Popular Post Moore713 Posted October 17, 2019 Popular Post Share Posted October 17, 2019 Does anyone have anything on this apparently they bought a block of land in Downtown for 55 million Nevermind* found little more information Skanska has purchased four land parcels, including one full city block, totaling about 14,200 square meters in downtown Houston, USA. The seller is a private citizen. The total investment amounts to USD 55 M, about SEK 520 M.Located adjacent to Discovery Green, these four sites are in Houston’s Central Business District and Skanska plans to develop a mix of office, multi-family and retail for the local community. 23 3 Quote Link to comment Share on other sites More sharing options...
Texasota Posted October 17, 2019 Share Posted October 17, 2019 If this is one or more of the fully vacant blocks between Lamar and Clay, then that would be excellent. Depending on how quickly they move of course. Take advantage of that Opportunity Zone! 9 Quote Link to comment Share on other sites More sharing options...
Moore713 Posted October 17, 2019 Author Share Posted October 17, 2019 8 minutes ago, Texasota said: If this is one or more of the fully vacant blocks between Lamar and Clay, then that would be excellent. Depending on how quickly they move of course. Take advantage of that Opportunity Zone! Trying to see what lands close enough to be labeled " adjacent " that could be anything even four blocks away 4 Quote Link to comment Share on other sites More sharing options...
Texasota Posted October 17, 2019 Share Posted October 17, 2019 I think the Lamar/Austin/La Branch/Dallas block is pretty much adjacent, and if they also picked up the weird shaped parking lot behind the Embassy Suites, then that's absolutely adjacent. I'm hoping for those two, a portion of the Dallas/La Branch/Polk/Austin lot, and the vacant half of the Dallas/Austin/Polk/Caroline block. That could help connect Discovery Green to Green Street. 5 Quote Link to comment Share on other sites More sharing options...
HNathoo Posted October 17, 2019 Share Posted October 17, 2019 This is all of block 251, and portions of blocks 275 and 276. HCAD currently shows ownership as MIPS Investments / MIPS Parking. 4 Quote Link to comment Share on other sites More sharing options...
Popular Post cspwal Posted October 17, 2019 Popular Post Share Posted October 17, 2019 It sounds like these are the parking lots in front of Toyota center; if these are developed with ground floor bars and restaurants they will be packed before Rockets games and concerts According to HCAD, there's a couple of owners of these lots - Golconda owns about 2 blocks of parking lot (as well as a bunch of other blocks in SE downtown), while MIPS owns about 2 more blocks. None of these parcels have a recent sale listed on HCAD; MIPS seems to have owned their blocks since 2006, and the name associated with MIPS parking on HCAD is a Dallas lawyer. Golconda has been holding on to these parcels since 1989. According to the WSJ, it's a Taiwanese firm that is Opicoil's real-estate arm. It seems likely if it's 4 blocks that Skanska managed to get both of them to sell 10 Quote Link to comment Share on other sites More sharing options...
kennyc05 Posted October 17, 2019 Share Posted October 17, 2019 That one across from Toyota Center 😍 1 Quote Link to comment Share on other sites More sharing options...
Avossos Posted October 17, 2019 Share Posted October 17, 2019 2 minutes ago, cspwal said: It sounds like these are the parking lots in front of Toyota center; if these are developed with ground floor bars and restaurants they will be packed before Rockets games and concerts According to HCAD, there's a couple of owners of these lots - Golconda owns about 2 blocks of parking lot (as well as a bunch of other blocks in SE downtown), while MIPS owns about 2 more blocks. None of these parcels have a recent sale listed on HCAD; MIPS seems to have owned their blocks since 2006, and the name associated with MIPS parking on HCAD is a Dallas lawyer. Golconda has been holding on to these parcels since 1989. According to the WSJ, it's a Taiwanese firm that is Opicoil's real-estate arm. It seems likely if it's 4 blocks that Skanska managed to get both of them to sell Says only 1 city block... and states near Disco Green... and from a private citizen. My guess is Mips / Lawyer guy is likely the seller 4 Quote Link to comment Share on other sites More sharing options...
Sanjorade Posted October 17, 2019 Share Posted October 17, 2019 (edited) Based on the square meters quoted, I’m guessing the MIPS lot and the partial block in which the Marlowe building sits. ... or maybe just all of what MIPS owns. Edited October 17, 2019 by Sanjorade 2 Quote Link to comment Share on other sites More sharing options...
