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The Travis (3300 Main) by PM Realty Group: 30-story, 336-unit high-rise

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2 hours ago, brijonmang said:

DlBpmlH.jpg

 

thanks brijonmang !  you always post the absolute best and most thoughtful photos on this forum bar none.  I really appreciate your style.

 

 

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3 hours ago, ArtNsf said:

 

thanks brijonmang !  you always post the absolute best and most thoughtful photos on this forum bar none.  I really appreciate your style.

 

 

You're too kind, sir! Wish I had more free time recently to get out and get some shots of all the new stuff going up but hopefully soon I'll be able to provide some additional updates.

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1 hour ago, ekdrm2d1 said:

Lightrail shot.

 

GYod1wN.jpg

 

Is there going to be ANY brick on this thing?

 

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22 minutes ago, Avossos said:

 

Is there going to be ANY brick on this thing?

 

If I move into it, I will build a brick wall on my balcony

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15 hours ago, rechlin said:

From /u/maegos on reddit:

 

9s54truwtvf31.jpg

 

I wish I owned land in Midtown. It's going to be our own Upper West Side in 20 years.

 

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Just curious is there any idea about the prospective tenants of this place? I'm sure I could click back a little but is it office/retail/apartments/etc?

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55 minutes ago, corbs315 said:

Just curious is there any idea about the prospective tenants of this place? I'm sure I could click back a little but is it office/retail/apartments/etc?

 

Apartments

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On 8/12/2019 at 9:22 AM, H-Town Man said:

 

I wish I owned land in Midtown. It's going to be our own Upper West Side in 20 years.

 

 

I tried to buy in Midtown in 2014. Prices rose so fast in like 2 month period that I got priced out. 

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On 8/13/2019 at 10:26 PM, mattyt36 said:

 

Apartments

 

I watched that video and it mentioned "mixed-use" so I think its apartments + ground floor retail. Went back in the thread and their most recent piece of design mentioned something like 5k+ sq. ft or so of retail. 

 

Also, project end date was 5/2020, right? Midtown next summer is going to be crazy. This finally open, caydon in full swing, Pearl leased up, and the whole foods is open. 

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5 hours ago, houstontexasjack said:

The trend of "The [Insert Street Name Here]" continues.

 

Nominees for high rise apartment names you won't see soon:

 

The Kingwood

The Mykawa

The Lockwood

The Red Bluff

The Crosstimbers

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1 hour ago, Nate99 said:

 

Nominees for high rise apartment names you won't see soon:

 

The Kingwood

The Mykawa

The Lockwood

The Red Bluff

The Crosstimbers

I wouldn’t mind one called “The Hogan,” provided there was GFR featuring a Greek restaurant called “Hogan’s Gyros.”

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Posted (edited)

Which you could put in this:

 

ozittev0kxacltycuhyr.jpg

Edited by mollusk
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On 8/22/2019 at 3:49 PM, Nate99 said:

 

Nominees for high rise apartment names you won't see soon:

 

The Kingwood

The Mykawa

The Lockwood

The Red Bluff

The Crosstimbers

 

OMG we could go on for days on this...

 

The Castlewood

The Synott

The Blue Bell

The Woodforest

The Hammerly

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Reminds me of “Deer Park” brand bottled water sold in the northeast. 

 

Nothing wrong with “The Harwin”, unless you’re in Houston. 

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On 8/24/2019 at 2:27 PM, MidCenturyMoldy said:

Friday, 08/23/19

8755F0F8-7D36-481F-B259-EFD8F1D4243B.jpeg

Does anyone have info on the red brick townhomes here in this pic? I walk past the one in the pic from time to time and the windows are covered

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jeff-jeffrey-1*90xx1000-1333-0-0.png
By Jeff Jeffrey  – Reporter, Houston Business Journal 
an hour ago
 

For the second time this week, a high-rise, mixed-use development in one of Houston’s busiest submarkets for multifamily projects celebrated a major construction milestone.

Developers behind the 30-story residential tower known as The Travis toasted the building’s topping out Sept. 10, according to a news release. The project, which is located at 3300 Main St. in Midtown, was developed by the Houston office of Washington-based Madison Marquette, with investment support from Los Angeles-based AECOM Capital.

Located on a 1.16-acre lot, the luxury high-rise building will be one of just a few apartment towers in Midtown. Developers plan to begin delivering the building’s 328 residential units to tenants in spring 2020. The project also includes 14,967 square feet of retail space on the ground floor.

Apartment units in The Travis average about 1,114 square feet. Residents will have access to a two-story fitness center and aqua lounge, a 3/4-acre pool and an amenity deck looking out over Main Street. 

Residents can also expect canted bay windows and balconies that offer downtown views to the north and east and continuous balconies on the south. 

Architects from Baltimore-based CallisonRTKL designed the building, while AECOM Hunt served as general contractor. 

“We’re very excited to contribute to the positive growth taking place in the vibrant Midtown submarket,” Bryant Nail, Madison Marquette executive vice president of multifamily development, said in the release.

