asubrt Posted April 27, 2019 Author Share Posted April 27, 2019 (edited) There were some trucks on the site yesterday and now there are a few small posts/flags up so I'm hoping that means construction will actually begin soon. Certainly nothing substantial yet though. Edited April 27, 2019 by asubrt 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 4, 2019 Popular Post Share Posted July 4, 2019 This rendering hasn't been posted yet. From the Transwestern propert flyer. https://transwestern.com/property/4411-san-felipe-st 10 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 20, 2019 Share Posted October 20, 2019 Transwestern's signage is up. 6 Quote Link to comment Share on other sites More sharing options...
asubrt Posted October 31, 2019 Author Share Posted October 31, 2019 Fencing has gone up along San Felipe 6 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 2, 2019 Share Posted November 2, 2019 On 10/31/2019 at 8:11 AM, asubrt said: Fencing has gone up along San Felipe 6 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 10, 2019 Share Posted November 10, 2019 5 Quote Link to comment Share on other sites More sharing options...
Popular Post thatguysly Posted November 18, 2019 Popular Post Share Posted November 18, 2019 Tower crane currently being brought onsite. Crane removing pieces from trailers. 10 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted December 1, 2019 Popular Post Share Posted December 1, 2019 Bannering. 10 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 30, 2019 Share Posted December 30, 2019 Article on this @CREguy13 https://www.costar.com/article/2022122266/houston-developer-inches-closer-to-changing-galleria-section-of-city-skyline 2 Quote Link to comment Share on other sites More sharing options...
CREguy13 Posted January 3, 2020 Share Posted January 3, 2020 Costar article: On the heels of wrapping up a high-profile residential skyscraper in Houston's Uptown-Galleria area, DC Partners has more plans to change the skyline in the area. DC Partners plans to break ground next quarter on a 92,340-square-foot office and retail building at 4411 San Felipe St., according to the developer and NAI Partners, which is leasing the building. The seven-story building is expected to be home to DC Partners' future headquarters. The mixed-use building is across the street from Arabella, its recently completed 99-unit condo skyscraper where units start at close to $1 million. The project comes as developers respond to ongoing demand for new office space in mixed-use projects and certain areas of the city, despite a stubbornly high office vacancy rate across the broader Houston metropolitan area. Although Houston has bounced back from the oil bust of 2015, its office vacancy rates remain the highest in the country at 16.4%, according to CoStar data. Yet office tenants continue to seek newer buildings in a so-called flight-to-quality, spurring developers to pour money into building new office towers even as large swaths of space sit vacant in some areas of Houston. In total, the 4411 San Felipe project has roughly 79,035 square feet of office space and about 17,000 square feet of retail. For the office space, about 50,000 square feet is still available, said David Bateman, senior vice president office project leasing with NAI Partners. DC Partners and NAI Partners declined to disclose any signed tenants. DC Partners plans to move its headquarters to the site from its existing headquarters at 2506 W. Main St. in the Greenway Plaza area, where it leases about 3,000 square feet of space, according to CoStar data. The San Felipe office project is designed to have three levels of parking with valet parking services, and an outdoor terrace with landscaping and views of Houston skylines. The building is just north of the River Oaks District, a 650,000-square-foot open-air retail center with high-end tenants such as Cartier, Harry Winston, Baccarat and Dior. Project cost estimates were not disclosed for 4411 San Felipe. Although the Uptown-Galleria area has a vacancy rate of 16.7%, brokers and developers are saying they’re seeing demand for newer office space in the area known as Houston's second commercial business district. "The trend for years now has been the flight-to-quality in Houston and that's true in Uptown/River Oaks District in particular. [Quality] in my definition doesn’t necessarily mean nicer or newer, it means better access, more efficient use of the site, better, efficient floor plates, new modern, bright finishes," Bateman said. He pointed to his own company as an example of how finding newer space with the right square footage in the Uptown area can be a challenge. At the time, there were "very few options" for roughly 20,000 square feet of newer space with "modern, updated amenities" in the Galleria, Bateman said. "We have first-hand experience," he said. NAI Partners ended up in about 20,300 square feet at 1360 Post Oak Blvd. After a big burst in construction activity that pushed up the Galleria’s total office inventory by about 11% from 2010 to 2017, new office construction in the area has slowed considerably this year, according to CoStar data. There is just about 133,000 square