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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.

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Height: 468’ Work begins 4/20, light one up for this one 😆    https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=430526526&row=2

https://www.highstreetresidential.com/en/portfolio/block-98   42-stories, 2Q 2022 completion  

Rendering from this past March.  

Posted Images

  • 8 years later...

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".

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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 by Nate99
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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 by Houston19514
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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 by Houston19514
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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.

 

 

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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! :D

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  • 2 weeks later...
  • 2 months later...

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 by ClutchCity
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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

 

12784857953_a186d40b21_b.jpg

 

Feb. 2014

 

Under Construction - 13

Planned - 17

Potential - 4

 

12784859393_22ec96bbee_b.jpg

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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.

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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

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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)

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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. :D

Edited by TowerSpotter
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  • Highrise Tower changed the title to 42-Story High-Rise For Block 98, Behind Hess Tower

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