Jump to content
Urbannizer

Australian Developer Planning Five High-Rises for Midtown

Recommended Posts

10 minutes ago, H-Town Man said:

Ralph interviews Joe Russo of Caydon. Phase II begins 1Q 2020. He says they have "Towers A and B worked up." Not sure if the current highrise is Tower A or if we are getting two more towers in Phase II. The weak Australian dollar is a headwind but not a serious problem.

 

http://realtynewsreport.com/2019/06/12/australian-developer-goes-bold-in-midtown-houston-qa-with-caydons-joe-russo/

 

The quote about Towers A and B is in response to a question about Laneways, so it certainly reads as though it's 2 more towers (he said optimistically)

 

edit: twinspeak^

Edited by corbs315
  • Like 3

Share this post


Link to post
Share on other sites
9 minutes ago, H-Town Man said:

Ralph interviews Joe Russo of Caydon. Phase II begins 1Q 2020. He says they have "Towers A and B worked up." Not sure if the current highrise is Tower A or if we are getting two more towers in Phase II. The weak Australian dollar is a headwind but not a serious problem.

 

http://realtynewsreport.com/2019/06/12/australian-developer-goes-bold-in-midtown-houston-qa-with-caydons-joe-russo/

 

Reads to me that Towers A and B are both Laneways, so two for Phase II. I like this guy. Straight shooter and gave good info and not typical sound bites.

  • Like 3

Share this post


Link to post
Share on other sites
Quote
13 minutes ago, thatguysly said:

 

Reads to me that Towers A and B are both Laneways, so two for Phase II. I like this guy. Straight shooter and gave good info and not typical sound bites.

Quote

 

24 minutes ago, H-Town Man said:

Ralph interviews Joe Russo of Caydon. Phase II begins 1Q 2020. He says they have "Towers A and B worked up." Not sure if the current highrise is Tower A or if we are getting two more towers in Phase II. The weak Australian dollar is a headwind but not a serious problem.

 

http://realtynewsreport.com/2019/06/12/australian-developer-goes-bold-in-midtown-houston-qa-with-caydons-joe-russo/

 

From the article:

Quote

Houston Laneways project materials call for a 2.5 million SF mixed-use development spanning three city blocks bordered by Main, Fannin, Tuam and MacGregor streets. 

I get Main, Fannin and Tuam, but MacGregor is further south of Tuam.  Not sure if this is correct.

 

  • Like 2

Share this post


Link to post
Share on other sites
14 minutes ago, CaptainJilliams said:

So 2 more towers for phase II...that makes 3 total including the Drewery.

 

Does that leave 2 more towers for a future phase since the topic for this thread indicates 5 total?

 

That's correct, site plan of Laneways from a brochure posted back in March:

 

 

Also in the brochure (Pg. 9): "Five towers will form the foundation of this residential community with exciting retail offerings on the ground floor"

  • Like 8
  • Thanks 1

Share this post


Link to post
Share on other sites

Five towers? Who even has enough money to build five towers/buildings?

 

This guy has more faith in Midtown than probably half the people on this forum. If this even gets to a completed phase II, and lets say he forgoes the last two buildings, this is still a massively transformative project for that space. And they are close to the "innovation district" so lets say some techie wants to stay at a hotel close by, its going to be his hotel. They want to go to retail? Its probably his shops. 

 

I'm excited, don't take me wrong, but I almost can't believe that they are proceeding with Phase II with as much gusto as that article states. Its almost like Midtown won some kind of lottery. 

Edited by X.R.
  • Like 3

Share this post


Link to post
Share on other sites
4 hours ago, CaptainJilliams said:

So 2 more towers for phase II...that makes 3 total including the Drewery.

 

Does that leave 2 more towers for a future phase since the topic for this thread indicates 5 total?

 

He said in the interview that they will have to see what they do with the last block.

 

  • Like 2
  • Thanks 1

Share this post


Link to post
Share on other sites
37 minutes ago, X.R. said:

Five towers? Who even has enough money to build five towers/buildings?

 

This guy has more faith in Midtown than probably half the people on this forum. If this even gets to a completed phase II, and lets say he forgoes the last two buildings, this is still a massively transformative project for that space. And they are close to the "innovation district" so lets say some techie wants to stay at a hotel close by, its going to be his hotel. They want to go to retail? Its probably his shops. 

 

I'm excited, don't take me wrong, but I almost can't believe that they are proceeding with Phase II with as much gusto as that article states. Its almost like Midtown won some kind of lottery. 

 

This is the plan from the brochure Urby posted a few pages ago:

 

Phase 1.jpg

  • Like 4

Share this post


Link to post
Share on other sites
20 minutes ago, H-Town Man said:

 

You act like this was out in Sealy somewhere. Massive investment has gone into this neighborhood including a zero-setback Whole Foods, Rice University is pouring money out of a firehose a short distance away, and I am fairly certain it leads all neighborhoods in Houston in population growth for the past three decades. The question shouldn't be, "Why is this place getting Uptown-style development," but rather, "Why hasn't it yet?"

