Jump to content
houstonsemipro

Hardy Yards Development

Recommended Posts

Wow. That's MASSIVE.

The scale model is kinda scary but the renderings from street level are nice.

If this thing gets up, even at half the size, it would be HUGE for the near northside.

Share this post


Link to post
Share on other sites

Wow, that thing is a lot bigger than I thought it would be, I guess just looking at the empty rail yard, it was hard to visualize. Is this a serious proposal, or a dream pie in the sky type thing?

Share this post


Link to post
Share on other sites

Semi-pro,

You need to be careful posting such things. It risks interrupting the professional whiners from their ritual of crying about everything that's wrong with Houston.

Then again, they could use this as an opportunity cry about how "long" it's taking this to come about when every other city's shuttling these things out left and right. In fact, at some point, I expect a picture of some massive development in Phoenix, Fayetteville, AR or Tucumcari, NM that, as usual, puts Houston "to shame."

Tick, tick, tick...

  • Like 1

Share this post


Link to post
Share on other sites

I don't think any final configuration has been determined for Hardy Yards, so these are just renderings rather than a plan at this point.

Bizjournal article:

December 19, 2005

Austin firm wheels into real estate action with acquisition of downtown rail yards

Jennifer Dawson

An Austin-based company has staked out a claim close to the flurry of real estate activity in transit.

Cypress Real Estate Advisors last month bought 46 acres worth of old railroad yards just north of downtown for a redevelopment project.

The company acquired the Hardy Yards property from Avi Ron for an undisclosed amount. Sources peg the sales price in the $28 million to $30 million range.

John Kiltz, a Cypress principal, says proximity to downtown and the prospect of major transit improvements nearby attracted the firm to the site across the railroad tracks from land recently purchased by the Metropolitan Transit Authority.

There are no initial plans to joint venture with Metro on the site, Kiltz says, but the two parties have talked about the area's future.

"We don't have any type of agreement with them," Kiltz says. "Because (our site) is so large, we can create our own world."

The developer will likely seek out joint venture partners to develop portions of the property. Kiltz says midrise residential buildings are a possibility, but retail development probably wouldn't work.

"We have a strong bias toward doing residential there," says Kiltz.

The Hardy Yards site requires substantial environmental remediation work that will take several months before redevelopment can begin.

Kiltz says development could start in about two years following the environmental work.

Meanwhile, land planner Elkus Manfredi Architects has been hired to help determine the best use for the land. Boston-based Elkus Manfredi has done such high-end projects as Victory in Dallas and Time Warner Center in New York.

A tax increment reinvestment zone has been proposed for the area, but that designation is in limbo. The Cypress redevelopment is not contingent on the TIRZ status, Kiltz says.

"We bought our property without needing the benefit of the TIRZ," Kiltz says.

Link

Share this post


Link to post
Share on other sites

I've closely watched the plans as they've unraveled for this site. Prior renderings showed considerably less ambitious plans, but these are completely new, albeit not entirely unexpected. Given the 'Grand Central Station' concept that is planned, there really couldn't be a better spot for new office space than in this development. They will have a serious competitive advantage, and the renderings that they show appear to incorporate a central corridor through the middle of the whole development that could provide a great ease of pedestrian movement. If they work it well, they'll be in an excellent position to capture major office tenants that otherwise would have located in the CBD.

In fact, this is one case where (of all people) Plastic's ideas would be well-suited. The pedestrian transport system that he'd come up with a few months ago could easily connect the transit hub with the further-reaches of this development without the pesky issues related to its implementation in existing areas of the city.

The only downside here is that financing could be difficult to obtain if they were trying to go forward with the whole project at once. From the looks of the renderings, it can easily be segmented into phases, which would likely be built out over the course of many years. Of course, that's just my speculation. If I had a billion dollars to throw around, I'd put it all up at once, betting that I could establish a critical mass of density that would have a synergistic effect on the lease-up process.

Share this post


Link to post
Share on other sites

Wow, that looks like an impressive project.

Cypress Real Estate used to be based in Houston. They developed my neigborhood, Longwood.

Share this post


Link to post
Share on other sites

Some cranes went upt last week over that way. Are they for part of this project or something else?

