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  1. Does anyone have anything on this apparently they bought a block of land in Downtown for 55 million Nevermind* found little more information Skanska has purchased four land parcels, including one full city block, totaling about 14,200 square meters in downtown Houston, USA. The seller is a private citizen. The total investment amounts to USD 55 M, about SEK 520 M.Located adjacent to Discovery Green, these four sites are in Houston’s Central Business District and Skanska plans to develop a mix of office, multi-family and retail for the local community.
  2. Subdivision plat filed by Urban Genesis for a multifamily project at the corner of Wood & Walnut Streets. SubdivisionPlatPDF_CS 19074-PLAT_v1.pdf Currently, a warehouse sits on site.
  3. We've seen reports that highlight the lack of green-space in Southern DT, but plans are being set in place for a park in this area. In the very early stages, 1/2 - 1 Block will be acquired for the park. This will be a joint effort by the Downtown Management District, COH Parks Dept. and TIRZ 3.
  4. Nothing to report here but was walking by the building today and thought it would make an excellent loft conversion (image below). 500 Crawford (apartments at ballpark development) is two blocks to the east and the downtown development map shows a 28-story residential building by Marquette Land going up one block to the east. If this building converted to lofts, it would make for three consecutive blocks of residential. The ground floor of the building looks like its perfect for retail. However, there are major structural issues with the property and it was almost demolished in 2009: "It could cost $4.7 million to resolve the warehouse's structural issues, according to an August 2008 engineering report. "The problem with the [Hogan-Allnoch] building is that the brick is load-bearing brick," Ellwood says. "Unfortunately, with the settling of the earth, the building basically has been compromised. There are pretty substantial cracks going all the way from the bottom to the top." http://www.preservationnation.org/magazine/2009/todays-news/houston-spares-two-buildings.html The building is four stories and 50,000 square feet. Assuming that just the top three stories are converted to residential, the structural costs would be $125 / square foot before updating and interior improvements. My estimate of the all-in 1111 Rusk conversion is ~$230 / square foot. I'm not familiar with the costs of residential conversions but am wondering if this is a viable project if Harris County gave away the building for free and Houston provided Chapter 380 incentives. http://www.arch-ive.org/houston/texas1311/hoganallnoch.jpg
  5. I've been posting apartment market information in the Sky House Main thread, because it originally grew out of a conversation there. In order to make them more available, I wanted to start a separate thread. Here goes. As of 2nd quarter, 2016, downtown had a 56.2% occupancy rate. 207 new units were delivered during the second quarter '16. Net absorption was 142 units. FWIW, downtown had, by far, the lowest occupancy of all the submarkets in the Houston metro. The metro-wide occupancy rate was 89.7% I think the downtown submarket has a great future, but there was little doubt there would be a glut of apartments in the short term. The "Central Houston" market (downtown, Montrose/Museum/Midtown, Heights/Wash Ave., HIghland Village/Upper Kirby/West U, and Med Center/Braes Bayou) had a 78.4% occupancy rate. 1,404 new units delivered during the quarter, with 732 units net absorption.
  6. Did this get missed? COA was approved in April. 4 story office building on a currently vacant lot. ShowDoc.aspx (houstontx.gov)
  7. 123,306 SF 9 Levels 221 Rooms Anticipated start date of December 2020 Corner of Leeland St. and Crawford St. 1540 Leeland St. Houston, TX 77002
  8. I heard rumors of a residential building planned for block 387. I finally saw something that gave that rumor some credence although I don't have anything substantial - this should be taken with a grain of salt. Soil samples.
  9. I'm surprised no one has posted this yet... http://realtynewsreport.com/2014/11/18/stream-partnership-buys-600-jefferson-tower-in-downtown-houston/ It would be a complete shame if they turned it into a glass box. The exterior could use some TLC, but why not just use that money for the interior/lobby?
