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  1. First of all, I'm not being "let's demolish everything that helps po folk" guy. This is a genuine inquiry. How do Label Warehouse and Sand Dollar stay in business? I imagine the tax rate on those places is insane, and while I do see people shop there, I can't imagine it's enough revenue to cover (letter alone profit). Is there some sort of subsidy or tax shelter for businesses like these? Has no one thought this would be a good indie movie theatre or retail spot? Just curious.
  2. New condominium project by Pelican Builders. Announced last night on their instagram.
  3. https://www.bizjournals.com/houston/news/2019/01/14/multifamily-developer-gets-land-loan-for-galleria.html?iana=hpmvp_hstn_news_headline
  4. Midway is planning on redeveloping the current Levey Park on Richmond between Eastside and Wakeforest into a mini CityCentre-type development that will include a 16-story office, lofts, retail and a park. i've heard additional development is possible as well. renderings should be floating around soon i'm sure.
  5. Link to article. Wow, not only am I getting a 1.1-million-square-foot teaching hospital within walking distance of my condo and a connection to N. Macgregor via Cambridge, but I'm also getting a 315,000-square-foot facility just down the street! I was hoping for more verticality, but I can live with it.
  6. Someone please tell me more about this project. This would be for the Texas Medical Center at the corner of Main & Holcombe, where the Bank of America building sits. http://www.slideshare.net/QingjingZuo/smilodon-rendering-collection-20154-47319504
  7. http://www.houstonisd.org/site/default.aspx?PageType=3&ModuleInstanceID=117408&ViewID=7B97F7ED-8E5E-4120-848F-A8B4987D588F&RenderLoc=0&FlexDataID=181919&PageID=81504
  8. From the planning commission. This school is looking to expand. Seems they are asking the city if they (COH) will allow for the abandonment of a large part of Hadley St. Anyone know if there are any renders for this one? Glad to see a school in this area get some upgraded facilities. Seems like some recreational facilities will be added to this campus as well.
  9. This??? http://www.thorequities.com/portfolio/the-kirby-collection/ Latest renderings and info as of 9/2015: http://www.bizjournals.com/houston/morning_call/2015/09/massive-kirby-mixed-use-project-to-break-ground.html
  10. http://www.bizjournals.com/houston/morning_call/2011/03/menninger-clinic-to-break-ground-on.html This may have already been posted but I coudln't find it.
  11. Project: Sunnyside Health and Multi-Service Center Location: 4410 Reed Road Houston, TX 77051 Architect: Kirksey Information: The Sunnyside Multi-Service & Health Center is a single 2-story building, approximately 56,000 SF. The new facility will combine the community service oriented Multi-Service Center programs and the Health Center programs into one facility. The building will be located on a 6.5 acre site and construction is set to begin the 2nd quarter of 2021 with a duration of approximately 16 months.
  12. I'm teaching out at San Jacinto Community College right now, and there are a few big things rumbling. I figured it was close enough to Houston city limits and big enough a building to satisfy the tacit requirements for threads here. This is the building they're currently at work on.
  13. Rumor has it that Shriner's Burns Hospital will not reopen. They got two feet of water in their building, now they want to call it quits. Come on, Methodist Hospital had two floors totally inundated in 2001, along with Baylor, Memorial Hermann and others in the Texas Medical Center. There was never any discussions about not reopenning. These instituitions rebuilt, and protected themselves from it ever happenning again. What is it with these Shriner people?
  14. Here's the best info from the article: The project has broken ground: http://www.houstonchronicle.com/business/columnists/sarnoff/article/High-end-office-building-underway-west-of-downtown-5920360.php#/3 http://ww1.hdnux.com/photos/33/35/11/7197296/5/1366x1366.jpg http://ww3.hdnux.com/photos/33/35/11/7197298/5/1366x1366.jpg http://ww2.hdnux.com/photos/33/35/11/7197297/5/1366x1366.jpg http://ww4.hdnux.com/photos/33/35/11/7197299/5/1366x1366.jpg
  15. New multistory building and parking garage. This is located within the Nissan land? I believe the Nissan dealership right there is the largest in the world?
