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

[Howard Huge 2316]

So whats the word here? The Marriott has topped out, is this one still a go?

[Howard Huge 2316]

http://www.wylieassociates.com/project/discovery-tower/

667,000 GSF, New Apartment Tower Including:

• 280,260 SF, 251 Apartment Units

• Outdoor Plaza Deck with Pool

• Fitness Area & Club/Meeting Area

• Residential Lobby Area

• 6,700 SF, Retail

• 229,664 SF, Parking Garage

• Pursuing LEED® Certification

So gorgeous, still my most anticipated downtown tower.

[UtterlyUrban 1631]

I adore this project. But, my opinion is that it will not break ground anytime soon.

[Howard Huge 2316]

I think I remember reading 3rd quarter groundbreaking...

[Nate99 7202]

Isn't TC fairly tight lipped about everything?

 

I walk by regularly, the lot is still full of Marriott construction trailers. 

 

 

I would like to see a rendering from this angle. DG will be all closed in, which I think is pretty cool.

Edited January 12, 2016 by Nate99

[Triton 10447]

They REALLY need to start construction on this project in the next couple of months, or I don't see this thing moving for several years.

[UtterlyUrban 1631]

They REALLY need to start construction on this project in the next couple of months, or I don't see this thing moving for several years.

Agreed. Sad but true. I really like this concept and I hope it gets built but I fear that it won't.

[HoustonIsHome 1361]

I would like to see a rendering from this angle. DG will be all closed in, which I think is pretty cool.

10 years ago DG was not yet born, two huge surface parking lots stood in its place, one Park place, Hess, Marriott Marquis, Houston pavilions/ greenstreet.... was not yet built.

We have come a long way

[Urbannizer 39899]

Recently saw a start of 1Q 2017 for this one..

[kbates2 1020]

Sounds much more aligned with the full completion of the Marriott Marquis. Still really excited about this one.

[Triton 10447]

Recently saw a start of 1Q 2017 for this one..

 

With the local economy the way it is, I'm thinking 2018 or 19 will be more realistic. Thinking back to the Great Recession, many projects in Houston that were proposed in 2007 did not start until about 2012 and 2013.

[jgriff 627]

With the local economy the way it is, I'm thinking 2018 or 19 will be more realistic. Thinking back to the Great Recession, many projects in Houston that were proposed in 2007 did not start until about 2012 and 2013.

And some of those still haven't.... Regent Square.

[Triton 10447]

And some of those still haven't.... Regent Square.

 

True but Regent Square probably has the largest footprint of any other project, even larger than River Oaks District. It's going to take a lot of commitment to get that one through.

[Triton 10447]

Well, looks like they waited too late for this project. New data is showing multi-family is absolutely plummeting in the Houston market, especially the higher-end category.

[Twinsanity02 1022]

I think this is such a choice residential area it will come about eventually.

[Triton 10447]

I think this is such a choice residential area it will come about eventually.

 

I certainly do too... thinking 2018 or 19.

[cspwal 2991]

Well, looks like they waited too late for this project. New data is showing multi-family is absolutely plummeting in the Houston market, especially the higher-end category.

 

Has it spread to the downtown market yet?  Last I saw was downtown and midtown were still strong, though that was a few months ago

[Nate99 7202]

Has it spread to the downtown market yet?  Last I saw was downtown and midtown were still strong, though that was a few months ago

 

With all the residential about to come online downtown, it's probably hard to judge. I'm really interested to see prices.

[swtsig 2653]

Well, looks like they waited too late for this project. New data is showing multi-family is absolutely plummeting in the Houston market, especially the higher-end category.

 

matter of perspective - i'm sure TC is thanking their lucky stars they didn't start 6-9 months ago.

[Yoda 1227]

Edited September 27, 2016 by Yoda

[Twinsanity02 1022]

This design looks different from the previous ones. Where did you locate it?

[Yoda 1227]

1 minute ago, Twinsanity02 said:

This design looks different from the previous ones. Where did you locate it?

 

http://zieglercooper.com/confidential-urban-residential-development/

[H-Town Man 3879]

Say it's so.

 

[Triton 10447]

Didn't Urbannizer post that one before?

 

Edit: 

 

Looks like some of the pics are gone now though.

Edited September 27, 2016 by Triton

[nate4l1f3 776]

Can't recall if there is ground floor retail here... Anyone?

[houstontexasjack 1848]

The Ziegler Cooper description suggests a 34-story tower now.  The rendering still puts it about the same height as the Hess building.  I have to wonder how keen Trammell Crow would actually be to move forward.

[ArtNsf 472]

17 hours ago, houstontexasjack said:

The Ziegler Cooper description suggests a 34-story tower now.  The rendering still puts it about the same height as the Hess building.  I have to wonder how keen Trammell Crow would actually be to move forward.

Actually, they also mention an 11 story parking garage underneath?  If that's the case, then it will be about 45 floors in total, no ?

[Houston19514 3234]

1 hour ago, ArtNsf said:

Actually, they also mention an 11 story parking garage underneath?  If that's the case, then it will be about 45 floors in total, no ?

 

The 11-story parking garage is included in the 40-story floor count.  You can tell by counting the floors in the renderings.

