Hanover River Oaks: Multifamily At 2651 Kipling St.

[AREJAY]

2920 Kirby on today's demo report.

 

http://swamplot.com/daily-demolition-report-kirby-crushed/2017-01-11/

[Yoda]

 

[Urbannizer]

http://www.bizjournals.com/houston/news/2017/02/28/houston-multifamily-exec-we-re-taking-risk-on.html

 

The developer also has two other luxury apartment towers in the works in Houston: a 40-story, 300-unit project in Upper Kirby,

which could break ground in the third quarter; and a 30-story, 300-unit proposed project in the River Oaks Shopping District, in conjunction with Houston-based Weingarten Realty Investors (NYSE: WRI) that is expected to break ground in 2018.

[Montrose1100]

9 hours ago, Urbannizer said:

http://www.bizjournals.com/houston/news/2017/02/28/houston-multifamily-exec-we-re-taking-risk-on.html

 

 

 

So are we going to start calling this ROSD? Not to be confused with ROD.

[Tolarwan]

This is starting in may according to a source..... fence going up....

[CREguy13]

I also like seeing that Giorgetti Houston is now 25% sold.  Both of these projects are a great addition to UK.

[lockmat]

UK blowin up!

 

I like that nickname!

[HoustonBoy]

I like the way UK sounds as well! It just sounds like a popular area of a big city.

[hindesky]

 

[Urbannizer]

Hanover's currently seeking a project manager for this one.

 

http://job-openings.monster.com/Project-Manager-Hanover-River-Oaks-Houston-TX-US-The-Hanover-Company/31/b01e0119-1e79-4308-8d44-e744495291d8?mescoid=1300093001001&jobPosition=7

 

Hanover Company is looking for an experienced Project Manager for Hanover River Oaks, a new construction, luxury urban high-rise apartment development in the Upper Kirby neighborhood of Houston, TX. Hanover River Oaks will be a 39-story, 370-unit high-rise residential project. The average unit size will be approximately 1,168 square feet with units ranging from 557 to 3,059 square feet. There will be approximately 10,115 square feet of ground floor retail and restaurant space.

[cloud713]

They don't have a project manager that they use for all of their projects..?

[BigFootsSocks]

PM is a vague-ish term; a civil firm with ~20 employees might have 5-6 engineers, most of which are technically PM's along with their associates titles.

[bobruss]

Isn't it possible that they are getting busier and perhaps needed to add more help.

I would imagine there is a project manager for every job.

Edited July 6, 2017 by bobruss

[swtsig]

this will start before the end of the year, per a very very good source.

['Stonian]

This thing has officially started today!!  Equipment on site and men working.

 

swtsig your source was right on the money!

Edited December 5, 2017 by 'Stonian

[Timoric]

Time to put the render here so we don't have to search 13 pages

 

[rechlin]

On 8/11/2014 at 11:06 PM, Urbannizer said:

 

Not really lol.

 

http://www.houstonchronicle.com/business/real-estate/article/Developer-plans-Upper-Kirby-high-rise-project-5682548.php

 

Another rendering from the article:

 

 

Plus here's the other rendering:

[KinkaidAlum]

Looked like they were drilling on-site today. Hard to see with the fencing but definitely lots of activity. 

[KinkaidAlum]

Got a glimpse tonight in the darkness. They've dug a huge hole for either the  foundation pour or maybe even an underground parking level? It's quite large and looks to cover the entire footprint of the building. The wind has torn off the windscreens so you can catch a glimpse but it was too dark to capture a good photo.

[hindesky]

I rode by and happened to talk with a guy. He said it's only going to be one floor deep basement with a podium parking garage, 1 tower crane on the southeast corner. He said they tried to buy the property on the northwest corner but the guy wouldn't sell but he gets $100,000 for having the tower crane boom flying over his property. They are attempting to get Beck's Prime to sell their northeast corner and place them in the GFR. He also said the HEB project will be starting up soon. No trucks will be allowed to to travel west of the corner on Steel St thus protecting the Oak trees, all trucks will enter on Kipling and exit on Steel St. corner near  Kirby heading eastbound only.

 

[SkylineView]

Thanks for the detail Hindesky.  Sounds like a good convo.

[ChannelTwoNews]

From yesterday...

 

 

[Urbannizer]

On 12/24/2017 at 4:52 PM, hindesky said:

I rode by and happened to talk with a guy. He said it's only going to be one floor deep basement with a podium parking garage, 1 tower crane on the southeast corner. He said they tried to buy the property on the northwest corner but the guy wouldn't sell but he gets $100,000 for having the tower crane boom flying over his property. They are attempting to get Beck's Prime to sell their northeast corner and place them in the GFR. He also said the HEB project will be starting up soon. 

