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lockmat

Uptown Park Renovations

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Sure seems like it. I'm glad, I don't like this place.

 

Per first image below: "the residential component of the future expansion of Uptown Park into a high density mixed use development."

 

50,000 SF at the NW corner of Uptown Park in Houston. AmREIT is looking to sell the "development rights" in the form of a ground lease to build a high-rise multifamily project while retaining the ground level retail component.

 

http://www.hfflp.com/GetDocument.aspx?ID=56833&FN=50000+SF+Uptown+Park+Flyer.pdf&DT=1

 

 

uptown+park.jpg

 

uptownpark2.jpg

 

 

http://www.hfflp.com/GetDocument.aspx?ID=56833&FN=50000+SF+Uptown+Park+Flyer.pdf&DT=1

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I actually like Uptown Park the way it is. Its great that the area is densifying but i wish some of the other more mundane shopping centers along Post Oak would be redeveloped first before Uptown Park. Especially the two huge shopping centers across from each other on Westheimer and Post Oak, and the one across the street from BLVD Place.

Edited by Fortune
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I heard of a prominent highrise developer snatching up acreage / site in the uptown park area w/ others actively looking. In fact all of uptown is ripe w activity - several hotels allegedly in the works, possible redevelopment of Galleria III w highrise components, westpark transit center nearing approval along w/ several mobility upgrades (including the 610/59 interchange, thank god!).

Very exciting.

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I heard of a prominent highrise developer snatching up acreage / site in the uptown park area w/ others actively looking. In fact all of uptown is ripe w activity - several hotels allegedly in the works, possible redevelopment of Galleria III w highrise components, westpark transit center nearing approval along w/ several mobility upgrades (including the 610/59 interchange, thank god!).

Very exciting.

Are these some of the things you're talking about? There's a hotel listed that I've never seen.

http://www.houstontx.gov/council/1/bfacommittee/20130507/uptownhouston.pdf

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here is their video for the projec: http://goo.gl/8F3IH4

 

I really enjoyed the fly-bys in that video.  The tower at the end was really interesting to me too.  It would fit in with the current UP towers but doesn't look like a one-off.  It would be a nice addition to the rapidly growing uptown skyline.

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To be honest, I don't know know why Swamplot posted that rendering. The video gives no indication this is the design that will be built. HFF is just marketing the site to a developer, who I would think has the right to decide on the design.

 

The video also implies something other than a residential tower could be an option.

 

Swamplot also left out the brochure link, I guess because the video explained most of what it had to say. Except the one thing the video leaves out that I think is most important and exciting is that their plan is to turn the rest of UP into a high-density development. This residential tower is just the first step.

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Here is what they say it could potentially look like when totally complete:

 

http://www.sec.gov/Archives/edgar/data/1397807/000089710112001938/amreit124763_ex99-1.htm

 

img013.jpg

 

I don't know why the bullet points didn't show up, but here they are. (this is from Nov 2012):

 

The property currently sits on 17 acres of land with 169,112 square feet of GLA and an annualized base rent per leased 
square foot of $34.09 and is 96.7% leased as of September 30, 2012

 

We have selected our master plan architect, RTKL, and have established a comprehensive master plan that includes 
multiple phases of potential redevelopment over a five to ten year time period

 

The first phase of the redevelopment could begin in the next 12 to 15 month

 

 

 

 

Edited by lockmat
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To be honest, I don't know know why Swamplot posted that rendering. The video gives no indication this is the design that will be built. HFF is just marketing the site to a developer, who I would think has the right to decide on the design.

 

The video also implies something other than a residential tower could be an option.

 

Swamplot also left out the brochure link, I guess because the video explained most of what it had to say. Except the one thing the video leaves out that I think is most important and exciting is that their plan is to turn the rest of UP into a high-density development. This residential tower is just the first step.

 

Yea I agree but they did leave a question mark behind the title suggesting it might be the final plans for it. 

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Yea I agree but they did leave a question mark behind the title suggesting it might be the final plans for it. 

 

You're right. Most people commenting on the post think that's what is planned, though.

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Can we please stop spewing the marketing nonsense about Uptown Park being a European shopping experience?

 

It's a gussied up strip mall and nothing more. 

 

That said, it would be nice to see them add a mixed-use residential tower on-site and I think an apartment (rental) tower would be successful.

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Can we please stop spewing the marketing nonsense about Uptown Park being a European shopping experience?

 

It's a gussied up strip mall and nothing more. 

 

That said, it would be nice to see them add a mixed-use residential tower on-site and I think an apartment (rental) tower would be successful.

 

Most of my European, and Middle East for that matter, shopping experience is gussied up strip malls with a slightly different format - a strip of stores along a street, but with no parking in front. The lack of parking is a pain. Except for Selfridges and Harrods in London, which are stand alone buildings with a single store in them.

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Here are more interesting proposals.

 

The Austonian? Sure looks like it but slightly different.