  16. The page for this project has the address listed as "22 Waugh Dr", but the commercial page says North Wynden. http://www.wylieassociates.com/images/projects/full/100a.jpg http://www.wylieassociates.com/?sec=projects&sec2=commercial&project=100 - 350,000 SF, Two & Three Level Shell Retail & Entertainment Podium - 242,000 SF, Shell Office Loft Building
  17. Project: Bridgeland Timber Office Building Owner: Bridgeland Development & Management Co. Developer: The Howard Hughes Corp. Architect of Record: Kirksey Design Architect: Lake | Flato Architects Notice to Proceed with Construction: October 2022 Information: 3‐story mass timber commercial office building (54,850 SF) within a 2.80‐acre tract of land located at the southeast corner of Bridgeland Creek Parkway and Summit Point in Cypress, Texas. The office will be part of a dynamic walkable masterplan with multifamily, grocery-anchored retail and entertainment uses. The Project will be seeking LEED Gold and Fitwel certification. In addition to multi-tenant offices, this will also be the location of Howard Hughes Corp’s local office & the Bridgeland Welcome Center.
  18. https://static1.squarespace.com/static/58cc240cbf629aaf4858104e/t/5ac239d90e2e721df0499df9/1522678243561/Braun+Enterprises+-+2001+W.+34th.pdf
  19. https://www.virtualbx.com/construction-preview/houston-new-hope-housing-puts-second-ward-affordable-housing-project-on-drawing-board/
  20. EXCLUSIVE REPORTS From the January 28, 2005 print edition First effort calls for mixed-use project over transit center Jennifer Dawson Houston Business Journal The Metropolitan Transit Authority's first venture into stimulating real estate development along light rail is geared toward putting a mixed-use project on an existing transit center. Todd Mason's initial mission as a recently appointed Metro vice president is to identify private developers who might be interested in constructing a high-rise project for possible retail, restaurant, condo or medical office tenants over the TMC Transit Center at Fannin and Pressler. The Texas Medical Center site doubles as a combination light rail stop and terminal where buses pick up and drop off passengers. Mason plans on sending a request for qualifications to hundreds of developers within the next two months. His goal is to find a list of prospects with the capability and experience to handle such a significant project on the 4.5-acre site. Metro gained full-time access to Mason's services by signing a five-year, $2 million contract with McDade Smith Gould Johnston Mason + Co. The real estate firm's name principal and chief financial officer occupies an office in Metro's new downtown headquarters, where his duties include promoting commercial development on or near Metro properties and handling all of Metro's real estate holdings. Mason's description of his job would apply more to a for-hire contractor than a full-time employee. "Metro has outsourced their real estate department to me," Mason says. "The primary goal is to take their transit centers and park-and-ride lots that have real estate value beyond a parking lot, and get them into the private sector for joint venture-type deals." Open for ideas The inaugural effort to put a mixed-use project on a Medical Center transit hub could determine the feasibility and direction of future Metro real estate development. While hundreds will receive requests for qualifications, Mason expects to be dealing with a select few. "What I hope is we can narrow it down to six or less truly qualified developers," he says. Metro would then conduct one-on-one negotiations to see what sort of deals could be structured with various developers. Mason hopes to make a final selection for the project by June. The TMC Transit Center project is wide open for development ideas at this point. Metro may do a ground lease or sell air rights to a developer, Mason says. Or the transit agency could enter into a joint venture with a developer on the project. One likely prospect is the Morgan Group Inc., a Houston-based apartment builder with experience in developing transit-related projects in California. Company CEO Michael Morgan says the Metro project sounds interesting, but unless incentives are offered it might be difficult to turn a profit. "The Med Center is a good market, but everything is rent-sensitive," Morgan explains. "Land prices have gotten so high that it's very hard to make apartment numbers work any more." Mason points out that Metro may be able to help make the numbers work because the transit authority has other revenue potential from the deal. In addition to receiving lease payments, the development would funnel money to Metro through increased ridership and an expanded tax base, Mason says. "I don't have to get nearly as high of a return on real estate as a traditional land owner," Mason says. "In many ways, it could save on what the cost of land is." Rising demand in one of the city's hottest sub-markets also could affect financial arrangements. Paul Layne of Trizec Properties says he is not familiar with Metro's plan, but suggests a high-rise project makes sense because the Med Center area has nowhere to go but up. "I think the idea of going