X.R. Posted June 16, 2020 Share Posted June 16, 2020 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. 2 Link to comment Share on other sites More sharing options...
KinkaidAlum Posted June 16, 2020 Share Posted June 16, 2020 Is that a Magnolia Hotel possibly? Looks great. Great location for live + work spaces especially with the new HEB open. 6 Link to comment Share on other sites More sharing options...
j_cuevas713 Posted June 16, 2020 Share Posted June 16, 2020 1 hour ago, X.R. said: 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. Yeah this should kick start both. But we have to wait a year? 4 Link to comment Share on other sites More sharing options...
ZRFkris Posted June 16, 2020 Share Posted June 16, 2020 Wow is all I can say. 😎 3 Link to comment Share on other sites More sharing options...
ArtNsf Posted June 16, 2020 Share Posted June 16, 2020 On 10/19/2019 at 5:14 AM, CrockpotandGravel said: 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/ 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: Well, I'm still very excited !! LOL. This would be by far the most forward thinking and looking and attractive development Houston has ever seen IMHO. I only hope it will happen one day. It wreaks of positive growth and energy and "synergy" for this new century and could actually become another huge catalyst for growth and up the stakes in the entire Houston area. I love the extremely interesting rendering. However, I know a lot of dreaded "valued engineering" will most likely take place before this would get off the ground, but the colors, lighting and shapes in this rendering is exactly what Space City has been screaming out and needing for decades. Fingers and toes crossed ! 6 Link to comment Share on other sites More sharing options...
Fortune Posted June 16, 2020 Share Posted June 16, 2020 Great rendering, however, it was done by Munoz + Albin not Gensler so i'm sure the design will be a lot different. In my opinion Munoz + Albin designs are more "edgy" than Gensler. Cant wait to see the actual master plan designed by the architect Gensler. 6 Link to comment Share on other sites More sharing options...
EllenOlenska Posted June 16, 2020 Share Posted June 16, 2020 Yeah the original has an avenue while the new one seems to have a Woodlands-esque pond. 4 Link to comment Share on other sites More sharing options...
pablog Posted June 16, 2020 Share Posted June 16, 2020 I prefer the new greener rendering. 3 Link to comment Share on other sites More sharing options...
Popular Post Moore713 Posted June 17, 2020 Popular Post Share Posted June 17, 2020 I'm all for it if the last decade has taught Houston anything, it that we have to further diversify our economy. We can not continue to see oil and gas as a viable anchor, going foward. We have to actively push for our major sectors to grow , while craving a path into new ones. Why i would like to see our space port grow and our medical .. Hell i laughed when the spaceforce was proposed but if they really are looking for a new headquarters in the next 10 year. I Think we should do everything in our power to sell Houston to them. 17 Link to comment Share on other sites More sharing options...
Highrise Tower Posted June 17, 2020 Share Posted June 17, 2020 Behind the deal: How Hines, former Fiesta Mart owner teamed up for TMC-area mixed-use project https://www.bizjournals.com/houston/news/2020/06/16/hines-levit-family-2ml-real-estate-levit-green.html Quote It took more than three years for two of Houston’s biggest names to come together on a project that promises to be one of the city’s most significant mixed-use developments in years. But Houston-based Hines and 2ML Real Estate Interests, formerly known as The Grocers Supply Co. Inc., say all of the planing and negotiations wee worth it to get their proposed Levit Green project moving. “There was no question on anyone’s part when we first sat down that there will be a continued need for investments in the life sciences for years to come,” Mooz said. “The Levit family thought this would be a great opportunity to give a second life to land that has been in their family for 100 years.” Mooz said Hines began speaking to the Levit family in 2017 about building the mixed-use development on the site of some Grocers Supply warehouse and distribution facilities. The site is located near the interchange of Highway 288 and Holcombe Boulevard/Old Spanish Trail. “It took a considerable amount of time to form the partnership,” Mooz said. “But we started from the common position that building a 52-acre development focused on life sciences research was exactly what Houston needed to continue to build on the success of the Texas Medical Center.” Mooz said 2ML Real Estate will serve as the project’s “land partner,” while Hines oversees its development. Levit Green will be developed over the next several years as a master-planned community that aims to provide a full ecosystem built around life sciences research. The Houston office of San Francisco-based Gensler has been tapped to develop a master plan for the project’s development. Hines has not yet chosen an architect or engineering team for the individual builds, Mooz said. Mooz declined to comment on how much the project is expected to cost, saying only that it will be a “multiyear, multicycle project.” That said, the initial investment on the part of Hines and the Levit family is likely to be fairly significant. The two parcels of land owned by 2ML Real Estate in the area had an appraised value of $97.3 million as of Jan. 1, according to Harris County Appraisal District records. 9 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted June 21, 2020 Popular Post Share Posted June 21, 2020 21 Link to comment Share on other sites More sharing options...
