ChannelTwoNews
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Posts posted by ChannelTwoNews
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Expedia layoffs in Austin again - Austin Business Journal (bizjournals.com)
"In a letter to the Texas Workforce Commission on April 22, Cathy Rankin, Expedia's human resources director, said the layoffs at its 11920 Alterra Parkway office will start on June 21. That's within one of the larger towers on the north end of The Domain in North Austin.
The company did not state a reason for the layoffs in its filing, but a spokesperson said in a statement to the Austin Business Journal that the job cuts are part of about 1,500 cuts globally that it announced on Feb. 22. Expedia previously has said it laid off 64 people at its Austin office in The Domain as part of that move.Combined, that means the company's 2024 layoffs in Austin are impacting 148 people."
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On 4/17/2024 at 4:35 PM, Urbannizer said:
I was wondering what's going on with your images! I can't see them here or on SSP anymore. Maybe it's just me?
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On 4/16/2024 at 1:59 PM, ChannelTwoNews said:
For what it's worth, the land for the Nashville tower just sold at a foreclosure auction.
The original developer of both projects continues to face heat. From that article, some developments since November...
"Two liens have also been filed against the property.
Skidmore, Owings & Merrill LLP, a Chicago-based architect on the project, filed notice of lien on the property on Dec. 22, for nearly $2 million, according to Metro records. Nashville-based Ragan-Smith Associates Inc., an engineer on the project, also filed notice of lien on Nov. 7, claiming an outstanding balance of $20,286."
It's getting worse for the developer of the proposed Nashville & Austin Ritz projects...
"Oakworth is requesting Morris pay roughly $11.46 million “plus attorneys’ fees and expenses equal to $64,255.27, court costs and post-judgment interest,” according to court documents."
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11 hours ago, asubrt said:
This post feels like someone trained a ChatGPT bot by exclusively reading monarch content
This.
I seriously read it in the voice my brain assigns to their posts, with the exact same level of inflection and intensity. Made it extra entertaining.
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"San Antonio-based DeLorean Motors Reimagined — the startup that made headline-grabbing promises to bring back the '80s sports car featured in the Back to the Future film franchise as an electric vehicle — has shuttered its headquarters operation.
The signage at DeLorean's building at Port San Antonio had been taken down as of a Monday morning visit, and the company's offices appeared abandoned. What's more, both phone numbers listed on DeLorean's website have been disconnected."
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On 6/20/2023 at 10:04 AM, 79ta said:
Oracle founder reveals Nashville campus plans: 'Center of our future' (tennessean.com)
""We found this beautiful campus right on the river. It’s not going to look anything like a corporate campus. What we’re building is a park. A park first that has buildings in it. Those buildings are not only office buildings and include a community clinic with the very latest versions of our software," he said.
"There will be a concert venue, a lake with a floating stage where we can have concerts for the community. We want to be part of the community. Our people love it here and we think it’s the center of our future.""
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"Is there any update from Major League Baseball on the city's bid for the World Baseball Classic in 2026?
We haven’t, but I feel good about it, because I always feel good about every bid. I think we will probably hear back before the end of [April]. That’s what we’ve been told. I heard in Miami, the city hit over 425,000 attendees to the World Baseball Classic. Can you imagine that in the spring, and then the World Cup in the summer? It’ll be our international year for sure."-
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Bojangles will be coming to this development as well...
Bojangles to open along Grand Parkway in Tomball | Community Impact
"Opening at the end of 2024
13205 N. Grand Parkway W., Tomball"
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New 'Destination Porsche' dealership opens in Sugar Land (houstonchronicle.com)
"In another measure of Fort Bend County's economic success, the Houston area's newest Porsche dealership last week held its grand opening in Sugar Land, drawing several hundred guests who socialized amid sleek cars and snacked on oysters.
While there are several other Porsche dealerships in the Houston area, the Sugar Land showroom is the first in Texas designed in accordance with the "Destination Porsche" concept the automaker announced in 2019. The idea is that the dealership should serve as a gathering place, as well as a showroom. Visitors to the Sugar Land location will find a barista on site, as well as a social space with ample seating, the Porscheplatz."
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Kelsey-Seybold expands Fort Bend campus - Houston Business Journal (bizjournals.com)
"The system announced the completion of its Fort Bend campus expansion this week. The project added a cancer center and shelled space for a future ambulatory surgery center, as part of renovations to the existing building and the construction of a new 135,000-square-foot building. The ambulatory surgery center is set to open in 2025, while the cancer center is already operational."
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"During its first-quarter 2024 earnings call April 17, the Houston-based midstream giant announced it had executed a pore space lease agreement with TGS Cedar Port Partners LP, which owns TGS Cedar Port Industrial Park, the largest master-planned, rail- and barge-served industrial park in the U.S.