feet of new office construction in the area, including a 68,000-square-foot building as part of Zadok Jewelers’ mixed-use project, according to CoStar data. That compares to 1.3 million square feet of new office construction taking place in downtown, Houston’s other busiest commercial district. Nearby, a 210,000-square-foot building, called 200 Park Place, at 4200 Westheimer is underway by Stonelake Capital Partners. The 411 San Felipe building is expected to be completed in the first quarter of 2021, 200 Park Place should be completed around March 2020 and Zadok Jewelers building is expected to be done at the end of 2020. DC Partners first announced the mid-rise office building in 2018, and it even received some initial building permits, according to city of Houston documents. The project initially was supposed to break ground in September 2018, according to state documents. A DC Partners spokeswoman said the gap in time from proposing the project until now arose as the group was exploring multiple options with tenants. Also since then, DC Partners has been busy with several projects, including completing construction at Arabella and pre-development for The Allen, a $500 million mixed-use, six-acre project by Buffalo Bayou, which recently broke ground. Initial plans for the Allen include a condominium-hotel high-rise, but the developer expects to add one or possibly two additional office structures in future phases of the project along Allen Parkway. It is one of the many new mixed-use developments in the works for the Buffalo Bayou area spurred by the $58 million revitalization of the river. Meanwhile, Hanover and Lionstone Investments are also breaking ground on the first phase of a 13.5-acre mixed-project by Buffalo Bayou, which also could include about 300,000 square feet of office space. 9 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted February 1, 2020 Popular Post Share Posted February 1, 2020 New rendering posted on their instagram. https://www.instagram.com/p/B73_OQEFcQ9/ 10 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 9, 2020 Popular Post Share Posted July 9, 2020 Building permit issued. 10 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted December 13, 2020 Popular Post Share Posted December 13, 2020 Equipment on site. Breaking ground this week? 12 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted December 18, 2020 Share Posted December 18, 2020 https://www.businesswire.com/news/home/20201218005406/en/3650-REIT-Originates-31M-Loan-to-Construct-Mixed-Use-Houston-Project 3650 REIT, a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers, is pleased to announce it has originated a $31 million loan for the construction of 4411 San Felipe, a 95,000-square-foot mixed-use project consisting of retail and office space located at 4411 San Felipe Street in Houston, Texas. The loan carries a term of 30 months and is provided to sponsor DC Partners, a Houston-based development and investment firm with a portfolio comprising 1.5 million square feet and $500 million currently in development. 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted December 20, 2020 Share Posted December 20, 2020 This has broken ground. 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted January 11, 2021 Share Posted January 11, 2021 7 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted January 12, 2021 Share Posted January 12, 2021 It would be great to see that Target become part of a bigger mixed use development. 6 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted January 25, 2021 Popular Post Share Posted January 25, 2021 Tower crane is up. 12 Quote Link to comment Share on other sites More sharing options...
gene Posted January 25, 2021 Share Posted January 25, 2021 it is blowing my mind how much development has happened in this area on this side of the freeway since River Oaks District was created...wowsa can we now get an upgraded (and cheaper) gas station to that adjacent corner OR just do away with one altogether? 🙃 7 Quote Link to comment Share on other sites More sharing options...
X.R. Posted January 25, 2021 Share Posted January 25, 2021 3 hours ago, gene said: it is blowing my mind how much development has happened in this area on this side of the freeway since River Oaks District was created...wowsa can we now get an upgraded (and cheaper) gas station to that adjacent corner OR just do away with one altogether? 🙃 That Chevron's gas prices are ghastly. That stretch of San Felipe is wild. It starts with a tiny gas station then goes high-rise going up, already built high rise, another high rise, this site, one of the busiest targets in town, mid-rise apartments, thennnnn suburban-style residential. If anyone doubted what the galeria-area/uptown will become, whats happening on San Felipe should show let everyone know that things are getting super dense. When I take the back roads home, I fee like its kind of apparent the influence this has on the surrounding areas, including the apartment by that central market on westheimer and the apartments going up across from roka akur. Just an incredible amount of development. 2 2 Quote Link to comment Share on other sites More sharing options...