strickn Posted June 23, 2020 Share Posted June 23, 2020 (edited) On 6/15/2020 at 7:30 PM, Lux said: 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? There's not a lot of space to buy low and sell high when a field is already as superheated as life sciences has gotten. This literal field owned by 2ML, can still sell higher, yes; but the industry itself? TMC is great, but as an industry cluster, if you look at the burn rate required of the top ten areas just to stay in the top ten, Houston has almost no shot to ever break into the top six or eight, let alone five. So is rising from third tier to second tier in a currently important prestige niche actually important enough to justify the opportunity cost? The cost of not putting that toward an area that is more distinctive to our local character and would make us more headway? IMHO no. Life sciences are just something like "cyber" that seems totally investable and inevitable -- that is to say, lucrative without the risk of looking professionally foolish that, say, going to bat for something more creative but less recognizable would carry. In that sense, this highly costly upside opportunity is the functional equivalent of what mixed use development itself suddenly became for the commercial real estate and institutional investment fields of business. Edited June 23, 2020 by strickn 2 4 Link to comment Share on other sites More sharing options...
Popular Post CREguy13 Posted June 23, 2020 Popular Post Share Posted June 23, 2020 I'm a little confused as to the opportunity cost you're referring to. A Hines-developed large life-science campus, immediately adjacent to one of the largest life science accelerators in the country and less than a mile from the largest medical center in the world. I personally can't think of a better fit or use for this site. 6 5 Link to comment Share on other sites More sharing options...
Popular Post Houston19514 Posted June 23, 2020 Popular Post Share Posted June 23, 2020 (edited) Interesting ranking of existing and emerging life sciences clusters. (As of 4th Quarter 2018, we were not yet in the top 10, but we were no. 2 among emerging clusters.) Edited June 23, 2020 by Houston19514 13 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted June 28, 2020 Popular Post Share Posted June 28, 2020 Main building at 3131 Holcombe being demolished. 13 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 4, 2020 Popular Post Share Posted July 4, 2020 11 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 12, 2020 Popular Post Share Posted July 12, 2020 All structures have been demolished. Breaking up all that concrete should start soon. C&S Wholesale Grocers is still keeping operations on the other side of Holcombe at 3100 Holcombe. I can see them selling once the land value increases. 13 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 19, 2020 Popular Post Share Posted July 19, 2020 They're saving a few trees it looks like. 15 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted July 26, 2020 Popular Post Share Posted July 26, 2020 Going fast. Cherry's fleet while the rain is pouring. 18 Link to comment Share on other sites More sharing options...
j_cuevas713 Posted July 26, 2020 Share Posted July 26, 2020 Wow this is wasting no time at all! 5 Link to comment Share on other sites More sharing options...
zaphod Posted July 26, 2020 Share Posted July 26, 2020 The things I've been reading about the coronavirus and its effect on work-from-home, hotels, retail, etc, sound apocalyptic for urban development, at least in the near term. In contrast, medical research labs and clinics inherently by their nature favor a physical presence of people and workers. And the people who work in these places tend to be well paid, and for various reasons they like to live reasonably close to where they work. And of course they go and eat and buy things nearby and visitors stay in hotels, etc. Seems like a development like this would be a slam dunk and a really safe bet during all that's going on right now, and I would think investors would be wanting to pull their money out of other projects with less certain futures and throw it behind stuff like this instead. 8 Link to comment Share on other sites More sharing options...
