42-Story High-Rise for Block 98, Behind Hess Tower

[largeTEXAS 284]

Colorado Group Plans $80M Mixed-Use, Infill Project

By Jennifer D. Duell

Last updated: July 19, 2005 08:23am

HOUSTON-Within three years, a mixed-use project is expected to rise on Block 98, a piece of vacant land adjacent to the new city park and the George R. Brown Convention Center. Two companies from Colorado Springs, LandCo Properties LLC and Equity Edge LLC, have formed a partnership to transform the 1.5-acre tract into two residential high-rises with ground-floor retail space.

Block 98 is bordered by Rusk, Crawford, Walker and LaBranch streets near Toyota Center. Each tower will contain 150 units that will be priced "for the young, single professional," says Michael Raider, LandCo's COO. He tells GlobeSt.com that construction will begin in about three years. "That's when the market will be ready," he says, explaining one tower will have rental housing and the other will be condos. "I am not sure that we'll break ground on both towers at the same time."

Raider, a Houston native, was eyeing Block 98 about a year before he closed the deal with Crescent Real Estate Equities Co. for $6.5 million. "We see Houston as Denver about seven years ago with the new light rail, entertainment and park creation. Denver is just a huge residential market right now," he says, "and we think Houston is following right behind it."

Raider's not yet selected the project architect, but says he's hoping to use a local firm. The partnership, Block 98 Partners Ltd., obtained a $4.9-million loan from Southern National Bank of Texas to acquire the land. Tucker Knight, a director with Holliday Fenoglio Fowler LP's local office, arranged a three-year bridge loan with an adjustable interest rate.

The Block 98 development will be the second project that LandCo has tackled in Houston's CBD. The company recently acquired the former Days Inn Hotel at 801 St. Joseph Parkway for redevelopment into 251 luxury apartments and retail space. Construction is scheduled to begin in early 2006, with units delivering in early 2007.

[YakuzaIce 25]

Is it the same as this?

http://www.houstonarchitecture.info/haif/i...=2695&hl=landco

Or is it a different project?

[kjb434 15]

Old news. It's the same project. This is a duplicate thread.

[Urbannizer 42216]

More good news for downtown? Same block as the Hess parking garage. Ziegler Cooper is the architect, sorry for the rough image quality.

Page 44

http://www.humphreys.com/wp-content/uploads/2013/09/MFEC_FutureDesigns_FINAL.pdf

Edited November 30, 2013 by Urbannizer

[LTAWACS 113]

Nice. I didn't know there was any more room on that block. The building looks sleek.

[lockmat 2213]

Yeah, baby! Much happier knowing a single story retail won't be going in there.

[Houston? 129]

How likely will this get built?

[Howard Huge 2365]

Looks like one of those "this is what could potentially go here", pie in the sky, over the top renderings that never get off the drawing board.

I hope to god I'm wrong though.

[Gary 240]

Am I missing something here? The above rendering is the same as in the "Gables Post Oak" thread.

[swtsig 2833]

Looks like one of those "this is what could potentially go here", pie in the sky, over the top renderings that never get off the drawing board.

I hope to god I'm wrong though.

I'd love to hear your reasoning as to how this resembles a "pie in the sky, over the top rendering".

[lockmat 2213]

I'd love to hear your reasoning as to how this resembles a "pie in the sky, over the top rendering".

it looks pretty finalized to me. looks very similar to Hines downtown tower.

[bachanon 422]

as this rendering is from a presentation for a multi-family development conference in las vegas, what evidence to we have that it represents an actual project with legs? has it been announced elsewhere?

 

[lockmat 2213]

There are multiple other renderings in the presentation from Houston that are for real. That's a start

[Gary 240]

So they have the same page of renderings for this project and Gables? Again, same rendering as in the Gables thread.

[LTAWACS 113]

So they have the same page of renderings for this project and Gables? Again, same rendering as in the Gables thread.

I believe the renderings are from a presentation of sorts... containing several projects.

[bachanon 422]

I believe the renderings are from a presentation of sorts... containing several projects.

 

......a "multi-family residential" conference in las vegas.  go to the link http://www.humphreys.com/wp-content/uploads/2013/09/MFEC_FutureDesigns_FINAL.pdf

[cloud713 3873]

i count 33 stories on this

[lockmat 2213]

Strange how it will have a skywalk to the new hotel. It also looks like there is a large opening on the right side, I'm guessing for the garage.

