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CrockpotandGravel

Levit Green: Life Science-Based Mixed-Use Development by Hines

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This thread was originally created November 2017. Because this posts and other content from me are no longer available in the forum, I'm reposting this. I wasn't able to web archive the first page to reference for past comments, only the second page. 

(page 1 of original thread archive (screenshot) )
(page 2 of original thread archive link)





The 36+ acre site where Grocers Supply Co. currently conducts business is on the market.

Real estate service HFF Houston is marketing the site 3131 Holcombe Blvd, along with properties bordering Grand Blvd, Dixie Dr, and Ardmore St for a total of 51+ acres.

Loopnet listing (archive link)


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Photos from Google Map Street View

Holcombe Blvd @ Ardmore St

Bs9wW8A.jpg

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Edited by CrockpotandGravel
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Originally posted by me, November 2017 in the original thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.


From the marketing brochure for Grocers Supply Co. at 3131 Holcombe Blvd :


HFF, on behalf of the Owner, is seeking qualified developers for the sale or partnership on a premier ±51-acre site located at the intersection of US Highway 288 and Holcombe Blvd. The Property provides an extremely unique development opportunity as it sits at the gateway to the Texas Medical Center. The Property is one of the largest undeveloped sites remaining in infill Houston and will offer fantastic view corridors of Downtown and the Texas Medical Center. This irreplaceable development opportunity is well positioned to capitalize on the expansions of the Texas Medical Center and resurgence of the Houston economy.

Investment Highlights

•  Premier Location
 
     
Located at the intersection of Holcombe Boulevard and Highway 288, the property’s location allows for immediate access to major employment centers throughout Houston. Additionally, frontage along Holcombe Boulevard provides direct access to the Texas Medical Center, allowing the site to serve as the gateway to the most extensive hospital system in the world.

•  Unrivaled Urban Infill Site
      
The Property’s excellent accessibility and proximity to Houston’s second largest employment center presents a unique opportunity for a large scale ±51-acre mixed-use development located on some of Houston’s most desirable real estate.

•  Incredible Size
      
At roughly 51 acres, the Property is arguably the largest site for development remaining inside the 610 Loop, west of US 288 and the CBD.


https://my.hfflp.com/GetDocument?BBArgs=aKom-p1mkBkMbxvt_Un3S2sp2F3KgJvYNtsfgO5uaOQQvOAs (archive link)

Edited by CrockpotandGravel
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Originally posted by Naviguessor, December 2018  in the original thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.


 

This interesting and ambitious "Confidential Master Plan" shows up on the Munoz Albin Project page on their Website. 

Thanks to research from another Haifer researching the Colombe d'Or tower.   

 

https://munozalbin.com/project/old-market-east-omaha-master-plan/



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Originally posted by CaptainJilliams December 2018 in the previous thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.



Not to get anybody too excited, but here's the conceptual rendering from the link Naviguessor posted above:

OWv4rFl.jpg

 

Edited by CrockpotandGravel
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Originally posted by HNathoo, December 2018  in the previous thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.



I believe the owner of this site is stone lake capital. They’re behind some interesting projects in the domain area of Austin. 

Edited by CrockpotandGravel
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Originally posted by me, December 2018  in the previous thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.



More conceptual design outlines of the renovated Grocery Supply Co. land in the Medical Center at 3131 Holcombe Blvd and Hwy 288 in Houston:

One of the images is labeled Levit Center Site Plan



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Edited by CrockpotandGravel
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Originally posted by ekdrm2d1, January 23, 2019  in the previous thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.


 

C&S Wholesale Grocers’ two locations are on today’s demo report. 3006 Holcombe and 6611 Grand Blvd.

 

http://swamplot.com/daily-demolition-report-down-south/2019-01-23/

 

Edited by CrockpotandGravel

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Originally posted by ekdrm2d1, April 9, 2019  in the previous thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.




Grocers Supply has so much land.  They even have a terminal off Corder street. Tried to look for the demolished bldgs that were on the above demo report. Looks like they are behind schedule.


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3006 Holcombe Blvd

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Looks like something was cleared here recently. Doesn't fit the two addresses above?

WXudOyy.jpg


 

Edited by CrockpotandGravel

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Originally posted by ekdrm2d1, June 28, 2019  in the previous thread for Grocers Supply Co. | 3131 Holcombe Blvd | Medical Center.



Noticed some activity on Grand blvd. today. 

webrKob.jpg

Edited by CrockpotandGravel
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Thanks CrockpotandGravel, for getting us caught up on this amazing tract of land.  I'm hoping that a major developer comes in like Midway and creates a Citycentre type mixed use development on the property.

It has everything you could want in a location. Right on the freeway. Five minutes from the Med Center, Hermann park, zoo, museums, and golf course. Downtown can be reached directly down Almeda. It's roughly ten minutes to U. of H., Rice, and TSU. 

Edited by bobruss
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On 2/22/2020 at 11:31 AM, IronTiger said:

So I guess the rest of the rail spur is history?

 

Every so often a 4 - 6 car train trundles down it, with cars that I think are empty.  I think UP may just be using it for storage at this point

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And it's gone. The concrete removal will take much longer. The transfer building wasn't really that big.

QsVL2a4.jpg

 

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The building south of Dixie is being scrapped. C & D Scrap had a roll off bin on site.

LkNLUHM.jpg

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On 3/14/2020 at 6:33 PM, hindesky said:

The building south of Dixie is being scrapped. C & D Scrap had a roll off bin on site.

