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DotCom

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  1. There were some recent comments/questions about the location of upcoming buildings, so I'm reposting the last site plan that I remember seeing. Last month the Texas A&M Board of Regents was considering "Authorization to Negotiate and Execute a Ground Lease of 2.6252 Acres of Land and Other Agreements Related to the Construction of Up to Two Research and Educational Buildings on the TMC3 Campus". Then there was a TABS filing a couple weeks ago for "Industry Building Parcel D Bld B". https://www.tdlr.texas.gov/TABS/Search/Project/TABS2022020772
  2. https://www.mcgrathrep.com/news/1-500-acre-riceland-master-planned-community-coming-to-mont-belvieu-texas
  3. New article from The Chronicle published today: https://www.houstonchronicle.com/business/real-estate/article/Riceland-community-brings-4-500-homes-to-Mont-17243886.php Same rendering as above, plus this aerial: Riceland community brings 4,500 homes to Mont Belvieu east of Houston The project will be developed on family-owned farmland around an expanded town center, complemented by 30 miles of trails, a fish camp and parks. Katherine Feser June 16, 2022 Riceland, a proposed 1,500-acre master-planned community in Mont Belvieu, will break ground this month on one of the largest residential developments on the east side of Houston. The $400 million development, going up on family-owned farmland northeast of Interstate 10 and the Grand Parkway in Chambers County, aims to meet the growing demand for houses in a region with a tight supply of lots for new construction. The community, located 34 miles east of downtown Houston in an area where new large-scale residential developments are rare, is planned for 4,500 homes upon completion in the next 10 to 15 years. Trez Capital, a real estate investment firm based in Vancouver, Canada, provided $25 million in financing to family-owned developer Michael S. McGrath of McGrath Real Estate Partners for the initial phase of the development. The initial phase, planned on 150 acres on the northern portion of the tract, will deliver 417 lots to builders in the first or second quarter of 2023, according to Randy Hopper, vice president of acquisitions at McGrath Real Estate. The builders consist of David Weekley Homes, Highland Homes, Chesmar Homes and Perry Homes. Pricing has not been announced. “We’re pleased to provide financing for Riceland, a new master-planned destination that will attract families of all stages of life due to its natural setting, heritage, extensive amenities and its location just outside Houston,” John Sullivan, vice president of Trez Capital in Dallas said in a statement. “The fact that Mont Belvieu is only 35 minutes away from downtown Houston and is along the recently opened Grand Parkway eastern sections makes it easily accessible to the northern Houston metro area and a desirable place to live." An expanded town hall at the center of the development at FM 565 and Eagle Drive/FM 3360 will incorporate new commercial buildings with restaurants and retail to complement city hall and other municipal buildings, which are undergoing upgrades and redevelopment, according to Hopper. Mont Belvieu's town center, which sat on a salt dome, an underground cavern used to store petroleum products, relocated to its current site in the 1990s for safety reasons. "We're trying to recreate the original center of town as you would define a small Texas town," Hopper said. "We're trying to have connectivity with walking and biking to the existing city amenities and the amenities that we deliver." Residents of Riceland will be able to connect with the downtown city center by bike or foot, Hopper said. The community is designed with 30 miles of hiking and biking trails connecting with the town center, a fully-stocked 10-acre lake with fish camp, resort-style pools and multiple parks. The Riceland name is a nod to the heritage of the land, which has been used for agricultural purposes such as rice farming, cattle grazing, cotton, crawfish ponds, bees and hay production for more than a century, Hopper said. Land clearing has begun on the initial 150 acres with a focus on saving as many trees as possible to incorporate into the development. "We're looking forward to working with the City of Mont Belvieu and Barbers Hill ISD to bring long-term value and a sense of close community to the city, the school district and the county," Hopper said. It will be the largest project to date for McGrath Real Estate, which has acquired, developed, managed, and leased more than $2.5 billion in real estate, including apartments and other sectors, across the United States over the last 36 years. The development positions Mont Belvieu for future growth. The population has more than doubled in the last decade to more than 8,300, according to the U.S. Census Bureau. Riceland will offer a large scale community with lots of varying sizes in the highly regarded Barbers Hill Independent School District. "There's still market-wide a shortage of lots, and east Houston is not immune to that," said Lawrence Dean, senior vice president of advisory—Texas at Zonda, a housing information company. The supply of developed lots which are ready to build upon is about 10 months, compared to a normal supply of 20 to 24 months, Dean said. Riceland will be the largest community to be developed in the Mont Belvieu, Baytown, La Porte, Deer Park and Pasadena areas in recent years, Dean said. "One thing that’s exciting about Riceland, because they’ve been able to create a PUD (planned use development) with the city of Mont Belvieu, they'll be able to have a broader diversity in the types of homes, sizes of homes and lot sizes," Dean said. That means the new homes will not be limited to 80-foot lots, as is common in much of Mont Belvieu, a move-up community in the region, Dean said. "They'll be able to have small houses and big houses and in between houses," Dean said. "They'll be able to satisfy a broader array of demand."