Developers broke ground on The Travis in May 2018, shortly before Houston-based PM Realty Group LP merged with Madison Marquette. 

 

At the time, it had been about a year and a half since PMRG purchased the property from the Midtown Redevelopment Authority

Elsewhere in Midtown, residential leasing at Australian developer Caydon’s first stateside luxury mixed-use project has gotten underway. Caydon reported in July that it had already leased over 10 percent of the apartment units in the 27-story high-rise at 2850 Fannin St., known as Drewery Place. 

Caydon topped out on Drewery Place in December

Also this week, The Residences at La Colombe d’Or, Hines’ 34-story multifamily tower standing behind the historic hotel of the same name in Montrose, celebrated its topping out

While much of the $140 million building remains under construction, Hines plans to begin delivering the building’s 265 units to residents by the second quarter of 2020.

As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com.

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An interesting recap of how The Travis almost never happened.


From BisNow Houston:

 

Developing The Travis hasn't been an easy assignment. The high-rise multifamily development in Midtown almost didn't happen. 
 

In the midst of the energy downturn in late 2016, PM Realty Group, now Madison Marquette, acquired the site with partner AECOM Capital. However, capital had become wary of spec development projects in Houston. 
 

"You could not have gotten this project financed with local banks," Madison Marquette Vice Chairman Rich Kirk said. "They were all paralyzed."
 

In early 2018, Goldman Sachs opted to provide the construction financing, which significantly improved the trajectory of the project, Kirk said. The vision for the project became easier to sell to other capital investors. Another limited partner later joined to provide equity to fund the project. 

More: https://www.bisnow.com/houston/news/multifamily/this-midtown-high-rise-was-a-no-go-until-goldman-sachs-stepped-in-100792

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"As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com."

 

Holy crap. That is craaazy amount of residential units for what seems like a small part of town. And Katy-Cinco Ranch-Waterside would make sense with all the development over there. And that comparison is nice, cause it really shows that this portion of town is competing, in part, with the growth seen in what I think is widely known to be one of the fastest growing parts of the H. 

 

I would cross post this to Downtown Apartment thread because while we're like "man, 400 units!" midtown/montrose/museum district is like "man, 4000 units!" 

Edited by X.R.
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1 hour ago, X.R. said:

"As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com."

 

Holy crap. That is craaazy amount of residential units for what seems like a small part of town. And Katy-Cinco Ranch-Waterside would make sense with all the development over there. And that comparison is nice, cause it really shows that this portion of town is competing, in part, with the growth seen in what I think is widely known to be one of the fastest growing parts of the H. 

 

I would cross post this to Downtown Apartment thread because while we're like "man, 400 units!" midtown/montrose/museum district is like "man, 4000 units!" 

The population density continues to increase. 

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2 hours ago, X.R. said:

"As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com."

 

Holy crap. That is craaazy amount of residential units for what seems like a small part of town. And Katy-Cinco Ranch-Waterside would make sense with all the development over there. And that comparison is nice, cause it really shows that this portion of town is competing, in part, with the growth seen in what I think is widely known to be one of the fastest growing parts of the H. 

 

I would cross post this to Downtown Apartment thread because while we're like "man, 400 units!" midtown/montrose/museum district is like "man, 4000 units!" 

 

Whats really great about it is that the inner city is finally starting to compete head to head in numbers with suburbia. This could even be a tipping point. Whats even more impressive is that the Katy-Cinco Ranch-Waterside market is a much larger area than the Montrose-Museum-Midtown market and yet its going toe to toe with it. For past few years we were all really impressed by the growth of the inner city, but it still didn't compare to the growth that was still happening in suburbia, but now it seems with this data that turn is beginning to happen. This also corresponds to the continued uptick in announcements and planned developments either underway or proposed and it doesn't look like its slowing down. Its even exceed my expectations. I thought we wouldn't see those numbers for at least another couple years or until at the end of 2020. While working on the map 2020 keeps popping up everywhere. It looks to be a banner year for this city either for projects to be completed or projects to get started. Exciting times. Let the good times roll.

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2 hours ago, Luminare said:

 

Whats really great about it is that the inner city is finally starting to compete head to head in numbers with suburbia. This could even be a tipping point. Whats even more impressive is that the Katy-Cinco Ranch-Waterside market is a much larger area than the Montrose-Museum-Midtown market and yet its going toe to toe with it. For past few years we were all really impressed by the growth of the inner city, but it still didn't compare to the growth that was still happening in suburbia, but now it seems with this data that turn is beginning to happen. This also corresponds to the continued uptick in announcements and planned developments either underway or proposed and it doesn't look like its slowing down. Its even exceed my expectations. I thought we wouldn't see those numbers for at least another couple years or until at the end of 2020. While working on the map 2020 keeps popping up everywhere. It looks to be a banner year for this city either for projects to be completed or projects to get started. Exciting times. Let the good times roll.

I guess the developers have a 20-20 vision. 

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