  10. Looks like Houston Pavilions is already making changes GlobeSt.com EXCLUSIVE: 394-Unit Downtown Landmark Up for Sale By Amy Wolff Sorter Last updated: January 16, 2006 09:27am HOUSTON-The 394-unit Houston House, a 31-story, 40-year-old landmark, has gone on the block for $28 million. With a $200-million, mixed-use neighbor on the horizon, the time has finally come to end an 11-year hold, the owner's broker says. Houston House, located at 1617 Fannin St., will be marketed exclusively to condominium converters. "Everyone in town has been trying to get hold of this building for years, mainly because the area is booming and it's across the street from what's likely to become a retail-and-office complex," William Forrest, senior investment adviser in Houston for Sperry Van Ness, tells GlobeSt.com. "The location is likely to generate a lot of demand from the residential side, from people who will want to walk to work and their entertainment." Just recently, William Denton of California and Geoffrey Jones, a local developer and broker, paid more than $20 million for three blocks of buildings to develop Houston Pavilions, a 360,000-sf project with high-end retail, entertainment, condominium and office space. The development site is bordered by Main, Caroline, Dallas and Polk streets. As a result, demand is booming for residential properties in the neighborhood. "There aren't many 30-story residential properties in Downtown Houston. Most of them are loft conversions," says Forrest, who with Sperry Van Ness' Bruce Ripper, is representing Houston House's seller. "Basically, whoever gets this and converts it will make a mint." Forrest says Houston House's owner, H.H. Paseo, a local general partnership led by Larry Hill, purchased the property in 1985 for a long-time hold. "Right now, they're in a position to sell it," he says, citing the difference in its marketability from a few years ago. Not only has the Houston Pavilions' plan made the 86%-leased multifamily complex a hot property, but several of its owners are ready to retire from real estate investment, according to Forrest. Houston House, situated on a little more than a half acre, is a mix of 40 efficiencies, 257 one-bedroom units and 57 two-bedroom apartments. Units range from 428 sf to a 4,150-sf loft. Monthly rents go from $750 to $4,150. http://www.globest.com/news/454_454/houston/142011-1.html
  11. http://www.chron.com/disp/story.mpl/front/6280447.html The U.S. Postal Service is selling the downtown post office after 47 years of sorting and delivering mail from the 16-acre operation. Whoever buys the property at 401 Franklin must build a replacement processing facility for the postal service, as well as provide a retail location near the existing site where consumers can mail packages and buy stamps.
  12. Noticed this today on my bike ride.... anyone happen to know what they are replacing this with? Another parking garage or something else?
  13. Any know more information? This is proposed multifamily, near downtown. I assume these are a high-rise or mid-rise project, most likely the latter. SubdivisionPlatPDF_SkylineNorthSubdivision_012414.pdf SubdivisionPlatPDF_SkylineSouthSubdivision_012414.pdf Site for Skyline North: Site for Skyline South:
  14. Hearst Selects HFF to Market Houston Chronicle Downtown Property http://realtynewsreport.com/2014/11/21/hearst-selects-hff-to-market-houston-chronicle-downtown-property/ Thanks to desertpunk at SSC.
  15. Found this article and thought you would like it. http://www.dancing-times.co.uk/DT200409/da...es200409-2.html
  16. Anybody have more information on this project? I know most of it is complete, but does anybody have any photos?
  17. Colorado Group Plans $80M Mixed-Use, Infill Project By Jennifer D. Duell Last updated: July 19, 2005 08:23am HOUSTON-Within three years, a mixed-use project is expected to rise on Block 98, a piece of vacant land adjacent to the new city park and the George R. Brown Convention Center. Two companies from Colorado Springs, LandCo Properties LLC and Equity Edge LLC, have formed a partnership to transform the 1.5-acre tract into two residential high-rises with ground-floor retail space. Block 98 is bordered by Rusk, Crawford, Walker and LaBranch streets near Toyota Center. Each tower will contain 150 units that will be priced "for the young, single professional," says Michael Raider, LandCo's COO. He tells GlobeSt.com that construction will begin in about three years. "That's when the market will be ready," he says, explaining one tower will have rental housing and the other will be condos. "I am not sure that we'll break ground on both towers at the same time." Raider, a Houston native, was eyeing Block 98 about a year before he closed the deal with Crescent Real Estate Equities Co. for $6.5 million. "We see Houston as Denver about seven years ago with the new light rail, entertainment and park creation. Denver is just a huge residential market right now," he says, "and we think Houston is following right behind it." Raider's not yet selected the project architect, but says he's hoping to use a local firm. The partnership, Block 98 Partners Ltd., obtained a $4.9-million loan from Southern National Bank of Texas to acquire the land. Tucker Knight, a director with Holliday Fenoglio Fowler LP's local office, arranged a three-year bridge loan with an adjustable interest rate. The Block 98 development will be the second project that LandCo has tackled in Houston's CBD. The company recently acquired the former Days Inn Hotel at 801 St. Joseph Parkway for redevelopment into 251 luxury apartments and retail space. Construction is scheduled to begin in early 2006, with units delivering in early 2007.
  18. Found this bit of history on the Rice Digital Scholarship Archives. Dated 1923. Very cool!!
  19. http://www.realtexdevelopment.com/portfolio-view/the-cosmopolitan-of-houston/
  20. swtsig

    Block 114

    Did we know about this one? Just received approval for the Downtown Living Innitiative.
  21. Building permit for future mix-use 💃
  22. I was looking at The Age. magazine dated February 25, 1876 and saw a business ad for Jos F. Meyer Travis St., Houston, Texas Dealer in Iron, Carriage, and Wagon Maker Materials. Jos F. Meyer was the person who responsible for the Meyerland neighborhood.
  23. Off-topic, but maybe on too..... I have something to confess, I work Downtown, spend a lot at the Park Shops (best place for low-hastle-day-before-Christmas shopping IMO), go the Angelika on a regular basis, etc. But, I have not spent much time on Main. I always favor Market Square if I do wander into the area at night. This weekend though, I have out of towners coming in and want to show them around the hip new nightlife area we have. If they are over 30, in jeans and casual wear, what places do we walk into as we stroll down Main Street?
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