Jump to content

Regent Square: Mixed-Use On Allen Parkway At Dunlavy St.


Travel_n_Transport

Recommended Posts

I'm curious, why are developers constantly tearing down existing properties that generate positive revenue before they have secured financing for a replacement development?

Lenders tend to have a limited tolerance for risk, so they will sometimes require that a site be vacant and unencumbered, with all plans approved prior to making good on a loan agreement. There are ways for lenders to cut and run if they feel like it. Regardless...if a developer wants to make their proposal happen, they've got to at least make a good faith effort to get their ducks in a row and demonstrate their seriousness about the project. And part of that process is evicting everyone and tearing down what's there.

Link to comment
Share on other sites

  • 2 months later...

I like this development best of all the Houston projects and even though I'm pulling for it to happen as it is now in the renderings, I am prepared for the worst. This project even without the high rises is still a great one and urban neighborhoods and walkable areas like this would be exactly what Houston needs. Infill, Houston's getting plenty of that and more to come.

Link to comment
Share on other sites

  • 3 months later...

I don't want to blow things out of proportion, so I'm gonna step into the world of armchair developer for a minute.

When are they gonna get this project goin?

Its a little puzzling that a ton of apartments are goin up everywhere but not here. You would think they could at least put up one apt complex.

My highly sought after opinion is this: build that little park first and build out from there.

Imo this one project has the potential to change Houston than any other.

Link to comment
Share on other sites

i hope it this project hasn't been scrapped. It's frustrating because it was supposed to begin last fall (2011) and still no word of anything. I'm wondering if this might be going the way of the High Street project. I remember years ago they were saying that the High Street development was going to add new apartments or condos which would cause the Westcreek apartments to be razed, Well? Here we are 5 years later and still nothing.

It would be awesome if this RS happens, and along with the new "Central park" concept nearby. It would be a true urban paradise.

Link to comment
Share on other sites

  • 4 weeks later...

Heard this from someone in the real estate industry, hopefully the redesigning part is true!

Very little information is known about GID's time table for commencement of construction. It is rumored that they are redesigning portions of the plan due to the robust economy in Houston. This week surveyors were flagging the Allen House site which may indicate some advancements with the planning. I also have observed activity at the RS office lately. Last Thursday, the Dunlavy windows were open revealing a full-scale model of what is to come.
  • Like 1
Link to comment
Share on other sites

They probably want to add more apartments since that is now a hotter commodity than when Regency Square was originally designed. Glad to hear something in a forward direction is happening - even if it's only a rumor. This could be such a huge game-changer for Houston and it hasn't been talked about much lately. It might be the biggest and coolest "urban-style" project Houston has ever had if we're lucky.

Edited by Mister X
  • Like 2
Link to comment
Share on other sites

Remember this rendering? If included in the final design, we finally know what it's purpose is!

http://www.luisponsd...x-buildings.php

edit: David. M. Schwarz Architects have a good project sheet .pdf http://www.dmsas.com/resources/docs/81_1298177511_Regent%20Square.pdf

Regent Square - Launch

Houston, Texas

Design to be a free standing sculpture that will host a bar, the building suggest an airplane landing in the Regent square development. It opens it wings, increasing its high towards the main square, and reducing it towards the corner of the triangular lot shape. The interior mirrored ceiling works as a periscope that shows the experience of the interior towards the street. A optical billboard that becomes a living lantern of entertainment during the night and a reflecting street walk scene during the day.

122-07%20Regent%20Square%20-%20Launch_02_pro.jpg

1322252491.jpg

1322253120.jpg

Edited by lockmat
Link to comment
Share on other sites

AS much I hope this project get going, this thread has been going for more than 5 years, so I will believe it when I see it.

Me too. But in this new housing economy, it almost seems like a slam dunk. Plus, someone with their company told me to expect an announcement about The Sovereign in May or June. It'd be nice if RS was part of it.

Link to comment
Share on other sites

there appears to be fairly new townhouses on a portion of this site. are they going to be knocked down?

I assume you're talking about the townhouses on Greenwich Place & Terrace? No, they are not part of the development. In fact, you can barely make them out in the rendering you replied to, right at the top, one-third from the left.

Lockmat, the apartments in the top right were originally part of the plan, but just as a phase-two (currently occupied by Allen House apts. that didn't get knocked down). My guess is that if folks are getting notices at the other Allen House's and GID wants to add apartments to the original plan, they will/are just going to build phases one and two at the same time.

Link to comment
Share on other sites

Someone from Hartman-Cox architects replied to my email last week and said, "we have not been involved with this project in some time" and referred me to the developer.

I don't know if that is a neutral or bad sign. They aren't the lead architect. What is the role of architects after they have provided the developer with the drawings? Do they still have any involvment if no alterations are needed?

Edited by lockmat
Link to comment
Share on other sites

Someone from Hartman-Cox architects replied to my email last week and said, "we have not been involved with this project in some time" and referred me to the developer.

I don't know if that is a neutral or bad sign. They aren't the lead architect. What is the role of architects after they have provided the developer with the drawings? Do they still have any involvment if no alterations are needed?

