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Nothing to report here but was walking by the building today and thought it would make an excellent loft conversion (image below). 500 Crawford (apartments at ballpark development) is two blocks to the east and the downtown development map shows a 28-story residential building by Marquette Land going up one block to the east. If this building converted to lofts, it would make for three consecutive blocks of residential. The ground floor of the building looks like its perfect for retail. However, there are major structural issues with the property and it was almost demolished in 2009: "It could cost $4.7 million to resolve the warehouse's structural issues, according to an August 2008 engineering report. "The problem with the [Hogan-Allnoch] building is that the brick is load-bearing brick," Ellwood says. "Unfortunately, with the settling of the earth, the building basically has been compromised. There are pretty substantial cracks going all the way from the bottom to the top." http://www.preservationnation.org/magazine/2009/todays-news/houston-spares-two-buildings.html The building is four stories and 50,000 square feet. Assuming that just the top three stories are converted to residential, the structural costs would be $125 / square foot before updating and interior improvements. My estimate of the all-in 1111 Rusk conversion is ~$230 / square foot. I'm not familiar with the costs of residential conversions but am wondering if this is a viable project if Harris County gave away the building for free and Houston provided Chapter 380 incentives. http://www.arch-ive.org/houston/texas1311/hoganallnoch.jpg
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http://newregionalplanning.com/upload/property4/610_flyer_email.pdf It's two blocks west of river oaks district and a few north of Westheimer
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The Holiday Inn Hotel NRG Area-Med Center located at 8111 Kirby Drive had a weird conference room or chapel on the side of the hotel. Just a small building attached. Maybe an event space. Photos I took today:
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Holiday Inn Express to go in at North Main and I-45--on next planning commission agenda. Not likely to be anything spectacular, but with the small footprint of less than an acre and a half, should be of some interest. SWC Norma and North Main. Grota Street officially abandoned by COH last month. 85 rooms. 6 floors.
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I hear that the Savoy is in contract. Anyone know anything further?
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