Popular Post Paco Jones Posted September 6, 2022 Popular Post Share Posted September 6, 2022 The lighter shade of trees are existing, while the darker noted (with green dot in middle) are going to be new. 21 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted September 11, 2022 Popular Post Share Posted September 11, 2022 Lot is cleared except for a few pieces of metal and plastic barrels. Silt screen has been added. 15 Quote Link to comment Share on other sites More sharing options...
hindesky Posted September 14, 2022 Share Posted September 14, 2022 8 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted September 30, 2022 Popular Post Share Posted September 30, 2022 Sizing up Vero Sade’s Houston multifamily pipeline Houston-based multifamily developer Vero Sade has $2 billion in projects in its development pipeline spread across Texas and Florida. The company, which was founded just a year ago, has residential developments planned for Dallas, Houston, San Antonio and Orlando, totaling 4,500 units. Braving economic headwinds and rising property tax bills, Vero Sade is a part of a wave of multifamily investors going all in on Texas and Houston. So far, the firm’s Houston acquisitions are all focused on inner-loop properties, including a $130 million mixed-use development project, according to a filing with the Texas Department of Licensing and Regulation, first reported by Community Impact. Construction on the 850,000-square-foot project will start in November 2022 and is expected to finish in February 2025. The development is located in Houston’s Montrose neighborhood adjacent to the Museum District at 3615 Montrose Boulevard on the site of the former Bacco Wine Garden. The development will have a 36-story, 369-unit apartment building with 369 units and a 10-floor parking garage over a single floor of the residents’ entry and 5,000 square feet of retail. There will also be a 12,000-square-foot “amenity space” on the 11th floor of the apartment complex Vero Sade’s other Houston Montrose acquisitions include City Vista Apartments, a 404-unit, wrap-style apartment at 2221 West Dallas Street, a 2.25-acre lot across the street from the West Alabama Ice House, and an empty lot at 911 Kipling Street near the Menil Collection and Rothko Chapel. The firm has also acquired a 2.25-acre lot in Houston’s Heights at 1180 W. 18th Street. Vero Sade also picked up 3700M on McKinney Avenue, a 21-story apartment with 381 in uptown Dallas. The $100 million project was developed by Forest City Enterprises and completed in 2018, according Dallas Morning News report. In San Antonio, Vero Sade has acquired a 20-acre site at 4700 N. Loop 1604 E. and an 18-acre site at 1869-1863 FM 1103 in the suburb of Cibolo. https://therealdeal.com/texas/2022/09/28/sizing-up-vero-sades-houston-multifamily-pipeline/ 14 Quote Link to comment Share on other sites More sharing options...
hindesky Posted September 30, 2022 Share Posted September 30, 2022 Vero Sade must have done a press release because the Houston Chronicle also has a story about their projects. "A Houston-based development group has acquired prime sites in Houston and other cities for multifamily developments, including proposed projects in the Montrose and Heights neighborhoods. Sade is also chairman of Sade Capital, a company specializing in multifamily and other assets. Daniel Bassichis is co-founder of New York and Texas-based Vero, formerly Admiral Capital Group, where he partners with retired San Antonio Spurs star and Basketball Hall of Famer David Robinson on investments that create value and make a positive social impact." https://www.houstonchronicle.com/business/real-estate/article/Houston-developer-announces-2B-pipeline-of-17475225.php#photo-22986376 8 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted September 30, 2022 Popular Post Share Posted September 30, 2022 This heavy equipment driveway is brand new. 11 Quote Link to comment Share on other sites More sharing options...
Moore-to-it Posted September 30, 2022 Share Posted September 30, 2022 We really are going to have to start calling it the montrose skyline 7 Quote Link to comment Share on other sites More sharing options...
bobruss Posted October 1, 2022 Share Posted October 1, 2022 Montrose Canyons. 3 1 Quote Link to comment Share on other sites More sharing options...
004n063 Posted October 1, 2022 Share Posted October 1, 2022 17 hours ago, Moore-to-it said: We really are going to have to start calling it the montrose skyline Especially with the one on the corner of Fairview & Montrose! Quote Link to comment Share on other sites More sharing options...