  4. The Chron says 20% of the units have been sold and they plan to start construction in the fall. https://www.houstonchronicle.com/business/real-estate/article/Swanky-12-story-condo-project-near-River-Oaks-17178435.php
  5. "Correction: This story has been updated to reflect that Hines has not yet hired an architecture firm for the second building. The architecture firm HOK designed the first building."
  6. Topping out story in the Biz Journal. "Hines is already planning the next phase of Levit Green’s development. In a few weeks, the firm will break ground on Levit Green Boulevard, a key access point running through the complex. Hines and HOK are also already working on the design for the second building on the site." https://www.bizjournals.com/houston/news/2022/05/20/hines-topping-out-levit-green.html Levit Green Boulevard project on CivCast. https://www.civcastusa.com/project/62322f42b739faa9ba635714/summary
  7. Site plan with phasing on sales website. https://residencesattikiisland.com/amenities/
  8. Does this mean the MOB project is dead? The site plan and renderings show it replacing the auto body shop where Loro will be located.
  9. Looks like they are getting ready to break ground on the multifamily building. Submitted Expedited permit app yesterday. Project Details Project No: 21083542 Date : 2022/05/10 00:00:00 USE : NEW 93441 SF APARTMENT BUILDING 1-5-3-R2 Owner/Occupant : *TRITEN EADO-THE MILL Job Address : 2315 NAVIGATION BLVD BLD 5 77003 Valuation : $ 0 Permit Type : EC FCC Group : Apartments Buyer : RIOS JASMINE Address : 11665 FUQUA ST STE E507 77034 Phone : (832) 250-6429
  10. https://www.bizjournals.com/houston/news/2022/05/06/historic-eldorado-ballroom-to-undergo-9-7m-update.html Eldorado Ballroom historic music venue to undergo $9.7M update May 6, 2022, 1:47pm CDT The updates to the Eldorado Ballroom at 2310 Elgin St. will include restoring the 10,000-square-foot building after two fires destroyed much of its interiors and the addition of a 5,000-square-foot annex.
  11. Need a new thread for this! https://www.bizjournals.com/houston/news/2022/04/28/real-estate-joint-venture-develops-coworking-space.html Houston real estate joint venture building ‘creative workspace community’ near CityCentre Apr 28, 2022, 2:58pm CDT A joint venture between two Houston-based real estate companies purchased 40,000 square feet of warehouse space in west Houston near CityCentre and plans to turn it into a “creative workspace community,” to be called The Quad.
