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Found 17 results

  1. https://www.houstonchronicle.com/news/houston-texas/houston/article/Coming-to-Greenspoint-A-77-million-325-unit-16314845.php The city on Wednesday approved a $15 million loan to help finance a 325-unit affordable housing complex near the Greenspoint Mall, by far the largest project in the city’s Harvey recovery program and one officials hope will help revitalize the area. City Council unanimously voted in favor of the forgivable loan. TXZNH, LLC, will not have to repay the principal amount but will pay 1-percent annual interest on it for 40 years. The Zieben Group is leading the development, which is called Summit at Renaissance Park and will replace a vacant Sears Auto Center near the mall. The four-story housing project will reserve all of its 325 units for low-to-moderate income tenants for 40 years, and the availability of four-bedroom units will help appeal to families in the area, housing officials said. “Greenspoint is one of the most densely populated areas in the entire city, so there’s a lot of need for this type of product,” said Lee Zieben, the head developer. The idea is to offer residents who live in flood-prone housing safe, stable alternatives in the neighborhood, said Ray Miller, assistant director of the city’s Housing and Community Development Department. There are 5,000 nearby households in the floodway, Miller said, and the developer will be required to market the units toward those residents. City officials are hoping the project will lead to more development near the mall, which has lagged in recent years with high vacancy rates. “The Greenspoint Mall is the highest, and safest, and most accessible area in that (neighborhood),” Miller said. “It’s creating a very viable alternative for people who may be living in areas that are flood-prone.” The money backing the city’s investment comes from a $1.3 billion infusion of federal housing relief Houston received from the U.S. Department of Housing and Urban Development after Hurricane Harvey, about a third of which it has reserved for replenishing multifamily housing. Most of the deals in the city’s pipeline have funded complexes with around 115 units. This project presented a much larger opportunity, Miller said. “It’s more than double the size of many of the deals,” Miller said. The city’s $15 million investment matches what it has put toward many other deals, but the total cost of the project — $77 million — is much higher than the others, which have averaged $33 million. The rest of this project’s financing is coming from low-income housing tax credits received from the state and conventional debt. “We’re leveraging that money in a good way,” Miller said. Council approval came despite hesitancy from District B Councilmember Tarsha Jackson, who represents Greenspoint. She said the developer did not engage her office or the community before seeking approval on its plans. Jackson said she was not able to speak with Zieben until Tuesday, the day before the vote. “It was frustrating because the developer never reached out to me,” said Jackson. “I know there’s a lot of activity happening with Greenspoint… I’m clueless to the developments.” Zieben said he met often with Jackson’s predecessor, Jerry Davis, while developing the project. Davis remained in the District B seat while the election to replace him was delayed by court battles for more than a year. Jackson took office last December. Jackson said stakeholders in the neighborhood that she spoke with — such as Green House International Church, and a boxing group in the Mall — were similarly left in the dark. Mayor Sylvester Turner assured Jackson and other district council members that he would pull deals from the agenda in the future if developers do not engage them. The council member said she wants to ensure there are other community benefits in the Greenspoint agreement, which could include funds to help the district curb illegal dumping, money to pay for police overtime patrols in the area, and other investments. Zieben said he shares Jackson’s focus on those benefits. Jackson ultimately voted for the project. “That area was hit hard during the Tax Day Flood, the Memorial Day Flood, and even Harvey,” Jackson said. “There’s a need for fresh apartments in the area, and a need for development.” The complex would reserve all of its units for people making less than 60 percent of the area median income, which would be $47,520 for a Houston family of four, or $33,300 for an individual. Some of the units will be set aside for people making 50 or 30 percent of the AMI, as well. The council also approved up to $40 million in bonds for the project, a requirement because it received housing tax credits from the state. A private investor will buy those bonds. dylan.mcguinness@chron.com
  2. Kind of thinking this won't get many replies, but it's a neat topic, at least to me. Do you know of the opening date and first movies shown at a local movie theatre? I've found two. Name: Greenspoint 5 (actually called the Cinema Center at Greenspoint Mall in its first advertisement) Date: Thursday, Aug. 5, 1976 First Movie: One Flew Over the Cuckoo's Nest, which started at 11:45 a.m. The other four features were Lifeguard, Bugs Bunny Superstar, Blazing Saddles and Ode to Billy Joe. Tickets were $1.50 until 1:30 p.m. Odd how only Lifeguard (starring Sam Elliott and the always lovely Anne Archer, BTW) was the only new movie of the bunch, and it had premiered nationwide two weeks earlier (according to IMDB). Ode to Billy Joe had been out for two months. Bugs Bunny and Cuckoo's Nest had both been in circulation for 8 months or more, and Blazing Saddles came out in early 1974. Clearly the movie business has sure changed. Name: Deauville Date: Friday, Jul. 11, 1975 First Movie: The Great Waldo Pepper, which started at 5 p.m. The other feature at this two-screen theatre was something called Beyond the Door. Tickets were $1.25 until 6 p.m. IMDB says Beyond the Door is essentially a poor man's Rosemary's Baby. It was made in 1974. I wasn't able to find the other Greenspoint area movie theatre - The I-45 Drive In. Ran out of time at the library. Might get that on another run, if anyone's interested.
