Highrise Tower Posted August 22, 2020 Share Posted August 22, 2020 Always used to see this Loopnet listing. Looks like the listing has been removed. Did somebody buy it? https://www.loopnet.com/Listing/0-WOODWAY-Houston-TX/11384575/ +/-1.0409 acres fronting the south side of Woodway Drive in the Riverway Reserve development on the banks of Buffalo Bayou. High profile unique development opportunity with engineering challenges due to floodway, but price is discounted accordingly. Highest and best use calls for mid-to-high-rise vertical development. 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted August 25, 2020 Share Posted August 25, 2020 Love this line: "engineering challenges due to floodway". I'm thinking this is a parcel for which the highest and best use is to remain undeveloped. 5 Quote Link to comment Share on other sites More sharing options...
Texasota Posted August 25, 2020 Share Posted August 25, 2020 (edited) I don't see how most of this lot is buildable. The sliver that fronts Woodway is if they eliminate the little slip lane (assuming that's actually part of the lot), but even that is *maybe* 50' wide? I suppose you could put in townhouses, but I don't see how much else fits. Unless you can also buy the parking garage from the property next door and consolidate the lots. Building up against the bayou here is lunacy assuming you can even convince the City to permit it. Now, if it were purchased explicitly to be used as park space (maybe by the TIRZ?) that would make more sense. Maybe put in a pedestrian/cycling bridge across the bayou at the major bend to better connect Riverway to the trails. Edited August 25, 2020 by Texasota 3 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 14, 2020 Author Share Posted November 14, 2020 Under Contract per Loopnet. https://www.loopnet.com/Listing/0-WOODWAY-Houston-TX/14823364/ 1 Quote Link to comment Share on other sites More sharing options...
DotCom Posted November 9, 2023 Share Posted November 9, 2023 I think this is for the same property. Can't believe nobody posted this anywhere on here yet! Filing person is with Gensler. https://www.tdlr.texas.gov/TABS/Search/Project/TABS2024000710 Looks like it sold to Zieben in June 2022. https://www.houstonchronicle.com/business/texas-inc/article/Real-estate-transactions-Investors-buy-17228468.php "Dezhc LLC purchased 1 acre on the south side of Woodway Drive along Buffalo Bayou within Riverway Reserve near the Omni Hotel. Shaw Commercial Properties represented the seller, N. Husain. The buyer intends to develop a boutique office building for its own use." Foundation permit app filed by the Zieben on 10/5. 7 Quote Link to comment Share on other sites More sharing options...
IntheKnowHouston Posted November 9, 2023 Share Posted November 9, 2023 (edited) 1 hour ago, DotCom said: I think this is for the same property. Can't believe nobody posted this anywhere on here yet! Filing person is with Gensler. https://www.tdlr.texas.gov/TABS/Search/Project/TABS2024000710 Looks like it sold to Zieben in June 2022. https://www.houstonchronicle.com/business/texas-inc/article/Real-estate-transactions-Investors-buy-17228468.php "Dezhc LLC purchased 1 acre on the south side of Woodway Drive along Buffalo Bayou within Riverway Reserve near the Omni Hotel. Shaw Commercial Properties represented the seller, N. Husain. The buyer intends to develop a boutique office building for its own use." Great find, @DotCom. Below are details pertaining to development at 11 Riverway tentatively named Woodway Tower (I know there's a screenshot in the above post. However, typing the details here ensures if anyone searches the forum or Google can find this using whatever keywords). The details are from an architectural barriers project filing with the Texas Department of Licensing and Regulation (TDLR): Estimated Start Date: June 1, 2024 Completion Date: June, 1, 2026 Estimated Cost: $85,000,000 Type of Work: New Construction Type of Funds: This project is privately funded, on private land for private use. Scope of Work: New construction of a 617,943 gross sf mixed-use tower with offices, residential units, restaurant, enclosed garage and residential penthouse, fully sprinklered with site improvements. Square Footage: 617,943 sf Edited November 9, 2023 by IntheKnowHouston 9 Quote Link to comment Share on other sites More sharing options...
kennyc05 Posted November 9, 2023 Share Posted November 9, 2023 I wonder how many stories 🤔 2 Quote Link to comment Share on other sites More sharing options...
strickn Posted November 9, 2023 Share Posted November 9, 2023 That square footage often includes the parking garage square footage, but if I were developing such a small site with office, residential and a bayoufront restaurant... then I would want to build as much parking space as possible, but by means of flexible-footprint automated parking with a smartphone retrieval-concierge ( https://www.trident-structures.com/parking is one example that office developers are fielding currently). That way I could maximize the amount of floorplan available for primary uses to flow throughout a site and strengthen the program. 2 Quote Link to comment Share on other sites More sharing options...
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