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Found 16 results

  1. https://retailtxok.cbre.us/property/former-sams-club-1615-s-loop-w/ https://retailtxok.cbre.us/wp-content/uploads/2018/06/1615-S-Loop-W-Former-Sams-Club-property-flyer-061418.pdf Hard corner location with freeway frontage with designated exit ramp. Within 1 mile of the Texas Medical Center – the largest medical complex in the world – encompassing 50 million developed square feet with over 106,000 employees and 8 million patient visits per year. Adjacent to NRG Park & Stadium (hosts 500+ events each year) Access to public transit via the METRORail line. https://www.loopnet.com/xNet/Looplink/TmplEngine/ListingProfilePage.aspx?LID=15272430&siteid=3349&LL=true
  2. Kirby Interchange is a 8-building Life Science Business Park located at the intersection of Kirby Dr. & W. Bellfort Ave. This is actually one of many BioTech campuses in the area. Hospitals serve the TMC proper, while the outskirts are filled with Pharmaceutical, Device Manufacturing, and BioTech companies. Here's the Transwestern leasing flyer. https://transwestern.com/property/kirby-interchange I stopped by this weekend and took a picture of the leasing signage. One or more of the buildings have an address of 8955 -8981 Interchange Dr.
  3. I've always loved this building. Good tenants including Transwestern too. https://transwestern.com/property/1900-west-loop-south
  4. The project will consist of a 34-story residential condominium high-rise development. It will be a podium design in which a parking garage makes up the base of the building and the residential tower sits on top. Level 5 will be the amenity level of the tower and will include a club room, fitness center, dining room with catering, kitchen and bars. The East, North and South sides of this level will open onto a landscaped plaza deck that will have a swimming pool, covered lounge, children’s play area, grilling areas and a dog park. The 34-story residential tower will be approximately 442’ in height and include 107 units. Exterior cladding design shall provide the use of architectural precast concrete panels and glazed window wall on the tower. Levels 1 through 5 of the podium on the west elevation (main entry) will be clad with mechanically fastened limestone panels with granite wainscot. The remainder of the podium will be clad with architectural precast concrete panels similar to the tower. The Project site is approximately 1.86 acres off of North Wynden Drive to the west of Montebello Condos, Uptown Park and the 610 Loop in the Galleria-Memorial area.
  5. From the HBJ, I don't have access to the whole article: "The Four Oaks Place office complex may soon be more appropriately named Five Oaks Place. The owner of the 1.8 million-square-foot office complex in the Galleria area is looking at spending between $100 million and $120 million to develop a new office building at 1550 Post Oak Blvd., where a 24 Hour Fitness is currently located" Webcam: http://oxblue.com/open/transwestern/5oaks Renderings, and article from 10/13: http://www.bizjournals.com/houston/blog/breaking-ground/2013/10/photos-developers-break-ground-on-bhp.html http://farm9.staticflickr.com/8518/8507440817_0fefe9fa75_b.jpg http://www.justintowart.com/wp-content/uploads/Towart-Work13-Arch-Illustration-40.jpg http://www.justintowart.com/wp-content/uploads/Towart-Work13-Arch-Illustration-42.jpg http://www.justintowart.com/wp-content/uploads/Towart-Work13-Arch-Illustration-43.jpg
  6. http://fuelfix.com/blog/2013/01/25/noble-energy-planning-20-story-office-tower/
  7. Over 1 million square feet -- Four Oaks Place, owned by TIAA-CREF and managed by Transwestern.
  8. A lot of medical supply and some research firms are going into flex space in Fannin Opus Centre and other developments south of the 610 Loop. They aren't highly visible, nor are they among the 45 non-profit/government member institutions that comprise the Texas Medical Center, but they are an outgrowth of it.
  9. I couldn't find a thread on this elsewhere on HAIF, but as usual it's probably out there somewhere. Eldridge Oaks (Eldridge Parkway at Enclave Parkway) has been announced to have two office towers. The first tower is supposed to be finished in Fall 2009 with 350,000 square feet. Anyone want to guess how many stories that is?
  10. I see this Transwestern sign every day. I can't seem to locate the property on Transwestern's website. It's across from Metro's light rail center and admin offices.
  11. 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."
  12. Today I stopped by an older Life Science office strip park on West Bellfort. I always pass by here but never stop. Transwestern website: https://transwestern.com/property/2575-w-bellfort-st Loopnet: https://www.loopnet.com/Listing/2575-W-Bellfort-St-Houston-TX/4018395/
  13. there has been a sign for over a year now off the north i-10 feeder past barker cypress for a new texas childrens hospital. has anyone heard anymore about this new development? and is interfin ever going to develop the land north of i-10 at grand parkway because that was where the 'new' galleria was supposed to be built. I think they are in impending lawsuits with katy mills mall, but I am not too sure.
  14. https://www.texaschildrens.org/departments/texas-childrens-hospital-woodlands Inpatient Hospital and Emergency Center: 17600 Interstate 45 South The Woodlands, TX 77384 Outpatient Services: 17580 Interstate 45 South The Woodlands TX 77384 https://www.cannondesign.com/our-work/work/texas-childrens-hospital-woodlands/
  15. Groundwork laid for Galleria-area hotel Interfin Cos. is seeking city approval to construct a 132-room hotel beside Uptown Park, the European-styled retail center at Post Oak and the West Loop. City documents show plans for a hotel called the Granduca Hotel at 1080 Uptown Park Blvd., to be constructed between the Montebello and Villa d'Este high-rise condominiums, which were developed by Interfin. Interfin President Giorgio Borlenghi says it is premature to discuss the possible development of a hotel. Interfin is considering a project on that site, but plans have not been finalized, he says. "We're still in the exploratory stages," Borlenghi says. "We're not ready to start construction yet. We're not ready to move forward. "We study projects all the time," he says. "Some of them we do; some of them we don't do." Interfin is on track to complete a previously announced 21,000-square-foot retail addition to Uptown Park by June. Borlenghi is still not ready to release the names of the tenants in that development. Link
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