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BLVD Place/Hanover Towers/Apache Headquarters


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11 hours ago, gene said:

Went to Ninfa's at 5pm last night! They have a Happy Hour Menu from 3pm to 6pm that includes about 10 appetizers and some drinks.

Their chips with salsa and green dip were just as good as always and I went ahead and just ordered off the regular menu...beautiful large bar area and plenty of seating indoors and out as you can see from previous photos.

The place was busy but not jam packed so it was perfect and we got a seat at the bar no problem at all...and there didn't seem to be a wait for a table when we left at 630pm although all tables seemed filled.

Super smooth opening in my opinion!

 

 

Thank you for your sacrifice to provide us with this intel comrade. In all seriousness I think I many have to go check this out soon. 

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11 hours ago, jmitch94 said:

 

Thank you for your sacrifice to provide us with this intel comrade. In all seriousness I think I many have to go check this out soon. 

 

haha! yes the sacrifice was large indeed. 😋 You're welcome 

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5 minutes ago, gene said:

Since I personally had no idea a Boulevard Project topic existed in a Trains section...i will post this info here too in case others didn't and want to see the new timeline for it:

 

https://communityimpact.com/houston/bellaire-meyerland-west-university/transportation/2019/08/12/transportation-updates-uptown-boulevard-project-brt-and-bellaire-street-projects/

 

Uptown Boulevard Project and bus rapid-transit line

Construction is making headway on the city’s first bus rapid-transit line, the Uptown BRT, as part of the Uptown Management District’s Boulevard Project. According to the district, new traffic signals are up and running in the north segment and will be operational along all of Post Oak Boulevard by the end of September. In addition, transit stations are under construction along Post Oak, with completion by Nov. 1.The Metropolitan Transit Authority of Harris County expects to launch METRORapid, the name for the BRT service, in March 2020.

The new Uptown/Westpark Transit Center, south of Westpark and just outside I-610, is also under construction. The Texas Department of Transportation is building an elevated segment of bus lanes from Post Oak to North Post Oak Road along I-610, connecting to the Northwest Transit Center, which is being upgraded by METRO.

Timeline: February 2017-December 2019
Cost: $130 million
Funding source: Uptown Management District

 

 

I wonder if the Uptown Lighting will still take place this year or will they change it to 2020?

 

 

I hate to be that guy but this already has a post.  Mod please remove  @Triton  @Urbannizer

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If anyone has full access:

 

https://www.costar.com/article/533361720/whitestone-aims-to-invest-in-e-commerce-resistant-properties-with-recent-sale-proceeds

 

Whitestone REIT sold three industrial properties that will help it raise cash to invest more in properties such as this Whole Foods-anchored shopping center in Houston it bought in 2017.

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From Costar:

 

Whitestone REIT, a Houston-based real estate investment trust, sold three industrial sites and plans to invest the proceeds into “e-commerce resistant" properties.

All three properties are in the Houston area and traded for a total of $39.7 million, according to filings with the Securities and Exchange Commission. Whitestone received $11 million in cash as a result of last month's sales, which were part of a joint venture with Houston-based Pillarstone Capital REIT.

HMC Fuller bought the portfolio, which included: Corporate Park West at 1718 N. Fry Road, Plaza Park at 7503 South Freeway and Corporate Park Woodland at 210-240 Spring Hill Drive in The Woodlands, according to the filing.

Overall, Whitestone owns 57 properties, comprising 4.8 million square feet, that were 90.4% occupied at the end of the third quarter, up from the 89.4% occupied rate at the end of the second quarter, but down from the 91.9% occupied rate at the end of the third quarter last year.

"We tend to focus on service tenants, not soft line retailers that today are fighting to stay relevant," Jim Mastandrea, Whiteston'e CEO, said in an earnings call.

The company’s average annual rent per square foot grew 4% year-over-year from $19.64 per square foot in the third quarter to $18.97 per square foot in the same quarter last year.

Whitestone signed 68 leases in the third quarter, representing $18.6 million in total lease value and comprising 175,714 square feet, Dave Holeman, Whitestone’s chief financial officer, told investors on the call. That compares to 75 leases representing $23.8 million and comprising 170,944 square feet for the same quarter last year.

During the third quarter, Whitestone completed development of two multitenant sites in Anthem, Arizona, and a 100% lease-up of a multitenant pad side in Chandler, Arizona.