kdog08 Posted July 27, 2020 Share Posted July 27, 2020 (edited) Houston could be catching some tail winds if/when life science research gets a boost in funding or a shot in the arm due to effects of Covid. I hope our local legislators and public/private advocates rise to the challenge/opportunity. Edited July 27, 2020 by kdog08 6 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 2, 2020 Popular Post Share Posted August 2, 2020 Tree Preservation Zone. 14 Link to comment Share on other sites More sharing options...
X.R. Posted August 3, 2020 Share Posted August 3, 2020 Man, if they have set up a tree preservation zone warding off potential construction workers...you wouldn't do that unless this thing is really underway, right? I'm getting Ion-levels of "is this really happening right now?" I'm sure dredging/digging up that area to create that pond is going to take a lot of time, and meticulous planning to not have it flood. They could be racing to have everything prepped by the time hurricane season ends so they don't have to worry tooooo much about torrential rain when they hit the digging part. An underrated part of this development is that its v accessible via bike/bus infrastructure. Still can't believe this is moving forward, or that they've already started to do this much work. Thanks for the pics! 8 Link to comment Share on other sites More sharing options...
jmitch94 Posted August 11, 2020 Share Posted August 11, 2020 (edited) I’d recon at least half of the concrete that is in the parcel between Holcombe and Dixie drive has been removed. I can get pictures soon. Edited August 11, 2020 by jmitch94 4 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 16, 2020 Popular Post Share Posted August 16, 2020 On 8/11/2020 at 12:36 PM, jmitch94 said: I’d recon at least half of the concrete that is in the parcel between Holcombe and Dixie drive has been removed. I can get pictures soon. 11 Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted August 16, 2020 Popular Post Share Posted August 16, 2020 A day of rest for the heavy equipment. 10 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted August 23, 2020 Popular Post Share Posted August 23, 2020 Moving fast! 13 Link to comment Share on other sites More sharing options...
Highrise Tower Posted August 30, 2020 Share Posted August 30, 2020 This surface lot is being punched out. Cool technique. 9 Link to comment Share on other sites More sharing options...
hindesky Posted September 5, 2020 Share Posted September 5, 2020 7 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted September 6, 2020 Popular Post Share Posted September 6, 2020 11 Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 13, 2020 Share Posted September 13, 2020 9 Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 20, 2020 Share Posted September 20, 2020 Something new went up at the site. I noticed a new security camera. 8 Link to comment Share on other sites More sharing options...
Highrise Tower Posted September 27, 2020 Share Posted September 27, 2020 The other parcel is now being worked on. Noticed the terminal post is being chipped away. 8 Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 4, 2020 Share Posted October 4, 2020 That was quick. 8 Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 11, 2020 Share Posted October 11, 2020 5 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted October 18, 2020 Popular Post Share Posted October 18, 2020 10 Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted October 21, 2020 Popular Post Share Posted October 21, 2020 https://www.houstontx.gov/council/committees/qol/20201013/pid.pdf 10 Link to comment Share on other sites More sharing options...
Highrise Tower Posted October 25, 2020 Share Posted October 25, 2020 On 10/21/2020 at 12:15 AM, Urbannizer said: https://www.houstontx.gov/council/committees/qol/20201013/pid.pdf They're listing 84.55-acres total. C&S Wholesale Grocers across the street is planned to sell soon? The early renderings included the extra land, but Hines only bought half of it. 3M-5M SF of building space for phase 1. This will be awesome. 9 Link to comment Share on other sites More sharing options...
