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Related Companies Acquires 3-Acres At 2001 Hermann Dr.


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  • The title was changed to 2001 Hermann Dr. - 3 Acres For Sale
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On 10/20/2021 at 9:42 AM, sailor said:

336E Track Hoe has arrived at Hermann Dr Surgical Center, 2001 Hermann.

Soon, Walls will be tumbling down.

Wonder what is next for the 3+ acre tract.

Great location.

2001 Hermann Dr a October 20 2021.jpg

2001 Hermann Dr b October 20 2021.jpg

It was under contract in early September, then listed as not under contract, then appeared to be back under contract again today.

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2001 Hermann Medical Building is nearly gone. 

The Track Hoe operators have been separating everything that can be reused; bricks, stainless steel, galvanized pipe etc.

Hoping that it will become a Dog Park, LOL.  

Or restaurant. 

What other suggestions ? 

 

2001 Hermann December 8 2021.jpg

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14 hours ago, houstontexasjack said:

I found a Memorandum of Purchase Contract. Looks like an entity affiliated with Related Companies put this under contract

Here’s a link to some of their residential projects:

https://www.related.com/residential

 

Just curious - where are you seeing the connection to Related Companies?

Never mind, I found the connection in RD Investment Properties' filings.  

Very cool.  Related Companies does some nice work.  Happy to see them coming to Houston.

Edited by Houston19514
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  • The title was changed to 2001 Hermann Dr. - 3 Acres Cleared for Future Development
2 hours ago, BigFootsSocks said:

He will be unless the losing allegations are proven true... :ph34r:

If the NFL can't/won't get rid of Dan Snyder for all the sexual harassment he has fostered in Washington, I doubt they will do anything with Ross.

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  • The title was changed to Related Companies Acquires 3 Acres at 2001 Hermann Dr.
11 minutes ago, H-Town Man said:

You're saying the two entities are unrelated?

 

The group of companies known as Related Group and Related Companies are unrelated. 😀

 

My understanding is that Stephen Ross helped found Related Group with Jorge Perez (its founder and CEO), but that it is completely unaffiliated with Related Companies. 

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53 minutes ago, SMU1213 said:

The group of companies known as Related Group and Related Companies are unrelated. 😀

 

My understanding is that Stephen Ross helped found Related Group with Jorge Perez (its founder and CEO), but that it is completely unaffiliated with Related Companies. 

The Related Companies website lists Related Group as an affiliated company. They are related:

https://www.related.com/regional-offices

 

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But yes, it looks like Related Group is the particular company looking in Texas. A fellow named Kevin Wisdom signed the “Notice to Purchaser,” and the article below indicates he’s part of Related Group:

https://www.dallasnews.com/business/real-estate/2017/12/15/miami-real-estate-billionaire-with-trump-ties-opens-dallas-office/?outputType=amp

Edit: @Urbannizer - I guess a more appropriate title would be “Related Group” not “Related Companies,” because although the entities are related, they apparently are not closely related. 😆

Edited by houstontexasjack
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According to his Wikipedia topic. Seems he could see there was more money in developing than working for the city of Miami.

Career[edit]

Pérez was an economic development director with the city of Miami before he entered the real estate business and became a developer.[10][12] In 1979, he founded Related Group[13] with New York builder Stephen M. Ross. Pérez built his fortune by building and operating low-income multifamily apartments across Miami. The firm became the largest affordable housing builder in Florida by the middle of the decade.[10] He then branched off into rental apartments before becoming one of the most prolific high-rise condo builders in the Southern United States. Pérez has owned 50 condo towers in various stages of completion in South Florida, Fort Myers and Las Vegas.

https://en.wikipedia.org/wiki/Jorge_M._Pérez

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11 hours ago, hindesky said:

According to his Wikipedia topic. Seems he could see there was more money in developing than working for the city of Miami.

Career[edit]

Pérez was an economic development director with the city of Miami before he entered the real estate business and became a developer.[10][12] In 1979, he founded Related Group[13] with New York builder Stephen M. Ross. Pérez built his fortune by building and operating low-income multifamily apartments across Miami. The firm became the largest affordable housing builder in Florida by the middle of the decade.[10] He then branched off into rental apartments before becoming one of the most prolific high-rise condo builders in the Southern United States. Pérez has owned 50 condo towers in various stages of completion in South Florida, Fort Myers and Las Vegas.

https://en.wikipedia.org/wiki/Jorge_M._Pérez

His projects are super high quality now, I love this new complex he built in Coral Gables a few years ago. He's a big art collector and his projects usually include something so finges crossed! 

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On 2/15/2022 at 9:22 AM, iah77 said:

His projects are super high quality now, I love this new complex he built in Coral Gables a few years ago. He's a big art collector and his projects usually include something so finges crossed! 

 

On 12/9/2021 at 9:08 AM, J Money said:

Fingers crossed for a gas station or self storage facility 

Prediction...
 

 

big-tex.jpg

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  • The title was changed to Related Companies Acquires 3-Acres At 2001 Hermann Dr.
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On 5/3/2022 at 1:36 PM, toxtethogrady said:

Seems like Related's a pretty big name, so that suggests highrise and residential...

I've worked with Related a few times.  Nice people, at least to me.  Very deep pockets.  Not afraid to splash out on big buildings and big-name architects in other cities.

Hopefully this project gets the same treatment.

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29 minutes ago, editor said:

I've worked with Related a few times.  Nice people, at least to me.  Very deep pockets.  Not afraid to splash out on big buildings and big-name architects in other cities.

Hopefully this project gets the same treatment.

Related Group or Related Companies? 

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55 minutes ago, houstontexasjack said:

Ah. This one, as it turns out, is owned by an entity controlled by these guys:

https://relatedgroup.com

 

Amusingly, they're all related.

It looks like Related Companies is the parent of both Related Group (your link) and Related (my link).

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I can see something extravagant get built here. Its in front of a huge park in the heart of the city, surrounded by high-rises, unobstructed views of the medical center and downtown. 1 light away from a major highway. This would be prime luxury!

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2 hours ago, editor said:

Amusingly, they're all related.

It looks like Related Companies is the parent of both Related Group (your link) and Related (my link).

“The Incestuous Group” just didn’t have quite the same ring. 😆

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