Share this post


Link to post
Share on other sites

Hate to make an Atlanta comparison, but this could become Houston's Bucktown, or whatever they call it. I know Houston already has Uptown to fill that role, but why not two?

Share this post


Link to post
Share on other sites
Hate to make an Atlanta comparison, but this could become Houston's Bucktown, or whatever they call it. I know Houston already has Uptown to fill that role, but why not two?

I hate to make this a comparison too, but Houston's Buckhead is Uptown. This is way to close to downtown to be considered that. I am sure news stories from this place will still say downtown. :D

Share this post


Link to post
Share on other sites

This could be great if the proposal comes to fruition. With a little more high and midrise development in the area, it would just about tie into downtown.

Share this post


Link to post
Share on other sites

I'm more interested in its potential impact on the 'hoods just to the north. A lot of charming, older housing stock up there, some of it still in good condition.

I love the planned access to the intermodal, too. Of course, that's "If" it comes to fruition. It's an ambitious project and it's going to take a few years to realize it. I hope no one has a stroke while waiting, given the lack of patience displayed by a few.

Calm down (in advance).

Share this post


Link to post
Share on other sites
Huh?

Typical comment with every new development. I think it really is him hiding his excitement. :wub: Anyway the business district down south is not exactly at full occupancy right now.

Share this post


Link to post
Share on other sites
Typical comment with every new development. I think it really is him hiding his excitement. :wub: Anyway the business district down south is not exactly at full occupancy right now.

If this is what Coog was referencing, then he needs to remember that an office project with significant competitive advantage over another competitive groups of buildings can either charge higher rents or expect to lease up quickly and stabilize at an occupancy that is higher than the other competitive buildings.

They have the locational advantage and would make for a good investment. If Coog's objective is to further development in a particular place, like the CBD, then this is bad. If you get sexually aroused, as I do :blush: , at the idea of a successful business venture (regardless of location or characteristics), then this is good.

Share this post


Link to post
Share on other sites

alright so what really matters is, is this thing a go, are those cranes in that area part of the project getting underway or something else, i would think so, why would they be doing anything to an area for no reason?

Share this post


Link to post
Share on other sites
alright so what really matters is, is this thing a go, are those cranes in that area part of the project getting underway or something else, i would think so, why would they be doing anything to an area for no reason?

The 2 cranes are for the new UH-D business college building that is being built on N. Main Street, directly south of this development.

Their IS work going on at Hardy Yards, but it is remediation, in preparation for construction. It looks to be nearly completed.

Share this post


Link to post
Share on other sites

Although the latest article, not necessarily a new one, said environmental work will take a while and construction is suppose to start in two years.

Share this post


Link to post
Share on other sites

oh yea i forgot about UHD doing their lil thing, im happy bout that, i like that UHD is expanding, thanx redscare for the update, but western gulf, 2 years? when was the article written? i pray 2004, lol

Share this post


Link to post
Share on other sites
oh yea i forgot about UHD doing their lil thing, im happy bout that, i like that UHD is expanding, thanx redscare for the update, but western gulf, 2 years? when was the article written? i pray 2004, lol

December 2005

from the article:

The Hardy Yards site requires substantial environmental remediation work that will take several months before redevelopment can begin.

Kiltz says development could start in about two years following the environmental work.

http://houston.bizjournals.com/houston/sto...ry2.html?page=1

Share this post


Link to post
Share on other sites

FWIW, there is a bit of new housing construction going on west of North Main and north of the proposed Hardy Yard project. Even better is that some of the existing housing stock in that area is being renovated and resold as upgraded housing.

It's kind of like the First Ward affect is moving north and east to a smaller degree.

In this, maybe the market is indeed shifting towards accomodating such a project.

  • Like 1

Share this post


Link to post
Share on other sites

heck yea, smart as well, man this city is building like crazy, i say 2 years from now we are gonna be lookin at a new houston, building are going up everywhere across the city

Share this post


Link to post
Share on other sites
The 2 cranes are for the new UH-D business college building that is being built on N. Main Street, directly south of this development.

Their IS work going on at Hardy Yards, but it is remediation, in preparation for construction. It looks to be nearly completed.

