DotCom

Looks like this is part of https://read-king.com/properties/the-market-at-katy-park The-Market-at-Katy-Park-Brochure_01.pdf

https://therealdeal.com/texas/houston/2023/04/03/g-t-leach-rama-to-start-luxury-condos/

https://www.bisnow.com/houston/news/deal-sheet/this-weeks-houston-deal-sheet-117933

Is this at the empty lot in front of the Design Center? I don't think this is under construction. Above article says the Houston location is 20% sold. No permit app yet (besides WW and SWQ).

The internet says Travis Reagan is a PM at Linbeck. Are they the GC on this?

Looks like the City of Webster is starting site development for the Chicken N Pickle parcel. https://www.tdlr.texas.gov/TABS/Search/Project/TABS2023012202

Here's the TDLR TABS filing from the REV Renewables office buildout. https://www.tdlr.texas.gov/TABS/Search/Project/TABS2023000030

No recent news. No TDLR TABS filing. No permits filed. Does anyone have any inside info on this?

"CIVE is meeting next week with developers looking to assess whether the technology could be used in multifamily home construction" https://www.bisnow.com/houston/news/construction-development/next-stop-apartments-3d-printed-house-lays-foundation-for-bigger-projects-ahead-117549

Ralph Bivins wrote about the sale yesterday in his Realty News Report email...it's not on his website yet. He has been around for a minute (or two), so he always gives great historic recaps. https://realtynewsreport.com/ Exxon Skyscraper Sold for Conversion to Residential in Downtown Houston By Ralph Bivins HOUSTON - The 45-story former headquarters of Humble Oil, a predecessor to Exxon, has been sold to a developer that plans to convert the vacant office building to residential units – a redevelopment that could supercharge downtown revitalization. The 1.2 million-SF building, located at 800 Bell, has been empty since the oil company relocated to its new campus about eight years ago. The buyer, a New York investment group affiliated with CMI Developers, has experience in historic redevelopment and apartment conversions. The tower was completed in 1962. The age and prominence of the Exxon building might enable the developers to obtain tax credits designated for redeveloping historic buildings. When the Exxon tower opened it was considered the tallest building west of the Mississippi River. At one time the top two floors of the building were the home of the Petroleum Club, a place where thousands of oil and gas plays were discussed and deals were struck. The large scale of the Exxon tower raises the opportunity for placing a significant amount of retail or restaurants in the lower levels of the building, located between Milam and Travis. The old Exxon parking garage, located nearby, comes with the deal. A number of surface parking lots, owned by others, are located in the area, carrying the potential for new development in the neighborhood. In 2013, Shorenstein Properties of San Francisco paid about $50 million to acquire the Exxon building, for a redevelopment. As part of the deal, Exxon Mobil, agreed to lease back the entire building until 2015, when it relocated its employees to its new 385-acre corporate campus in northern Harris County. When Shorenstein bought the Exxon building, Houston’s office market was soaring because fracking created a surge in the oil business. But oil prices took a nosedive in 2015 and Houston office vacancy escalated at a frightening pace. Shorenstein hired the Transwestern firm to lease the Exxon building. Ziegler Cooper Architects, a Houston firm led by Scott Ziegler, won a design competition, earning the opportunity to design the transformation for Shorenstein. But Houston’s office vacancy persisted. Covid hit. Downtown office vacancy is now approaching 26 percent, according to Jones Lang LaSalle. The hopes of revitalizing the Exxon building as office space faded. So last year, Shorenstein retained JLL Capital Markets’ Jeff Hollinden and Rick Goings to sell the property. In 2021, Hollinden and Goings had handled the sale of Shorenstein’s 28-story Five Post Oak Park office tower in Houston’s Inner Loop. The Exxon building’s sales price could not be determined over the MLK holiday weekend, but there has been speculation that the eventual price of 800 Bell would come in around $25 million, or about half of what Shorenstein paid for it years ago. Importantly, the Exxon building is located about five blocks north of the Pierce Elevated freeway. The Pierce Elevated freeway is expected to be re-routed and removed someday, according to the controversial Texas Department of Transportation plan for Interstate 45 and the downtown freeway network. Both projects – the removal of the Pierce Elevated and the 800 Bell redo - would provide significant momentum in the southern end of downtown.