  3. http://m.chron.com/business/retail/article/Greenspoint-Mall-under-contract-for-redevelopment-11751561.php
  4. http://www.hcnonline...50c4ca9dab.html http://www.klotz.com/landdevelopment_projects.html
  5. Noble Energy has signed a huge lease for 500,000 square feet of office space at the former Compaq campus for its global HQ. Their current HQ is in Greenspoint.
  6. I picked Gunspoint. I think it should officially be renamed Gunspoint Mall. Yeah...I said it... Dis
  7. This recently popped up on Ziegler Cooper's website. A 500,000 class A office tower with 22 floors. Originally planned to be attached to the mall on the site of the old Montgomery Ward's but now with a stand alone address off of Greenspoint Rd. Anyone know anything more?
  8. Both articles mention the same Pinto Business Park. I know these sound kind of boring because they're not tall and glitzy, but I love 'em. Keep buildin' 'em! http://www.globest.com/news/1645_1645/houston/184568-1.html http://www.bisnow.com/houston_commercial_real_estate_news_story.php?p=8233
  9. Driving Beltway 8 today and noticed a large building/complex being built in what used to be pastures South of Beltway 8, West of I-45 and just east of Houston National Cemetery. The construction was much larger than typical tilt wall buildings that have been springing up along the North Beltway. Anybody know what this is going to be?
  10. Has anybody noticed how all the buildings in Greenspoint are now festooned in red lights at the top? I like it actually...
  11. There is a lot on the N. bound side of 45 just inside the beltway that has been cleared now for a couple of weeks. The lot gigantic. You could fit several highrises in it. Does anybody know? *I tried to find the other thread about this, but couldn't.*
  12. Is there anything to this project or is it just a rendering with a ton of wishful thinking behind it?
  13. I recently found out some interesting news about Greenspoint Mall and its future. Once upon a time, I used to work at the Foley's in Greenspoint Mall and made a tone of friends while I was there, many of them who I still communicate with now. Of course, while I was working with the company, the
  14. Why has the Greenspoint area continued to hold such a "ghetto" stigma over the years. Crime was prevelant at one time but now and days it seems to have improved. The mall seems pretty busy normally and relatively new housing is present and popping up near and around the area. Is it as bad as people are saying or are they just exaggerating?
  15. I would like to compare a few of Houston's Business districts. Particularly, Greenspoint, Westchase, Greenway Plaza, and The Medical Center. Do you think a collection of Buildings that look relatively the same in a group (Westchase, Greenspoint) appeals better then a collection of Buildings that have a but more diversity of designs (Greenway Plaza, The Medical Center)? Greenspoint - Besides a few buildings west of I-45, Greenspoint has a dark, green skyline. The green lines on the highway interchange are also touching. The wyndham hotel is easy to recognize with its sharp rectangular roof, and its a bit lighter then the rest. All of the buildings are postmodern, and it doesn't help that they have christmas lights at night. Westchase - Pretty much all of the buildings look turn of the century, light color, lots of light blue glass on a white facade. Goes will with the clean looking Toll Road. Greenway Plaza - Nicely mixed up, a few modern, a few postmodern, looks like a real skyline. The Medical Center - Mixed up too, but I think alot of the buildings' facades are light. I think the new ones going up will go nicely with everything there. your opinions?
  16. Greenspoint Mall Owner Makes First Dent in Dark Block By K Pica Kahn Last updated: Monday, August 30, 2004 07:55pm HOUSTON-In an unusual play to fill an empty anchor spot, the Los Angeles owner of the 17-million-sf Greenspoint Mall has struck a 10-year deal with a health club operator. A $3-million finish-out is under way on 47,300 sf of a 116,695-sf hole that's been dark for several years. "I don't know if this is the only fitness center in a mall, but it is unusual," Linda Clayton, leasing director for owner Triyar Cannon Group of L.A., tells GlobeSt.com about the latest lease for the 12300 N. Freeway mall. "We hope this is a trend and they will want to move into more malls." Triyar owns four malls in the metro region. Clayton says the health club operator approached Triyar about the prospect of opening its first mall location. Scott Shillings, vice president for Dallas-based Staubach Co., represents New Fit Ltd., parent of Fitness Connection. The freshly inked lease includes two five-year options. General contractor Drymalla Construction Co. Inc. of Columbus, TX, will have the space ready to go in early 2005, with owner and tenant sharing in the cost, according to Clayton. In the interim, Fitness Connection is operating out of 7,000 sf of temporary space in the mall, complete with a mock-up of the new facility. The health club operator also has set up kiosks in Greenspoint and San Jacinto Mall to promote the upcoming opening. With the first tenant signed, Clayton says talks are well under way with a prospect for the 69,395-sf balance of the anchor spot, once held by Mervyn's. "We aren't ready to disclose the other tenant at this time," she says of a key catch for the 80%-leased mall.
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