 

Giorgetti breaks ground in early 2018. If the HEB mixed-use does break ground soon the three would all rise together at some point. Quite the addition to UK, densifying the area while extending mixed-use southward (Kirby Collection does this as well). 

 

[wxman]

Are the other future developments on this block high rises, too?

[KinkaidAlum]

I still have a dream that someday we'll have a green roof initiative. Imagine that picture with gardens/parks on top of the sprawling apartment buildings and garages. 

[Urbannizer]

https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=351580659&row=2

 

450'

 

Work Schedule: 12/04/2017 to 08/05/2020

[DevelopmentX]

Am I the only frustrated by some of the land deals that adversely affect some of these impressive new developments?

 

1) Asia Society- Yosio Taniguchi had to change the entire orientation of his first ground-up structure in the US due to the fact that the house adjacent wouldn't sell and then they went ahead and sold after the museum was completed.

 

2) Rice Village- This old house owned by Allied Home Health wouldn't initially sell in Rice Village which is why Randall Davis couldn't initially build-out the corner in his failed development that eventually became Hanover's..

 

3) Beck's Prime- first of all - greta burger but dumpy outdated restaurant building. They have help up the site lines for this beautiful development by not selling the land. Honestly, these real estate problems leaves so many of these developments looking hodge podge.

 

[H-Town Man]

21 minutes ago, DevelopmentX said:

Am I the only frustrated by some of the land deals that adversely affect some of these impressive new developments?

 

1) Asia Society- Yosio Taniguchi had to change the entire orientation of his first ground-up structure in the US due to the fact that the house adjacent wouldn't sell and then they went ahead and sold after the museum was completed.

 

2) Rice Village- This old house owned by Allied Home Health wouldn't initially sell in Rice Village which is why Randall Davis couldn't initially build-out the corner in his failed development that eventually became Hanover's..

 

3) Beck's Prime- first of all - greta burger but dumpy outdated restaurant building. They have help up the site lines for this beautiful development by not selling the land. Honestly, these real estate problems leaves so many of these developments looking hodge podge.

 

 

When Hines developed the Galleria there was an office building that wouldn't sell and Hines eventually dug a 30 foot pit around the building on three sides and meanwhile offered them (Michel T. Halbouty) space in a new office building across the street. They sold. Sometimes you just gotta make it worth their while.

 

Edited December 27, 2017 by H-Town Man

[htownbro]

In about 20 years the downtown-upper kirby, greenway plaza, river oaks, galleria skylines should all connect

[hindesky]

6 minutes ago, htownbro said:

In about 20 years the downtown-upper kirby, greenway plaza, river oaks, galleria skylines should all connect

Don't forget Allen Pkwy/Memorial Dr.

[htownbro]

19 minutes ago, hindesky said:

Don't forget Allen Pkwy/Memorial Dr.

 

Oh yea I knew I was forgetting something.

[KinkaidAlum]

THANK GOD Randall Davis didn't develop in the Rice Village. Hanover's two projects are head-and-shoulders above anything he has ever built.

 

Also, I'd rather a city have hodge-podge funky development than just one master-planned thing after another. But, that's just me. I like quirks... like the Dirt Bar to me is more interesting than Green Street or whatever it is called now. 

[bobruss]

What amazes me is this cities resilience with the oil downturn, and Harvey hasn't seemed to put a damper on construction and primarily high end condo and apartment towers just going or coming out of the ground in this residential explosion.

I tried to list all of the new set of residential towers announced:

 

Hanover River Oaks 39 floors

Hanover West Gray The Driscoll 29 floors

Villa Borghese - Borlenghi Tower - old Bammel Lane shops 26 floors

Caydon Properties Main Fannin Mid Town  33floors

Camden Conte 21 floors

Hines Colombe Dior 30 floors

Senior Apartments in Rice Village

The Allen

 

 

 

Under construction:

Arabella

Hanover Post Oak a

Latitude

Marlowe 

Post Oak Fertitta conference center

Thor Equities Kirby

 

 

[bobruss]

This list doesn't include the 3300 Main just north of Match by PM Realty.

30 + floors. I haven't heard anything about this project since they cleared the lot.

 

Or the Museo 54+floor high rise on Fannin and Main on the Mann eye clinic site.

Last I heard they had public hearings to meet with the neighborhood but haven't heard anything from this in a while!

 

Crickets!

[EllenOlenska]

There are a few whispers of an unnamed tower in midtown. 

[marsnasa]

What's the source of the announced projects?

[marsnasa]

1 hour ago, EllenOlenska said:

There are a few whispers of an unnamed tower in midtown. 

Could it be the main street mixed use caydon property? studio red is the architect. 

[KinkaidAlum]

Villa Borghese was cancelled. Kinda sad because they removed that cute cluster of buildings. 

[treblelino]

I'm glad the stucco box was cancelled, looked just like all the other stucco boxes; boring as usual.