[H-Town Man 4442]

Skybridge.

[Naviguessor 2018]

We all know how each of us feel about skyridges. Let's leave it at that.

[LTAWACS 113]

We all know how each of us feel about skyridges. Let's leave it at that.

What do you mean?

[Urbannizer 42216]

What do you mean?

http://www.houstonarchitecture.com/haif/topic/28878-eado-station-apartments/?p=436138

[Nate99 7535]

Is this only taking up the part of that block that is not occupied by the garage? 

 

That would be fairly skinny, but I guess the floors would be wide enough for units on each side with a hallway in the middle.  

Edited December 3, 2013 by Nate99

[Houston19514 3860]

Is this only taking up the part of that block that is not occupied by the garage? 

 

That would be fairly skinny, but I guess the floors would be wide enough for units on each side with a hallway in the middle.  

 

Yes, and that strip of land was left unoccupied precisely for the purpose of eventually having a residential structure built on it.

Edited December 3, 2013 by Houston19514

[Triton 11072]

Yes, and that strip of land was left unoccupied precisely for the purpose of eventually having a residential structure built on it.

 

I thought the original intended purpose was for retail.

[Houston19514 3860]

I thought the original intended purpose was for retail.

 

According to a Cite magazine article, the architects (Gensler) convinced the developer of Hess Tower (Trammel Crow) "that a 75-foot-wide strip . . . should be left empty to allow for the possibility of a residential development."

 

The GRBCC 2025 Master Plan also has the site designated for residential development.

Edited December 3, 2013 by Houston19514

[por favor gracias 446]

Thanks for all the info, Houston19514.

[kbates2 1136]

That spot is going to look awesome with all that is going up over there.

[ArchFan 309]

Regarding the confusion about the rendering at the top of this page: there is 1 large pic above 3 smaller ones.  The upper left of the smaller 3 appears to be The Austonian condos in Austin, also designed by Ziegler Cooper, which was completed a few years ago.  So, don't get in a tizzy how they can all be in the "Gables Post Oak" development.

 

 

[mfastx 512]

Really excited for this one.  With the three new hotels in the area, this is going to look really nice. 

 

I'm surprised something this big went on that little lot, I was expecting it to stay surface parking for decades.  Glad the pessimistic me was wrong!

[Nate99 7535]

If this goes, that would make three substantial residential towers going up in DT proper, not counting the Texaco renovation that has the "phase 2" tower associated with it. 

 

Interesting times. 

[GoodToBeMe 10]

I wonder how many units this would contain.

[Urbannizer 42216]

38-floors, 299 residential units! Trammell Crow is the Developer. (#33 on the map)

 

http://www.downtownhouston.org/site_media/uploads/attachments/2014-02-25/140126_Current_Projects_11x17.pdf

[LarryDierker 3376]

it also says 299 units.

Est complete date summer 2017.

[ClutchCity 218]

Awesome news! I didn't have high hopes for this but another 30+ story RESIDENTIAL tower for downtown is just amazing. Great to see this moving forward. I know I've said it before(as had several others) but this is really a superb time to be in Houston! :]

Edited February 26, 2014 by ClutchCity

[Triton 11072]

That development map is just getting crazy. Would be cool if we had a development map from 2012 to compare just how many projects are now under construction, planned or proposed.

[Urbannizer 42216]

That development map is just getting crazy. Would be cool if we had a development map from 2012 to compare just how many projects are now under construction, planned or proposed.

 

I did not find a 2012 Development Map, so I just pulled up a map from around the same time last year. Ignore the green, it means completed.

 

Feb. 2013

 

Under Construction - 3

Planned - 10

Potential - 5

 

 

Feb. 2014

 

Under Construction - 13

Planned - 17

Potential - 4

 

[Triton 11072]

That is just incredible! Thanks. Funny how we don't even have room anymore for completed projects.

[fatesdisastr 523]

38-floors, 299 residential units! Trammell Crow is the Developer. (#33 on the map)

 

http://www.downtownhouston.org/site_media/uploads/attachments/2014-02-25/140126_Current_Projects_11x17.pdf

 

Is the map a little off, because it looks like this development is butt up against the Marquis on the map. Other places on the map indicate a separation of road between developments, except here.