  12. https://www.bizjournals.com/houston/news/2022/04/25/houston-methodists-centennial-tower.html Houston Methodist kicks off construction of $1.4B tower in Texas Medical Center Apr 25, 2022, 4:01pm CDT Houston Methodist has begun construction work on the $1.4 billion, 26-story Centennial Tower in the Texas Medical Center. Site preparations have begun for a $1.4 billion, 26-story tower that will add hundreds of hospital beds in the Texas Medical Center, Houston Methodist announced April 25. Centennial Tower, as the project is called, will house a new and larger emergency department and enhanced imaging services. It was designed to replace Houston Methodist’s main building at 6565 Fannin St., which ultimately will be demolished along with West Pavilion, according to a news release. When it is completed in 2027, Centennial Tower will have nearly 400 patient beds, including 175 new beds and 207 beds to replace those in Houston Methodist’s main building. In all, the tower will replace existing space for transplant medicine, intermediate care and surgical intensive care. It will also replace seven existing operating rooms, adding the latest technology, and add two additional operating room suites and enhanced radiology services. With 54 beds and additional suites, the new emergency department will be nearly twice the size of Houston Methodist’s existing facility. “The larger, more convenient emergency entrance at John Freeman Boulevard and Bertner Avenue will include pedestrian and ambulance drop-off sites, ambulance bays and easy in-and-out access,” Houston Methodist said. Additionally, the 14th floor of Centennial Tower will have an outdoor rooftop garden where patients and their families can relax while receiving medical care. Houston-based EYP Inc. designed the building, while Vaughn Construction, which is also based in Houston, is serving as general contractor. The new tower will connect to the Paula and Joseph C. “Rusty” Walter III Tower, which opened in 2018 and houses the Houston Methodist DeBakey Heart & Vascular Center and the Houston Methodist Neurological Institute. That tower encompasses nearly 1 million square feet, cost $480 million to develop and includes the capacity for 366 beds and 18 high-tech operating rooms. It houses Houston Methodist’s DeBakey Heart & Vascular Center and the Houston Methodist Neurological Institute. The Paula and Joseph C. “Rusty” Walter III Tower won a Houston Business Journal Landmark Award in the Medical category in 2019. It was named after Paula and Rusty Walter, who donated $101 million in 2017 to Houston Methodist, the largest philanthropic gift the nearly 100-year-old hospital has ever received. “Together, the towers will add an impressive profile to the Texas Medical Center skyline,” Dr. Marc Boom, president and CEO of Houston Methodist, said in the April 25 announcement. “We are building this for our community, showing our commitment to the future of health care at Houston Methodist as we continue leading medicine for decades to come.”
  13. Here's the above-referenced article from HBJ. https://www.bizjournals.com/houston/news/2022/04/25/office-multifamily-tower-deisomoss.html Houston developer scores $26.1M loan for office, multifamily tower near Galleria Apr 25, 2022, 5:52pm CDT DeisoMoss recently secured a $26.1 million mortgage bridge loan from New York-based Northwind Group to build a 551,905-square-foot tower at 2120 Post Oak Blvd. Houston-based real estate investment firm DeisoMoss is moving ahead with plans to build a mixed-use tower on a high-profile parcel just north of The Galleria mall. DeisoMoss recently secured a $26.1 million mortgage bridge loan from New York-based Northwind Group to build a 551,905-square-foot tower at 2120 Post Oak Blvd. When it is completed, the 43-story building will have 348 multifamily units sitting on top of 100,000 square feet of Class A office space and 25,000 square feet of retail/restaurant space. Adi Chugh, Rich Levin and Christian Hung of New York-based Surya Capital Partners arranged the loan. Andrew Deiso, co-founder of DeisoMoss, told the Houston Business Journal that both apartment residents and office tenants will have access to an amenity deck that will feature an extra-large fitness center with yoga and cycling rooms, as well as a rooftop pool. The project