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Parrothead

Town & Country/City Centre *update*

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I was just about to come on here and mention this because I remember the discussion that was going on about it last week. I wouldn't be surpised if more stuff in the area gets torn down and becomes apart of the City Centre/Town Centre development.

 

City Centre is growing! 

 

http://blog.chron.com/primeproperty/2013/08/citycentre-to-include-sheraton-hotel/?cmpid=hpts

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Does anyone think they will eventually tear down the four points?

 

I think that they'll renovate it and integrate it into the project.  Makes complete sense to have a mid-price hotel attached to it.

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My take on the Four Points is something like this:  no matter how many times you reapply lipstick to a pig ...

 

Perhaps a mid-price hotel would make a nice addition to City Centre, but I'm not sure that exact location would be successful.  Also, it doesn't seem that Midway Co's target demographic would want anyone to think they would settle for "mid-price" anything.  

 

So ... while I admit that I'm not in a position to give a cost/benefit analysis of such a project, I think the FP location is significantly less than ideal for a hotel in either the mid or high ranges.  But, nevertheless, it's there.  Would it make more sense to demolish it and put that particular parcel to other use?  

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I think that they'll renovate it and integrate it into the project.  Makes complete sense to have a mid-price hotel attached to it.

 

They have a modest amount of conference space there as well.  That will prove usefull as things develop, especially if they rennovate and expand it.

 

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They have already made one modification. They removed the smaller "At Memorial City" signs underneath the "Sheraton Four Points" signs on the building. I always thought that was kind of strange since the hotel is next to City Centre and Memorial City is a couple of miles away. 

 

The history and competition between Memorial City and Town and Country Center/ Town and Country Mall/ now City Centre is fascinating.  Just one exit apart on I-10, the developments have each had periods of boom and bust, and now it looks like both are thriving.          

 

Regarding the Sheraton, I haven't been in any of the rooms, but the lobby is very nice. The hotel sure is close to the freeway ramps, though. Somebody that stayed there told me you can still hear the traffic even in the rooms on the non-freeway side.

 

What's really weird is that little park next to the hotel. I've never seen anybody use it. There's a nice gazebo there, if you don't mind having a picnic underneath the freeway. .  

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The new Country Playhouse

 

https://www.facebook.com/pages/The-Country-Playhouse/102504436569

 

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I know that over the last few months (probably longer) there have been many rumors and speculation swirling around about what the future of our organization would be. Well, the wheels have been moving on what has turned out to be an extremely busy 2013. It can now officially be announced that Country Playhouse has entered into an agreement with Moody RambinInterests where they will acquire a portion of our current property. A new 10 story office complex called Town Center 1 is going to be built at the corner of Town and Country Boulevard and Queensbury Lane. Where our building currently sits will become a garage that will have parking for approximately 1500 cars. This means that our current building will be demolished sometime between the middle to end of August in order to facilitate this redevelopment.

As part of the agreement in this new development, Moody Rambin will be constructing a brand new 22,000 square foot top of the line theater for us. The new main stage will seat approximately 225-250 in a multi level seating arrangement. We will also have a black box performance space with seating for around 80. In addition to these two new performance spaces, we will have a full rehearsal hall, a conference room for design and production meetings, office space and full ADA compliance. The timeline for a project of this magnitude is somewhat of a work in progress, but tentatively we should be taking possession of our new facility sometime in the fall of 2014.

 

Kirksey is the architect. 

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In addition to the fence now up around the old Luby's in City Centre - which is about to be demolished to make way for another 8-10 story tower.

 

 

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Town Centre One is coming along! That is going to be a quality urban development.

 

13848784985_b56e4dd5d9_h.jpg

 

you can see the theater pad on the left, the garage coming out of the ground in the back, and the courtyard area in the middle.

Edited by Greens!
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I saw them doing some drilling with a portable crane at City Centre today.. Anyone know what that's for/was it taking soil samples for a new building?

Couldn't get a picture fast enough as I drove by.. You can see the top of the mobile crane though

8735B887-5B76-4774-9E98-150017FC2104_zps

Edited by cloud713
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They so need rail or some kind of trolley street car system in this entire area from Memorial City Mall to beltway 8. They are really missing a great opportunity here.

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I work at one of the Town & Country office buildings off the feeder of I-10W and the Beltway, and the rumors are flying this week that Midway has finally purchased these 3 aging buildings, which would extend CityCentre to it's logical Northern boundary. Can anyone out there in commercial real estate land lend any credence to this info?

 

https://www.google.com/maps/@29.782978,-95.56077,3a,75y,109.14h,88.97t/data=!3m4!1e1!3m2!1s44kLYGYUYFic4SYtsI3t4Q!2e0

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I work at one of the Town & Country office buildings off the feeder of I-10W and the Beltway, and the rumors are flying this week that Midway has finally purchased these 3 aging buildings, which would extend CityCentre to it's logical Northern boundary. Can anyone out there in commercial real estate land lend any credence to this info?

