Boris Posted November 13, 2006 Share Posted November 13, 2006 5.4-Acres of Land on San Felipe Street & Woodway Drive. Google Satellite has the following addresses on the vacant parcel: 7503 San Felipe Street 7709 San Felipe Street 7715 San Felipe Street 7727 San Felipe Street Seniors' condo to be built at Memorial Villages Houston Business Journal - 12:59 PM CST Mondayby Allison WollamHouston Business Journal http://www.thesterlingseniorcondo.com/memorialvillage/images/photo_rendering.jpg Sunrise Senior Living is planning the first high-rise condominium inside Beltway 8 to offer home ownership exclusively for seniors. The 27-story Sterling at Memorial Villages will be located on the west side of Voss between San Felipe and Woodway, near the upscale neighborhoods of Memorial Villages, Briargrove and Tanglewood. The high-rise, to open in June 2010, will feature 166 residences that will be priced from the high $400,000s. One-, two- and three-bedroom condominium options are available, ranging from approximately 950 square feet to 2,200 square feet. http://houston.bizjournals.com/houston/sto...tml?jst=b_ln_hl 1 Quote Link to comment Share on other sites More sharing options...
Gary Posted November 13, 2006 Share Posted November 13, 2006 "The 27-story Sterling at Memorial Villages will be located on the west side of Voss between San Felipe and Woodway, near the upscale neighborhoods of Memorial Villages, Briargrove and Tanglewood". Isn't there a shopping center at this spot? Quote Link to comment Share on other sites More sharing options...
texasdago Posted November 14, 2006 Share Posted November 14, 2006 This must be the old Michael's location... where Chipotle is located. That center has been sliding for years and it is a sizable property. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted November 15, 2006 Share Posted November 15, 2006 I notice that with a lot of newer highrise buildings (usually office), there is this trend to install these fake things that look like they should be used to support retractable awnings that could be used as some sort of energy-saving device. But they don't do anything and are seemingly functionless. This building has particularly large ones at the top. But they're also on METRO's headquarters, the new 14-story buildings going up in Westchase, on one of the Energy Corridor highrise buildings between Dairy Ashford and Eldridge, and in the new UH library. What is it with these things? Any architects want to explain the appeal? Or is this just a tacky 00's fad? Quote Link to comment Share on other sites More sharing options...
VicMan Posted November 15, 2006 Share Posted November 15, 2006 Yeah - Sunrise operates a lot of senior homes across the U.S...My grandmother lives in one of them. Quote Link to comment Share on other sites More sharing options...
BuilderGeek Posted January 30, 2007 Share Posted January 30, 2007 This is the sign for The Sterling which will be on Voss at San Felipe where the Chipotle strip center is now...first time I have seen the whole rendering for this...they have a sales center opening soon by Carabba's on Voss too it looks like...kinda boxy building, but an okay addition IMHO...if it happens. Sign: Beside Carabbas: Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 31, 2007 Share Posted January 31, 2007 First time I've heard or seen this before, looks good for an old folks' home! Glad to see another Highrise... inbetween Uptown & Westchase. However, the rendering looks something like a rendering i've seen for a senior living highrise in Dallas... Which raises a question since the landscape in this rendering includes hills/mountains. Quote Link to comment Share on other sites More sharing options...
BuilderGeek Posted February 7, 2007 Share Posted February 7, 2007 (edited) First time I've heard or seen this before, looks good for an old folks' home! Glad to see another Highrise... inbetween Uptown & Westchase. However, the rendering looks something like a rendering i've seen for a senior living highrise in Dallas... Which raises a question since the landscape in this rendering includes hills/mountains. Looks like they're doing one in Dallas too...The Sterling of Turtle Creek. Guess they're putting them in lots of places. A little different but the one in Dallas looks more like an office building to me. Edited February 7, 2007 by BuilderGeek Quote Link to comment Share on other sites More sharing options...
KinkaidAlum Posted February 7, 2007 Share Posted February 7, 2007 They're also building one in The Woodlands along the Waterway. It will be 10 stories. Quote Link to comment Share on other sites More sharing options...
BuilderGeek Posted October 6, 2007 Share Posted October 6, 2007 The Web site on the above sign is dead and their location listing on the main site doesn't have Woodlands or Memorial Villages listed anymore. Anyone heard about cancellations? One might assume they're a no-go... http://www.thesterlingseniorresidences.com/locat.aspx Quote Link to comment Share on other sites More sharing options...