is expected to break ground in the second quarter of 2023. DeisoMoss has tapped Houston firms Ziegler Cooper Architects to design the project and Harvey Builders to serve as general contractor. “Demand for Class A office space near the Galleria has been high for years,” Deiso said. “We’ve already had potential tenants reaching out to express interest in leasing, which is a great sign.” Additionally, by putting the multifamily portion of the building on top of the office floors, the building will maximize the potential for unobstructed views of the area, said Taylor Moss, who co-founded DeisoMoss with Deiso in 2018. “We really wanted to bring that live-work-play model to the project,” Moss said. “We wanted to give residents access to everything they could need, right at their fingertips.” While the project is still in the early stages, Moss said his firm is in talks with several restaurant operators, including some that would be new to Houston, about signing on for space on the ground floor of the building. The 2-acre property where the mixed-use tower will sit has been the subject of much speculation over the years, with many wondering what a developer would bring to such a sought-after green space in Uptown. Deiso said he and Moss bought the property from the Tisch family in New York this past November. The Tisch family have long been known as real estate moguls, overseeing the multibillion-dollar Loews Corp. (NYSE: L) holding company. Deiso declined to comment on the purchase price. However, Harris County Appraisal District records say the property was valued at $11.4 million as of Jan. 1. “We’ve always known about the property,” Deiso said. “It’s one of the most coveted pieces of land in Houston. We’re thrilled to be bringing something to it that will truly benefit the area.” In recent years, the Galleria area has been one of the hottest areas of town for multifamily development. According to a December report by national apartment research site RentCafe, the Uptown/Galleria submarket added 1,989 apartment units over the past five years, ranking it No. 4 among Houston neighborhoods. Just a few blocks away from 2120 Post Oak Blvd. sits Aspire Post Oak, The Dinerstein Cos.’s 40-story luxury apartment tower at the corner of San Felipe Street and Post Oak Boulevard. Aspire Post Oak, which won the HBJ’s Landmark Award for multifamily development this year, boasts 383 residential units and 16,800 square feet for future high-end retail and dining. There's 49,700 square feet of amenity space throughout the tower, including a seventh-floor amenity deck with a glass-edge pool and a 1,540-square-foot sky lounge on the 39th floor.
  14. Another RNR email update this morning named Ziegler Cooper as the architect. https://realtynewsreport.com/mixed-use-tower-planned-near-galleria/ Mixed-Use Tower Planned Near Galleria HOUSTON – Ziegler Cooper Architects is designing what is expected to be one of the first new towers built on Post Oak Boulevard in years. The high-rise building, 2120 Post Oak Blvd, will be mixed-use in a vertical fashion with 100,000 SF of office space, 350 apartment units and upscale retail. Renderings indicate the tower will have landscaped sky-gardens, and a rooftop pool atop podium parking. DeisoMoss, a real estate firm out of Miami, plans to develop the 550,000-SF tower on a 2.2 acre parcel just north of Westheimer Road and The Galleria. Transwestern is handling office and retail leasing. The DeisoMoss site is between Post Oak Central development and the PNC building. The PNC building, formerly known as the BBVA Compass Plaza was developed by Redstone Companies (now known as TRC Capital Partners LLC) and Stream Realty Partners about 10 years ago. The DeisoMoss site is one of the most obvious open spaces in the Galleria area. It is part of a 6.5-acre assemblage that was controlled by TRC (Redstone). After the Deiso Moss deal, 1.6 acres will remain for future development. Deiso Moss says it is planning a groundbreaking next year. It will inject some excitement into Uptown Houston.
  15. This needs a title update. Block Builders (who built the "The Standard in the Heights") is currently bidding this out to subcontractors as "The Bend at EADO". Phase 1 site development to start at the end of May and Phase 2 vertical construction to start in September.
