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East River: Mixed-Use Development By Midway


citykid09

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As a relative newbie to a large metro area and these projects, what is the likelihood the other phases get built? I feel like we have many multi phase projects going where we are just sitting in the first phase. I can really only think of this and Regent Square as examples. 

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Without having any inside info, I'd say the odds of Phase 2 happening for East River is VERY high. They seem to have a ton of money pouring into that project and they've struck up a ton of positive press and already have several tenants. If I were to totally guess on whether other projects will proceed, I'd say Hanover Autry Park will proceed as planned, but PostHTX and Regent Square will pause until interest rates go down or the economy improves further.

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3 hours ago, freundb said:

As a relative newbie to a large metro area and these projects, what is the likelihood the other phases get built? I feel like we have many multi phase projects going where we are just sitting in the first phase. I can really only think of this and Regent Square as examples. 

I believe they did say originally that estimated full timeline would be 20 years.

1 hour ago, bookey23 said:

Without having any inside info, I'd say the odds of Phase 2 happening for East River is VERY high. They seem to have a ton of money pouring into that project and they've struck up a ton of positive press and already have several tenants. If I were to totally guess on whether other projects will proceed, I'd say Hanover Autry Park will proceed as planned, but PostHTX and Regent Square will pause until interest rates go down or the economy improves further.

Also, you have to wonder if more of the buildings planned will be built to own like the first phase. I'm sure it would just take a couple of additional commitments to spring some things forward. 

East River has a revised GP plat submission this week that tweaks the internal road network on the eastern side of the property, so there is still active long term planning for the entire development. 

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5 minutes ago, hindesky said:


Ypi4h6Q.jpg

I don't think they'll have any issues leasing spaces here, but I would have thought a private rooftop space on the apartments would have been an easy added amenity. but it looks like what isn't parking is going to be HVAC.

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  • 2 weeks later...
On 3/4/2023 at 3:58 PM, Andrew Ewert said:

If the bayou could somehow not be the color of baby poop, this development would overnight be the single most picturesque part of Houston.

@hindeskyhas some bayou photos in another thread from the regatta that look quite nice.

Not to mention the sheer density the townhomes are adding (though their pedestrian-friendliness is up for debate).

Edited by __nevii
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52 minutes ago, Naviguessor said:

That's exciting.  Would be great if East River became a Maritime/Shipping industry hub.  The location on the BB and being home to the Houston Maritime Center certainly reinforces the concept.   Just need to convince my employer to make the move.   

As a customs/shipping attorney officing nearby, I cannot agree more. Centralized base for all!

Edited by JBTX
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19 minutes ago, j_cuevas713 said:

It would be cool if a developer bought like 6 blocks of Downtown and did something like this. 

I was talking to one of the founders of Concept Neighborhood the other day and he said that the main reason he can make (in his words) "cool s***" is the fact that they own a huge contiguous site. 

In Downtown, while the Skanska and (mostly hypothetical) MinuteMaid developments have multiblock scale, it's still gonna be the TIRZ that does the most.

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2 hours ago, bookey23 said:

This is a big roadblock to your vision for SE Downtown:

image.png.a529d97a4ca2e1bdde6abcfd4397f698.png

 

I went through on HCAD and highlighted all of the parcels owned by Golconda Ventures, which is a subsidiary of Opicoil, Taiwan's national oil and gas company. Apparently they've owned most of these plots since 1990 and have been content to just sit on them as parking lots for the past 33 years.

That’s incredibly depressing .

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7 hours ago, bookey23 said:

This is a big roadblock to your vision for SE Downtown:

image.png.a529d97a4ca2e1bdde6abcfd4397f698.png

 

I went through on HCAD and highlighted all of the parcels owned by Golconda Ventures, which is a subsidiary of Opicoil, Taiwan's national oil and gas company. Apparently they've owned most of these plots since 1990 and have been content to just sit on them as parking lots for the past 33 years.

Utterly impossible but how cool would it be for the city to boycott parking at these lots. 

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20 hours ago, bookey23 said:

This is a big roadblock to your vision for SE Downtown:

image.png.a529d97a4ca2e1bdde6abcfd4397f698.png

 

I went through on HCAD and highlighted all of the parcels owned by Golconda Ventures, which is a subsidiary of Opicoil, Taiwan's national oil and gas company. Apparently they've owned most of these plots since 1990 and have been content to just sit on them as parking lots for the past 33 years.

Pretty sure at least two of those parcels (the ones north of Polk) were bought by Skanska and are part of their project (see the picture posted above; smaller parcel would be part of large hotel/residential building planned for the left most parcel in that picture). The larger parcel was originally reported as having been acquired by them, but they've posted no plans for it.

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I went through the HCAD Parcel Map yesterday to pull that info. Skansa owns pieces of both of those blocks, but they do not currently own the whole block. Also, the portion of the Caroline/Polk block that Skansa owns is teeny-tiny

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On 4/11/2023 at 12:45 PM, bookey23 said:

I went through the HCAD Parcel Map yesterday to pull that info. Skansa owns pieces of both of those blocks, but they do not currently own the whole block. Also, the portion of the Caroline/Polk block that Skansa owns is teeny-tiny

The parcel map maybe out of date, because it doesn't line up with past reports, or current plans.

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