More details on The Studios buildings. OJB plans to move into their new building by June. https://www.houstonchronicle.com/business/real-estate/article/OJB-Landscape-Architecture-Office-East-River-17713091.php Midway sells first of three East River office buildings to project's landscape architect The buildings on Clinton Drive are designed for businesses seeking to own offices rather than rent. OJB Landscape Architecture will move from downtown’s Pennzoil Place to a new headquarters in the East River mixed-use development by Midway. The relocation will enable the company to not only own its building but provide the firm’s 30 or so local employees an opportunity to commute by bicycle along the trails of Buffalo Bayou, walk to restaurants and events, or sit under one of the hundreds of mature trees saved by Midway to incorporate into the 150-acre development taking shape on the old Brown & Root industrial site east of downtown. “We’ve done all these amazing spaces around the country,” said Chip Trageser, partner at OJB. “This is an opportunity to be in one of those spaces.” OJB, which is leading the site and landscape design of East River, has agreed to purchase the first of three recently unveiled buildings called the Studios at East River. The freestanding industrial-style buildings, spanning 10,000 square feet across two stories, are under construction on Clinton Drive along the development’s northern boundary. “They feel like east Houston,” said Brad Freels, chairman of Midway. “What we’re trying to do is attract companies that would like to own their own facility instead of being a tenant.” Depending on how they are finished, the customizable buildings can cost upward of $500 per square foot, or about $5 million, Freels said. The buildings have minimal interior build out, four restrooms, a kitchen, an elevator, about five dedicated surface parking spaces plus access to an adjacent garage. Buyers can take advantage of tax incentives because the project is in an Opportunity Zone, Freels said. “We’re testing the waters with three,” Freels said. “We can do a lot, if there’s demand for it.” OJB plans to occupy about 6,500 square feet, about the same amount of space it leases in Pennzoil Place, and will offer ground-floor space for lease to retail or other tenants, Trageser said. Move-in is planned in June, as other businesses begin occupying buildings in the 26-acre first phase of East River, including two office buildings, a parking garage, a multifamily project and retail. OJB’s move to East River builds on a relationship extending back almost 25 years, Freels said. OJB, which has five offices and 105 employees across the country, has worked with Midway on projects such as CityCentre, Levy Park, Kings Harbor in Kingwood and Aggie Park at Texas A&M University. OJB is working on the Watermark District at Woodcreek, Midway's upcoming redevelopment of the 70-acre former ConocoPhillips campus in the Energy Corridor. East River is designed to be walkable, with narrow two-way streets that can be easily crossed, bike lanes on some streets, central green spaces and views from the buildings to the bayou and downtown, Trageser said. The entire project represents an area equivalent to 68 downtown blocks. “They really understand how people interact with the environment,” Freels said. “We have buildings that may have office above retail or hotel above something. It's just that first 14 feet of vertical space that people recognize and engage and related to. They’re very good about getting that part right.” Katherine Feser Jan. 13, 2023

TDLR TABS registered for multifamily project. https://www.tdlr.texas.gov/TABS/Search/Project/TABS2023008493

https://www.bizjournals.com/houston/news/2023/01/09/midway-the-studios-at-east-river-office-buildings.html Midway adding for-sale office buildings in East River mixed-use development Houston-based Midway has released new details on the next phase of its East River mixed-use development near downtown. Construction of The Studios at East River, a for-sale office component consisting of three 10,000-square-foot buildings, is underway and is scheduled to be completed in June. Midway is also planning additional buildings as part of future expansion phases.

Gensler. https://www.linkedin.com/in/kevin-perks/

https://www.bizjournals.com/houston/news/2022/12/12/houston-city-council-affordable-housing-loans.html Houston City Council to vote on $21.3M in loans for affordable housing developments Dec 12, 2022, 1:52pm CST Houston City Council is set to vote Dec. 14 on proposals to allocate a total of about $21.3 million for two loans aimed at affordable housing. As the cost of living continues to rise, Houston City Council is set to vote Dec. 14 on proposals to allocate a total of about $21.3 million for two loans aimed at affordable housing. Of the two loans, the first is between the city and Tejano Center for Community Concerns — a program dedicated to helping those who are underserved, underrepresented and under resourced — for $19.3 million from a Community Development Block Grant, a federal disaster recovery fund. If passed, the money will be used for the acquisition and development of OST Lofts, a $43 million development that will provide multifamily affordable housing. The National Equity Fund and Amegy Bank are the city's joint venture parters on the project. The Tejano Center is partnering with developer Donna Rickenbacker from Houston-based affordable housing provider DWR Development for the project. Located at 5520 Old Spanish Trail, the OST Lofts will offer 130 units, 80% of which will be for residents who earn 60% or less of the area median income. There are expected to be 74 one-bedroom units, 44 two-bedrooms and 12 three-bedrooms. If passed, the loan and duration of the affordability period for this project will be 40 years.

https://sugar-scoop.com/2022/12/01/city-of-sugar-land-prioritizes-preserving-iconic-imperial-char-house-puma-development-proposes-plan-to-redevelop-site/

https://www.bizjournals.com/houston/news/2022/12/11/imperial-sugar-land-mixed-use-development.html Developer plans to repurpose Sugar Land's Imperial Sugar property into walkable, mixed-use district Now Houston-based boutique real estate firm Puma Development is proposing to repurpose the Imperial Sugar property, near the intersection of U.S. Highway 90 and State Highway 6, into a walkable mixed-use district. The preliminary plan is to include experiential retail, entertainment, restaurants, multi- and single-family homes, offices and park space while conserving the historic sugar company buildings.

