s3mh Posted March 20, 2017 Share Posted March 20, 2017 http://www.loopnet.com/Listing/20224122/500-600-Blocks-of-West-19th-20th-Houston-TX/ Ohhhh the potential for that block! I have always wondered what in the world Chase was thinking holding on to that giant retail drive through and oversized bank building in the age of the internet. 2 Quote Link to comment Share on other sites More sharing options...
Angostura Posted March 21, 2017 Share Posted March 21, 2017 Most likely outcome is a few-hundred units of MF residential, but maybe we'll get some retail, too. Quote Link to comment Share on other sites More sharing options...
EllenOlenska Posted March 23, 2017 Share Posted March 23, 2017 I posted this in the Nicholson going up thread, but it more properly goes here. Chase keeping some of the parcel to build on. http://www.houstonchronicle.com/business/real-estate/article/Chase-bank-puts-Heights-land-up-for-sale-11019760.php Quote Link to comment Share on other sites More sharing options...
Evil Developer Posted March 23, 2017 Share Posted March 23, 2017 they are keeping the southeast quadrant of the block where the motor bank building is now. hopefully they do some pedestrian friendly retail on the ground floor. it is going to have a parking structure, and likely several stories, given the land price they are looking for. high rise office here doesn't make sense really, so likely apartments. Quote Link to comment Share on other sites More sharing options...
s3mh Posted March 23, 2017 Author Share Posted March 23, 2017 There are rumors that Alliance will take the property to use for multifamily and sell off the water works properties. Quote Link to comment Share on other sites More sharing options...
Angostura Posted March 24, 2017 Share Posted March 24, 2017 It makes a lot more sense to combine the water works site w/ another retail or mixed-use building across Nicholson, rather than the catty-corner site on the NW corner of 20th and Nicholson, since a lot of the parking for the restaurants/retail on the waterworks site would have had to go on the companion site. Best case scenario is that the Chase branch is a GFR tenant of a residential building on that site, not a standalone building. Other potential use would be another medical/professional building. Quote Link to comment Share on other sites More sharing options...
s3mh Posted June 8, 2017 Author Share Posted June 8, 2017 http://www.chron.com/business/real-estate/article/Heights-waterworks-plan-now-includes-retail-11206224.php Look like Alliance is buying the Chase property in addition to the empty lot north of 20th while flipping the waterworks site to Braun. 4 Quote Link to comment Share on other sites More sharing options...
mcook2002 Posted June 8, 2017 Share Posted June 8, 2017 wow thats huge. Quote Link to comment Share on other sites More sharing options...
HNathoo Posted June 9, 2017 Share Posted June 9, 2017 Wow, this is the second time Alliance has picked up a piece of dirt from the COH and flipped off a piece to another developer. These guys seem to know the system pretty well. Quote Link to comment Share on other sites More sharing options...
EllenOlenska Posted May 7, 2018 Share Posted May 7, 2018 So, as I mentioned in the Midrise/waterworks building thread, Chase Bank took out the ATMs at the drive through ATM spot on the eastern block last week. Today I drove by and saw that the southern two-thirds of the east block where the ATMs sit are fenced off and they are currently demolishing things. 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted May 9, 2018 Share Posted May 9, 2018 On 5/7/2018 at 5:04 PM, EllenOlenska said: So, as I mentioned in the Midrise/waterworks building thread, Chase Bank took out the ATMs at the drive through ATM spot on the eastern block last week. Today I drove by and saw that the southern two-thirds of the east block where the ATMs sit are fenced off and they are currently demolishing things. So, is the main building staying? If so, any sign they are going to build a new set of drive thru ATMs? Quote Link to comment Share on other sites More sharing options...
Angostura Posted May 9, 2018 Share Posted May 9, 2018 1 hour ago, Triton said: So, is the main building staying? If so, any sign they are going to build a new set of drive thru ATMs? My understanding is that the main building will stay for now. A new Chase building will be built on the SE corner of the block, at the corner of 19th and Nicholson, and the other 3/4 of the block, including the current bank building, will eventually be sold for development. I haven't seen plans for the new bank building. 1 1 Quote Link to comment Share on other sites More sharing options...