Whitestone's "e-commerce resistant focus is primarily on local and service-based entrepreneurs," said Mastandrea on the call.

The REIT posted a net income of $1.8 million in the third quarter this year, compared to $7.8 million for the same time last year.

"Our model has greatly reduced our exposure to the headwinds affecting others in our space," Mastandrea said in a statement.

Another Houston-based REIT, Weingarten Realty Trust, expects to sell up to $450 million in properties this year as it transforms its portfolio to centers anchored by trendy grocery stores and new residential development projects.

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With these 3 Hanover developments facing the backside of BLVD place, I hope there is a some thought put into creating a welcoming facade on the west side of whatever becomes BLVD Phase III (assuming Apache sells).  Otherwise, all that fantastic development is going to see nothing but parking lots and dumpsters (i.e. BLVD Phase I)

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https://www.marketwatch.com/story/apaches-stock-rockets-toward-biggest-gain-in-nearly-50-years-after-company-strikes-oil-2020-01-07

 

Maybe the vacant lot  between  La Table and Verizon gets a hq building  after all. Apache has a 50% profits interest  after cost recovery in a new offshore oilfield discovered off the coast of 
Suriname, in South America. It's adjacent to a field in Guyana that will be yielding  almost  barrel of oil a day for each person in that country by mid-decade. 

Edited by Skyboxdweller
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After finally getting all of this plotted on the map, the only latest and greatest master plan of this is from 2013? Hopefully with things ramping up over here again we will get an update. So much has change in terms of trends and urban design in this town even since 2013.

 

83jfGVB.jpg

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On 1/8/2020 at 8:26 PM, Luminare said:

After finally getting all of this plotted on the map, the only latest and greatest master plan of this is from 2013? Hopefully with things ramping up over here again we will get an update. So much has change in terms of trends and urban design in this town even since 2013.

 

83jfGVB.jpg

Does anyone know who owns the building site identified for a future residential tower on San Felipe?  If it ever gets designed it would be great to have a multi-use building with  more retail/service businesses on the ground level of  Post Oak Lane, especially if IW and 3 get built out in the manner of the Whole Foods complex, and a floor or two of office space. 

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14 minutes ago, LBC2HTX said:

Per HCAD it's Owned by "BOULEVARD RESIDENTIAL LLC" since 2009.

https://arcweb.hcad.org/parcelviewer/

 

Do we know if Hanover broke these pieces up into subsidiaries? Typically from what I've been seeing while plotting on the map is that the official "owner" is an LLC that operates that one piece of land, but is a subsidiary to a bigger company. Interestingly enough I've seen a few companies do this with their general contractors as well if its a big company. While plotting some of the Alta developments its interesting how they create individual LLC's for each development as the GC doing the construction.

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On 1/13/2020 at 12:33 PM, LBC2HTX said:

Per HCAD it's Owned by "BOULEVARD RESIDENTIAL LLC" since 2009.

https://arcweb.hcad.org/parcelviewer/

 

Address is on LBJ Freeway in Dallas.

 

5420 LBJ FREEWAY STE 1310

 

Appears to be MetLife.

On 1/13/2020 at 12:51 PM, Luminare said:

 

Do we know if Hanover broke these pieces up into subsidiaries? Typically from what I've been seeing while plotting on the map is that the official "owner" is an LLC that operates that one piece of land, but is a subsidiary to a bigger company. Interestingly enough I've seen a few companies do this with their general contractors as well if its a big company. While plotting some of the Alta developments its interesting how they create individual LLC's for each development as the GC doing the construction.

 

Appears to be owned by MetLife.  But whoever owns it, they would almost certainly put it in a "special purpose entity".

Edited by Houston19514
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On 1/9/2020 at 10:41 PM, ChannelTwoNews said:

 

Perhaps the Ritz Carlton plan comes back to life after a decade-plus? Even at it's shortest, it was still 53 floors.

 

I can always dream at least...

 

Image result for Ritz Carlton BLVD Place Houston

 

 

 

 

That's immediately what I thought of. Depending on who said this, you have to be careful when people tell you info because it simply can be old and outdated. Hopefully it's something new though!

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On 1/13/2020 at 6:39 PM, Triton said:

 

That's immediately what I thought of. Depending on who said this, you have to be careful when people tell you info because it simply can be old and outdated. Hopefully it's something new though!

@ekdrm2d1, that wasn't a swipe at you btw. I meant whoever the person who told you the information.