Highrise Tower Posted November 1, 2020 Share Posted November 1, 2020 Cherry's work is coming to a complete? Half of the fleet is gone. 6 Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted November 2, 2020 Popular Post Share Posted November 2, 2020 https://medspaceusa.com/all-industry-news/texas-is-going-big-in-biopharma/ Quote In July, Hines finalized a deal with 2ML Real Estate Interests to build a mixed-use life sciences and technology-based development called Levit Green, next to the Texas Medical Center. The company plans to break ground on the phase I building in the third quarter of 2021 and complete construction in late 2022. “It’s not often that an organization can have the opportunity to develop 50 plus acres adjacent to the largest medical center on the planet. That opportunity came along, and we thought it was absolutely intuitive that you could marry up that type of opportunity next to something like the Texas Medical Center,” said John Mooz, a senior managing director, and market head of Houston/Austin/San Antonio at Hines. For industry and real estate developers alike, the cost of building, and cost of living can often make the difference when deciding where to locate. “In our trying to understand what the best end-users are for Levit Green, I do think they will be both organically from here, but also locating from either coast where among other things, it’s expensive to build relative to Houston,” Mooz said. “You have gross rates that top $100 psf, and Houston can be almost half of that. And when you’re looking at a company with early-stage funding, that can be a huge difference. So I would argue that Houston can attract top talent and top organizations with an incredibly affordable quality of life, and strong diverse, cultural offerings. With the global oncology pharmaceutical market projected to be worth approximately $200 billion by 2023, Houston is primed to move to the top of any emerging life sciences cluster list. That’s a pretty strong trajectory in a place that spends a lot of time studying cancer. You combine it next to a medical center that has over 9,200 beds, and we have, by anyone’s count, somewhere in the order of 1100-1200 clinical trials going on right now.” 19 Link to comment Share on other sites More sharing options...
H-Town Man Posted November 2, 2020 Share Posted November 2, 2020 2 hours ago, Urbannizer said: https://medspaceusa.com/all-industry-news/texas-is-going-big-in-biopharma/ It will be interesting to see which breaks ground first, this or TMC3. I'm starting to think we'll get another redesign (and downgrade) before TMC3 moves forward. 6 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted November 23, 2020 Popular Post Share Posted November 23, 2020 Cherry has finished their work at this site. Looks like it will sit for a year until Hines is ready to build. 13 Link to comment Share on other sites More sharing options...
por favor gracias Posted November 23, 2020 Share Posted November 23, 2020 You can see the Texas Tower peeping out in the downtown pic, closing up that gap coming in from 288. 7 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted November 23, 2020 Popular Post Share Posted November 23, 2020 More renderings were released. 21 https://www.hines.com/properties/levit-green-houston 24 1 Link to comment Share on other sites More sharing options...
houstontexasjack Posted November 23, 2020 Share Posted November 23, 2020 34 minutes ago, Highrise Tower said: More renderings were released. https://www.hines.com/properties/levit-green-houston That bicyclist in the bottom rendering looks uncomfortable. 2 3 Link to comment Share on other sites More sharing options...
texan Posted November 24, 2020 Share Posted November 24, 2020 14 hours ago, Highrise Tower said: More renderings were released. https://www.hines.com/properties/levit-green-houston This is giving me Domain (in North Austin) vibes. Hopefully this is able to spur some ancillary develops like the Domain has, which started as one development and evolved into a total neighborhood redevelopment by many players. 4 Link to comment Share on other sites More sharing options...
cspwal Posted November 24, 2020 Share Posted November 24, 2020 15 hours ago, houstontexasjack said: That bicyclist in the bottom rendering looks uncomfortable. His seat is adjusted too low, and the bike itself looks like it might be too small 2 2 Link to comment Share on other sites More sharing options...
hindesky Posted November 25, 2020 Share Posted November 25, 2020 On 11/23/2020 at 5:10 PM, houstontexasjack said: That bicyclist in the bottom rendering looks uncomfortable. Looks like he borrowed his 10 yr old's bike. I see riders like this all the time and I just have to believe they didn't buy at a real bike shop but at a big box retailer. 4 Link to comment Share on other sites More sharing options...
Popular Post Highrise Tower Posted January 17, 2021 Popular Post Share Posted January 17, 2021 Soil testing today. 15 Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now