texan

5 hours ago, cityliving said:

Radom is one of the most exciting developers to watch right now. I'm so excited that they are getting bigger and bolder with each successive project (Heights Mercantile, MKT, and now this project)! I'm sure I'm not the only one that can't wait to see what their next project is!

56 minutes ago, HoustonBoy said:

What is under construction right now? Is this development going by phase or are all towers under construction at once?

 

The academic building renovation is complete or almost complete. The residential building has begun construction (I think mainly site work though). The office building will be next and has not started yet.

14 hours ago, Highrise Tower said:

More renderings were released. 

 

https://www.hines.com/properties/levit-green-houston

 

 

This is giving me Domain (in North Austin) vibes. Hopefully this is able to spur some ancillary develops like the Domain has, which started as one development and evolved into a total neighborhood redevelopment by many players.

2 hours ago, Texasota said:

Some of the Downtown Management District's renderings teased us with a full cap, but a bridge is better than nothing.

Isn't the cap supposed to be on the other side of Downtown (the east side)? Over I-69 and the relocated I-45? The bridge you're referring to is on the west side connecting downtown to fourth ward(?). 

18 hours ago, jmitch94 said:

I’m genuinely not arguing here but isn’t that what bio-med and bio-tech degrees do already? I guess this is just at the PhD level?

I think the idea is to have the people actually providing the care and using the new innovations create them. In engineering, knowledge of operations and how the solution needs to work greatly benefits the design process. Bio-med and bio-tech engineers, while quite talented and useful, aren't in the trenches providing the care (unless of course, they also are MDs).

10 hours ago, jmitch94 said:

So you go to school to get an engineering degree and a medical degree? Why both and not one or the other? 

The idea is that medicine needs more engineers in the field to make treatment more advanced and cheaper. (Aggie engineer here, student when this all was announced although I'm in aerospace, not medicine) They pitched it to us that in engineering school our way of thinking is changed to a creative problem solving capacity and that we seek to understand instead of just memorize (I've been told by friends that med school professors love having engineers in their classes for this reason). Rather than just knowing what the body does, in med school engineers seek to understand the how and why. They say this would allow us to use that creative problem solving ability to attack the problems head on. Instead of just providing treatment, physician engineers would constantly come up with new solutions- hardware, using data, or otherwise- to treat patients. Essentially, applying the problem solving ability of engineers to the medical field. Really what it is is broadening the pool that medicine pulls from, adding people of new backgrounds, which will definitely make the field better.

14 hours ago, TheSirDingle said:

@Paco Jones Do you know the date that specific proposal was posted? I have a feeling it might be an early proposal that they didn't go with. Just seems weird that they haven't updated their websites or anything. 

This is a good point, the taller rendering also seems to be a bit higher quality than the shorter one leading me to think the shorter building could have just been a preliminary proposal.

36 minutes ago, zaphod said:

It's starting to look like something besides a post apocalyptic ruin, finally.

 

This reminds me of what they did to the Zachry building on the Texas A&M campus. Complete gut job to just concrete shell, then they put some steel expansions up, and then finished the exterior leaving something totally unrecognizable. At least this project saves some of the historic facade.

As someone who takes classes in the Zachry building, I'm really glad the only remaining part of the old facade is a slab of the old wall that was incorporated into a piece of artwork and hung in the first floor. 😅

1 hour ago, Luminare said:

 

They can pry my cig from my cold dead fingers.

48 minutes ago, Luminare said:

 

As a smoker myself I'll glady walk out to both get some fresh air, along with breathing in my Camels' smoke. Monarch can just watch, or try to stop me.

 Then you may be disappointed as smoking, smokeless tobacco, and vaping were banned on all Texas A&M University System property starting January 1 of this year.

2 hours ago, Houston19514 said:

 

Baylor pulled out of TMC3? 

They're no longer listed as a founding institution.

https://www.tmc.edu/tmc3/

The Texas A&M University System Board of Regents are expected to approve a $109 million research building for TMC3 next week. (Page 25)

http://assets.system.tamus.edu/files/bor/pdf/AgendaArchive/2020-02Reg/RegularItemBinderFeb2020.pdf

Chancellor of the Texas A&M System John Sharp starts talking about some plans for this property in minute 21 of the linked video. Specifically, he mentions 750 units of high-rise student housing. Also of note is he suggested Baylor CoM is dropping out of TMC3.

http://mediamatrix.tamu.edu/streams/601899/Faculty_Senate_Meeting_Recording_for_November_11,_2019

Forgive me for posting an article that's mainly about Dallas but there's some good data in it about Houston multifamily. Houston is supposed to deliver 16,092 new apartments in 2020 compared to 2019's 7,621 apartments, a whopping 111% increase.

https://www.dallasnews.com/business/real-estate/2020/01/15/more-new-apartments-opening-in-d-fw-than-any-other-us-metro/?fbclid=IwAR2IzbabH8J0wRXqPmhOCDKQle0EYPYeXWEZhrt89yO3ai5XOkH5nzu-ByQ

14 minutes ago, H-Town Man said:

 

I never specified "university" when I wrote those names. I did say "institutions." Why would you not think I meant the systems? Whether it's the Health Science Centers or something else, it's coming from the same endowment. As far as Rice, they may not nominally be a part, but they are located closer to TMC3 than Harvard is to Kendall Square. So it's part of the cluster.

 

Those are the facts.

 

An additional fact is that the Texas A&M Health Science Center is actually a component of the university in College Station, as of 2013, and its College of Medicine was founded as a part of TAMU before being split off to form the Health Science Center in 1999, contrary to his claim.

http://assets.system.tamus.edu/files/bor/pdf/AgendaArchive/2019-10-31Reg/10-31-2019Consent.pdf

I believe this agenda item is for the $625,000,000 figure we've seen for the remainder of this property. This is from the Board of Regents Meeting that will take place next week. This looks like permission to execute a contract for the ground lease for the remainder of this property, hopefully those huge, beautiful buildings!

2 hours ago, htownbro said:

If TAMU is involved then I'm sure it will come to fruition.  

I would definitely put my money on it happening. The TAMU System has been aggressively working over the past few years to expand its reach and has been very good at achieving that (winning the contract to manage Los Alamos National Lab, bringing the Army Futures Command central testing hub to campus, getting the Legislature to give it control of the Texas Division of Emergency Management). The “new” A&M System loves big, bold projects. What’s more is that this is a public-private partnership which will generate revenue for the A&M System. One of the most notable PPPs A&M has done is Park West, a 3400 bed student housing complex, it was built for about $245 million and annually generates $20 million for TAMU (projected total return to TAMU of $600 million over the 32 year agreement). In all likelihood, the Holcombe project should be very similar to this and A&M’s other PPPs, opening up ridiculously vast resources for TAMU to further invest in the Health Science Center and TMC. If you simply scale the ROI for Park West up to this project’s initial value (which is a terrible way of projecting the ROI for this project because it doesn’t account for differing agreements, higher value of land in the TMC than College Station, etc), you get a return of $1.53 billion which would very easily fund some health projects TAMU wants to pursue although even this project alone would be a game changer for the TMC.

1 hour ago, OkieEric said:

 

Can you point to page #?

225, the page titled "Private Development"