Jump to content

TowerSpotter

Full Member
  • Posts

    985
  • Joined

  • Last visited

  • Days Won

    10

Posts posted by TowerSpotter

  1. Thankfully it is!

     

    I think even those of us who are the strongest supporters of "tear it down" would agree that Downtown Houston has far too many empty lots.

     

    I wonder if Ziegler Cooper is the architect (yet again) on this residential highrise?  They seem to have that corner all to their selves in this town.

     

    I love Zieglar Coopers work, they seem to do a good job with every design.

  2. Apache tower mentioned on Bisnow, saying the are being worked on.

     

    http://www.bisnow.com/commercial-real-estate/houston/the-future-of-uptown/

     

     

     

    Cushman & Wakefield executive vice chairman Tim Relyea (here to the right of Harvey's Joe Cleary) says Uptown's greatest challenge is itsproduct age and supply constraints—it's in danger of being a feeder market to Downtown and West Houston. Companies in the submarket want to stay, but they also want state-of-the-art facilities, which is forcing some to relocate. (Tim reps BG Group and says it would've stayed in the Galleria if there was a cutting-edge building for it to go to.) He believes the market needs to get some new product in the ground tostay relevant. Tim represents two companies who are sticking around through new development, Apache and BHP Billiton.

     

     

  3. Bizjournals:

     

    http://www.bizjournals.com/houston/blog/breaking-ground/2013/11/happy-retail-tenants-could-slow.html

     

     

    PM Realty Group has plans to turn a long-standing strip center in Montrose into a mixed-use development, but prosperous tenants in the location are not prepared to close their doors just yet.

     

    The Houston-based real estate company purchased the 2.14-acre block at Montrose and Westheimer earlier this year with the knowledge that the tenants, Half Price Books, Spec’s, Papa Johns, 3-6-9 China Bistro and Jack in the Box, had long-term lease agreements in place.

     

    At this point, they are in negotiations in the tenant buyout phase, and design plans for the new structure are not finalized.

    “We knew, going in, it would tie us up for at least seven to 10 years,” said Wade Bowlin, executive vice president with PM Realty Group. “If we could work out a way to get the property sooner, mixed-use would be our intent.”

     

    PM Realty Group did not share early design plans, but several sources confirmed the mixed-use structure could include residential with retail on the ground floor.

     

    The Half Price Books in the strip, at 1011 Westheimer, takes up 8,000 square feet, and sales were up 14.5 percent in October from the same month in 2012.

     

    The company said it has yet to make a decision on whether to stay in the current center after construction is complete or move to another location.

     

    “We are in conversations and negotiations with them (the owner),” said Kathy Doyle Thomas, executive vice president. “We are talking amicably about it, and they really want us to stay. But we would have to move out for a couple of years, and we haven’t made that decision yet.”

     

    Bowlin said the project could still be years away, and if at some point the company is unable to buy out the groups there, PM Realty will begin to lease the vacant space in the strip.

     

    • Like 4
  4. Speaking of this area what happened to the Wetheimer + Montrose strip center where Half price Books and Specs holds down the whole center. What ever happened to the purchase. Wasn't someone talking about redeveloping that major piece of property into a West Ave. type mixed use project? Maybe with the news of this Hanover project it will spur on the other development.

    Does anyone know any more about that. Thanks!

     

    Hanover has really jumped in feet first. The Galleria area, two projects in the village and now this, besides a few more I know I'm leaving out..

     

    That is going to be turned into a mixed use projects. The developer is PM Realty Group. Just announced today.

     

    http://www.bizjournals.com/houston/blog/breaking-ground/2013/11/happy-retail-tenants-could-slow.html

  5. Notice those rusty-looking three-piece steel sculpture thingies they have scattered about?  Those also show up in the 5 Allen Center rendering.  Probably they are supposed to indicate that the buildings are all part of Allen Center.  One would never know it from the architecture.  

     

    Yea, I noticed it too. lol. I think also that they are adding a new parking garage (in the first rendering on 5 Allen Center thread) 

  6. I read this off Strategic Advisory Group.

     

    http://strategicadvisorygroup.net/mixed-use-development-pasadena-tx/

     

     

     

    SAG is assisting the Pasadena Second Century Corporation and the City of Pasadena, TX with understanding the development potential of underutilized land surrounding the Pasadena Convention Center & Fairgrounds Complex.  The site area encompasses over 200 acres.  Our services included researching similar-sized communities nationwide to gain an understanding of what other suburban locales offered.  The study is focused primarily on hotel, restaurant, retail, water park, amphitheater, and theme parks and understanding the supply, demand, pricing and financing factors that impact their feasibility.

     

    • Like 1
×
×
  • Create New...