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Ekdrm2d1's source could be onto something, here's a quote from an article I posted back in Feb. 2017

 

The future “phase three” project could be a number of different things, including more upscale apartments, senior homes or even a luxury hotel, Bowden said. If it’s a hotel, Hanover plans to partner with a hospitality operator to execute that strategy, he said.

 

In the end only time will tell.

 

 

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On 1/13/2020 at 1:11 PM, Houston19514 said:

 

Address is on LBJ Freeway in Dallas.

 

5420 LBJ FREEWAY STE 1310

 

Appears to be MetLife.

 

Appears to be owned by MetLife.  But whoever owns it, they would almost certainly it in a "special purpose entity".

 

metlife has had numerous conversations w Hines on a multi-family or mixed use development at BLVD Place in the past. my understanding was that it was for the northern most parcel fronting san felipe but it certainly may have been this site. either way, metlife will almost certainly develop.

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10 minutes ago, swtsig said:

 

metlife has had numerous conversations w Hines on a multi-family or mixed use development at BLVD Place in the past. my understanding was that it was for the northern most parcel fronting san felipe but it certainly may have been this site. either way, metlife will almost certainly develop.

 

Good info.  Thanks.

 

The parcel I was referring to as being owned by MetLife is the northern most parcel, fronting on San Felipe.

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On 1/15/2020 at 12:23 PM, Houston19514 said:

 

Good info.  Thanks.

 

The parcel I was referring to as being owned by MetLife is the northern most parcel, fronting on San Felipe.

Thanks for the information.  There is an opportunity to bracket the pocket park that occupies the site of the former fortune teller with a use that benefits from the green space, like an outdoor dining terrace

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29 minutes ago, mls1202 said:

New bus rapid transit along Post Oak Boulevard

 

driving along post Oak today and I saw the new buses that will be running along the BART route. I have to admit they are better than I thought they would be. 


Houston Chronicle reported today that the test period is delayed but will start in spring for 3 months and passengers expected to start riding in july 

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Rise closes its only Houston location, vacating Blvd Place

https://www.bizjournals.com/houston/news/2020/01/30/dallas-based-restaurant-chain-closes-houston.html?iana=hpmvp_hstn_news_headline

 

Quote

 

Rise, a Dallas-based French restaurant known for its airy souffles, closed its Houston outpost, Rise nº2, on Jan. 28. 

 

The restaurant was in Blvd Place, a prominent mixed-use development at the corner of Post Oak and San Felipe St. Blvd Place also is the site of other noteworthy restaurants The Original Ninfa’s Uptown, True Food Kitchen and North Italia. Ninfa's is the most recent restaurant addition to Blvd Place, taking the former Peska spot, which had been vacant for a year and a half.

Rise nº2 opened in 2016. 

 

A representative with Rise provided the following statement, which was also posted to Facebook: 

 

After four years and tremendous effort from our entire staff, we made the difficult, but necessary, decision to close our Houston location on January 28th 2020.

We are very grateful for all of you who came to appreciate and enjoy our rise soufflés, and discover that we are more than simply a restaurant. We always strive to have rise become a part of each community we serve. Our goal is always to make rise an overall experience, so that the guest will find “rise isn’t your occasion place, it’s your daily place."

In the end, this was not to be the case for Rise nº2. We look forward to seeing you whenever you are in Dallas, Fort Worth, or our new Rise nº4 Austin location opening in late fall of 2020.

 

 

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that is a shame as it was a favorite for some people i know...

i think the main problem was a lot of people just didn't know it was there and those that saw it weren't sure how to get to it or knew what it was. i think had it been on the ground floor it would have fared better. 

 

 

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On 2/1/2020 at 9:15 PM, ekdrm2d1 said:

Good riddance to dallas businesses pulling out of the best and most dynamic city in Texas.  I am not surprised by this type of decision making one bit.  And, it has nothing to do with our booming great city economically and population-wise, which dallas always seems to be so envious of.  But, that leopard probably won't ever change it's very vain spots at this point.

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I don't know what having a branch of a restaurant that opened in another city has to do with success or failure .  We have plenty of restaurants in Houston owned or operated by non=locals and they seem to fill a niche and stay open for decades.  I think the not invented here defense is too limiting.  Would you not buy warm bread from an outpost of the best bakery in Paris even if the local version was only 90% as good?

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  • 4 months later...
  • Highrise Tower changed the title to BLVD Place/Hanover Towers/Apache Headquarters

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