 

hFP8tZc.png

 

Here is one that I like the best.

 

wmZ93Mw.jpg

 

FTiCirH.jpg

 

A So and So Design IMO.

 

E8dg1pD.png

 

https://vimeo.com/71610193      Fast Forward to 5:25

Edited by TowerSpotter
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Holy cow the building in that that second screen shot is hideous, haha. Nice find, though! I like that they're splitting the property down the middle and creating some pretty good density, though. Hopefully, they make it cozier than these initial plans, though. Some of those renderings looked bulky and uninviting.

 

They've been marketing this for a while. The first video we found said it would be available in 9 months and this one said 18.

Edited by lockmat
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Lockmat, which building is hideous, the tall blue one or the short brown one.

BTW the ones in the 3rd picture would balance out the Uptown Skyline with the William's Tower.

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Lockmat, which building is hideous, the tall blue one or the short brown one.

BTW the ones in the 3rd picture would balance out the Uptown Skyline with the William's Tower.

 

The blue tall and skinny one. It's not so much the tower portion, but the base makes it look awful imo. I'm sure these are just place holders though.

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The blue tall and skinny one. It's not so much the tower portion, but the base makes it look awful imo. I'm sure these are just place holders though.

 

Agreed, Most of these are not fully designed, so probably who ever wins the bid would have to work more on the design. I'm hoping it's the one with 3rd picture.(high density)

 

Weird thing, had a dream last night I saw a proposal for the site it was like the 'Austonian except when it got to the top it look like stacked boxs on top each other.(the crown)  :blink:

Edited by TowerSpotter

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I would agree that this site is ready to undergo redevelopment away from the suburban strip mall paradigm.  I also think the conceptual renderings for tall buildings here are hideous.  If UP gets more tall residential buildings, my expectation is that they will be more Ziegler Cooper designs.  So far, I'm starting to see their Houston work as being a bit too formulaic.   They also designed The Austonian, which is different from their work here.  Considering that ZC seems to be getting the lion's share of highrise residential design in Houston these days, I hope they'll be given free rein to do something a little different here from what they've done in the past.

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I would agree that this site is ready to undergo redevelopment away from the suburban strip mall paradigm.  I also think the conceptual renderings for tall buildings here are hideous.  If UP gets more tall residential buildings, my expectation is that they will be more Ziegler Cooper designs.  So far, I'm starting to see their Houston work as being a bit too formulaic.   They also designed The Austonian, which is different from their work here.  Considering that ZC seems to be getting the lion's share of highrise residential design in Houston these days, I hope they'll be given free rein to do something a little different here from what they've done in the past.

 

The funny thing is that RTKL designed the one that looks like the Austonian by Zeiglar Cooper. Look at the bottom right logo. I wonder what that means.

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Bisnow also reports that they are "considering" redevelopment for Uptown Park. Also I think they even hinted that a tower would go up at Westheimer and Post Oak.

 

http://www.bisnow.com/commercial-real-estate/houston/is-this-the-new-face-of-luxury/

 

 

Jason and Kenneth say Houston's retail changes will include thedeath of single-floor infill retail in new development. Multifamily development is pushing land prices so high inside the Loop, single-floor retail is no longer the highest and best use, no matter the success of the project. Even Uptown Park is considering a redevelopment (perhaps underground parking?), and Jason wouldn't be surprised to see the center at Westheimer and Post Oakrepositioned vertically with higher density. (Grandma never stops telling you to have better posture, even when you're a building.) Opportunity alert: Sites that size at such a killer intersection are rare.

Edited by TowerSpotter

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there's been high-density redevelopment plans for both corners on the northern half of westheimer and post oak for years... they'll go vertical sooner or later, properties are too valuable not to.

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Hopefully they include the Grand Lux into their plans, I really like that place.

My wild guess is that those are at least 2-5 years away from even being announced.

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I hope we get a Loew's Hotel & Resorts in Uptown Park or the Intersection of westhiemer and post oak like the one in Atlanta.

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http://blog.chron.com/primeproperty/2014/02/amreit-plans-1-billion-redevelopment-of-uptown-park/

 

The owner of the Uptown Park shopping center at the corner of the West Loop and Post Oak Blvd. is planning a more than $1 billion redevelopment of the retail project that will include multiple new towers, bringing the low-rise retail project into the modern era.

The changes will come over the next seven to 10 years and include luxury residential, office, hospitality and additional retail space, according to property owner AmREIT, a Houston-based real estate investment trust that has owned the 17-acre complex for about a decade.

In a Wednesday morning earnings call, the developer said it is negotiations with a national developer to build the first tower at the site — a luxury residential building — that would sit atop 20,000 square feet of retail space. It will be developed where the stores Baker, Pelucha Decor and Bella Rinova are now.

The deal would be structured as a 99-year ground lease to the developer.

AmREIT said it has identified seven potential development sites in Uptown Park.