DJ V Lawrence Posted November 23, 2007 Share Posted November 23, 2007 5.4-Acres of Land on San Felipe Street & Woodway Drive. Google Satellite has the following addresses on the vacant parcel: 7503 San Felipe Street 7709 San Felipe Street 7715 San Felipe Street 7727 San Felipe Street http://www.chron.com/disp/story.mpl/headli...iz/5323129.html A New York developer is planning two condominium towers on San Felipe near the tony neighborhoods of Tanglewood and Memorial. The company chose Houston as the location for the project because of its strong economy and unmet demand for luxury high-rise housing, development executive Sara Mirski said. Plans for the 5.4-acre site, at the corner of San Felipe and Woodway, include two towers with 27 residential floors and a total of 223 condominiums surrounded by lush landscaping and fountains. The project is being developed by Azorim, an Israeli real estate firm whose shares trade on the Tel-Aviv Stock Exchange. Brooklyn-based Boymelgreen Developers, whose founder owns 64 percent of Azorim, is managing the project. Sales will begin next fall on the units, which will start at $1 million and average 2,500 square feet. A sales center will be built across from the building site, which now houses a cluster of low-rise commercial structures. In recent years, other developers have tried to hawk similarly priced units, but their buildings never came out of the ground. The developers gave various reasons for the cancellations, including market uncertainties related to Hurricane Katrina and slow unit sales. ** The article then gives an update on the Turnberry project across from the Williams Tower. Quote Link to comment Share on other sites More sharing options...
nate Posted November 23, 2007 Share Posted November 23, 2007 The print edition has a mini site plan as well.I thought it was interesting that they are willing to build it on a spec basis."Mirski said the development of the Azorim project is not dependent on preselling a portion of the units, which will all come completely finished."We believe in the product," she said. "We're willing to move forward without sales."" Quote Link to comment Share on other sites More sharing options...
sttombiz Posted November 23, 2007 Share Posted November 23, 2007 Is this the same location as the proposed retirement community high rise? In the Chipotle parking lot? Otherwise I know of know lots on the corner of San Felipe and Woodway seeing how the two are parallel. Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 23, 2007 Share Posted November 23, 2007 The small site plan from today's paper. Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 23, 2007 Share Posted November 23, 2007 yeah, that's the site of the where the retirement community highrise was supposed to go.pretty cool project... i work right across the street from there. Quote Link to comment Share on other sites More sharing options...
sanman Posted November 23, 2007 Share Posted November 23, 2007 This site has been tapped for a luxury high rise for at least 3 years and was not the site where the retirement community was going to go. The site is currently a 2-story wooden office park type development on San Felipe west of Voss and just east of the Bayou. There used to be a Kinkos on the east edge of the property.Also - go to www.mapquest.com and type in 7703 San Felipe St, Houston, TX 77063 - you'll see where San Felipe and Woodway intersect. Quote Link to comment Share on other sites More sharing options...
editor Posted November 23, 2007 Share Posted November 23, 2007 I thought it was interesting that they are willing to build it on a spec basis."Mirski said the development of the Azorim project is not dependent on preselling a portion of the units, which will all come completely finished."We believe in the product," she said. "We're willing to move forward without sales.""Finally, the mindset that built Tokyo, Dubai, and even New York in the early 1900's comes to America. I'm glad it landed in Houston. Hopefully it spreads. Quote Link to comment Share on other sites More sharing options...
lockmat Posted November 24, 2007 Share Posted November 24, 2007 Finally, the mindset that built Tokyo, Dubai, and even New York in the early 1900's comes to America. I'm glad it landed in Houston. Hopefully it spreads.What mindset? Belief in their product? Spec development?Is this mindset not normal for the most part in the US? Quote Link to comment Share on other sites More sharing options...
Triton Posted November 24, 2007 Share Posted November 24, 2007 What mindset? Belief in their product? Spec development?Is this mindset not normal for the most part in the US?The belief that you don't need sales to begin a project. Anyway, I completely agree. The Chicago Spire didn't have sales, and look, they're building it! :closedeyes: Quote Link to comment Share on other sites More sharing options...
lockmat Posted November 24, 2007 Share Posted November 24, 2007 The belief that you don't need sales to begin a project. Anyway, I completely agree. The Chicago Spire didn't have sales, and look, they're building it! :closedeyes:I thought that some sales were sometimes needed in order to get financing? Quote Link to comment Share on other sites More sharing options...
