some pictures of the building:
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I briefly went inside this office building the other day. Very modern and well kept! I know the building is a low-rise at only 3-stories but it's a hidden gem. Seems like a cost effective, but class-a, office space. Woodbranch is the either the owner or management for this building. Stream Realty is in charge of leasing. I took these photos today. Cool reflection of the oil tower down the street.
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July 27, 2005, 4:09AM A major bequest for the Menil David Whitney's collection includes a few masterpieces By PATRICIA C. JOHNSON Copyright 2005 Houston Chronicle The Menil Collection will receive a trove of modern art
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Thanks for posting that great pic Subdude! I remember I had posted it in the old forum but had since forgotten what website it came from. I believe the Tidelands and Tides II were torn down during the late 90's to be replaced with surface parking lots for the Med Center I always liked those old buildings.
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Architect - https://www.identityarchitects.com Developer - https://urbanmeridian.com
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Does anyone have info on the Commerce Towers in Houston? I found a good-sized apartment there for $280,000, and it looks like a great place! What does everyone think of it?
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- joseph finger
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