This probably means very little at this point. Various architecture firms were commisioned as 'design architects' to give the buildings differenct architectural styles with Schwarz acting as the 'Master Plan Architect'.

For the most part, those firms did what they were commissioned to do already. Morris Architects was the production architect, or architect of record, and was commissioned to put the buildings and the CD's toegteher and then see it to construction.

The questionshould be- Is Morris Architects still involved in this project as the production architect and how much, if any, did the master plan change? It may actually be a good sign that Hartman-Cox had not been workign on this because their orginal design will stay the same. This is assuming the project is back online.

Link to comment
Share on other sites

  • 2 weeks later...

Where did you hear about that location?

It was mentioned somewhere a page or so back on this thread or "The Sovereign" thread. Also looking at the rendering, the bend in the road if you will also matched the location. It looks nearly the same as on google maps

  • Like 1
Link to comment
Share on other sites

Where did you hear about that location?

The 8 JE Dunn trailers have been there for awhile. They moved all the trailers out last week and left an empty lot. I talked to one of the people that were moving out and they said a high rise was coming, but had no further information.

  • Like 1
Link to comment
Share on other sites

Thanks.

So, this is going on W. Dallas between Rosine and Rochow?

Wow, that is directly across the street from me, Not sure what to think about that.

You should think that it would be AWESOME because you're going to be able to have a window seat of a high rise go up.

Ever ponder time lapse photography?

Link to comment
Share on other sites

edited, sorry. see above, correct now, right?

That's correct. That is an empty lot, and Allen House Apartments.

The block is bordered on the South with town homes and on the southeast by The Piedmont.

It was always supposed be part of phase 2 of Regent, but my guess is that they reversed the phases.

Edited by x_gd
Link to comment
Share on other sites

  • 1 month later...

I drove by the lot with the JE Dunn trailers this morning (across from Teala's on W. Dallas) and they were in the midst of some serious apartment demolitions on the lot immediately behind the trailers. I'm not sure if it's related to the Regent Square development, but this was the first I'd heard of any pending demolitions.

Link to comment
Share on other sites

  • 4 weeks later...

I wonder if UHY's move to the American Tower (which Bisnow claims is in Midtown) has anything to do with Regent Square?

UHY HEARTS MIDTOWN, TOO

After 30 years in Greenway Plaza, UHY is relocating to 90k SF in America Tower. (So if you live nearby, make sure to bring some baked goods and welcome them.) We chatted with Stream’sAnthony Squillante (pictured), who repped the tenant with colleagues Kyle Jacobs, John Pope, Jeremy Hunt, and Chris Johnson. (Cushman & Wakefield’s Bill Stone repped landlord American General Life Insurance Co.) It was difficult finding a block large enough to fit UHY, he says, even though the firm is reducingits footprint by 2,300 SF. (That's while increasing workforce and leaving room for a three-year growth plan.) Anthony says UHY really wanted a desirable office for employees, and it liked Midtown'samenities and price point. PBK designed its buildout.

http://www.bisnow.com/houston_commercial_real_estate_news_story.php?p=24377

Link to comment
Share on other sites

  • 5 weeks later...

Random thought...if Regent Square was anywhere close to breaking ground, wouldn't we be seeing retail space for lease? I find none of that online.

I think it is safe to say that this project, in the form we saw a few years back, is dead.

It seems as if the developer is going to proceed with an independent condo/apartment tower and I've seen nothing to suggest that it is part of a bigger plan at this point. It has been ghosltly quiet despite the fact that many projects have broken inside the inner loop including a number of large scale apartment complexes.

The retail component was such a small percentage of the majority of the building's floor print (ground level only) that they could have built the apartments and sustained until the retail was leased out. Ironically, The apartment demand is really HIGH right now and Regent Square would be doing really well if they had built it as per the original time frame a couple years back.

Unfortunately, the developer may have missed their opportunity as we are set to get a number of new apartment complexes int he near future and I have little confidence that the developer will move on this project, as we know it, anytime soon.

Link to comment
Share on other sites

I think it is safe to say that this project, in the form we saw a few years back, is dead.

It seems as if the developer is going to proceed with an independent condo/apartment tower and I've seen nothing to suggest that it is part of a bigger plan at this point. It has been ghosltly quiet despite the fact that many projects have broken inside the inner loop including a number of large scale apartment complexes.

The retail component was such a small percentage of the majority of the building's floor print (ground level only) that they could have built the apartments and sustained until the retail was leased out. Ironically, The apartment demand is really HIGH right now and Regent Square would be doing really well if they had built it as per the original time frame a couple years back.

Unfortunately, the developer may have missed their opportunity as we are set to get a number of new apartment complexes int he near future and I have little confidence that the developer will move on this project, as we know it, anytime soon.

Fortunately, that is not the case. There are a lot of things going on behind the scenes. It may not end up looking exactly how it did in the renderings, but it will certainly be developed into a dense, mixed-use project. It might take a few more years (or decades) than first expected, but, as of now, it's on track.

Link to comment
Share on other sites

  • The title was changed to Regent Square: Mixed-Use On Allen Parkway At Dunlavy St.
  • The topic was unlocked

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...