 

Edited by Mab
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That's great news. All along Post Oak, the one story retail centers are doomed. That land is just too expensive for low density.

Edited by Dakota79
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Also in the earnings release:

 

During the third quarter of 2013, we began the process of terminating leases with or relocating tenants occupying a portion of our Uptown Park property which we refer to as the Baker Site and our Courtyard at Post Oak property at Post Oak and San Felipe in Houston, in order to prepare those sites for vertical re-development.

 

The courtyard post oak is the one right in front of the cosmo

 

http://www.amreit.com/files/property/17/brochure.pdf

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So it looks to me that they have not finalized the design of the resi tower as there are conflicting designs.

I'm very excited there is very limited surface parking and it includes green space. But I wonder where retail customers will park.

The only disappointing thing for me is only one resi tower, but I'll take it.

Edited by lockmat
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So it looks to me that they have not finalized the design of the resi tower as there are conflicting designs.

I'm very excited there is very limited surface parking and it includes green space. But I wonder where retail customers will park.

The only disappointing thing for me is only one resi tower, but I'll take it.

 

You must be looking for something to be disappointed about. 

 

There are 7 identified high-rise/density redevelopment sites.  Only one has a specified use and that is this residential high-rise.    It is unkown what the other six will be.  They could all end up being residential towers, for all we know at this time.

 

As to parking, the video says they have identified 7 sites that will "accommodated mid- to high-rise buildings and their supporting parking."

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i was just wondering when they would announce details for redeveloping this site.. so is this the million+ sq foot development Urbannizer first linked about or is that separate? i didnt notice anything about 75,000 sq ft of retail in the info for this..

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That curved residential tower looks massive!  A lot like The Mark, but slightly better looking.

 

Never quite understood how this land wasn't built more vertically from the get-go?  Glad they're finally building it out.

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i was just wondering when they would announce details for redeveloping this site.. so is this the million+ sq foot development Urbannizer first linked about or is that separate? i didnt notice anything about 75,000 sq ft of retail in the info for this..

It's probably too big, especially given how big the buildings are in the conceptual renderings. I doubt they'll actually build something as large as what they show, but 7 sites at only 300-400k each is still 2 mil+.

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I laughed at this picture. The whole presentation is filled with dozens of CAD renderings that probably took a couple of a hundred work-hours... 

 

Then they insert crayola art sketch. 

 

Anyway, fantastic project--- if it ever gets built. 

 

 

 

12640303634_e439b16ac6_b.jpg

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I laughed at this picture. The whole presentation is filled with dozens of CAD renderings that probably took a couple of a hundred work-hours... 

 

Then they insert crayola art sketch. 

 

Anyway, fantastic project--- if it ever gets built. 

 

[....image....]

 

That's what urban planners (and some architects) do.  Every big project has something like this.  Nothing new, and while it looks like a crayon sketch it still took time to draw, and in some instances may have been produced by photoshop - still taking many hours....but this probably was not.  Still, I'm sure you'll see charette after charette of these drawings at said architectural firm.

 

Edited by arche_757

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I think I just soiled myself. HAPPY DANCE

Right.. 7 new towers in what will be one of the biggest mixed use developments in all of Houston?? Hell yes.

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That's great news. All along Post Oak, the one story retail centers are doomed. That land is just too expensive for low density.

 

I wonder when the one on the northeast corner of Westheimer and Post Oak will bite the dust?  That is one I would love to see go away.

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I wonder when the one on the northeast corner of Westheimer and Post Oak will bite the dust?  That is one I would love to see go away.

 

My understanding is that all of the existing leases in that center expire by approximately 2020, so not until then unless they can somehow buy out or terminate all the leases.

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Here's a rendering of the project from the Houston Chronicle! 

 

1024x1024.jpg

 

Site for the apartment tower:

 

1024x1024.jpg

 

The changes are expected to come over the next decade and could begin late this year with the first building tentatively scheduled to break ground.

 

AmREIT is in negotiations with a national developer to build a luxury residential tower at the site of perhaps 30 stories with 20,000 square feet of retail space at ground level. It would be developed where the stores Baker, Pelucha Decor and Bella Rinova are now.

 

The deal would be structured as a 99-year ground lease to the residential developer, but AmREIT would own the retail space and underground parking.

 

Altogether, the company has identified seven potential development sites in Uptown Park and plans to add significantly to the existing 169,000 square feet of retail space.

 

Uptown Park expansion When it's completed, Uptown Park could include luxury residential, office space, retail and a hotel. Here are the developer's projections:

 

Residential: more than 1,000 units in at least three buildings

Hotel: more than 300 rooms

Retail: an additional 100,000 to 150,000 square feet

Office: 850,000 square feet

 

 

http://www.houstonchronicle.com/news/houston-texas/houston/article/Uptown-Park-to-alter-area-s-skyline-5250104.php#/5

 

 

 

 
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