A reliable source tells me the major renovation of McNair Tower 1 is delayed. Meanwhile, they are moving ahead with a new Health Sciences Building and parking garage. New TDLR TABS registration: https://www.tdlr.texas.gov/TABS/Search/Project/TABS2023006873

The Real Deal reporting, based on TDLR TABS filing (see above). https://therealdeal.com/texas/2022/12/02/stonelake-capital-partners-upsizes-houston-highrise-plans/

The permit for this was issued in July 2022. Mention from The Chron 12/1/2022 Sueba USA started construction on Ivy Lofts, a 335-unit luxury apartment community with 10,707 square feet of ground level retail space in Pearland's emerging Ivy District. The four-story property, at 1466 Ivy Park Terrace near the southwest corner of South Spectrum Boulevard and Texas 288, marks the first development from the ground up within the Ivy District, a development of America Modern Green planned for office, retail and residential components in the Lower Kirby area. Planned to open in late 2023, Ivy Lofts will have an executive center with catering kitchen, automated lockers for parcels or cold deliveries, a resort-style pool, separate lap pool, outdoor cabanas with grilling areas, 24-hour CrossFit-inspired athletic center, pet spa, net café, gourmet coffee bar. The apartments will have freeway access to both Texas 288 and South Beltway 8. https://www.houstonchronicle.com/business/texas-inc/article/Real-estate-transactions-Houston-leasing-sales-17621140.php

https://www.nrpgroup.com/capabilities/construction/bidding

Ran across this today. https://goo.gl/maps/wH7vu4io8zMYwjGm9 https://thekippfordapartmentskemah.com/ Nothing on Allen Harrison's website. https://www.allenharrisonco.com/ Does anybody have any details?

https://www.bizjournals.com/houston/news/2022/11/29/pelican-builders-the-lexington-condominium.html Pelican Builders to build The Lexington condominium tower in River Oaks Nov 29, 2022, 3:54pm CST http://media.bizj.us/view/img/12403525/the-lexington-exterior*304xx4000-2667-0-149.jpg COURTESY OF PELICAN BUILDERS The Lexington, at 2419 Mimosa Drive, will encompass just over 114,000 square feet of residential space and will offer 40 condo units. Houston-based developer Pelican Builders plans to build a new eight-story condominium tower in River Oaks, just off Kirby Drive. The Lexington, at 2419 Mimosa Drive, will encompass just over 114,000 square feet of residential space and will offer 40 condo units spread across six floors. The building’s bottom two floors will be reserved for parking. Construction is scheduled to begin in the first quarter of 2023, with the first units being delivered 18 months after groundbreaking, Pelican said Nov. 29. Condos in The Lexington will feature terraces, island kitchens, smart-home capability, curbless showers, individual air conditioning units, optional outdoor gas grills and outdoor pet-relief stations. The building’s third floor will have a lounge area with multiple seating areas, card tables, a serving bar and a dining room with a privacy enclosure. The Lexington will also have a fitness center and air-conditioned storage units. The building will have 24-hour concierge services, valet parking and professional management to oversee maintenance and upkeep of the property. Residents will also be able to access a backup generator for each condo unit in preparation for any of Houston’s major weather events. Houston-based Kirksey designed the building. “Having a consistent team in place and executing building after building with the same professionals is the key to delivering a quality development,” said Derek Darnell, president of Pelican Builders. “As with The Revere before it, we intend to bring a sophisticated, single-level way of living to this ever-transitioning area nestled between River Oaks and Avalon Place via The Lexington. This intimate urban pocket has proven to be the area of choice for River Oaks residents who travel, own second homes, or simply desire a maintenance-free, lock-and-leave lifestyle.” Condos in The Lexington will start at $1.7 million. However, the four penthouse units will start at $4.3 million. Douglas Elliman Development Marketing is handling sales for The Lexington. The Lexington is just one block away from The Revere, Pelican Builders' nine-story condo tower at 2325 Welch St., which topped out in 2019. Pelican recently finished selling units in The Revere, with sales of the building’s 30 units exceeding $70 million. In September, Pelican topped out on the 17-story Hawthorne tower at 5656 San Felipe St. in Tanglewood. That project broke ground in August 2021. The Hawthorne's 67 units will total 164,546 net sellable square feet, and there will be an additional 19,712 square feet of outdoor space, 178 parking spaces and 67 storage units. Additionally, The Hawthorne will have an amenity deck, dubbed the Fifth Floor Oasis, with a 67-foot lap pool, a fitness center, a resident lounge and more. The building will also offer 24-hour concierge service. Pelican Builders is also nearing completion of the 33-unit Westmore midrise condo tower at 2323 W. Main St. in Upper Kirby. The company broke ground on that project last year. Most of the units in The Westmore will range from 1,560 to 1,800 square feet and start at $960,000. The four penthouses will average 2,500 square feet and start at $1.7 million. Jeff Jeffrey Senior reporter Houston Business Journal

https://www.tdlr.texas.gov/TABS/Search/Project/TABS2023005122

This is by Trammell Crow Residential. 351 units, 14 buildings (including clubhouse), 3 stories.