Sellanious Caesar Posted October 10, 2014 Share Posted October 10, 2014 (edited) On the bright side this land will probably be sold off to someone that will propose a nice midrise infill or a highrise MF or a few highrises for hotels or MF or office.Literally prime real estate and location. Will be scooped up fast. Edited October 10, 2014 by Sellanious Caesar Quote Link to comment Share on other sites More sharing options...
swtsig Posted October 10, 2014 Share Posted October 10, 2014 On the bright side this land will probably be sold off to someone that will propose a nice midrise infill or a highrise MF or a few highrises for hotels or MF or office.Literally prime real estate and location. Will be scooped up fast. likely true although MF equity is drying up pretty quickly, especially for highrises - there's a general consensus that we may be overbuilding that sector and many of the major players are taking a wait and see approach to see how the market absorbs all the current projects u/c. Quote Link to comment Share on other sites More sharing options...
TexasGeneral Posted October 10, 2014 Share Posted October 10, 2014 likely true although MF equity is drying up pretty quickly, especially for highrises - there's a general consensus that we may be overbuilding that sector and many of the major players are taking a wait and see approach to see how the market absorbs all the current projects u/c. I think we will start to see more projects get canceled or delayed, especially so given the dramatic decline in oil prices. Probably a good thing that MF development takes a deep breath. Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted October 10, 2014 Share Posted October 10, 2014 Single Family still has catching up to do. I think we are in for a price correction once single family supply starts to catch up with demand. A nearer term drop in oil prices might bode well for certain projects--Chevron might wish to spend capital on its Downtown tower while there is less to pressure to invest additional capital in exploration for new production. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 11, 2014 Share Posted October 11, 2014 I have no idea when that supply is supposed to catch up with demand. There are shortages of everything in this town - concrete, labor, lots, people to approve the permits - and home sales are still claiming 7,000 units a quarter. As long as job creation is over 100,000 a year, there will be no shortage of need. As for Chevron, if their revenues start hurting that will only delay the tower. But absent a national recession prices won't stay down for too long. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted October 17, 2014 Author Share Posted October 17, 2014 Maybe this is still alive? Possibly more of a delay than being cancelled. http://www.houstonchronicle.com/business/columnists/sarnoff/article/Tall-buildings-to-arise-near-River-Oaks-District-5828150.php#/0 An office building, a hotel and two additional high-rise apartment building are planned on the remaining Westcreek property, Brand said. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 17, 2014 Share Posted October 17, 2014 I suspect this concept is dead, the land is changing hands and the new developer is behind the office building and the other highrises. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted October 17, 2014 Share Posted October 17, 2014 idk if the new Pelican Builders rendering is to be trusted, but it kind of looks like Westcreek Centre to the left of it? about the right height too.. maybe its coincidence and just a box/place holder for a different project though.. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 17, 2014 Share Posted October 17, 2014 That might be the Randall Davis building. Or even the Skyhouse. I can't tell from the placement. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted October 17, 2014 Share Posted October 17, 2014 Yeah I just realized they own the blocks that were originally slated for town homes and redo midrise Quote Link to comment Share on other sites More sharing options...
Avossos Posted October 17, 2014 Share Posted October 17, 2014 I think we should not count out this office building. Stay tuned. Developments for this will come out soon enough. 1 Quote Link to comment Share on other sites More sharing options...
Luminare Posted October 18, 2014 Share Posted October 18, 2014 (edited) I think if some of you are curious as to whether these things are going to get build should simply drive by this area. All of those former apartments are now gone and there is so much open land now. This simply can not stand in this explosive building market. If this doesn't happen then certainly someone else will. Edited October 18, 2014 by Luminare Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted October 24, 2014 Share Posted October 24, 2014 I saw two trucks on this site with what appear to be oil derricks on the beds. I suppose this could be for soil samples, although I thought the project was dead. To paraphrase Bones, dammit Jim, I'm a lawyer, not an engineer. 4 Quote Link to comment Share on other sites More sharing options...
JoninATX Posted October 26, 2014 Share Posted October 26, 2014 It may not be dead after all. Quote Link to comment Share on other sites More sharing options...
Juanitos Superior Posted October 27, 2014 Share Posted October 27, 2014 May not be dead but it won't be Peloton Quote Link to comment Share on other sites More sharing options...
MikeRichardson Posted November 1, 2014 Share Posted November 1, 2014 They seem to be grading (leveling) right now. 3 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 2, 2014 Share Posted November 2, 2014 I can't imagine a property would be graded just to sell it. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 2, 2014 Share Posted November 2, 2014 Next RD project lay down? Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 3, 2014 Share Posted November 3, 2014 Possibly, but I would have thought they'd want it onsite. 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 3, 2014 Share Posted November 3, 2014 Astoria's lay down wasn't on site. There's a lot of activity going on at that site, maybe there's not enough room? Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 3, 2014 Share Posted November 3, 2014 Astoria was a cramped space. This one's got a bit more room. Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted November 3, 2014 Share Posted November 3, 2014 Was Skyhouse's lay down on site? Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 4, 2014 Share Posted November 4, 2014 I think the SHRO's is onsite. I'm not sure about Downtown, but the photo record on Skyscraperpage would show it. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted December 19, 2014 Share Posted December 19, 2014 Well, not only does this one appear dead, but now there is an autopsy, courtesy of BisNow: "Peloton announced plans for Westcreek Centre in February—the 21-story, 368k SF development was supposed to be the first office in 34 years built on the inside of 610 in the Galleria submarket. It was slated to break ground in Q4 right next to the River Oaks District, but the land never closed, and the deal is dead. (Multifamily buyers drove land prices too high for office.)" https://www.bisnow.com/houston/news/office/Six-Office-Buildings-That-Didnt-Break-Ground-in-2014-41364#3 1 Quote Link to comment Share on other sites More sharing options...