vertical in the Texas Medical Center has proven to be a logical element of life because of the incredible density they have there," Layne says. "That's smart business." Fee sharing Commercial developer David Wolff came up with the idea of retaining private real estate professionals following his appointment as Metro board chairman in 2004. Wolff and Metro President Frank Wilson interviewed several firms before hiring McDade Smith, Mason says. "We'll make Metro a very business-friendly, forward-thinking entity," says Mason. "I think I can create value for them." For $400,000 a year, Metro gets Mason on a full-time basis, as well as McDade Smith broker Jeff Lindenberger and an administrative person. "We had to have the base fee if I was going to devote all of my time to the account," Mason says. "We worked out a compensation package that incentified me." As Metro properties are bought and sold, McDade Smith will attach regular brokerage fees to the transactions. Metro will receive 75 percent of the commission revenue until the agency's $400,000 investment is recovered in any given year. If brisk real estate activity pushes the amount past the $400,000 mark, the brokerage fee revenue will be split 50-50 between Metro and the real estate firm, Mason says. The transit authority also gains access to the experienced McDade Smith team as part of the contract. "Two heads are better than one. Fifteen heads are better than two," Mason says. Estimating income from development deals along rail lines may be difficult at this point, but Mason's status as Metro's real estate czar provides access to other revenue streams. A big share of the brokerage team's earnings could come in divesting Metro properties, an activity that has received little attention in the past. Metro owns some 1,500 sites around Houston, and it's Mason's job to help determine the worth of each one. Looking ahead Market demand and Metro's ownership of the property made the TMC Transit Center a logical place to test the real estate development waters. But existing design factors also attracted Mason. The center consists of a series of bus platforms and stairs that climb to a skybridge and link to the light rail stop on Fannin. The skybridge one day will connect to a University of Texas M.D. Anderson Cancer Center building scheduled for construction. Instead of building upon an existing base structure, a developer would have to design a project that could be constructed above the platforms and moored to the ground. "It's already designed to be able to build a high-rise on that site with the transit center below it," explains Mason. "They put the footings into the ground to be able to build a high-rise above the transit center." Mason envisions more than one tower being constructed, possibly a high-rise and a midrise. With the wheels set in motion, Mason already is looking at a second possible development site -- the 6.7-acre Wheeler-Blodgett station. Mason says he won't move forward until the Federal Transportation Administration makes a recommendation as to whether another rail line could eventually intersect and increase the site's value. Somewhere down the road, other development possibilities may include strip retail centers at various park-and-ride lots or multifamily developments on or near them, he says. Switching to his sales agent hat, Mason says one site that may soon be declared surplus Metro property could attract quite a bit of attention from buyers. The 12-acre tract occupied by an underutilized park-and-ride is located next to a Wal-Mart north of Interstate 10 and west of the Beltway. Mason's goals over the next five years are to maximize Metro's real estate holdings and capitalize on transit center land values. "It's an opportunity to do something really neat for the city of Houston," Mason says. "If we're successful, I think we can put some things on the map."
  21. In case your in the med center area and wandering what the commotion is about, they supposedly have the prisoner escapee cornered at the Baylor Clinic 6620 Main. They have Main St. shut down.
  22. Fom The Houston Chronice CONSTRUCTION Hermann ready to start building After winning tax breaks from the city of Houston and Harris County, Memorial Hermann Healthcare System will break ground this month on a long-awaited medical center and office building. The 30-story tower, which will include more than 500,000 square feet of space, will be built at the corner of Fannin and MacGregor in the Texas Medical Center. Mischer Healthcare Services is a partner in development of the building, Memorial Hermann Medical Plaza. The $155 million facility will include an ambulatory care center, an imaging center and surgical and endoscopy suites. Holliday Fenoglio Fowler arranged a $117.5 million construction and permanent loan for the project through Teachers Insurance Annuity Association and GMAC Commercial Mortgage Bank.
  23. A multifamily building is proposed for the River Oaks area at the corner of Mimosa & Revere. SubdivisionPlatPDF_1031-14.pdf
  24. New building in Clear Lake for KS. The address is 18833 Gulf Freeway in Webster. Designed by Kirksey Architecture.
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