  16. https://www.bizjournals.com/houston/news/2022/04/20/barvin-stella-braes-mixed-use.html Shopping center near Brays Bayou demolished for planned 10-acre mixed-use development Apr 20, 2022, 2:12pm CDT Houston-based multifamily real estate firm Barvin has begun demolition work to make way for a new 10-acre mixed-use development near Brays Bayou south of Southside Place. The first phase of the development, called Stella & Braes, will consist of a 310-unit Class A apartment community at the southwest corner of Stella Link Road and South Braeswood Boulevard. Construction is scheduled to begin in the fall with an anticipated delivery of summer 2024. Barvin has tapped Dallas-based GFF Architects to design the project and Houston-based Brownstone Group to serve as general contractor. The second phase of the project will feature about 25,000 square feet of dining and retail tenants across several stand-alone buildings, which will wrap around multiple public plazas and green spaces. Construction of phase two is scheduled to begin in 2023. Phase three construction will begin as early as spring 2024 with expected delivery in spring 2026. The third phase will add another multifamily development with approximately 350 units. The multifamily buildings will offer studio, one-bedroom, two-bedroom and three-bedroom units, ranging in size from 600 to 1,500 square feet. Barvin did not provide details about the multifamily developments’ amenities. Barvin added that its goal for the Stella & Braes development is to create a multifamily and retail community that “serves as a ‘living room’ for the greater Braes Heights area and pays homage to its mid-century footprint.” To make way for the new development, the company began demolishing an existing shopping center this past weekend. The demo work is expected to be completed this week. The project is being funded by by private investors, including a significant co-investment from Barvin CEO Eric Barvin. “I’m thrilled to bring new energy and life into an area that has been so important to my upbringing and now my own family’s day-to-day life,” Eric Barvin said. “As Braes Heights residents, we look forward to continuing to contribute to our own backyard for years to come, and we’re confident Stella & Braes will do just that, becoming a true community space.” Barvin has grown substantially since the company’s founding in 2009. To date, the company has acquired and developed 6,500 units across six markets for a portfolio worth $950 million. In 2020, Barvin broke ground on its first ground-up multifamily development, at the northwest corner of Knight Road and El Paseo Street near NRG Stadium and the Texas Medical Center. The five-story, 281-unit building will have five levels of structured parking. Units in the development will feature large windows — many with views with views of the TMC and downtown Houston — walk-in closets, stainless steel appliances, custom cabinetry, quartz countertops, custom pendant lighting, floor-to-ceiling shower surrounds, Google Nest E thermostats and "smart" locks. All of the units will have LED lighting and Teal hot-water systems as energy-saving mechanisms. Amenities at the development will include a poolside cabana with an outdoor kitchen and lounge area, a community courtyard with a fire pit and biergarten, a reflection area with hammocks, a yoga/flex room, a bike maintenance area, a package room and a dog park with a dog washing station. Additionally, the development will have a business center with multiple conference rooms, a business lounge, a coffee bar and a resident lounge with a fireplace. That project, which is expected to be delivered later this year, was designed by Dallas-based GFF. Austin-based Oden Hughes is serving as general contractor. Jeff Jeffrey Reporter Houston Business Journal
  17. From this morning's RNR Bulletin email...no article yet on RNR website. https://realtynewsreport.com/ Mixed-Use Tower Planned Near Galleria HOUSTON – DeisoMoss, a real estate firm out of Miami, plans to develop a mixed-use tower on Post Oak Boulevard, just north of Westheimer Road and The Galleria. Plans call for a 2023 groundbreaking for a 552,000-SF building with 100,000 SF of office space, 355 apartment units and upscale retail. DeisoMoss’ greenfield site, 2120 Post Oak Blvd., is adjacent to a building developed by Stream Realty that was formerly known as the BBVA Compass Plaza. Like a question mark, the property has remained as a two-acre Uptown lawn for years. Everybody knew it had potential and the question was only when a developer would pull the trigger. For tax purposes, the site is appraised at $11.4 million. Andrew Deiso and Taylor Moss are the name partners in the DeisoMoss firm, which has offices in downtown Miami. The new high-rise project has secured some financing. Northwind Group recently provided a $26.1 million first mortgage bridge loan. Surya Capital Partners arranged the financing. Some observers may gasp at the thought of more office space being dropped into the Houston market where vacancy is sky-high. But new “Class AA” office buildings outperform older properties. I used to think that the “flight to quality” concept sounded like empty sales hype. The new buildings actually do have a special magnetism for tenants. As far as the DeisoMoss project on Post Oak, please note that much of the tower will be devoted to multifamily.
