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  1. Crescent Sells Houston Office Property Gain and Promoted Interest Realized FORT WORTH, Texas--(BUSINESS WIRE)--Dec. 12, 2006--Crescent Real Estate Equities Company (NYSE:CEI) announced today that it has sold Three Westlake Park, a 414,792 square-foot office property in Houston, TX, in which Crescent owned a 20% stake in a joint venture with a pension fund. The office property was sold for $87.3 million, or $210 per square foot. Crescent expects to recognize in net income a gain on the sale of approximately $17 million. Included in this gain is approximately $7 million, which is attributable to Crescent's promoted interest and will be recognized in funds from operations, as adjusted ("FFO, as adjusted") as of December 31, 2006.
  2. https://www.bisnow.com/houston/news/office/energy-corridor-office-high-rise-scheduled-to-be-sold-at-foreclosure-auction-120631 "Pacific Life Insurance is moving to foreclose on a $70M loan backed by Four Westlake Park, a 588K SF office building in Houston's Energy Corridor. The 20-story building is scheduled to be sold at auction Oct. 3, according to Harris County online foreclosure documents filed last week. The borrower that defaulted on the $70M loan is Four Westlake Owner, a limited liability company tied to Philadelphia-based Treeview Real Estate Advisors, the documents show. "
  3. Ten Oaks is a new project by the Wolff Companies. It will be at the northwest intersection of IH-10 and Barker Cypress: From the website:
  4. Fort Bend Transit is planning a Park & Ride facility between Mason Road and Houghton Road to serve commuters along the Westpark Tollway. In addition, a commuter bus route is being discussed from the site to a location in the Energy Corridor. The specific EC area location has not been determined yet. Another community engagement meeting is planned for 8/22 from 5-8 PM at the Cinco Ranch Library. https://transit-mobility.tti.tamu.edu/westpark-park-and-ride-service-concepts-study/ https://communityimpact.com/houston/katy-fulshear/transportation/2023/08/08/fort-bend-county-engineers-to-establish-westpark-park-ride-for-area-workforce/ "At an Aug. 8 meeting, Commissioners Court awarded a bid to SpawGlass construction firm for the development of a Westpark Park & Ride, located at 19820 FM 1093, Richmond. The station is meant to serve the area’s workforce and residents needing public transportation, officials with the county’s engineering office said in an emailed statement."
  5. I couldn't find a thread on this elsewhere on HAIF, but as usual it's probably out there somewhere. Eldridge Oaks (Eldridge Parkway at Enclave Parkway) has been announced to have two office towers. The first tower is supposed to be finished in Fall 2009 with 350,000 square feet. Anyone want to guess how many stories that is?
  6. http://www.khou.com/news/local/stories/kho....1fc767358.html Thieves park and pilfer at Park 'N Ride lot 08:51 AM CDT on Thursday, April 21, 2005 By Jeff McShan / 11 News More than a dozen angry commuters could be found among the shattered glass and broken car locks at a Park 'N Ride lot at the Addicks location on Old Katy Road in the far west side of Houston. As each bus pulled into the lot, more and more passengers, like Noelle Stewart, immediately reached for their cell phones. "I said whoever did this job over here, they was having party with the cars for a long time. There wasn't no police, no security, no nothing," says one victim. All of the victims were surprised by the lack of security. There are cameras and security tower, but no one was inside. ...........................
  7. Is there already a thread for this project? The article says it will be a $1 Billion mixed use project just east of BP and could include hotel, apartments, office and retail. http://www.houstonchronicle.com/business/real-estate/article/Exclusive-Big-real-estate-project-headed-for-5149772.php
  8. The firm has picked up the old Arco building on Memorial, just west of Eldridge and southeast of the Westway Park complex. They'll demolish the structure this Summer, and are said to be considering redeveloping the plot as new Class-A office & garage space. The deal was previously teased last November. Today's story: http://www.bizjourna...nt-site-in.html
  9. http://www.globest.com/newspics/hou_energycentertcc.jpg http://www.globest.com/news/houston/ "JV Unveils 630,000-SF Energy Center Plan HOUSTON-Looking to invest $750 million to $1 billion into a spec class A office development program, Trammell Crow Co. and Principal Real Estate Investors are rolling out their first local project: two buildings, totaling 630,000 sf on 9.4 acres. The Energy Center will be the submarket's first class A office development since 2000. Based on today's construction costs for upper-end class A space, the 330,000-sf first phase most likely will cost $60 million to $70 million to get out of the ground. A September groundbreaking is planned for the 13-story building along Eldridge Parkway between Dairy Ashford Road and Katy Freeway. It's estimated the spec project will take a year to 14 months to deliver. ...."