 

https://www.google.com/maps/@29.782978,-95.56077,3a,75y,109.14h,88.97t/data=!3m4!1e1!3m2!1s44kLYGYUYFic4SYtsI3t4Q!2e0

 

this is correct.

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That's good news.  How about the old strip center between the T&C office buildings and the Sheraton Four Points Hotel (or whatever it is now)?  To me, it's been kinda creepy for awhile, especially after hearing about someone being shot to death during a robbery (or some such) there some years ago.

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CityCentre is going to be huge.

 

No kidding! Look at all the additions to this area going in! (Sheraton not really an addition in a 'new building' sense). 

post-12487-0-54059300-1400177466_thumb.j

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They so need rail or some kind of trolley street car system in this entire area from Memorial City Mall to beltway 8. They are really missing a great opportunity here.

 

You have to imagine that eventually Memorial City and City Centre will merge together to form a large mix-use / urban like environment. 

The existing residential, Beltway 8, and I-10 will be natural barriers, but I can see it expand along the frontage of I10.

 

I think we can talk about rail when that happens. Anything b/f then is wishful thinking.

 

Does Metro's new bus plan call for a Frequent bus route between these two areas? I'll have to look again to see.

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You have to imagine that eventually Memorial City and City Centre will merge together to form a large mix-use / urban like environment. 

The existing residential, Beltway 8, and I-10 will be natural barriers, but I can see it expand along the frontage of I10.

 

I think we can talk about rail when that happens. Anything b/f then is wishful thinking.

 

Does Metro's new bus plan call for a Frequent bus route between these two areas? I'll have to look again to see.

 

The new plan only hits Memorial City with a frequent route.  There's a connection between the two, but it's green which means 60 min or so between buses.

 

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They should buy all of the I-10 feeder property and plant a thick little forest of trees trees to buffer the development from the freeway. It just doesn't seem that cool when you look over and a freeway is right in your face.

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In all honestly we really should at some point get away from so much activity facing the frontage roads. The city of Houston should have established a large bufferzone between the highway and developments along the freeway to help with general noise control, views, traffic on the frontage roads themselves, and put more importance on inner streets instead of making the highways de facto main streets (which isn't what a highway is suppose to do). Anyway getting off topic, sorta, like the idea of a forest buffer and a growing connection between city centre and memorial. Memorial however needs to determine an urban core. It still looks way to attached to the highway and is still a sea of parking lots.

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New townhomes right next to this project above:

 

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this is correct.

 

Thanks for the confirmation! One of the office management people said that the asking price was $35 million. These buildings are ready to come down- creaky windows, dated interiors, leaky plumbing, a/c that works sometimes and too well on others while the fourth floor tenants sweat it out on Summer days. I'll be glad to pack up and move.

Edited by Hobbes

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That's good news.  How about the old strip center between the T&C office buildings and the Sheraton Four Points Hotel (or whatever it is now)?  To me, it's been kinda creepy for awhile, especially after hearing about someone being shot to death during a robbery (or some such) there some years ago.

 

I'd guess it will go soon if the 3 T&C buildings are done. There's also a small parcel that used to have a bank drive thru on it that was cleared a couple of months ago for office space that wasn't noted on the map posted above (between the Studio Movie Grill and the Alvin Gee next to the strip center.

PhO8BPr.jpg

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They so need rail or some kind of trolley street car system in this entire area from Memorial City Mall to beltway 8. They are really missing a great opportunity here.

Completely agree. Should follow Richmond from UT to the Beltway and connect with the Briar Lakes area and continue to Memorial City and work it's way west through the EC. Would be a perfect opportunity to do so.

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I am confused.  Are those renderings?  They don't look quite real, but there are no Audis.

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http://www.bisnow.com/commercial-real-estate/houston/2055-another-full-city-centre-tower/

 

 

Laredo Energy leased 12k SF in City Centre 4, bringing the year-old building to 100% occupancy. (Not a square foot to spare.)

 

Colvill VP Marilyn Guion, who repped landlord Midway with her colleagues Michael Anderson and Connor Saxe, tells us the firm is relocating its HQ into the 120k SF, Class-A building. Cresa's André Granello and Gary Lawless repped the tenant. But Marilyn and team can't rest on its full-building laurels—Midway recently broke ground on CityCentre Five. (It's the Hollywood mentality: as long as you can put butts in seats, keep making sequels.) 

 

Midway EVP of development Shon Link updated us on CityCentre's office situation. The 450k SF of existing office has only 9k SF available. 200k SF CityCenter Five (825 Town & Country Way) is already 65% pre-leased and is opening Q2. He anticipates making an announcement this fall about what's next after CityCenter Five (psst, it's likely another office development). Shon also tells us leasing velocity has picked up on the retail component—there are serious talks for every vacancy. 

 

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That looks SO out of place for that location. Who's the developer? Bet it's not midway

Polllan Hausman Real Estate.

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CityPoint Tower: 909 Town & Country Blvd. 5-floors of parking and 4-floors of office space.

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More room for cats than people. Seem to me that the architecture of this building doesn't fit the rest of the development.

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