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There is a request for a variance pending before the planning commission for Oct 2 for the Freedman's distributor site on Waverly and W 6th down below the bike path. 8.65 acres. Seeking a building line variance from 25 feet to 10 feet. No indication what, if anything, is planned for the property. Freedam's looks to have been bought out by Grocer's Supply. The latter also has been consolidating operations into a new space in the 1st ward. No idea whether they are going to sell, are selling or have sold or whether they will redevelop the property with modern warehouse space.
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Discovered this while looking for more information on another multifamily apartment project by Greystar. In 2014, Greystar will also begin Elan Memorial Park, which will be located in the Washington corridor submarket of Houston. It will be divided into two phases of 292 and 258 units. http://apmanagement.net/wp-content/uploads/2013/07/The-Apartment-Report_APC_7.8.13_PRESS-BREAK.pdf Edit: Phase I: Elan Memorial Park at 920 Westcott Street. Phase II: The Westcott Memorial Park at 929 Westcott Street.
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Proposed ~350,000 square foot multifamily building by Greystar and Meeks + Partners at 2305 Summer St. December 2020 Start Date https://www.constructionjournal.com/projects/details/a1bfaf5d0a914923bef950040df1df6b.html
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I saw this while clicking through the Chronicle. Forgive me if it has been posted elsewhere. http://blog.chron.com/primeproperty/2013/05/aging-apartment-complex-near-downtown-to-be-replaced-with-luxury-building/?cmpid=hpfsln *Changed link to the updated story.
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Greystar Buffalo Speedway Total Cost: $42,365,000 Scope of Work: 378-Unit, 3-Story surfaced parking, garden style apartment complex. Owner: Greystar Development Architect: Meeks + Partners
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New 420-unit apartments to be built on 19101 Kuykhendahl Rd. at Spring Cyprus Rd. Based on the owner address, it seems to be associated with Greystar, though they have nothing on their site. Design by Meeks + Partners.
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Anyone been in the Cabochon Bldg? Doesn’t look bad.
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http://www.loopnet.com/Listing/20224122/500-600-Blocks-of-West-19th-20th-Houston-TX/ Ohhhh the potential for that block! I have always wondered what in the world Chase was thinking holding on to that giant retail drive through and oversized bank building in the age of the internet.
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Finger Cos. sells 20 apartment properties to Greystar venture in $2B transaction Katherine Feser, Staff writer Oct. 20, 2021 The Finger Cos., a Houston-based apartment developer and operator founded by Marvy Finger in 1958, said Tuesday it will sell 20 properties from its national portfolio for $2 billion. The sale, to a venture led by the international real estate company Greystar, is expected to close in December. As part of the deal, the Greystar venture will keep Finger’s on-site employees. The locations and number of units were not disclosed, but represent roughly half of the Finger Cos. portfolio. The deal results from strong global demand to invest in apartments, which have fared better than office and retail properties, during the pandemic, according to Finger. Investors spent $134.9 billion on apartments in the United States in the first eight months of 2021 through August, nearly double the amount invested during same period in 2020, according to Real Capital Analytics. “I did not go knocking on doors to sell,” said Finger, the company’s CEO. “It’s a moment in time where values went up 40, 50 percent or greater in a very short period of time.” Finger, 85, is known for holding onto most of the properties he develops since opening Colony Oaks, a 317-unit complex on Chimney Rock in Houston in 1959. His formula includes building in prime neighborhoods — what he calls “Main and Main locations” — that attract residents, even during downturns. These are areas with close easy access to stores, services and amenities. “The fundamentals today are no different than they were early on when I started. I didn’t know the word ‘walkability’ early on,” Finger said. “But I can say I have more apartments that are within one to two blocks of a major food market, and I know that’s one thing that truly creates the beehive.” A JLL Capital Markets investment sales advisory team led by Scott Galloway and Dustin Selzer in Houston and Roberto Casas in Dallas is representing Finger in the transaction. The sale includes garden and mid-rise apartment complexes. “Marvy is one of the true icons of the multi-housing industry,” Scott Galloway, executive managing director of JLL Capital Markets, said in a statement. “These assets not only come with prime locations, but they also come with the highest quality product offerings and the best management team in the business. They perfectly complement Greystar’s national portfolio.” Greystar, based in Charleston, S.C., manages more than 748,000 units in the U.S. alone and has $45.1 billion of assets under management. katherine.feser@chron.com twitter.com/kfeser