EllenOlenska Posted May 9, 2018 Share Posted May 9, 2018 Yeah, so my understanding was Angostura's understanding: that the SE corner (the one fence off) will be the site of the new Chase building, and the big brown brick building will be sold off. There's a pavilion on the north side of that east block (I think of them as two blocks) that might have an ATM, I've never checked. That Chase building and corresponding parking lot is huge. 1 Quote Link to comment Share on other sites More sharing options...
mkultra25 Posted May 9, 2018 Share Posted May 9, 2018 4 hours ago, EllenOlenska said: That Chase building and corresponding parking lot is huge. That's the same thing I said to my wife when we walked the dog by there a couple of days ago to check things out. Its size and space utilization are clearly relics of the 1970s - the staff will no doubt have to get used to much smaller office spaces in the new building. Quote Link to comment Share on other sites More sharing options...
Angostura Posted May 10, 2018 Share Posted May 10, 2018 14 hours ago, mkultra25 said: That's the same thing I said to my wife when we walked the dog by there a couple of days ago to check things out. Its size and space utilization are clearly relics of the 1970s - the staff will no doubt have to get used to much smaller office spaces in the new building. I think when Alliance paid as much as they did for the Waterworks site, it caused Chase to look at the opportunity cost of holding that much land for such a low-density use. Whether or not they reduce their actual useful square footage depends on how they build. The land retained by Chase includes the 19th St frontage from Nicholson up to and including one of the two small bungalow-shaped buildings (the one without the tacked-on brick facade). That's about half again as big as the current bank building footprint. However, included with the land transferred to a separate LLC are the parking lots across 19th (~60 spaces) and across Lawrence (~24 spaces) from the site. If they go for structured parking and build 3-4 stories, they'll probably end up with about the same square footage. Otherwise, they just build a neighborhood bank branch with surface parking and relocate the other staff. If I had to guess, I'd expect it to be the former. If all they wanted to build is a neighborhood bank branch, then they wouldn't need that big a footprint. They could just negotiate a lease in whatever the new developer builds. Quote Link to comment Share on other sites More sharing options...
EllenOlenska Posted May 10, 2018 Share Posted May 10, 2018 It must have been those two bungalows I saw being torn down. Quote Link to comment Share on other sites More sharing options...
Angostura Posted May 10, 2018 Share Posted May 10, 2018 One other thing: No idea what will be built here, but it'd be really nice if it included some kind of structured parking, rather than surface parking. If you put a 4-story parking structure on 1/4 of this block, you'd have enough space for ~500 cars, which would be enough to serve the entire development, plus the new bank, plus the Waterworks site across Nicholson. That would allow for development of the new surface lot going into the Waterworks site, and activate more pedestrian activity along this stretch of 19th. Quote Link to comment Share on other sites More sharing options...
Angostura Posted June 18, 2018 Share Posted June 18, 2018 The Braun flyer for the Waterworks development shows the Chase site as "future multifamily development". https://static1.squarespace.com/static/58cc240cbf629aaf4858104e/t/5aa2a7340852292620ddfae5/1520609090180/Braun+Enterprises+-+Heights+Waterworks.pdf 1 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted October 22, 2018 Share Posted October 22, 2018 445 units by Greystar Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted October 23, 2018 Share Posted October 23, 2018 Wow that's a lot of units, has to be a high-rise right? I'm not sure how a high-rise fits in with this area. Quote Link to comment Share on other sites More sharing options...
innerloop Posted October 23, 2018 Share Posted October 23, 2018 12 minutes ago, CREguy13 said: I'm not sure how a high-rise fits in with this area. If we're going to have them then that is the place: downtown, always been commercial, not towering over many single family homes. Quote Link to comment Share on other sites More sharing options...
Angostura Posted October 23, 2018 Share Posted October 23, 2018 35 minutes ago, CREguy13 said: Wow that's a lot of units, has to be a high-rise right? I'm not sure how a high-rise fits in with this area. Mid rise, I'd guess. On that site, you can probably fit that many units in 5 stories. Quote Link to comment Share on other sites More sharing options...
