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Memorial Dr. & Buffalo Bayou: 11-Acres


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To see the Orion "site", turn on Asbury Street which is between the strip center with Texadelphia & Los Cucos and a gas station (Texaco?). At the bottom of the hill there is a parking lot with the old sales office. Several months ago there was still a observation type platform you could walk up which overlooked the graded site down near the bayou.

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  • 7 months later...

I like the towers but it looks like there trying to make it look better with the Ohio Valley backdrop.

edit; ricco67 beat me to it.

Edited by Marty
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Additionally, these towers are NOT going up. If you read the article, it is very clear that they are building rental apartments and not condo towers. The first phase will be 4 floors of apartments over 2 floors or parking.

Too bad; the twin towers are cool. So just another midrise ... one of a thousand in Houston. The only reason it made it to HBJ is because of the "River Oaks" location I presume.

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Got my hands on HBJ. Picture the Sabine Lofts and you have an example of Asbury (boring). I was tempted to scan the picture and put out here, but I don't know about copyright laws. Therefore, I won't. But ... on a happier note ... Lighthouse Island in Clear Lake is beginning to be transformed into an upscale community with homes, condos, etc. The photo in HBJ with the sailboats docked and the lighthouse across the blue water makes me want to get into my 401k and purchase a place there. It will be absolutely awesome.

Edited by houstonfella
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  • 3 weeks later...

This project has been a complete disaster. The 2 original developers- Day and Tarragon- had a huge falling out and blame each other for killing the condo project. I couldn't tell from the HBJ article which one is actually doing this, although it sounded like probably Tarragon. This is a neat site, but the lack of visibility could hinder the apartments. I wish them luck- at this point, they seem entitled to some.

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Land planned for Orion sold.

High-end plans slip away as land is sold

Pricey condos didn't get built, and neither did more modest apartments

By NANCY SARNOFF

HOUSTON CHRONICLE

Sept. 4, 2010, 10:56PM

Five years after pulling the plug on a $425 million condo tower planned for a site along Buffalo Bayou, the owner has sold the property.

The 9.25-acre tract sits just south of Memorial Drive between Westcott and South Shepherd on Asbury Place.

New York-based Tarragon Corp. along with a Florida development partner were once planning a luxury high-rise called Orion on the site.

It was designed as two 37-story towers with 360 units averaging 3,600 square feet and priced at more than $1 million apiece.

In 2005, however, Tarragon said there wasn't enough demand for the large units, so the project would be redesigned with smaller ones.

The property was then permitted for a four-story, 247-unit apartment complex, according to a marketing brochure from Cushman & Wakefield, which was listing the land for sale.

All city of Houston building permits are paid and current.

Nancy Sarnoff link

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  • 7 years later...

This was mentioned to me earlier in the year. Just now coming across this article. It's likely Harvey has affected plans for a high- rise here.

 

http://houston.towers.net/2017/05/24/interfin-plants-its-flag-at-buffalo-bayou/

 

Quote

 


Cathexis Real Estate Development, a subsidiary of Houston-based Cathexis Holdings, is in the catbird seat with its ownership of prime Buffalo Bayou waterfront property — property that Interfin Corporation wants to develop.

 

Cathexis owns 9.25 undeveloped acres on the south end of the Rice Military neighborhood, just across the bayou from River Oaks Country Club. According to state records, Interfin — a Houston developer of luxury residential properties — wants to build a 28-story luxury apartment tower on the site. The tower will include a pool deck on the eighth floor.

 

Such a filing implies the land is either under contract, or Cathexis is collaborating. But Cathexis is in the oil and gas business and uses its real estate operation primarily to acquire energy-related resources. Interfin has made no official announcement and did not respond to our request for comment.

 

However, the project architect, Ziegler Cooper Architects, gave the state notice of plans for a tower with an estimated project cost of $92 million.

 

The project name is Avant Buffalo Bayou, and it has an estimated construction start date of October 2017. Ziegler Cooper stated the project would take about 27 months to complete.

 

Meanwhile, Interfin Holdings LP filed for a trademark registration on March 15 for the name ‘Avant Residences’ and a logo symbol. The trademark will be used for marketing and sales, as well as the management and operation of a real estate development, according to the filing.

 

 

AvantBuffaloBayou-aerial-concept-768x437

 

Avant-Residences-trademark.jpg

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Sent to me March 11th via PM:

 

Quote

I can't share the link because it's from a customer, but it is on Memorial just down from Asbury street.  The plans are from Ziegler Cooper and it looks exactly like the project they have on their website called The Midtown. I am bidding the lighting on Monday.


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7 minutes ago, Twinsanity02 said:

Anyone familiar with the site and topography?  Height not distance from water is the crucial factor whether  flooding occurs.

 

Looking at Google Earth Images from 8/30 right after the storm, you can still see water in the southeast corner of the property and along the southern boundary. I would think this was flooded during the peak of Harvey. You could raise the land say 5 feet and with a parking garage on the base, it wouldn't be a huge deal but I am sure they are cautious. 

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It looks like it. I attended a party a few months ago at the old pre sales office which has been turned into the residence of the owner of the property and the planned development of Orion.

He also owned the old Rainbow Lodge site and the apartment site on Memorial at the light just before Shepherd. Not a bad piece of property to own. I'll see what I can find out. He owned most of that land in that area at one time.

45 minutes ago, KinkaidAlum said:

Is this the old Orion site?

 

Depending upon the massing, the folks in Bayou Bend Tower might be losing downtown views if this thing lifts off!

 

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  • 8 months later...

Wow, this thread brings back memories.  Not good ones, but memories nonetheless.  I remember the teeth gnashing when this got scrapped.  It was up there with the Shamrock Hotel downtown.  Luckily we got 609 Main a while later, hopefully we get the same upgrade here.

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  • 3 weeks later...
18 minutes ago, H-Town Man said:

I wonder when and if trails can be built along the HCFC easement linking Buffalo Bayou Park at Shepherd with Memorial Park. It can surely physically be done, it's just the NIMBY issue that must be overcome.

 

 

That would make sense.  Unfortunately there are some pretty wealthy NIMBY's in the neighborhood.  

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22 minutes ago, H-Town Man said:

I wonder when and if trails can be built along the HCFC easement linking Buffalo Bayou Park at Shepherd with Memorial Park. It can surely physically be done, it's just the NIMBY issue that must be overcome.

 

 

Even if there is room and it could physically be done, I would imagine that the terms of the HCFC easements would not allow for trails, meaning a separate easement would have to be negotiated with each property owner (and presumably paid for). I saw a BBP presentation some time ago where they talked of that missing link and said they are always working on trying to acquire property rights to make that connection.

Edited by Houston19514
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  • Highrise Tower changed the title to Memorial Dr. & Buffalo Bayou: 11-Acres
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