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D’Agostino Breaks Ground on 291-Unit Multifamily Project in Metro Houston https://rebusinessonline.com/dagostino-breaks-ground-on-291-unit-multifamily-project-in-metro-houston/
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I was browsing apartments this morning and noticed that HAIF does not have a thread for this complex. An older complex, probably built in the 70's or 80's. This is a 2-story garden apartment with outdated interiors. I wonder who the original developer was? I see that Greystar now manages/owns it. This looks like modest living on the outskirts of Greenway Plaza. I wonder how much longer until the complex gets sold and redeveloped into a 5-story luxury mid-rise. Website: https://www.senderagreenway.com/
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Looks like this is fenced off and dirt is moving! I did not know it was a thing! this is next to Potin in Edwards street / Sawyer Yards
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Meeks partners is the architect? I like this one a lot. 7010 Staffordshire Blvd. http://www.meekspartners.com/elan-med-center http://www.elanmedcenter.com/ http://www.bisnow.com/commercial-real-estate/houston/houston-we-have-greystar/
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I noticed a variance request sign up on the fence of the parking lot between the Rice Collaborative Research Center construction and the Hilton Hotel. Does anybody know what it could be? Edit: There are two addresses affiliated with the Mixed-Use Development in the Texas Medical Center. Latitude Med Center Apartments is located at 1850 Old Main Street (or 1850 Old Main Street Road.) InterContinental Houston Hotel is located at 6750 Main Street (or 6750 South Main Street.)
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This won't be of much interest to most since it is pretty secluded in a fairly suburban area, albeit a dense one. A formal complaint was already submitted in the latest planning agenda.
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This one and Helix Tower should fill in really nicley. http://www.age-se.com/hermann-park-residence
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I remember reading about this development almost a year ago, and then it disappeared into the mist with everything else that started going on nearby. 277 units... 4 stories on top of 2 levels of garage. It's now u/c. They are knocking all the old buildings down. (Link to additional info... http://www.bizjournals.com/houston/print-edition/2011/12/16/former-houston-multifamily-developer.html?page=all)
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I know that there was a thread that discussed the fate of the Park Memorial Condos on Memorial Drive at Detering, but I suppose it was a subtopic of another discussion. As many know, this complex made the rather rare decision to put all 108 units up for sale en masse. This apparently infuriated at least one resident, who retaliated by notifying the City of an engineers report that there were structural problems in the complex. The City responded by condemning the property based on the report, and ordered everyone out. The owners sued the City, and the court found that the City could not condemn a structure without getting their own reports. The owners finally found a buyer who plans to raze the buildings and put up 372 apartments. The demolition began immediately, and is nearly complete already. I used to own one of these units. As I drove down Memorial this evening, I saw the demo, and stopped to get a few pics. Here is one of my former condo... This is from the back entrance. In the background, you can see Memorial. Previously, these condos soared as high as 4 storeys, 3 floors of living area over a parking area. You couldn't see Memorial from here. My unit was that slab directly to the right of the excavator. Kinda sad to see my old home disappear.
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- wallace garcia wilson
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So I live in Chateaux Dijon, and my balconies overlook the empty lot that was formerly Pilgrim Elementary. This morning, a bulldozer crew showed up and yanked out all the oak trees along the Mustard House fence line, including a huge old one that shaded both balconies gorgeously and now my electric bill will be liek woah but anyway ... what's going in over there? How do y'all find out what's being built where?
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I went to Cleveland Park the other day, which is in the Rice Military area off of Memorial and JAckson Hill Street, and I noticed a lot of construction on Memorial Hill Apartments. Just recently I remember people living there and no signs of upcoming demolition. More than half of the building looks vacant and there were no cars in the p.lot, Any ideas??
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- ziegler cooper
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Anyone heard about this project. The Esplenade?
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