  18. Sales office should open in June. https://www.tdlr.texas.gov/TABS/Search/Project/TABS2022014287
  19. Another article about topping out the Collaborative Building from the Biz Journal. https://www.bizjournals.com/houston/news/2022/03/23/tmc3-collaborative-building-tops-out.html Multi-institutional TMC3 Collaborative Building tops out Mar 23, 2022, 7:09am CDT JEFF JEFFREY/HBJ Texas Medical Center President and CEO Bill McKeon noted that the new Collaborative Building marks the first time in the TMC's 76-year history that multiple institutions have come together to build a new facility. A who’s who of city officials and prominent leaders of the local medical industry gathered March 22 to celebrate the topping out of what will become the first multi-institutional research facility in the Texas Medical Center’s 76-year history. The 250,000-square-foot TMC3 Collaborative Building is being built as a joint effort among the Texas Medical Center, the University of Texas MD Anderson Cancer Center, Texas A&M University Health Science Center and the University of Texas Health Science Center at Houston. “The topping out of the TMC3 Collaborative Building marks an integral milestone in the future of life science research and innovation and reflects an unprecedented commitment to collaboration among the four founding institutions,” said William McKeon, president and CEO of TMC. “The lifesaving research and technologies that will come out of this building will truly revolutionize health care.” The TMC3 Collaborative Building is designed to foster innovation and maximize collaboration among the founding institutions, as well as with academic, health care and private industry partners. A key feature of the building is a 43,000-square-foot research lab shared by MD Anderson, Texas A&M Health and UT Health Houston. In addition to the joint research lab, the building will include a total of 85,000 square feet of lab and office/coworking space, 14,200 square feet to host strategic initiatives and a 7,000-square-foot atrium that can seat up to 500 people for lectures, weekly programming and informal events. “It is extraordinary to see the TMC3 life sciences ecosystem emerging from a former parking lot to now completing the structure of the TMC3 Collaborative Building,” said Dr. Peter W.T. Pisters, president of MD Anderson. “This remarkable facility will serve as a hub for the next generation of innovators who will be advancing cutting-edge research, collaborating as teams from the academic medical community and industry, and forging the next great discovery to end cancer. The opportunities are endless.” The TMC3 Collaborative Building was designed by Boston-based Elkus Manfredi Architects, and Houston-based Vaughn Construction is serving as general contractor. The Collaborative Building broke ground in January 2021. It is scheduled to be “substantially completed” by August 2023, said Trent Williams, director of capital projects and facilities for the TMC. During his remarks at the topping-out ceremony, Houston Mayor Sylvester Turner said the TMC3 Collaborative Building will further accelerate the kinds of research that have made the Texas Medical Center a globally recognized powerhouse of innovation. “When we travel around the world, one thing that is always mentioned is the Texas Medical Center, which is the finest research community in the world,” Turner said. “It truly has made Houston a standout on the global stage.” Turner also noted that the planned 37-acre TMC3 research campus — of which the Collaborative Building is a part — promises to create 22,000 new jobs and provide a $4.8 billion economic impact to the city. TMC3 will also include industry and institutional research buildings, a 521-room hotel, a 350-unit residential tower, a mixed-use building with retail and 18.7 acres of public space, including six parks linked in a double helix and 2,000 parking spots. Construction is also well underway on a 700,000-square-foot building being developed by Boston-based Beacon Capital Partners and life science investment firm Braidwell, which will be the anchor facility for the first phase of TMC3. Additionally, the first phase also includes the development of the site's massive rainwater detention infrastructure. The detention tank adjacent to Brays Bayou spans 1.05 million cubic feet and will be capable of holding 7.85 million gallons of water.
  20. @Lux My 2-year-old would love playing in this water feature. Can't wait to see the full size mock-up and final installation. Does anyone know if any real work has started on the Helix Gardens (besides site prep)?
  21. JLL is listing the remainder of the site for sale...0.69 acres. Looks like it was planned for high rise multifamily. 516171036_4944WoodwayFlyer.pdf
  22. This project is back again. Title should be changed to "North Main Apartments" or maybe "Frame Stella North Main Apartments". https://scarletcapital.com/index.html#projects https://www.tdlr.texas.gov/TABS/Search/Project/TABS2022012807
  23. Architect and owner won't disclose any info until they go public with a press release about the project, but owner is also COO of Tellurian. This may be a better investment than their LNG export terminal :-)
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