LkNLUHM.jpg

 

Now there's someone out there who's got to get rid off a bunch of $2 bills.   ;)

 

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Posted (edited)

Went by today but didn't take a pic, but to me it looks like they are removing metal shelves. Saw an inside forklift handing to them to an outside forklift. I'm guessing they're removing as much metal from the inside as they can before the structure comes down.

Edited by hindesky
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The demolition scope was much larger than I thought.  The 3131 Holcombe demo permit includes the main office, and all the terminals from Dixie road to the 288 feeder. 

 

Was the land purchased?  The HFF listing is still active, indicating "On The Market".  On the other hand, Loopnet's listing has been taken down. Loopnet took it down due to a company conflict or it is no longer for sale?

 

HCAD mentions the current owner is the real estate division of Grocers Supply named 2ML Real Estate Interests, Inc.

 

MD9JBMG.png

 

HFF:

https://www.hfflp.com/property-details.html?propId=7200

 

Loopnet:

https://www.loopnet.com/Listing/3131-Holcombe-Blvd-Houston-TX/9720734/

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11 hours ago, Highrise Tower said:

DEg6ruH.jpg

 

I've seen train cars here a couple of times, and it always looked pretty cool

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Thanks everyone for posting about this over the past year or so. I’ve been wondering about what will happen since demolition started, but only just found this. Will be staying tuned! 10/10 reporting

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Quote

Houston-based Hines and the Levit family on Monday announced plans to redevelop 52 acres near the Texas Medical Center into a project called Levit Green, a mix of office space, residences, shops and research facilities targeting this region’s growing life-science sector.

The project, Hines said, could be Houston’s answer to Kendall Square in Cambridge, Mass. and Mission Bay in San Francisco, hubs for technology and biomedical industries. Levit Green is planned near the northwest intersection of Holcombe and Texas 288 on industrial land that formerly housed the Grocers Supply Co., a longtime Houston grocery wholesaler founded by the Levit family in 1923. The Levits sold the business in 2014

 

Link

 

I think it's funny the Laredo Times showed up one site before the chronicle when I googled Levit Green, so it shall remain.

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Posted (edited)

So...about those rendering at the top of this thread......

Edit: It is still large

Edited by EllenOlenska

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From Houston Biz Journal that wasn't in the chron article which I think really makes sense why even in this climate they are kicking this off.

 

Quote

In late 2014, the company sold its warehouse and distribution operations as well as the Grocers Supply name to New Hampshire-based C&S Wholesale Grocers Inc. At the time, the Levit family retained its retail operations: the Fiesta Mart LLC and Gerland Corp. grocery store chains. Less than six months later, the Levit family sold Fiesta Mart to Washington, D.C.-based international private equity investment firm Acon Investments LLC and the Gerland chain to Houston-based Lewis Food Town Inc.

Now, 2ML owns a portfolio of more than 5.2 million square feet of warehouses, shopping centers, freestanding supermarkets and office buildings, per the June 15 release.

 

With all the companies and warehouses they have been selling off, 2ML must have a huge chest of dough to play around with, and I'm sure in times like these where people are scrambling for funds for projects, I'm sure Hines, in order to keep themselves moving are looking for sure bets when it comes to financing. Then you add in the fact that Hines when its behind a project...it happens, means this gives it more promise. Near guaranteed money not tied to other peoples funds + Hines = Going to be built.

 

Haven't been able to find a master plan from an initial google search. Would be nice to see the full scope.

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Construction to start in “approximately one year.” Could be taking advantage of lower pricing, as @Luminare alluded to.

 

https://www.chron.com/business/article/Hines-Levit-partner-on-52-acre-development-near-15341272.php
 

“The Gensler architecture firm has created a master plan for the property, though individual buildings have not yet been designed. Construction of the first building is expected to begin in approximately one year.”

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Posted (edited)

Synergism or competition with TMC3?  The references to Kendall Square in Cambridge, Mass. and Mission Bay in San Francisco are lifted directly from the TMC3 playbook.  An amalgam of life science clusters from 288 to the TMC would be a beautiful thing, and it’s going to take massive CRE Life Sciences investments, in addition to TMC3, for Houston to rise by leaps and bounds in the U.S. Life Science cluster rankings (JLL, CBRE, etc.).  Thoughts?

Edited by Lux
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Posted (edited)

Is this a dream? This and TMC3 😯 And the Innovation District!?!?!?!?!? I expect all of this investment in tech to bring us some big names. I’ve been hoping Google would open offices here. They provide infrastructure that TMC could partner with and use. Apple and Space X offices would be nice as well.

Edited by j_cuevas713
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46 minutes ago, Lux said:

Synergism or competition with TMC3?  The references to Kendall Square in Cambridge, Mass. and Mission Bay in San Francisco are lifted directly from the TMC3 playbook.  An amalgam of life science clusters from 288 to the TMC would be a beautiful thing, and it’s going to take massive CRE Life Sciences investments, in addition to TMC3, for Houston to rise by leaps and bounds in the U.S. Life Science cluster rankings (JLL, CBRE, etc.).  Thoughts?

I'm going to guess synergism. Given how much work Hines and Gensler do in the city, and that this was planned "for years," someone at TMC3 must have known about this and vice versa. And if they knew/know about it, then you can't help but think that they will work together to not...cannibalize each other's potential. 

 

This is pretty astonishing and wayyyy out of left field. Checking the forums and going around town I just kept thinking we just needed to keep the momentum going from all of the projects currently being built, and here.we.go. With Hines behind it, and given how fast Texas Tower is moving, we should bet on which project begins to open up significant spaces first, this or TMC3. Absolutely nutty.

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