[fernz 355]

Would that make if the tallest residential building in Houston?

[Chi-Char-Hou-Dal 366]

Dead serious how many residents would DT need to shift the attitude change and make DT CBD he new hot spot. I'm not really interested in debating suburbs v DT but I feel DT has so much pos momentum regarding living and social aspects but the lechuguga seems to be heading north and west. There will always be law firms and smaller O&G I guess I am asking does 10k residents help DT office landscape or is it just another albeit new neighborhood to live - again this is far from bashing DT- look at my post history I'm thinking big pic

Cheers

Lorenz

[democide 158]

Is the map a little off, because it looks like this development is butt up against the Marquis on the map. Other places on the map indicate a separation of road between developments, except here.

 

It's off due to the maker for #23.

[cloud713 3873]

Would that make if the tallest residential building in Houston?

probably not.. its on 12 stories of parking garage. plus, 2929 Weslayan is 40 stories. and that 40 story Market Square residential should hopefully be in the pipeline soon (though also on a garage)..

id be interested in a list of all the residential highrises going up or proposed for Houston.

42 story Hermann Place

40 story 2929 Weslayan

40 story Block 35)/Market Square block

38 story Block 98

38 story Texaco redevelopment

36 story Gables Post Oak

33 story Hines Market Square

30 story Hanover Montrose

30 story Uptown Park

29 story Hanover Post Oak

28 story Marquette 1400 Texas

28 story Astoria

26 story Belfiore

25 story The Southmore

25 story SkyHouse River oaks

24 story SkyHouse downtown

21 story The Sovereign

20 story Chelsea Montrose

20 story The Woodlands condo tower

18 story Azalea Court/Mid Lane Phase III

17 story Azalea Court/Mid Lane Phase II

17 story Bunker Hill mixed use development

15 story Azalea Court/Mid Lane Phase III

13 story The Kirby Collection

12 story Camden highrise Phase I

12 story Camden highrise Phase II

10 story Allied Orion Group

(sorry to get off topic.. did i miss any? thats quite an impressive list of residential highrises)

[TowerSpotter 1141]

probably not.. its on 12 stories of parking garage. plus, 2929 Weslayan is 40 stories. and that 40 story Market Square residential should hopefully be in the pipeline soon (though also on a garage)..

id be interested in a list of all the residential highrises going up or proposed for Houston.

42 story Hermann Place

40 story 2929 Weslayan

40 story Block 35)/Market Square block

38 story Block 98

38 story Texaco redevelopment

36 story Gables Post Oak

33 story Hines Market Square

30 story Hanover Montrose

30 story Uptown Park

29 story Hanover Post Oak

28 story Marquette 1400 Texas

28 story Astoria

26 story Belfiore

25 story The Southmore

25 story SkyHouse River oaks

24 story SkyHouse downtown

21 story The Sovereign

20 story Chelsea Montrose

20 story The Woodlands condo tower

18 story Azalea Court/Mid Lane Phase III

17 story Azalea Court/Mid Lane Phase II

17 story Bunker Hill mixed use development

15 story Azalea Court/Mid Lane Phase III

13 story The Kirby Collection

12 story Camden highrise Phase I

12 story Camden highrise Phase II

10 story Allied Orion Group

(sorry to get off topic.. did i miss any? thats quite an impressive list of residential highrises)

Theres another 41 story tower listed on the clark construction site. Other than that I think your good.

Edited February 26, 2014 by TowerSpotter

[Triton 11072]

Theres another 41 story tower listed on the clark construction site. Other than that I think your good.

 

Link?

[TowerSpotter 1141]

Link?

Looked for the thread and searched for it myself and couldn't find it. The thread was opened by Urbannizer maybe he can link us?

[Urbannizer 42216]

BidClerk, that was the project page for 609 Main with a misleading description and floor count. I didn't know that because only subscribed members can view the name of the project.

[TowerSpotter 1141]

BidClerk, that was the project page for 609 Main with a misleading description and floor count.

Dang, I was looking forward to seeing a render to that. XD

[bobruss 4913]

Cloud 713

 

You did miss the Hanover Southampton, 12 stories in the Rice Village that's going up now.

[Subdude 1576]

Note a sidebar discussion was split into a new topic in Downtown.