thatguysly Posted January 25, 2021 Share Posted January 25, 2021 4 hours ago, gene said: it is blowing my mind how much development has happened in this area on this side of the freeway since River Oaks District was created...wowsa can we now get an upgraded (and cheaper) gas station to that adjacent corner OR just do away with one altogether? 🙃 Do away with it since the have been price gouging for years. 2 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted January 31, 2021 Share Posted January 31, 2021 Moving fast! 6 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted February 1, 2021 Popular Post Share Posted February 1, 2021 60% leased https://www.houstonchronicle.com/business/real-estate/amp/DC-Partners-unveils-tenants-at-San-Felipe-project-15908429.php 9 1 Quote Link to comment Share on other sites More sharing options...
thatguysly Posted February 1, 2021 Share Posted February 1, 2021 I still feel this is a brilliant move by RD. He protects all the eastern views from his condos, gets good use out for the property, and covers his ugly podium all in one move. 6 2 Quote Link to comment Share on other sites More sharing options...
J Money Posted February 1, 2021 Share Posted February 1, 2021 1 hour ago, thatguysly said: I still feel this is a brilliant move by RD. He protects all the eastern views from his condos, gets good use out for the property, and covers his ugly podium all in one move. Agreed. Say what you will about his designs, but the man's not dumb. 1 Quote Link to comment Share on other sites More sharing options...
Texasota Posted February 1, 2021 Share Posted February 1, 2021 He protects the eastern views except for the view of the roof of the new building. It looks like zero effort was put into that. He should should have put a mechanical deck lower against the existing parking garage and made the roof an amenity deck. Quote Link to comment Share on other sites More sharing options...
LBC2HTX Posted February 1, 2021 Share Posted February 1, 2021 You realize there a big parking lot that they were otherwise looking at. No one is looking down anyway. 1 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted February 8, 2021 Share Posted February 8, 2021 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted February 22, 2021 Share Posted February 22, 2021 9 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 7, 2021 Share Posted March 7, 2021 New renderings on Loopnet. https://www.loopnet.com/Listing/4411-San-Felipe-St-Houston-TX/17782555/ 9 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 8, 2021 Share Posted March 8, 2021 6 Quote Link to comment Share on other sites More sharing options...
gene Posted March 8, 2021 Share Posted March 8, 2021 On 3/6/2021 at 9:32 PM, Highrise Tower said: New renderings on Loopnet. https://www.loopnet.com/Listing/4411-San-Felipe-St-Houston-TX/17782555/ that second and third photo look like rooms filled with 1980's decor...but i am sure it will look better once done and in person ;) 2 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 15, 2021 Share Posted March 15, 2021 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 22, 2021 Share Posted March 22, 2021 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted March 29, 2021 Share Posted March 29, 2021 The white wall will soon be covered up. 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted April 12, 2021 Share Posted April 12, 2021 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted April 19, 2021 Share Posted April 19, 2021 8 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted April 26, 2021 Share Posted April 26, 2021 9 Quote Link to comment Share on other sites More sharing options...
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Highrise Tower Posted June 13, 2021 Share Posted June 13, 2021 7 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 28, 2021 Share Posted June 28, 2021 Getting tall! Will top out in a month. 6 2 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 6, 2021 Popular Post Share Posted July 6, 2021 The white wall has been covered up. 11 Quote Link to comment Share on other sites More sharing options...
gene Posted July 6, 2021 Share Posted July 6, 2021 i gotta say though...that wacky building irritated me at first with it's seemingly no rhyme or reason pattern but somehow it became my favorite building, kooky, i know!!! 🤪 2 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted July 19, 2021 Share Posted July 19, 2021 8 Quote Link to comment Share on other sites More sharing options...
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Highrise Tower Posted September 26, 2021 Share Posted September 26, 2021 Advancial Federal Credit Union. 3 Quote Link to comment Share on other sites More sharing options...
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Highrise Tower Posted October 10, 2021 Share Posted October 10, 2021 Ciel Restaurant + Lounge. 6 Quote Link to comment Share on other sites More sharing options...
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