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Related Companies Acquires 3-Acres At 2001 Hermann Dr.


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  • 2 weeks later...

We've had a number of buildings go up, particularly around the Galleria (and I guess Allen Parkway too?), that incorporate in some way those...fins? Naked-looking balconies? Is that what's all the rage? They make the building look like what we thought, in films, was futuristic back in the 1960s. I don't dislike it, I'm just trying to figure it out.

Can we all pour one out for that medical building before we move on to the towers? Everyone and their mother in the healthcare community kicked the tires on that one. In the end the building was just a tad bit too old, and the price of land was just a tad bit too high. And a lot of people tried to make it work. It was kind of in the in-between: too big to be an ASC/specialty hospital and too small/weirdly put together to fit the ambitions of the mid-major healthcare people looking for a signature hospital without a good amount of reno. So when we're wondering about what it will be, it will most certainly be something big and tall otherwise private equity-type pockets would have gutted it and it would be some type of medical space by now. 

Edited by X.R.
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2 hours ago, X.R. said:

Can we all pour one out for that medical building before we move on to the towers? Everyone and their mother in the healthcare community kicked the tires on that one. In the end the building was just a tad bit too old, and the price of land was just a tad bit too high. And a lot of people tried to make it work. It was kind of in the in-between: too big to be an ASC/specialty hospital and too small/weirdly put together to fit the ambitions of the mid-major healthcare people looking for a signature hospital without a good amount of reno. So when we're wondering about what it will be, it will most certainly be something big and tall otherwise private equity-type pockets would have gutted it and it would be some type of medical space by now. 

As long as it’s not the good stuff we’re pouring out, sure. 

The old spine hospital on Calumet between Crawford and La Branch (just to the north of the X Houston site) is in a a similar boat, I think. My understanding is the OR’s are too small to realistically be used for much of anything other than injections, which limits the buyer pool to pain management and cosmetic. 

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  • 2 months later...

To help muddy the crystal lagoon waters, Related Companies and Related Group are now competitors.  Source:

https://therealdeal.com/miami/2022/12/07/billionaire-ross-confirms-split-with-perez-as-both-firms-expand-in-south-florida/

 

On 2/14/2022 at 12:42 PM, houstontexasjack said:

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. 😆

Unrelated!

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