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Found 24 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. I was in Greenspoint over the weekend and thought a little about this forgotten area. Driving in I noticed how nice all the lawns were around the office buildings with trees lining the roadways. My wife commented, "Houston really does have nice trees." It occurred to me what a shame it was that all of this was going to waste. Office occupancy for that submarket is about 45%. A group of office buildings sold there a couple of years ago for around $30/SF - they would have been worth more in Amarillo. The whole area kind of said "80's" to me, and of course, the 80's is pretty down right now. But it won't be forever. In 10 or 15 years, people are going to say "Ahh! The 80's!" the same way that 15 or 20 years ago they started to say, "Ahh! Mid-century!" And then Greenspoint will be a really hot commodity, assuming it's still there and hasn't been totally disfigured by renovations. The place has a pretty decent skyline for a suburban office complex, taller than most suburban skylines, thanks to the money and power of oil. If Houston could just find some office user that would look on these buildings as the gems that they are.
  3. 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.
  4. http://m.chron.com/business/retail/article/Greenspoint-Mall-under-contract-for-redevelopment-11751561.php
  5. http://www.hcnonline...50c4ca9dab.html http://www.klotz.com/landdevelopment_projects.html
  6. I grew up going to Greenspoint Mall and have fond memories of it. When I pass the mall, I feel sad because it looks nothing like I remember - haven't even stepped foot inside in about 10 years. Anyone have any memories of the mall during better times? I fondly remember: Coach House Gifts - that store was full of stuff that you just had to touch - kinda like a tame Spencers Chick-fil-a - Wasn't it 2 stories tall? I was really young when it was open The Levi Jeans Store - I've never seen so much wood panel in a retail store! 2 Visible Changes salons - the original by Penny's and "Visible Changes Too" by the food court All the fake trees and lights that lined the walkways Brother's Pizza - I think it's actually still there. Good, greasy pizza that was larger than the plate it was served on!
  7. 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.
  8. I picked Gunspoint. I think it should officially be renamed Gunspoint Mall. Yeah...I said it... Dis
  9. Apparently the Greenspoint area - including the mall- is being 'aggressively' redeveloped. I just wonder how well it can bounce back from it's current image. See the following link: http://www.greenspoint.org/ExportedSite/Ma...%20Activity.htm
  10. SIX HINES PROPERTIES IN GREENSPOINT PLAZA ACHIEVE LEED CERTIFICATION (HOUSTON) - The Houston office of Hines, the international real estate firm, announced today that six of its properties in the Greenspoint submarket have earned certification under the U.S. Green Building Council's LEED® for Existing Buildings rating system. One, Three, Four, Five and Six Greenspoint Plaza were certified to the Gold level, and Two Greenspoint Plaza earned Silver certification. Comprising 2.1 million square feet of a Class A, multi-tenant office space, the six properties at the Greenspoint Plaza campus have been managed by Hines since the firm acquired them in 1994. These buildings increase the number of LEED certified existing buildings in Houston by 40 percent. Hines now manages 60 percent of all buildings certified under the LEED for Existing Buildings rating system in the city. With an average ENERGY STAR score of 94, the buildings are 48 percent more energy efficient and annually save $1.49 per square foot in energy costs when compared to the national average office building. This translates into estimated annual greenhouse gas reductions equivalent to removing 3,800 cars from the road. Green features and programs include: annual potable water savings of 3.9 million gallons through low-flow fixtures; the use of energy efficient lighting with reduced mercury content; the use of environmentally sensitive cleaning products; a comprehensive recycling and waste diversion program; and the implementation of a comprehensive and ongoing retro-commissioning program, among other things. Hines Vice President James Curry said, "We are proud to have achieved such a high level of certification considering the age and diversity of the mechanical system designs across the complex. The LEED label validates our ongoing efforts to provide tenants with energy efficient, cost-effective and productive work spaces." Hines worked closely with Kirksey's EcoServices group, which played an instrumental role in managing the administrative aspects of the LEED certification process. Greenspoint Plaza is 99 percent leased to a number of world-class companies, including: ABS; CRI/Criterion, Inc.; ExxonMobil; HighMount Exploration and Production LLC; and Swift Energy Company, among others. The properties are owned by a joint venture between General Motors Pension Fund and Hines. Hines is one of the most sustainable real estate companies in the world. In 2010 Hines was recognized by the EPA, for the third time, with the ENERGY STAR Sustained Excellence Award; Hines manages 147 labelled buildings, representing approximately 75 million square feet, in the ENERGY STAR program. Twelve Hines development or redevelopment projects, representing more than six million square feet, have been designated as Designed to Earn the ENERGY STAR. Hines is also a leader in the U.S. Green Building Council's programs, with 192 projects, representing more than 100 million square feet that have been certified, pre-certified or registered under the various LEED® rating systems. Hines was a founding member of the German Sustainable Building Council and the Russian Green Building Council, and is active in the Green Building Council Brasil, the Green Building Council España, the Green Building Council Italia, the Indian Green Building Council, the BRE Environmental Assessment Method program in the United Kingdom and the Haute Qualité Environnementale program in France. Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm's historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,111 properties representing more than 451 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Hines has offices in more than 100 cities in 17 countries and controls assets valued at approximately $22.2 billion. Visit www.hines.com for more information. To learn more about sustainability at Hines, visit www.hines.com/sustainability.
  11. 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?
  12. As most of you know, Greenspoint Mall has had plans for a few years now to re-work the mall and try to reattract people to the area. Sears announced it was closing its Greenspoint location in March, and is on its last legs as I write this. I passed Greenspoint Mall today heading to work and was surprised to see the former JC Penney's store is now demolished. I spoke with our police officer/security this morning, who is stationed at the GP substation and he indicated that the Sears store and auto center are the next one's to be demo'ed, followed by the Montgomery Ward's old store (which is currently being used to train departing KBR contractors heading to Afghanistan and Iraq). Macy's is getting a complete overhaul, which is desperately needed now that they have destroyed what once was a beautiful Foley's store. JC Penney's former site is to house a 20 screen movie theater in which construction is set to begin this summer. From what I gathered yesterday, MW's store will be an open air concert venue, Sears is a big question mark. Considering it is the only one story department store in the mall, something tells me that Burlington Coat Factory across I-45 on Greens Rd. may be moving into the mall itself. If you want to take one last look at the old girl, you better hurry. Now that the demolition has begun, it sounds like they are going to move quickly on the long awaited plan for resurrection of the mall.
  13. 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
  14. Does anyone know if these two Brown Sugars BBQ locations are the same owner? They seem to have the same menu and same decorating style, but the website only mentions the Almeda location.
  15. 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?
  16. Has anybody noticed how all the buildings in Greenspoint are now festooned in red lights at the top? I like it actually...
  17. 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.*
  18. Is there anything to this project or is it just a rendering with a ton of wishful thinking behind it?
  19. 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
  20. 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?
  21. 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?
  22. Greenspoint has always confused me. It has a great location, yet has one of the worst reputations of any area in Houston. I know since the early 90's crime has dropped in the area, yet the area is still not a great place. Quality retail options are lacking, there are few restaurants, and decent housing is hard to come by. However, Greenspoint has many advantages. It is very close to the airport. It sits at the intersection of two major roadways. It is located between Houston and Montgomery County. It has a built up stock of office space. Personally, I would like to see Greenspoint become a transit center that serves rail lines between the airport, the northern suburbs, and the central city. What are everyone else's thoughts?
  23. 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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