lockmat Posted June 9, 2007 Share Posted June 9, 2007 A wholly-owned subsidiary of Azorim Investment, Development and Construction Ltd. (TASE: AZRM) has bought a nine-acre lot in Houston, Texas, for $34 million. The lot is located in the city Link to comment Share on other sites More sharing options...
citykid09 Posted June 9, 2007 Share Posted June 9, 2007 If the plan to build a 200,000-sq.m. residential and commercial project on one third of the site at an investment of $550 million, What kind of project would this look like? High dense urban? Link to comment Share on other sites More sharing options...
musicman Posted June 9, 2007 Share Posted June 9, 2007 If the plan to build a 200,000-sq.m. residential and commercial project on one third of the site at an investment of $550 million, What kind of project would this look like? High dense urban?550 million on 3 acres is incredible. pretty much guaranteed to be pricey. urban wannabees stay clear. Link to comment Share on other sites More sharing options...
TheNiche Posted June 9, 2007 Share Posted June 9, 2007 If the plan to build a 200,000-sq.m. residential and commercial project on one third of the site at an investment of $550 million, What kind of project would this look like? High dense urban?Yes, this would be a very big project. One meter is just a little bit longer than 3 feet, so there are probably about 9.5 or 10 square feet per square meter. That comes to about 1.9 or 2 million square feet. That's a big deal. Link to comment Share on other sites More sharing options...
citykid09 Posted June 10, 2007 Share Posted June 10, 2007 Can someone point out on a map exactly where this is? I have never seen 9 acres of land near the Galleria. Link to comment Share on other sites More sharing options...
houstonmacbro Posted June 10, 2007 Share Posted June 10, 2007 Can someone point out on a map exactly where this is? I have never seen 9 acres of land near the Galleria.Could it possibly be east of Loop 610? Link to comment Share on other sites More sharing options...
ricco67 Posted June 10, 2007 Share Posted June 10, 2007 I was a bit taken aback by the 9 acres statement. According to the article, it's RIGHT ACROSS THE STREET, but I can't imagine where it could be aside from that behind the church. Link to comment Share on other sites More sharing options...
houstonmacbro Posted June 10, 2007 Share Posted June 10, 2007 Across the street? Isn't that where CompUSA and Barnes and Noble is? Link to comment Share on other sites More sharing options...
gwilson Posted June 10, 2007 Share Posted June 10, 2007 could be on the north or east sides of the galleria. perhaps back by nordstrom, next to the water wall and across the street from the manhattan Link to comment Share on other sites More sharing options...
ricco67 Posted June 11, 2007 Share Posted June 11, 2007 could be on the north or east sides of the galleria. perhaps back by nordstrom, next to the water wall and across the street from the manhattannope, because that's where another hi-rise is going to go up. The only spot I can think of is behind the church between Nordstrom and Hotel Indigo. Unless they plan to demo the Dillards. Link to comment Share on other sites More sharing options...
woolie Posted June 11, 2007 Share Posted June 11, 2007 Unless they plan to demo the Dillards. Please. Link to comment Share on other sites More sharing options...
houstonmacbro Posted June 11, 2007 Share Posted June 11, 2007 Please. Wouldn't it be lov-e-ly. Link to comment Share on other sites More sharing options...
Subdude Posted June 11, 2007 Share Posted June 11, 2007 There is a large vacant peice of land south of Westheimer and Alabama where Alabama forks off. This is roughly across from the 5444 Westheimer building. I'm assuming that is where this would be. There is also a smaller parcel of vacant land adjacent to 5444 Westheimer, next to the CVS, but it isn't nine acres. Link to comment Share on other sites More sharing options...
houston-development Posted June 11, 2007 Share Posted June 11, 2007 this is the development i mentioned in this thread.its the eastern-most portion of the retail center on richmond and post oak (nw corner). there use to be a restaurant there but cant recall what it was.this group has A LOT of money and plan to develop over $1B in houston within the next couple of years. they have another site tied up in the tanglewood area.. will gladly pinpoint it after they close or make it public. Link to comment Share on other sites More sharing options...
tony Posted June 11, 2007 Share Posted June 11, 2007 The restaurant was a Steak n Ale, wasn't it? Link to comment Share on other sites More sharing options...
ricco67 Posted June 11, 2007 Share Posted June 11, 2007 The restaurant was a Steak n Ale, wasn't it?yep. Link to comment Share on other sites More sharing options...
ProHouston Posted June 11, 2007 Share Posted June 11, 2007 The restaurant was a Steak n Ale, wasn't it?It was a Mason Jar most recently. Link to comment Share on other sites More sharing options...