Edited September 28, 2016 by Houston19514

[enriquewx91 729]

Such a great addition but I can't see this project happening with the current state of the economy in Houston. I hope I am wrong though

[ArtNsf 472]

2 hours ago, Houston19514 said:

 

The 11-story parking garage is included in the 40-story floor count.  You can tell by counting the floors in the renderings.

Ah, okay, thanks for the correction.  Still 40 stories is pretty tall though.  Looking forward to one or two supertalls someday downtown  

[Nate99 7202]

DG as a really neat "sunken" feel to it when you look out toward Hess and Houston Center. This tower would fill it in even more.  If that Camden project in front of Toyota Center ever goes, the continuity of new development would be pretty big in what I vividly remember being a real wasteland pre-GRB.

[CREguy13 1130]

Hopefully we get an update on this project in the coming weeks as the Marriott clears its staging area.  Whether its shelved, delayed, or moving forward, any update would be appreciated.

[UtterlyUrban 1631]

4 hours ago, CREguy13 said:

Hopefully we get an update on this project in the coming weeks as the Marriott clears its staging area.  Whether its shelved, delayed, or moving forward, any update would be appreciated.

Agreed.

 

my opinion is that this is tabled for "a bit".   As I recall, this was to be apartments.   It will be interesting to see if the developers switch to condos.... I guess that will largely depend on the Marlowe and its trajectory.

[KinkaidAlum 2411]

Marlowe has sold 46 units with 49 left on the market. The good news is most of the 46 that have sold are the larger/higher priced/higher floored units. 

[UtterlyUrban 1631]

12 minutes ago, KinkaidAlum said:

Marlowe has sold 46 units with 49 left on the market. The good news is most of the 46 that have sold are the larger/higher priced/higher floored units. 

Why is this "good news"?  (Not being mean, I just don't understand).

[htownboy 216]

3 minutes ago, UtterlyUrban said:

Why is this "good news"?  (Not being mean, I just don't understand).

Well, if all of the pricier units are already gone, we can assume that the cheaper units will sell like hotcakes-- even quicker than the others.

 

edit:

(oops i forgot that we were talking about block 98)

I'm assuming that he is hoping for Marlowe to sell out quickly, so Block 98 can rise soon.

Edited November 22, 2016 by htownboy

[UtterlyUrban 1631]

But if cheaper units sells fast, why haven't they already sold?

 

the most in-demand units always sell first.  The less in-demand units sell later and are sometimes hard to sell.  

 

I guess I still don't understand the point the poster was making.  There may very well be "good news" at the Marlowe but I am just not sure what that might be.

[CREguy13 1130]

6 hours ago, UtterlyUrban said:

But if cheaper units sells fast, why haven't they already sold?

 

the most in-demand units always sell first.  The less in-demand units sell later and are sometimes hard to sell.  

 

I guess I still don't understand the point the poster was making.  There may very well be "good news" at the Marlowe but I am just not sure what that might be.

Perhaps the good news is there is more of a market for higher-priced, for-sale units downtown.  If that's the case, it could lead to more dynamic developments in the next cycle.

[KinkaidAlum 2411]

28 minutes ago, CREguy13 said:

Perhaps the good news is there is more of a market for higher-priced, for-sale units downtown.  If that's the case, it could lead to more dynamic developments in the next cycle.

 

This. 

 

The penthouse units on floors 18-20 are almost sold out. That's where the profit margin lies. It'll encourage more development than if the opposite were true (meaning the cheaper units sold first and the higher priced ones languished on the market). 

[UtterlyUrban 1631]

Got it.  I understand the point now.

 

Will it also mean that developers will be building fewer "less expensive" units and more expensive units in buildings?  If what you say is true, I assume so.

[CREguy13 1130]

8 hours ago, UtterlyUrban said:

Got it.  I understand the point now.

 

Will it also mean that developers will be building fewer "less expensive" units and more expensive units in buildings?  If what you say is true, I assume so.

That remains to be seen.  As more amenities (restaurants, entertainment, shops, etc.) pour into downtown making it a 24/7 destination, land prices will continue to go up and it will depend on how the developer can make their margins work.  

[Urbannizer 39899]

 

[UtterlyUrban 1631]

Discovery Tower?

 

i hope that it gets built.  I fact, I hope that they break ground on February 7th.

[monarch 2993]

^^^ what a banner day indeed!  gorgeous DISCOVERY TOWER edifice that shall is slated for a magnificent area of downtown.  splendid......

[H-Town Man 3879]

Does this mean anything? Who is Yang Liu?

 

[hindesky 29198]

Construction trailers for Marriott moving out.

[Urbannizer 39899]

 

 

This view from the Marriott Marquis outdoor level may not last long.

 

[nate4l1f3 776]

12 hours ago, Urbannizer said:

 

 

This view from the Marriott Marquis outdoor level may not last long.

 

They should redisgn the tower to have a huge hole in the middle at eye level of the pool  to keep the view

[lockmat 2108]

22 hours ago, nate4l1f3 said:

They should redisgn the tower to have a huge hole in the middle at eye level of the pool  to keep the view

 

What I'm hoping happens is that they'll have a great view of soaring towers toward the south/south-west. Lots of potential over there.

[Subdude 1471]

Note Block 98 topics merged.