swtsig Posted November 24, 2007 Share Posted November 24, 2007 This site has been tapped for a luxury high rise for at least 3 years and was not the site where the retirement community was going to go. The site is currently a 2-story wooden office park type development on San Felipe west of Voss and just east of the Bayou. There used to be a Kinkos on the east edge of the property.Also - go to www.mapquest.com and type in 7703 San Felipe St, Houston, TX 77063 - you'll see where San Felipe and Woodway intersect. yeah, you're right. guess i didn't look too closely at the map i'm right next door to those old wooden office buildings, so either way i'll have a good view. wonder what's in store for the property on voss where the retirement community was slated to go? Quote Link to comment Share on other sites More sharing options...
banking214 Posted November 24, 2007 Share Posted November 24, 2007 yeah, you're right. guess i didn't look too closely at the map i'm right next door to those old wooden office buildings, so either way i'll have a good view. wonder what's in store for the property on voss where the retirement community was slated to go? From what I know, the retirement facility is still planned. You can visit the sales center across the street. It is next to Buffalo Grille. I am sure the homeowners in Farnham Park are really going to love new neighbors peering down on them. Quote Link to comment Share on other sites More sharing options...
ChannelTwoNews Posted November 24, 2007 Share Posted November 24, 2007 (edited) From what I know, the retirement facility is still planned. You can visit the sales center across the street. It is next to Buffalo Grille.I am sure the homeowners in Farnham Park are really going to love new neighbors peering down on them.There isn't a sales center in that strip, or the other one across Woodway. The one across from both along Voss is completely vacant, and I assume where the Sterling tower would be located. I was out that way about an hour ago, so unless it was in really small letters or only in a window... I don't think it's there anymore. Edited November 24, 2007 by ChannelTwoNews Quote Link to comment Share on other sites More sharing options...
banking214 Posted November 25, 2007 Share Posted November 25, 2007 There isn't a sales center in that strip, or the other one across Woodway. The one across from both along Voss is completely vacant, and I assume where the Sterling tower would be located. I was out that way about an hour ago, so unless it was in really small letters or only in a window... I don't think it's there anymore.It has been a few months since I was in the center, but they did have leasing space across the street. I did Google and found the site, however it is down. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted November 25, 2007 Share Posted November 25, 2007 This site has been tapped for a luxury high rise for at least 3 years and was not the site where the retirement community was going to go. The site is currently a 2-story wooden office park type development on San Felipe west of Voss and just east of the Bayou. There used to be a Kinkos on the east edge of the property.Also - go to www.mapquest.com and type in 7703 San Felipe St, Houston, TX 77063 - you'll see where San Felipe and Woodway intersect.Is this near the old Dolce and Freddo's used to be. I miss that location. Quote Link to comment Share on other sites More sharing options...
Triton Posted November 25, 2007 Share Posted November 25, 2007 I thought that some sales were sometimes needed in order to get financing?Exactly... and in some cases, that it needs to be nearly sold out before they can begin construction.It's interesting that, since we have a falling dolar, many foreign entities are focused on this Houston project. Quote Link to comment Share on other sites More sharing options...
lockmat Posted November 25, 2007 Share Posted November 25, 2007 Exactly... and in some cases, that it needs to be nearly sold out before they can begin construction.It's interesting that, since we have a falling dolar, many foreign entities are focused on this Houston project.So are they able to do this b/c they're probably getting financing from a non-American lender? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted November 26, 2007 Share Posted November 26, 2007 It's interesting that, since we have a falling dolar, many foreign entities are focused on this Houston project.There are three factors that ensure that foreign investors will continue putting money in U.S. real estate: 1) many believe that the dollar is about to bottom out, and if they've got money tied up in Dollars while the value stabilizes or begins to increase relative to their own currency, then they can make money just from currency transactions, 2) many nations have currencies that are pegged to the dollar or are heavily dependent on dollar-denominated oil production, eliminating or significantly curtailing currency risk, and 3) we're the default investment-of-first-resort for a lot of countries that perceive us as having the most stable political and legal system. Quote Link to comment Share on other sites More sharing options...
REALaw Posted November 26, 2007 Share Posted November 26, 2007 Why is Azorim selling their Galleria property (Post Oak & Richmond)? I thought they were going to do a condo/commercial development there. Quote Link to comment Share on other sites More sharing options...
houston-development Posted November 27, 2007 Share Posted November 27, 2007 the san felipe / voss (the article mistakenly says woodway/voss) site is NOT the retirement site. ive mentioned this before but unable to disclose the actual location.. its an old retail center on the south side of san felipe and west of voss. the only tenant i can recall was fedex, which vacated a while ago.in regards to the retirement development, that land is currently for sale. a marketing sign just went up over the weekend.finally, they are still moving forward with richmond/post oak, only selling off out-parcels. Quote Link to comment Share on other sites More sharing options...
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