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Found 9 results

  1. http://blog.chron.com/primeproperty/2014/10/gables-to-build-luxury-high-rise-near-river-oaks-district/ The yet-to-be-named building will have 300 units, averaging 1,400 square feet and priced in the range of $2.60 per square foot. Ziegler Cooper designed the building, which will go up on a 2.5-acre site along Westcreek Lane between Westheimer and San Felipe. Joshua Landry, area vice president of investments for Gables Residential, said the building will target “a sophisticated renter with a higher disposable income.” “We are doing a higher level of service, concierge service and amenities we will offer will be different from other projects,” Landry said. This is the company’s first high-rise in Houston, though it has built tall towers in other markets. the building should open about 20 months after construction starts.
  2. Couldn't find any threads on this topic. Next to Mission Burrito. I believe this is Gables. Correct me if I'm wrong. http://gables.com/find/apartment/611-gables-upper-kirby-houston-tx?utm_campaign=Redirect&utm_medium=Redirect&utm_source=upperkirby http://www.chron.com/neighborhood/heights-news/article/More-units-coming-to-the-Gables-Upper-Kirby-1571594.php IMAG0330 by Not.Larry.Dierker, on Flickr
  3. Guest

    Gables River Oaks

    Jennifer Dawson Houston Business Journal From the February 18, 2005 print edition An upscale inner-city sports landmark is about to become a high-end complex for apartment dwellers. Gables Residential Trust has gained control of the old River Oaks Tennis Center and will replace the courts with a multifamily complex in one of the firm's favorite Houston neighborhoods. Gables purchased two acres and executed a long-term ground lease for another four acres on the west side of Kirby between Kipling and Westheimer. The Hanover Co. was set to acquire one of the tracts at one point, but the apartment developer decided not to pursue the project. The estate of William Dickey sold the smaller tract holding the tennis courts that stretches west to Virginia Avenue. Members of the prominent Dickey family wanted to retain ownership of the property fronting Kirby, so they leased land occupied by the tennis center and a Jalapeno's restaurant. The family of William Dickey, who died in 1999, has owned the River Oaks Tennis Center since 1890. The club has been located at this site for more than 25 years, but was closed in 2000. The Houston family has controlled most of the land along Kirby between Westheimer and West Alabama for more than a century. During his lifetime, Dickey constructed many of the homes in the Avalon residential neighborhood, shopping centers on both northern corners of Kirby and Westheimer and the Regency House high-rise. The recent transactions involving Dickey land closed Jan. 31, but both parties are keeping a tight lid on the financial details. Representatives from the Dickey family and Gables were unavailable for comment. Ed Wulfe of Wulfe & Co. represented the Dickey family, but would not comment on the land values due to a confidentiality agreement. But given the River Oaks location, Gables more than likely paid a premium price for the site. Industry speculation suggests that Gables may erect at least one high-rise, high-end apartment building, and the entire project could eventually have more than 700 units. Long-term perspective The Kirby area is definitely an attraction for the publicly traded real estate investment trust based in Boca Raton, Fla. Gables is building a 144-unit complex at on Revere near Kirby called Gables River Oaks that is scheduled to open soon. The firm is also planning to build a smaller complex, with only 27 units, at 2620 Kipling near Kirby. The firm's existing complexes in the area include Gables Cityscape at 3720 West Alabama near Timmons and Gables Citywalk/Waterford Square at 2828 Greenbriar near West Alabama. Richard Zigler, director of research for O'Connor & Associates, says it is interesting that Gables would concentrate several projects in one area, but points out that it's a tremendous area. "There's not a lot of undeveloped land in that area," says Zigler, referring to the Dickey site. "You're right on the edge of River Oaks there. It's a prime location." David Wylie, a broker with Apartment Realty Advisors who specializes in selling apartment complexes, says the latest projects by Gables confirm the REIT's commitment to Houston, despite a soft rental market. "I know that Gables has a very long-term perspective on the market," he says. "They buy great long-term locations." Vacancy rates in apartments will continue to rise in Houston as developers build between 12,000 and 15,000 new units annually. In the past year, occupancy levels have dropped from 90.10 percent to 87.57 percent, according to O'Connor & Associates. Third-quarter 2004 data from the firm shows overall monthly rental rates were 79 cents per square foot. Rental rates for Class A properties specifically were $1.04 per square foot. Pat O'Connor, speaking at a recent event, predicted the downturn in the apartment market won't hit bottom until late 2005 or mid-2006. It will take five to eight years to recover after that, he added. "We're certainly not lacking for new apartments," notes Zigler. "Having said that, a lot of these new projects are doing quite well." As of last July, Gables owned 85 complexes with close to 24,000 units nationwide. At that time, the firm had nine communities under development, representing another 2,388 apartments across the country. Gables has at least 18 properties in Houston, not including the ones under development. jdawson@bizjournals.com -- 713-960-5935
  4. Couldn't find anything about this on HAIF or by googling. https://goo.gl/maps/JvsKc IMAG0456 by Not.Larry.Dierker, on Flickr IMAG0458 by Not.Larry.Dierker, on Flickr IMAG0459 by Not.Larry.Dierker, on Flickr
  5. In June 23rds Planning Commission Agenda by Knudson Services and The Gables (not sure if that's the same Gables we're used to hearing about)
  6. Anyone know if something is going up on this site? I drove by it tonight and it's cleared with fence surrounding the property.
  7. HBJ reports that a new set of twins are in the works for Uptown Houston. We have the 40-story Four Leaf Towers; but in the works now is a set of twins 35 stories tall. Any of you guys have renderings? This will definitely impact Uptown Houston's already cool skyline. I wanna see ......
  8. Renderings: Architect - Ziegler Cooper - LIVE - Republic Park
  9. Just north of Baker's Ribs on the east side of Voss is a cleared lot with a sign that simply says The Gables..Does anyone have any news on this project?
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