Gary Posted June 11, 2007 Share Posted June 11, 2007 this is the development i mentioned in this thread.its the eastern-most portion of the retail center on richmond and post oak (nw corner). there use to be a restaurant there but cant recall what it was.this group has A LOT of money and plan to develop over $1B in houston within the next couple of years. they have another site tied up in the tanglewood area.. will gladly pinpoint it after they close or make it public.Thanks again HD, I always look forward to your posts. Link to comment Share on other sites More sharing options...
Houston19514 Posted June 11, 2007 Share Posted June 11, 2007 this is the development i mentioned in this thread.its the eastern-most portion of the retail center on richmond and post oak (nw corner). there use to be a restaurant there but cant recall what it was.this group has A LOT of money and plan to develop over $1B in houston within the next couple of years. they have another site tied up in the tanglewood area.. will gladly pinpoint it after they close or make it public.Are you saying they bought the whole shopping center and are building this development on the eastern end (1/3) of it? Link to comment Share on other sites More sharing options...
ArchitecturalPRGirl Posted June 11, 2007 Share Posted June 11, 2007 Are you saying they bought the whole shopping center and are building this development on the eastern end (1/3) of it?Yes it was Mason Jar. Wouldn't 9 acres be the whole center? I think there is still some property behind the restaurant no? Or does that belong to the office building? Link to comment Share on other sites More sharing options...
Houston19514 Posted June 11, 2007 Share Posted June 11, 2007 Yes it was Mason Jar. Wouldn't 9 acres be the whole center? I think there is still some property behind the restaurant no? Or does that belong to the office building?Yes, I would think 9 acres would be the whole center. Just wanted a little clarification. Hopefully, they would also remake the strip center into something more "urban-ish". Link to comment Share on other sites More sharing options...
RedScare Posted June 11, 2007 Share Posted June 11, 2007 Windsor Plaza is actually about 12.5 acres. However, the corner lot next to Windsor is 5.5 acres, and the empty lot directly north of it, on Post Oak is about 3.5 acres, totalling about 9 acres. It appears that all of the land south of Manhattan to Richmond, with the exception of some of the pond, was part of the deal. Link to comment Share on other sites More sharing options...
bcnet Posted June 11, 2007 Share Posted June 11, 2007 Yes, looks to be these 3 parcels which were owned by Hines or related entities per HCAD. 045-140-004-0001 (3.3 acres)083-022-000-0015 (5.5 acres)083-022-000-0025 (<.5 acres)You can see them here on this HCAD map.HCAD map Link to comment Share on other sites More sharing options...
houston-development Posted June 11, 2007 Share Posted June 11, 2007 it was the mason jar, thanks! dam you short term memory loss due to... oh sorry, im straying off topic.no, its not the entire center and i don't foresee another major renovation just yet.Yes, looks to be these 3 parcels which were owned by Hines or related entities per HCAD. 045-140-004-0001 (3.3 acres)083-022-000-0015 (5.5 acres)083-022-000-0025 (<.5 acres)You can see them here on this HCAD map.HCAD mapding. ding. ding.we have a winner. Link to comment Share on other sites More sharing options...
Avabamse Posted June 11, 2007 Share Posted June 11, 2007 HD - just to understand if this development has any connection / relation to the post that I had about a possible 66-story tower in the Uptown area. I was told by the new chamber of commerce director about this, which I would assume would be a highly credible source. Yet, I have not seen any additional info on this board or elsewhere. You obviously are in the know / inside - any comments or thoughts? Thanks! Link to comment Share on other sites More sharing options...
GovernorAggie Posted June 11, 2007 Share Posted June 11, 2007 this is the development i mentioned in this thread.its the eastern-most portion of the retail center on richmond and post oak (nw corner). there use to be a restaurant there but cant recall what it was.this group has A LOT of money and plan to develop over $1B in houston within the next couple of years. they have another site tied up in the tanglewood area.. will gladly pinpoint it after they close or make it public.Any chance that any of their developments work their way into the CBD? Link to comment Share on other sites More sharing options...
ArchitecturalPRGirl Posted June 13, 2007 Share Posted June 13, 2007 I just heard the latest info on this project. The developer wants to do a large, high-end condominium project, not a mixed-use, with a huge spa/wellness facility. It sounds pretty amazing. They are currently meeting with architects. Link to comment Share on other sites More sharing options...
houston-development Posted June 13, 2007 Share Posted June 13, 2007 click me Link to comment Share on other sites More sharing options...
lockmat Posted June 13, 2007 Author Share Posted June 13, 2007 click me I did. Now what? Link to comment Share on other sites More sharing options...
Subdude Posted June 14, 2007 Share Posted June 14, 2007 Link doesn't seem to be working at the moment. It was up yesterday, but I didn't have time to go through it. Does it have renderings for the site? Link to comment Share on other sites More sharing options...
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