mattyt36 Posted January 12 Share Posted January 12 17 minutes ago, BEES?! said: It sounds like someone may have purchased this building and intends to do a conversion on it. From the Downtown TIRZ board of directors meeting on Jan 10th 2023 (Page 148) Highlight: Within the month of December, CHI was approached by a local developer to help inform an investment & development group from NYC regarding the potential acquisition and conversion of a major Downtown Houston asset which has sat vacant for years. CHI's research lead and executive team spent approximately 20 hours responding to their research requests, including items such as the residential pipeline, historical population trends, and projected tax liabilities, and forecasts for potential development support tools. CHI management understands that the group closed on the property on Dec 31 and intends to advance the project. I can’t think of another “major downtown asset” that’s sat vacant for years that would be suitable for conversion. Am I missing any? 800 Bell may fit that bill, going on 8 years now, and certainly would be better described as a "major downtown asset" than this. But I hope you're right! 3 Link to comment Share on other sites More sharing options...
Ross Posted January 13 Share Posted January 13 Shorenstein sold 800 Bell and the associated parking garage to Bell Business Investments, llc. Warranty Deed was recorded on January 3, 2023. Tax notices are to be sent to CMI Developers, llc https://www.cmidevelopers.com/ 4 Link to comment Share on other sites More sharing options...
Avossos Posted January 13 Share Posted January 13 2 hours ago, BEES?! said: It sounds like someone may have purchased this building and intends to do a conversion on it. From the Downtown TIRZ board of directors meeting on Jan 10th 2023 (Page 148) Highlight: Within the month of December, CHI was approached by a local developer to help inform an investment & development group from NYC regarding the potential acquisition and conversion of a major Downtown Houston asset which has sat vacant for years. CHI's research lead and executive team spent approximately 20 hours responding to their research requests, including items such as the residential pipeline, historical population trends, and projected tax liabilities, and forecasts for potential development support tools. CHI management understands that the group closed on the property on Dec 31 and intends to advance the project. I can’t think of another “major downtown asset” that’s sat vacant for years that would be suitable for conversion. Am I missing any? Conversion to residential? Link to comment Share on other sites More sharing options...
BEES?! Posted January 13 Share Posted January 13 27 minutes ago, Ross said: Shorenstein sold 800 Bell and the associated parking garage to Bell Business Investments, llc. Warranty Deed was recorded on January 3, 2023. Tax notices are to be sent to CMI Developers, llc https://www.cmidevelopers.com/ This must be it, then. Maybe we can get these posts moved over to 800 Bell? Link to comment Share on other sites More sharing options...
mattyt36 Posted January 13 Share Posted January 13 Well, for once I'm kind of sad to be right. 4 Link to comment Share on other sites More sharing options...
hindesky Posted February 19 Share Posted February 19 7 Link to comment Share on other sites More sharing options...
Popular Post houstontexasjack Posted February 24 Popular Post Share Posted February 24 On 2/19/2023 at 2:19 PM, hindesky said: @hindesky - You don’t happen to have any missiles on your drones to be able to make some improvements…..do you? 1 11 Link to comment Share on other sites More sharing options...
hindesky Posted March 19 Share Posted March 19 At least they have some cable guardrails up. 5 1 1 Link to comment Share on other sites More sharing options...
BEES?! Posted March 20 Share Posted March 20 Huh. When’d that happen? Link to comment Share on other sites More sharing options...
Triton Posted March 21 Share Posted March 21 On 7/17/2005 at 9:36 PM, jt16 said: anyone have any idea when we can see this project get started? Wow... Asked in 2005 and here we still are. 4 Link to comment Share on other sites More sharing options...
Sanjorade Posted April 3 Share Posted April 3 https://www.loopnet.com/Listing/801-St-Joseph-Pky-Houston-TX/12352462/ 5 Link to comment Share on other sites More sharing options...
bookey23 Posted April 3 Share Posted April 3 Does this mean that someone's actually trying to redevelop this building? I was under the impression that it was still standing because it's filled to the brim with asbestos. Is this not the case? Link to comment Share on other sites More sharing options...
Avossos Posted April 3 Share Posted April 3 27 minutes ago, bookey23 said: Does this mean that someone's actually trying to redevelop this building? I was under the impression that it was still standing because it's filled to the brim with asbestos. Is this not the case? I believe it has been remediated. 4 Link to comment Share on other sites More sharing options...
Houston19514 Posted April 3 Share Posted April 3 2 hours ago, Avossos said: I believe it has been remediated. Yeah, I think it's down to just the concrete shell. Not sure where any asbestos could even be hiding. Link to comment Share on other sites More sharing options...
Subdude Posted April 3 Share Posted April 3 5 hours ago, bookey23 said: Does this mean that someone's actually trying to redevelop this building? I was under the impression that it was still standing because it's filled to the brim with asbestos. Is this not the case? I think it is just listed for sale. Link to comment Share on other sites More sharing options...
bookey23 Posted April 3 Share Posted April 3 The agents listing this property on LoopNet: 1 8 Link to comment Share on other sites More sharing options...
hindesky Posted April 9 Share Posted April 9 7 Link to comment Share on other sites More sharing options...
BEES?! Posted May 26 Share Posted May 26 Loopnet says it’s Under Contract- is that recent? 3 Link to comment Share on other sites More sharing options...
bookey23 Posted May 30 Share Posted May 30 I think so. It definitely wasn't under contract in April 4 Link to comment Share on other sites More sharing options...
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