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phillip_white

Rice University Buying Block 442

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Can someone help me out with identifying Block 442? I came across mention of this in the MRA meeting minutes:

 

Quote

BLOCK 442 DEED AMENDMENT. Matt Thibodeaux, Executive Director, reported the Agreement between the Midtown Redevelopment Authority and Rice University for the purchase of Block 442 showed listed permitted uses of the property did not include parking of motor vehicles. Currently Rice University is requesting to amend the deed to include motor vehicle parking on Block 442. Director Dudley made a motion to authorize an attorney to amend the deed for Block 442 to include motor vehicle parking. The motion was seconded by Director Fenz and carried by unanimous vote.

 

https://midtownhouston.com/wp-content/uploads/2018/07/MRA-Board-packet-07.26.2018-WEBSITE.pdf

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2 hours ago, corbs315 said:

closest thing I could find is here, and I can't figure out the rhyme or reason for the numbers anyway. So, no-ish.

 

https://www.downtownhouston.org/site_media/uploads/attachments/2014-01-06/Block_Map_2014_1.pdf

 

 

My best guess using that map is the block just south of Block 415... but according the Milhaus Houston thread, the two blocks being developed there are 436 & 437.

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It's the block across the street from 2016 Main, to the South. Look for 2109 Travis on HCAD. this is for Block 442 SSBB, not Block 442 NSBB, which is on Lubbock Street. For teh uninitiated, SSBB is South Side Buffalo Bayou, NSBB is North Side Buffalo Bayou.

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13 hours ago, Ross said:

It's the block across the street from 2016 Main, to the South. Look for 2109 Travis on HCAD. this is for Block 442 SSBB, not Block 442 NSBB, which is on Lubbock Street. For teh uninitiated, SSBB is South Side Buffalo Bayou, NSBB is North Side Buffalo Bayou.

 

Thanks, Ross. That would make sense. Now the question would be: Why is Rice so concerned about the deed restrictions mentioning parking?

 

Perhaps they intend to follow the strategy of building a parking podium until the market necessitates a shiny tower on top?

 

Never mind. Just found this from 2015:

 

Quote

Block 442

During fiscal year 2014 the Authority purchased a parcel of property within Midtown TIRZ to facilitate the development of the property in a manner consistent with its project plan.    The Authority then entered into an option contract in April 2014 with William Marsh Rice University (the University) to purchase the property, as defined in the agreement, from the Authority for the purpose of building student or employee housing. The purchase prices will be determined based on costs incurred by the Authority for acquisition, management and environmental remediation.

 

https://midtownhouston.com/wp-content/uploads/2015/04/Midtown-Redevelopment-Authority-TX-Tax-Increment-Contract-Rev-Ref-Bonds....pdf

Edited by phillip_white

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11 hours ago, phillip_white said:

 

Thanks, Ross. That would make sense. Now the question would be: Why is Rice so concerned about the deed restrictions mentioning parking?

 

Perhaps they intend to follow the strategy of building a parking podium until the market necessitates a shiny tower on top?

 

Never mind. Just found this from 2015:

 

 

https://midtownhouston.com/wp-content/uploads/2015/04/Midtown-Redevelopment-Authority-TX-Tax-Increment-Contract-Rev-Ref-Bonds....pdf

 

11 hours ago, corbs315 said:

Hmm, according to the ownership history Rice has owned the lot since 1994.

Rice has owned the Southern half plus the south half of the NW 1/4 since 1994. the Midtown property that Rice bought is the NE 1/4. The rest of the block is owned by Enterprise Car Rental.

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