HNathoo Posted October 17, 2019 Share Posted October 17, 2019 2 hours ago, HNathoo said: This is all of block 251, and portions of blocks 275 and 276. HCAD currently shows ownership as MIPS Investments / MIPS Parking. 9 Quote Link to comment Share on other sites More sharing options...
cspwal Posted October 17, 2019 Share Posted October 17, 2019 Ah I read "4 sites" and "full city block" and mushed them together The 3 MIPS holdings add up to 144,452 SF of land area, or about 13,420 square meters. That's missing 800 square meters (8600 SF or about 1/8 of a block) 4 Quote Link to comment Share on other sites More sharing options...
KStreet Posted October 17, 2019 Share Posted October 17, 2019 MIPS sold blocks (portions of) 251, 275 & 276 filed on 10/16/19 per the Harris County Clerks Office. I attached one of the deeds. MIPS Sale.pdf 9 minutes ago, HNathoo said: Good work, beat me to it 7 Quote Link to comment Share on other sites More sharing options...
Luminare Posted October 17, 2019 Share Posted October 17, 2019 I'm really hoping that someday they can relocate that power relay away from Discovery Green. That block next to the Rustic would be ideal. 9 Quote Link to comment Share on other sites More sharing options...
urbanize713 Posted October 17, 2019 Share Posted October 17, 2019 Just for further reference. 6 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Luminare Posted October 17, 2019 Popular Post Share Posted October 17, 2019 So while waiting for a render I decided to go to my google map where I like to play mythical urban planner, and thought I put this here. This is what I would like to see happen. In other words this is what I would like to see, not exactly what Skanska or the city might have planned (if they do have a plan). Orange - New Development Green - New Park land Light Yellow - Pedestrian Plazas or Pedestrian Streets Purple - Relocated Power Relay Would be nice If we can seamlessly stitch Toyota Center to Discovery Green to Minute Maid Park. 13 2 Quote Link to comment Share on other sites More sharing options...
Popular Post cspwal Posted October 17, 2019 Popular Post Share Posted October 17, 2019 After playing Sim City so much, I thought you were proposing light industrial zones 7 10 Quote Link to comment Share on other sites More sharing options...
Luminare Posted October 17, 2019 Share Posted October 17, 2019 2 minutes ago, cspwal said: After playing Sim City so much, I thought you were proposing light industrial zones the retro industry aesthetic is in now, don't you know? haha 2 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted October 17, 2019 Share Posted October 17, 2019 This is great. If the Marquette (?) tower opposite the Marquis and this get completed with more residential, and Brookfield's HC vision works out, that end of DT will be a really nice amenity rich neighborhood. Where are they putting the HEB? 😉 3 Quote Link to comment Share on other sites More sharing options...
mollusk Posted October 17, 2019 Share Posted October 17, 2019 35 minutes ago, HNathoo said: Was anyone else getting this stuck in their head: 1 2 Quote Link to comment Share on other sites More sharing options...
cspwal Posted October 17, 2019 Share Posted October 17, 2019 13 minutes ago, Nate99 said: This is great. If the Marquette (?) tower opposite the Marquis and this get completed with more residential, and Brookfield's HC vision works out, that end of DT will be a really nice amenity rich neighborhood. Where are they putting the HEB? 😉 Has HEB made any full size stores that would fit on only one block? 3 Quote Link to comment Share on other sites More sharing options...
Luminare Posted October 17, 2019 Share Posted October 17, 2019 1 minute ago, cspwal said: Has HEB made any full size stores that would fit on only one block? The new one they just did on Washington Ave would pretty much fit on one full block in downtown and work fine, sans frontage parking. 6 Quote Link to comment Share on other sites More sharing options...
Popular Post H-Town Man Posted October 17, 2019 Popular Post Share Posted October 17, 2019 Christmas just came early. They spent $360 per square foot... across 3.5 acres. This is an investment of the magnitude of Hines' purchase of the Houston Chronicle property, and in order for them to make it profitable, we will see development of equal magnitude. Only the development will be different in nature, because this is not a place where you would build a 1 million SF office building. I would expect 3-4 towers out of this. 13 Quote Link to comment Share on other sites More sharing options...