[Urbannizer]

3 hours ago, KinkaidAlum said:

Villa Borghese was cancelled. Kinda sad because they removed that cute cluster of buildings. 

 

I wouldnt say cancelled, more so just placed on the back burner until the high-end condo market picks up well enough for the developer. 

 

https://www.bizjournals.com/houston/news/2017/06/08/houston-developer-puts-luxury-condo-tower-in-river.html

 

 

[KinkaidAlum]

Good. I had heard he walked. While the tower is a nothing burger, it's better than a cleared lot. 

[bobruss]

Well, that's a shame. They're always in such a rush to clear the property . Those shops could have remained open for quite a while longer generating taxes, making profits and providing employment and  nice shopping experience in an area that is quickly losing it's neighborhood scale and charm. It goes back to the Texas Eastern slash and burn plan of attack in the east side of downtown in the 70's,  when they started to develop Houston Center.

[Urbannizer]

Tower crane - 575', goes up late next month

 

https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=352291458&row=13

[Urbannizer]

http://www.multifamilybiz.com/PressReleases/7845/HFF_Announces_Capitalization_of_Hanover_River_Oaks...

 

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announces capitalization of Hanover River Oaks, a to-be-built, 39-story, luxury high-rise multi-housing tower in Houston’s Upper Kirby district.

 

HFF worked exclusively on behalf of Hanover Company and institutional investors advised by J.P. Morgan Asset Management to capitalize the equity and construction financing for the development of the project.

 

Hanover River Oaks will consist of 370 residential units with nearly 10,000 square feet of ground-floor retail constructed on a 1.6-acre site at 2930 Kirby Drive.  Situated in the heart of the prestigious River Oaks neighborhood, the iconic tower will provide a true live-work-play experience for residents. 

 

Units will average 1,172 square feet with luxury finishes, including stainless steel appliances, stone countertops, kitchen islands and pantries, garden tubs, walk-in closets, computer niches and/or dry bars, floor-to-ceiling windows, and faux wood and tile flooring throughout.  Property amenities will include a rooftop pool with sunbeds and poolside cabanas, outdoor grilling and dining stations, 24-hour fitness club, clubhouse with lounge seating, catering kitchen with private dining room, private theater, landscaped garden courtyard, water wall garden, pet washing station, 24-hour concierge, controlled-access parking garage and panoramic city views. The project broke ground in December 2017 with the first units expected in the first quarter of 2020.

[urbanize713]

If anyone has HBJ access they have a write up and at least one pic I have not seen before. 

[MaxConcrete]

Quote

The 39-story tower will be built on a 1.6-acre site at 2930 Kirby Drive, which Hanover bought in November 2016. At the time, the developer was aiming to start construction on the $150 million project, designed by Chicago-based architecture firm Solomon Cordwell Buenz, within the subsequent 12 months.

According to HFF, Hanover River Oaks will have 370 residential units and nearly 10,000 square feet of ground-floor retail space. Units will average 1,172 square feet and include such features as stainless steel appliances, stone countertops, garden tubs, computer niches and/or dry bars, floor-to-ceiling windows, and faux-wood and tile flooring throughout.

The first units are expected to be available in the first quarter of 2020, according to HFF.

The tower also will feature a rooftop pool with sunbeds and poolside cabanas, outdoor grilling and dining stations, 24-hour fitness club, clubhouse with lounge seating, catering kitchen with private dining room, private theater, landscaped garden courtyard, water wall garden, pet washing station, 24-hour concierge and controlled-access parking garage, per HFF.

Despite the oil slump, Hanover stuck to the deal because of the site’s prime location a block south of the West Ave mixed-use development, but it faced some challenges along the way. First, a former capital partner pulled its support amid plunging oil prices in early 2015, and Hanover struggled to find another partner willing to finance a luxury apartment tower amid the oil slump. Then, market conditions forced several costly delays to the closing date, the Houston Business Journal previously reported.

 

Edited January 5, 2018 by MaxConcrete

[hindesky]

If they can't get the Beck's Prime site it will really change the build. Beck's site is half of the block fronting Kirby. I guess money talks and they might give them free rent for a while in the GFR if they sell. Beck's property is where the mid rise will be located which would have to be the staging area during the build. Someone here today told me they are building a mock up apartment at the Gables apartment next door and also a leasing office. Excavation is going on now with lots of dump trucks. The trucks aren't allowed to be there till after 8 am and can't sit on Kipling idling in order not to make the Gables residents mad.

 

 

[hindesky]

[htownbro]

On 1/5/2018 at 3:08 PM, MaxConcrete said:

 

This is a nice looking building!

 

[J Money]

I find it odd they didn't put the deck on the south side of the podium to maximize sun exposure and allow for good views of the museum district / med center skylines. Beautiful building though, can't wait to see Upper Kirby continue to grow!