  10. NRP Group is developing a 4-Story and 326-Unit multifamily project in the Energy Corridor. https://www.nrpgroup.com/ Apparently it's the old Kickerillo family mansion. http://www.city-data.com/forum/houston/2850981-rumor-mill-what-will-built-site.html
  11. https://www.suebausa.com/under-construction/ https://www.bizjournals.com/houston/news/2021/02/05/sueba-usa-opens-multifamily-development-rosenberg.html
  12. Earlier this year, there was a news item that Occidental (Oxy) was in talks to buy Conoco's (now ConocoPhillips) old headquarters on Katy Freeway. More recently the business media has reported that Oxy has put all of their Greenway Plaza space up for sublease and that the space will be available when Oxy moves to a "a newly constructed, owned property to the west.” Of course, not a single business reporter in this town has managed to discover or, so as we know, even inquire about, WHERE Oxy is building their new headquarters, how big it might be, who is the architect, etc etc. Has anyone heard anything?
  13. Monday, October 22, 2007 - 2:58 PM CDT Houston developer begins new office buildings Houston Business Journal - by Jennifer Dawson Reporter Early success of the DNA Westway I office building in West Houston has prompted developer Dienna Nelson Augustine Co. to begin construction of two additional office buildings at a cost of $100 million in the Westway Park business park. Houston-based Dienna Nelson Augustine broke ground two weeks ago on DNA Westway II and III, which will contain a total 436,200 square feet of Class A office space. The 13.5-acre tract where the two offices are being built was the last available parcel in the 150-acre Westway Park at Beltway 8 and Clay Road that was developed by Houston-based Wolff Cos. full story
  14. Couldn't exactly figure out where this is. This is a new building for the Target shopping center?
  15. From today's Memorial section of the Chronicle. http://www.chron.com/neighborhood/memorial/news/article/Corridor-to-develop-master-plan-5576265.php The University of Texas M.D. Anderson Cancer Center is planning a West Campus along Park Row to the east of the Addicks Park and Ride.
  16. Two 12-story buildings close to being started on Shell's campus. http://www.bizjournals.com/houston/print-edition/2012/05/04/shell-close-to-construction-on-two-new.html
  17. http://www.chron.com/business/article/20-story-tower-planned-for-Energy-Corridor-3476117.php#photo-2806327
  18. Yet another five-story wrap in the Energy Corridor by Trammell Crow. http://www.bizjournals.com/houston/morning_call/2015/03/dallas-developer-paves-way-for-new-luxury.html
  19. I don't know the location for this one. http://www.meekspartners.com/energy-core-apartments?c=T24tVGhlLUJvYXJkcw==
  20. Hey y'all. Thought I'd share some photos I took today of some new projects going up along Memorial Drive near Dairy Ashford. The Energy Corridor construction boom has really driven a lot of change in this area – especially compared to the past few years, which have been quiet. There's a local expectation that a lot of the garden apartments in the area will be eaten up by developers. The local Spring Branch schools have even discussed how the demographic shift will affect their student populations. Of course, this is all slightly controversial – there are some folks who are overjoyed at the prospect of these decaying and often crime-riddled complexes disappearing and others who are disturbed by the disregard for the lower-income families who are being pushed out of the area (the evictions were especially bad at Princeton Club a few months ago). This is a view of construction on the new "Aura Memorial" multifamily complex, just down the road from the recently-completed 7 Seventy complex on Eldridge. That parking garage is really monolithic; I feel kind of sorry for the people whose houses border it: Bordering this development is the former site of Princeton Club, which is still in the process of being torn-down. This will be replaced with 313 townhouses: Another view of the Princeton Club site. It's taken them a couple of months to clear out all the buildings: New retail going up nearby. This has replaced an old Citgo gas station: The stretch of Memorial from Eldridge to Kirkwood is slated for reconstruction starting next year. The City will be adding medians, new drainage and improved pedestrian amenities. You can read more about it here. A view down Memorial looking east towards Dairy Ashford (you can see the parking garage for Domain West rising in the background): Connell is developing the new Domain West complex. Four stories, 333 units. It's replacing a garden complex that was in really bad shape: Front view: I've also made a development map for the Energy Corridor which you guys can check out here. The Memorial superneighborhood also keeps their own map here, but it's not updated very frequently. Tried to make it as accurate as possible, but these projects aren't nearly as publicized as what goes on inside the Loop.
  21. This apartment property broke ground recently in The Energy Corridor. Slabs have been constructed. North side of Westheimer a few hundred feet west of Eldridge. http://www.meekspartners.com/parkway-flats?c=T24tVGhlLUJvYXJkcw==
  22. From Prime Property: ] http://blog.chron.com/primeproperty/2014/06/tiny-energy-corridor-subdivision-to-be-redeveloped-as-multifamily-project/
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