MikeRichardson Posted March 9, 2015 Share Posted March 9, 2015 And of course, following the autopsy, is the estate sale. Offers are due March 25th. http://arausa.listinglab.com//Westcreek610LandSite/index.cfm 3 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted March 10, 2015 Share Posted March 10, 2015 Sorta makes sense it seems... for "Peloton" in spanish means heavy testicles aka lazy. Perhaps they dragged their feet on this a little too much. Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted April 13, 2016 Author Share Posted April 13, 2016 The land has exchanged hands, high-rise residential projected. The new owner also put just over an acre of the site back on the market. Westcreek-OM.pdf 9 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted April 14, 2016 Share Posted April 14, 2016 Why is Gables marked as "midrise"..? I wonder if this new site will have any stipulations for the buyer of the frontage property in terms of height/not wanting views blocked? 1 Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted April 14, 2016 Share Posted April 14, 2016 That's not Tanglewood. I hate it when maps are blatantly wrong. 1 1 Quote Link to comment Share on other sites More sharing options...
towerjunkie Posted April 15, 2016 Share Posted April 15, 2016 Wait a second, I thought the only thing proposed for Westcreek was Skyhouse, Wilshire, and Arabella... what are those three across the street from them? Quote Link to comment Share on other sites More sharing options...
H-TownChris2 Posted April 15, 2016 Share Posted April 15, 2016 44 minutes ago, TowermaniacXD said: Wait a second, I thought the only thing proposed for Westcreek was Skyhouse, Wilshire, and Arabella... what are those three across the street from them? I was thinking the same thing... 1 Quote Link to comment Share on other sites More sharing options...
lockmat Posted April 15, 2016 Share Posted April 15, 2016 On 4/14/2016 at 7:22 PM, KinkaidAlum said: That's not Tanglewood. I hate it when maps are blatantly wrong. Maybe it was purposefully blatantly wrong? #marketing Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted April 15, 2016 Share Posted April 15, 2016 The marketing department's of companies (and the companies themselves) aren't going to have access to the potential development of their neighboring competitors, nor would they care. Not that that's a slight against them, it's just not really all that important unless they're trying to please, at max, 10 or 12 people in the city. Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted April 16, 2016 Share Posted April 16, 2016 6 hours ago, TowermaniacXD said: Wait a second, I thought the only thing proposed for Westcreek was Skyhouse, Wilshire, and Arabella... what are those three across the street from them? 5 hours ago, H-TownChris2 said: I was thinking the same thing... One we know is this: There was also a rumored potential luxury hotel on the future development site abutting ROD. 2 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted April 16, 2016 Share Posted April 16, 2016 5 hours ago, BigFootsSocks said: The marketing department's of companies (and the companies themselves) aren't going to have access to the potential development of their neighboring competitors, nor would they care. Not that that's a slight against them, it's just not really all that important unless they're trying to please, at max, 10 or 12 people in the city. I think it's laziness. The Dominion is not Apache Corp. In the second picture 2/3rds of ROD isn't highlighted blue. Quote Link to comment Share on other sites More sharing options...
AREJAY Posted May 15, 2017 Share Posted May 15, 2017 Odds are that it's nothing big, but I saw 3-4 trucks on the yellow 1.14 acre site this morning. Couldn't get a good look at what they were doing as I drove by on 610... 5 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted June 19, 2019 Author Share Posted June 19, 2019 According to page 13 of this brochure, it will be a multifamily high-rise by Fairfield Residential. https://issuu.com/dmre/docs/190618_dmre_overview_web 4 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted August 30, 2019 Share Posted August 30, 2019 On 4/13/2016 at 6:35 PM, Urbannizer said: Is this development actually the West Loop South shopping center by Beeson named West Creek Plaza? 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 9, 2020 Popular Post Share Posted August 9, 2020 Any clue on what's happening with Crimson's staging area? Looks like JE Dunn is clearing out. 11 Quote Link to comment Share on other sites More sharing options...
Urbannizer Posted July 14, 2022 Author Share Posted July 14, 2022 Site is for sale again https://www.loopnet.com/Listing/2020-Westcreek-Ln-Houston-TX/26155201/ 2 Quote Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 25, 2022 Share Posted November 25, 2022 Under Contract per Loopnet. That was very, very quick! Around 4 months of being on the market and already under contract. I'm hoping for a hotel on Westcreek. There are already tons of apartments and condos on that street. My 2nd choice would be an office building. https://www.loopnet.com/Listing/2020-Westcreek-Ln-Houston-TX/26155201/ 4 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.