Just came back from downtown (yea, a had a couple) Anyways, as I was leaving La Carafe, taking my favorite back-street exit-strategy outa' downtown (Travis, under UHD, behind godfathers bail bonds and underneath I-10 elevated), I noticed the 2 huge cranes on the other side of the I-10 bridge. They look like some serious cranes for some serious gourmet structures. I guess that is the UHD expansion. It's looking good. I cant wait for all this to tie into the Hardy Yard project and the eventual Houston multi-modal transit terminal. This is whole area is a diamond in the rough to become a cool extension to downtown.

Share this post


Link to post
Share on other sites

GOOD NEWS everyone!

i was touring the area close to UHD on my lunch hour. Off Burnett and Main (North of I-10), it looks like they've been clearing that lot of land to begin construction. There were construction signs saying: CUSHMAN and WAKEFIELD. I called the number listed at 713-877-1700 and spoke with the broker.

I asked the man for some information regarding the project and he said it is indeed the Hardy Rail Yards development! So it looks like they're moving toward the project alot sooner than we all here expected

Before we know it, this project will be on wheels and we'll be seeing the new development boom just like Victory in Dallas has been experiencing! :)

Edited by scarface

Share this post


Link to post
Share on other sites

THATS GREAT NEWS NOW IF YOU COULD USE YOUR MAGIC TOUCH AND GET THEM STARTED ON THE INTERMODAL STATION, BECAUSE THE GREYHOUND AND AMTRAK STATIONS ARE A BIT INTIMIDATING TO PEOPLE WHO ARE NOT FAMILUAR WITH HOUSTON. I WOULD LOVE TO SEE THEM ALL TOGETHER IN A NEW GRAND STATION.

Share this post


Link to post
Share on other sites
I have a question. Will the Hardy Rail Yard development be a larger scale then Dallas Victory, or vice-versa?

No. Victory is 72 acres while Hardy is 50. Plus I do not believe Hardy will not have any sort of hotel space.

Edited by WesternGulf

Share this post


Link to post
Share on other sites
No. Victory is 72 acres while Hardy is 50. Plus I do not believe Hardy will not have any sort of hotel space.

someone said that retail isn't apart of the plan either but i'm wondering why in that second rendering, there's people walking around like they're shopping? :blink:

Share this post


Link to post
Share on other sites
someone said that retail isn't apart of the plan either but i'm wondering why in that second rendering, there's people walking around like they're shopping? :blink:

I read that too. Let's just hope the company has a sense of humor. :D IMO, it would be quite silly to have this huge swath of land with no sort of amenities to make it a walkable environment. Totally defeating the purpose. The layout of the plan has retail in the center of the development.

Share this post


Link to post
Share on other sites

Many moons ago before the Great Message Board Wipe, I wrote a post about a flight I took from Ellington on route to Love Field (via IAH). You flew over the Hardy Rail Yard Area and Victory in Dallas. From the air, you got a whole new appreciation for how much they approximate each other in terms of their location to their respective downtowns and their size. Sure, Victory is technically larger, but Hardy has the potential to register as significant an impact.

Share this post


Link to post
Share on other sites

What are the possibilities of this development getting Metro and the city to actually build the Inter-Modal station and commuter lines prefarbly down US 290/ Hempstead. If they would build a commuter line down 290 and have bus tranfsers at the Inter-modal and/or Downt Town that would be good enough to get me out of my car.

Edited by T 2 THA C

Share this post


Link to post
Share on other sites

Nice for that part of town. Alot of hopeful project for Downtown! (Pavillions, The Park, METRO, now this!)

But what about Midtown? will this take any opertunity Midtown might have to become not such a dump?

Share this post


Link to post
Share on other sites

That's some uber stuff we have going up soon!

Share this post


Link to post
Share on other sites

has anyone else tried calling that number?

Share this post


Link to post
Share on other sites
Nice for that part of town. Alot of hopeful project for Downtown! (Pavillions, The Park, METRO, now this!)

But what about Midtown? will this take any opertunity Midtown might have to become not such a dump?

As I understand the plan, the Greyhound station would be moved to the new station. Therefore removing the blight from midtown.

Edited by bkjones98

Share this post


Link to post
Share on other sites
As I understand the plan, the Greyhound station would be moved to the new station. Therefore removing the blight from midtown.

Imagine what could be done with that land at the current Greyhound Midtown site. Think it could be something big later on?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...