LBC2HTX Posted October 23, 2018 Share Posted October 23, 2018 5 minutes ago, Angostura said: Mid rise, I'd guess. On that site, you can probably fit that many units in 5 stories. https://www.bizjournals.com/houston/news/2018/06/04/developer-new-heights-waterworks-apartments-will.html Broadstone Waterworks is going to be 8 stories with 309 units. 45% more units with about 40% more land. More units = more parking so depends on how they do the parking (podium or separate structure). If parking is a separate structure then it'll probably be 8-10 stories. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted March 6, 2019 Share Posted March 6, 2019 Construction expected to begin next quarter (Q2) 4 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted March 22, 2019 Share Posted March 22, 2019 Work begins in April. Anyone have full access? https://www.bizjournals.com/houston/news/2019/03/22/more-apartments-coming-a-block-from-heights.html?iana=hpmvp_hstn_news_headline 1 Quote Link to comment Share on other sites More sharing options...
rechlin Posted March 23, 2019 Share Posted March 23, 2019 Quote As early as next month, work could begin to convert land in the Heights that used to be part of a JPMorgan Chase & Co. (NYSE: JPM) location into a new apartment development. A filing on the Texas licensing and regulation website shows an entity named 19th Street Property plans to start construction April 1 on Chase Heights at 512 W. 20th St. The document shows an estimated cost of $72 million for the first phase of the project with Houston-based Meeks + Partners listed as the design firm. Requests for comment from Greystar weren’t immediately returned. The Chase Heights apartment project will be less than a block away from Houston-based Braun Enterprises' Heights Waterworks redevelopment project, which includes restaurants and retailers. A portion of the historic property will house Phoenix-based Alliance Residential's Broadstone Waterworks apartments, which are expected to begin leasing later this year. In December 2016, Alliance bought two tracts of land totaling almost 4 acres from the city of Houston for $15.02 million. The site featured a 750,000-gallon brick reservoir building from 1928 that is listed on the National Register of Historic Places, a 1939 Art Deco pumping station built by the Works Progress Administration and a 1949 pumping station, HBJ previously reported. Alliance then sold part of the property to Braun Enterprises for the restaurant and retail portion. The Heights-Washington Avenue submarket has seven projects under construction, according to data as of Dec. 18 compiled by Houston-based ApartmentData.com. Meanwhile, Greystar's portfolio includes numerous apartment communities across the greater Houston area. Latitude Med Center, Greystar’s first true high-rise in Houston, got its first tenants in July 2018. The 35-story high-rise is part of a dual hotel and apartment project with Houston-based Medistar Corp. 2 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted May 14, 2019 Share Posted May 14, 2019 We're now into May and no start yet, but there's progress. Senior Living and Multifamily, 415 units https://houston.novusagenda.com/agendapublic/CoverSheet.aspx?ItemID=16455&MeetingID=361 19th Street Property, LLC, the underlying fee property owner, requested the abandonment and sale of a variable width utility easement, from Lawrence Street to Nicholson Street, located within Block 92 of the Houston Heights Addition, out of the John Austin Survey, A-1. The applicant plans to incorporate the subject utility easement into the property to develop a 160-unit senior living facility and 255 multi-family units. The Joint Referral Committee reviewed and approved the request subject to the conveyance to the City of a 15-foot wide sanitary sewer easement. 19thStreet Property, LLC has complied with the transaction requirements and has accepted the City's offer. The City will abandon and sell to 19th Street Property, LLC: 5 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted June 12, 2019 Popular Post Share Posted June 12, 2019 https://www.facebook.com/MeeksPartners/photos/a.371100272905950/2768212819861338/?type=3&theater Construction recently commenced at "Chase” Heights Phase 1 in Houston, TX. Another great project with Greystar of 152 luxury apartments across 12 stories with 9 levels of load bearing metal stud over a 3-level concrete garage. 22 2 1 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted June 12, 2019 Share Posted June 12, 2019 Holy moly, huge development given the location. I'm just not sure how I feel about a midrise development going up along 19th street, wonder if it will clash with the feel of the neighborhood. It's still a beautiful building. 3 Quote Link to comment Share on other sites More sharing options...
Luminare Posted June 12, 2019 Share Posted June 12, 2019 16 minutes ago, CaptainJilliams said: Holy moly, huge development given the location. I'm just not sure how I feel about a midrise development going up along 19th street, wonder if it will clash with the feel of the neighborhood. It's still a beautiful building. Understandable, but this will only add to the neighborhood. Plus, would you rather have more things that look like this or things that look like that old Houston Heights Tower down the street? haha If it looked something like that then I would say no, but something that is much more urban like this then yes. My hope is that there are a few big ones like this, but that some point the neighborhood introduces a height cap at around 6-8 stories. 6-8 stories is a good fit for this area. 6 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.