Clementine Posted December 10, 2022 Share Posted December 10, 2022 I don't think anyone else has brought it up, but the FAA filing for this was released back in June and has a determination height of 490' down from 512' (DNE of 499' AGL/549' AMSL at that site). Obviously that won't much affect the number of floors given its already generous height. Does anyone know of any elevation diagrams for this and/or if the most recent ones were for 490'? Also, it seems the working name--at least at that time--was "Montrose A1". 1 Quote Link to comment Share on other sites More sharing options...
hindesky Posted December 10, 2022 Share Posted December 10, 2022 27 minutes ago, Clementine said: I don't think anyone else has brought it up, but the FAA filing for this was released back in June and has a determination height of 490' down from 512' (DNE of 499' AGL/549' AMSL at that site). Obviously that won't much affect the number of floors given its already generous height. Does anyone know of any elevation diagrams for this and/or if the most recent ones were for 490'? Also, it seems the working name--at least at that time--was "Montrose A1". It has been discussed. Quote Link to comment Share on other sites More sharing options...
Clementine Posted December 10, 2022 Share Posted December 10, 2022 35 minutes ago, hindesky said: It has been discussed. Seems like it was discussed while they were still under review and before FAA made the 490' determination. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 15, 2022 Share Posted December 15, 2022 What is the relationship of the Preston Partnership to Vero Sade? Quote Link to comment Share on other sites More sharing options...
cityliving Posted December 18, 2022 Share Posted December 18, 2022 I thought construction of this project was going to start in November? Nothing going on at the site yet. Quote Link to comment Share on other sites More sharing options...
cityliving Posted December 18, 2022 Share Posted December 18, 2022 Hope this project gets built and that land doesn’t sit empty growing weeds Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 18, 2022 Share Posted December 18, 2022 I see David Robinson's name attached to the property, per news report. We know about his NBA career, but what's his experience in real-estate? Quote Link to comment Share on other sites More sharing options...
hindesky Posted December 18, 2022 Share Posted December 18, 2022 In 2008, Robinson partnered with Daniel Bassichis, formerly of Goldman Sachs and a board member of The Carver Academy, to form Admiral Capital Group.[49] Admiral Capital Group is a private equity firm whose mission is to invest in opportunities that can provide both financial and social returns. Robinson's primary motivation in starting Admiral Capital was to create a source of additional financial support for The Carver Academy. Its portfolio is worth more than $100 million and includes nine upscale hotels and office buildings across the U.S. as well as Centerplate, one of the largest hospitality companies in the world. Admiral Capital Group also partnered with Living Cities to form the Admiral Center, a non-profit created to support other athletes and entertainers with their philanthropic initiatives. Robinson is also co-owner of a Jaguar Land Rover Dealership in San Juan, Texas.[50][51] https://en.wikipedia.org/wiki/David_Robinson Quote Link to comment Share on other sites More sharing options...
hindesky Posted December 18, 2022 Share Posted December 18, 2022 "Admiral Capital Group, a real estate and private equity investment management firm founded in 2008 by Dan Bassichis and NBA Hall of Fame player and philanthropist, David Robinson, today announced plans to rebrand as Vero Capital. The investment platform, including the team and funds, will be managed by Vero Capital, led by Managing Partner Dan Bassichis. Through their Admiral partnership, Bassichis and Robinson will continue to collaborate on non-profit work and mentoring current and retired professional athletes on investing and philanthropy. Since the firm’s inception, Vero and Admiral have deployed more than $700 million of capital in transactions valued at more than $3 billion." https://www.businesswire.com/news/home/20221129005804/en/Admiral-Capital-Group-Rebrands-as-Vero-Capital-to-Mark-Firm’s-Growth 5 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 18, 2022 Share Posted December 18, 2022 That explains a couple of recent names on the Houston real estate horizon. Quote Link to comment Share on other sites More sharing options...
Popular Post cityliving Posted December 31, 2022 Popular Post Share Posted December 31, 2022 19 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted January 7, 2023 Popular Post Share Posted January 7, 2023 (edited) The Eco Services worker I talked with at the Prose Oliver project said he called the site supervisor of the US Living/Vero Sade project to see when they plan to break ground, he was told 1st Q '23. He is in charge of overseeing contractor compliance on storm water pollution prevention at the site. Edited January 8, 2023 by hindesky 13 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted August 17, 2023 Share Posted August 17, 2023 Looks like Us Living got some sort of prelim financing for this site. Note amount is not enough for vertical construction, but might be related to site work: 9 Quote Link to comment Share on other sites More sharing options...
cityliving Posted August 17, 2023 Share Posted August 17, 2023 (edited) Glad to see this, the lot is full of weeds, hope something gets built there. Edited August 17, 2023 by cityliving Quote Link to comment Share on other sites More sharing options...
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