Popular Post TheSirDingle Posted October 17, 2019 Popular Post Share Posted October 17, 2019 (edited) Discovery green finally going to have a canyon of high rises!?!?!?!?! Also Toyota Center getting some more developments to cover up the parking lots, holy shit this is massive. Edited October 17, 2019 by TheSirDingle 11 Quote Link to comment Share on other sites More sharing options...
asubrt Posted October 18, 2019 Share Posted October 18, 2019 Is there any way the electrical/power station or whatever that's on block 277 can be moved/demolished anytime soon? Not sure how essential it is to the power grid in that location. It seems like a major waste of space, though I guess with all the surface lots around that area it's easier to start with those. Still, it's not ideal to see when walking from Discovery Green to Toyota Center. 8 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted October 18, 2019 Share Posted October 18, 2019 10 hours ago, Moore713 said: Does anyone have anything on this apparently they bought a block of land in Downtown for 55 million Nevermind* found little more information Skanska has purchased four land parcels, including one full city block, totaling about 14,200 square meters in downtown Houston, USA. The seller is a private citizen. The total investment amounts to USD 55 M, about SEK 520 M.Located adjacent to Discovery Green, these four sites are in Houston’s Central Business District and Skanska plans to develop a mix of office, multi-family and retail for the local community. Link: https://news.cision.com/skanska/r/skanska-invests-in-land-in-downtown-houston--usa--for-usd-55-m--about-sek-520-m,c2934457 8 Quote Link to comment Share on other sites More sharing options...
cspwal Posted October 18, 2019 Share Posted October 18, 2019 10 hours ago, asubrt said: Is there any way the electrical/power station or whatever that's on block 277 can be moved/demolished anytime soon? Not sure how essential it is to the power grid in that location. It seems like a major waste of space, though I guess with all the surface lots around that area it's easier to start with those. Still, it's not ideal to see when walking from Discovery Green to Toyota Center. It is probably very important for the grid - Toyota center by itself needs a lot of power - but I'm sure if Center point thought the block was worth enough, they would figure out a way to reroute the power. Is there anyone here more familiar with power grids that could speak to how hard it is to move a substation like this? 4 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted October 18, 2019 Share Posted October 18, 2019 41 minutes ago, cspwal said: It is probably very important for the grid - Toyota center by itself needs a lot of power - but I'm sure if Center point thought the block was worth enough, they would figure out a way to reroute the power. Is there anyone here more familiar with power grids that could speak to how hard it is to move a substation like this? Austin got much of its Seaholm power station removed, but there is still a block-size piece of it there, despite being on land worth about twice as much as this land. Problem is that anywhere else you put it nearby is also going to cost a lot to acquire. It's really the price differential of the two land sites that has to be great enough to cover the cost of rerouting, plus some incentive. I wonder if this could be consolidated with the station in Frost Town? 2 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted October 18, 2019 Share Posted October 18, 2019 Maybe if there were to be a larger scale re-design of the area's needs, a repositioning of that substation could be incorporated. A gigantic new development might necessitate such a move. 1 Quote Link to comment Share on other sites More sharing options...
bobruss Posted October 18, 2019 Share Posted October 18, 2019 Perhaps somewhere between Midways East River project and Minute Maid. There is an old site on Buffalo Bayou east of the old Elysian Viaduct that looks to be an old substation or something related to the power grid. I don't know how far away a power station can be located to serve the east side of downtown, but with the Toyota center, GBCC, Minute Maid and all of the big hotels on that side of town I'm sure they have huge needs for power. 1 Quote Link to comment Share on other sites More sharing options...
Nate99 Posted October 18, 2019 Share Posted October 18, 2019 5 minutes ago, bobruss said: Perhaps somewhere between Midways East River project and Minute Maid. There is an old site on Buffalo Bayou east of the old Elysian Viaduct that looks to be an old substation or something related to the power grid. I don't know how far away a power station can be located to serve the east side of downtown, but with the Toyota center, GBCC, Minute Maid and all of the big hotels on that side of town I'm sure they have huge needs for power. I think that's the Frost Town substation that H-Town was referring to. It looks almost Victorian with riveted steel structures. 1 Quote Link to comment Share on other sites More sharing options...
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