 

 

Considering our climate as well, I hope other developments take cues from this development and create more alleys. Theres just not enough cozy shaded walkways to be somewhat comfortable and walk around in the summer months. Once this gets fleshed out, it along with the older developments on Bagby and Gray St. will be the poster childs of how to approach development in this area. Now we just need to get that minimum parking requirement exemption extended and things will really get rolling.

  • Like 7

Share this post


Link to post
Share on other sites

I am not as surprised about the massive investment in midtown. Midtown in the 1980's and into the mid 1990's was derelict and run down. The change in the last twenty years has been amazing. Considering midtown is close to downtown with all it's sports and entertainment venues, the Theater district, Rice U, the museum district, Hermann Park, etc I would be surprised if it had not developed.

  • Like 3

Share this post


Link to post
Share on other sites
2 hours ago, X.R. said:

Five towers? Who even has enough money to build five towers/buildings?

 

This guy has more faith in Midtown than probably half the people on this forum. If this even gets to a completed phase II, and lets say he forgoes the last two buildings, this is still a massively transformative project for that space. And they are close to the "innovation district" so lets say some techie wants to stay at a hotel close by, its going to be his hotel. They want to go to retail? Its probably his shops. 

 

I'm excited, don't take me wrong, but I almost can't believe that they are proceeding with Phase II with as much gusto as that article states. Its almost like Midtown won some kind of lottery. 

 

Someone's living under a rock

  • Like 1
  • Haha 3

Share this post


Link to post
Share on other sites
3 hours ago, Luminare said:

 

Considering our climate as well, I hope other developments take cues from this development and create more alleys. Theres just not enough cozy shaded walkways to be somewhat comfortable and walk around in the summer months. Once this gets fleshed out, it along with the older developments on Bagby and Gray St. will be the poster childs of how to approach development in this area. Now we just need to get that minimum parking requirement exemption extended and things will really get rolling.

I agree regarding the walkways. We just moved offices to Midtown, and I didn’t realize how much hotter my lunchtime walks would be without shade from the skyscrapers to intermittently cower under. 

 

 

  • Like 6

Share this post


Link to post
Share on other sites

Whatever happened to the renderings somebody posted here? I never saw it but I think there were two large towers?

Share this post


Link to post
Share on other sites
22 minutes ago, Triton said:

Whatever happened to the renderings somebody posted here? I never saw it but I think there were two large towers?

 

I believe the company threatened legal action if HAIF didn't take them down. 

Share this post


Link to post
Share on other sites
23 hours ago, H-Town Man said:

 

But that other 0.1% of you wonders if Russo is building this thing all the way down to Hermann Park.

 

You never know with Caydon. These Aussies could single-handedly merge the downtown and med center skylines. 

  • Like 1

Share this post


Link to post
Share on other sites
11 hours ago, Triton said:

Whatever happened to the renderings somebody posted here? I never saw it but I think there were two large towers?

 

11 hours ago, jmitch94 said:

 

I believe the company threatened legal action if HAIF didn't take them down. 

 

This website apparently doesn't care about take-down requests:

https://skyrisecities.com/database/projects/district

  • Like 2
  • Thanks 1

Share this post


Link to post
Share on other sites
17 hours ago, Twinsanity02 said:

I am not as surprised about the massive investment in midtown. Midtown in the 1980's and into the mid 1990's was derelict and run down. The change in the last twenty years has been amazing. Considering midtown is close to downtown with all it's sports and entertainment venues, the Theater district, Rice U, the museum district, Hermann Park, etc I would be surprised if it had not developed.

and proximity to the Medical Center as well!

  • Like 1

Share this post


Link to post
Share on other sites
43 minutes ago, Triton said:

I guess that's what I was kind of asking. Was curious if there was any source out there. But I could have sworn we had different renderings than that?

 

Negative, same renderings.

  • Like 2

Share this post


Link to post
Share on other sites
18 hours ago, H-Town Man said:

 

He said in the interview that they will have to see what they do with the last block.

 

That last block involves the question of whether they purchase the Green Sheet building.

  • Like 1

Share this post


Link to post
Share on other sites
9 minutes ago, Diaspora said:

That last block involves the question of whether they purchase the Green Sheet building.

 

The Greensheet building (1000 McGowen) was purchased by a separate entity back in 2016.

 

 

Renovations have yet to begin which makes me think they are working with Caydon to open up the backside to the Laneway that will lead to the building.

  • Like 1

Share this post


Link to post
Share on other sites

What I really like when I look at the rendering again is that the building that they are finishing up looks exactly like what they have built so far. Hopefully that comes true with the rest of the development. 

  • Like 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...