CREguy13
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Everything posted by CREguy13
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Market Square Tower: 40-Story High-Rise At 777 Preston St.
CREguy13 replied to Urbannizer's topic in Downtown
I will see you there - friends just moved in this month.- 1,894 replies
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- downtown
- jackson ryan architects
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Parkside Residences: Multifamily High-Rise At 808 Crawford St.
CREguy13 replied to largeTEXAS's topic in Downtown
Hopefully we get an update on this project in the coming weeks as the Marriott clears its staging area. Whether its shelved, delayed, or moving forward, any update would be appreciated.- 1,224 replies
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- multifamily
- ziegler cooper
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Although we haven't quite gotten to the big show, this city and all of its public-private partnerships has done an incredible job transforming this corner of the CBD. I think it will show great to investors from around the country/world that will be here during the festivities.
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@BTT what do you propose this site should be used for? Stating City Center was a failure early on carries little weight when it is repeatedly used as an example of mega successful mixed-use projects. Several people on this forum are in the industry, so be careful not to lose credibility early on. There is nothing controversial about this article.
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The last picture with Williams Tower in the distrance. Great shot.
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I couldn't agree more, have had a few coffee meetings at Rossini and the entire project was so well done and a huge compliment to the neighborhood. I wouldn't be surprised if we saw more small boutique office buildings with the same high quality be proposed for the area. SFP is wonderfully done.
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- retail
- ziegler cooper
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This is such a beautiful building. This will have such an effect on this side of downtown during the next building cycle.
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Chevron Skyscraper Proposal At 1600 Louisiana St.
CREguy13 replied to tangledwoods's topic in Going Up!
Highly unlikely. They own both former Enron bulidings and lease about 1m SF in 1600 Smith and Two Allen.- 1,170 replies
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- skyscraper
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The landlord of 723 Main had stopped all new leasing activity about a year ago. They've been trying to restructure this for sometime now. Really happy to see they found a great flag for the immediate area.
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- eugene slater
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moved to corner of Welch and Revere. Up to 9 floors from 6. 33 units
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- mirador group
- pelican builders
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Imagine the continued effect as 609 Main delivers next door.
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- eugene slater
- downtown
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I'm very excited for this project, but I think I'm more excited for the 'Hines' effect that will take place within a few blocks radius of here. There is a lot of surface lots nearby, that will likely be hitting the drawing boards soon if they haven't already. A lot of national law firms and high-credit tenants are trading papers on this building right now, in addition to United Airlines and Kirkland. These projects may be 5-7 years away, but the future is bright for downtown Houston.
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BLVD Place Mixed-Use: 1700 Post Oak Blvd.
CREguy13 replied to Subdude's topic in Uptown and Galleria Area
That would be great, but Oxy restructured their lease for a long term so who knows whether they would hold the land. If Apache were to be acquired, Oxy may sell the land back to the original developer. This wouldn't necessarily be bad for BLVD Place and the area.- 2,416 replies
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- whitestone reit
- mixed-use
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Maybe this has already been reported here, but I was told today that of the 31,000 SF of retail space there will be two restaurants (one high-end and one more americana) and a food market with about 18-20 different food vendors. There will be some additional space, but these seem to be certain. I think the food market will do really well in this area. Construction start is 8/16 with estimated completion 4Q 2017.
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- munoz + albin
- downtown
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The Galleria Mall At 5085 Westheimer Rd.
CREguy13 replied to TreaderCRC's topic in Uptown and Galleria Area
Obviously the flag is still being determined, but I would assume Ritz & Residences is of the 3. This seems to fit their profile and being connected to the Saks/Galleria Luxury wing makes sense. It's amazing how much this W. Alabama/Sage intersection as changed over the past 3 years. -
Corporate Plaza Buildings On Kirby Dr.
CREguy13 replied to lockmat's topic in River Oaks/Upper Kirby/Greenway Plaza/Bissonnet
I'm not sure who bought the land, but Midway's intention is to make this another City Centre type development. The office and residential component were just the first projects off the ground. If you look at the site you'll notice that a lot of the land surrounding Kirby Grove is very old and tired and likely will become attractive investments soon. Madison Place apartments just to the east of Levy Park are 40-50 years old and no longer work for this area of town. If you look at an aerial view you will see there is a lot of potential in the bounded area of Richmond, Kirby, US 59, and Buffalo Speedway.- 113 replies
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- upper kirby
- triyar companies
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I-45 Rebuild (North Houston Highway Improvement Project)
CREguy13 replied to ToryGattis's topic in Traffic and Transportation
This may have been already stated, but I would love to see them recreate the highline in NYC with the Pierce elevated. I imagine if they got the right design team and engineers, and with a private backer like the Kinder foundation, it could turn out to be incredible. I do support the continuity of downtown and midtown, but if you had a raised park that maybe came down to ground level to fuse into Buffalo Bayou park from the Post office and then elevate back up around the bend before coming back down to grade prior to 59. That could be transformational for Houston's urban green space- 3,370 replies
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Construction costs really have not fallen as much as one might think, and the equity has pretty much all dried up for Houston MF at this point. I would be very surprised if Hanover was able to secure an equity provider, this definitely seems like a hold to me. Anything energy-related is a no no right now. We had a meeting at our office the other week and we talked about a developer who was recently trying to get financing for a larger-scale project. He did a control 'F' and deleted the word "Energy" throughout his entire proposal.
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This has definitely been scrapped, but good to know that the owner/developer for that land has the appetite for a project of this scale. With it's exposure to the new superblock park, proximity to MATCH and Mid Main, I'd think this will still be a high-profile development even though we may have missed it for this cycle. I think we will see a lot fewer full-block apartment projects, and more high-rise/mid-rise developments that just take up a portion of the block (high-rise maybe full block). Land prices are pretty level right now, but once these new residences move-in and all the amenities fill out, it will be harder to make a Pearl Midtown, or Camden Midtown economical unless you really jack up the rents.
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They will not start construction on the office component until they secure a lead tenant that will lease 50% of the building.
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Chase tower - 1,656,529 Wells Fargo Plaza - 1,721,242
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Well HTXUSA, I really enjoy your optimism then. I am in the commercial office market, and the last 12 months have been rough and 2016 will be worse from a transaction standpoint. Keep up the great attitude!
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On the top floors of this project, you bet. This is going to be an incredible building, and the types of tenants that want to be here are the Kirkland Ellis's of the world - large national law firms that are used to paying these rents in SF, NYC, CHI, LA. Also we will likely see Large Institutional Banks, Investment Banks, PE groups, and possibly your Lead Tenant energy company (although that may be a little ways off).
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It will be about $60.00/SF all-in
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Wow. Very interesting. http://www.bizjournals.com/houston/morning_call/2015/12/exclusive-condominium-tower-planned-for-greater.html The 35-story condo tower would have between 120 to 150 units, ranging in size from 1,200 square feet to 3,200 square feet and in price from $230,000 to $1.2 million. The units would feature naturally heated and cooled floors and high-end finishes. “We see an opportunity for condos in Houston,” Trujillo said. “The younger generation isn’t looking for the white picket fence in the suburbs anymore.”