The pore space spans 10,800 acres near the Houston Ship Channel and can store more than 300 million tonnes of carbon dioxide. Kinder Morgan said this will give the company a geographically and geologically advantaged platform to develop carbon sequestration solutions for nearby emissions."
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"Local joint venture Madison Development Corp., made up of Tannos Development Group and Wolfgramm Capital, officially broke ground on Friendswood City Center on April 18."
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"The impact of the Samsung factory in Taylor, about 40 miles northeast of Austin, is well-documented: thousands of jobs, billions of dollars of capital investment and transformation of the small city of 17,000 people that once was the economic engine of Williamson County north of Austin. Taylor is primed to regain that title.
The rewards got even bigger this week, when the federal government committed to provide $6.4 billion in grants to Samsung, widening the company's investment to $45 billion in Central Texas and making it one of the largest economic development projects in U.S. history. The result will be the establishment of one of the most advanced and complete semiconductor facilities in the world, with multiple fabrication lines, a research-and-development facility, a packaging facility and more."
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Austin real estate news: What's up with downtown? - Austin Business Journal (bizjournals.com)
"Consider this statistic from real estate firm Aquila Commercial LLC: There are 10 already-built towers downtown with at least 100,000 square feet of direct vacant office space — and three of the biggest and newest office blocks are completely empty despite being ready for tenants for many months.
On top of that, some huge new office towers are in the works and will be courting prospective tenants soon, and there's no shortage of less expensive office space outside of downtown."
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Austin real estate news: What's up with downtown? - Austin Business Journal (bizjournals.com)
"The Trammell Crow-developed tower has almost 800,000 square feet of office space sitting dark on Google's dime. According to commercial real estate firm Avison Young, rental rates in Austin's Central Business District at year-end 2019 averaged $67.39 per square foot for trophy properties. Assuming Google signed a lease at that rate, the company could be on the hook for about $145,000 per day or $53.2 million per year. It's apparently a cost that can be stomached by a company that reported $74 billion in net income last year."
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Home Run Dugout adding another batting bay building - Houston Business Journal (bizjournals.com)
"Since opening, business has been so good that founders Nick Hermandorfer and Tyler Bambrick are adding another 10 indoor “batting bays” in a new 9,242-square-foot building on the north side of the property.
Construction on the $3 million expansion started in early April with a goal to open this summer, Home Run Dugout said."
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Needville zip code & Needville ISD schools, but between the Needville, Pleak & Fairchilds ETJs.
"Rausch Coleman has started developing the first of about 440 homesites, and Hall expects Lennar to get started on its 1,260 lots in the next two to three months.
“Including Rausch and Lennar, there will probably be close to 500 lots developed within this calendar year,” Hall said. “And then that would occur probably … every other year over the next three to five years, depending on the market (and) the velocity of the sales.”"
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"Mississippi-based Yates Construction was recently awarded a contract worth up to $148.3 million to build out about 206,000 square feet of facilities at Naval Air Station Corpus Christi, according to the U.S. Department of Defense's contract database. The firm will build a 140,000-square-foot aircraft component repair shop and a 65,000-square-foot administrative annex building for the base's leadership."
Harbor Bridge Project set to be completed Spring 2025 | kiiitv.com
"Allison added the North Tower upper lifts are complete while the South Tower lifts are almost finished.
"We are on lift 18; to get up to a lift 20 we should be complete there by the end of May," she said."
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The pictures are great, and your new signature is even better.
Bravo!
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"Dallas' often-criticized central library could eventually get a major overhaul, its first since opening more than 40 years ago — if Dallas Public Library officials get the funding they want from city leaders."
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On 2/15/2024 at 2:55 PM, ChannelTwoNews said:
The single tower recieved $96M in financing back in 2022.
Haven't heard much about it or the rest of the project until this piece in the DBJ today, discussing Hoque's other projects.
"Under the proposed development agreement, Hoque would be required to obtain a building permit by the end of 2024 and complete construction of at least 800,000 square feet of residential, office, retail and hotel space by the end of 2027, according to city documents.
Hoque has yet to sign the development agreement, as he's waiting for the numbers to make sense on the financing, which needs to be finalized at the same time. The construction price has risen from $320 million to $400 million, according to Hoque.
“We're not going to break ground on a $400 million project when it's a 20% higher construction price," he said. “We think it’s going to be the third or fourth quarter of this year, because I think interest is going to get cut. If I'm a betting man, I think third or fourth quarter of this year, we'll break ground on this building.”
Sort of wondering how the developer looks to proceed with his other projects, including this tower.
The large project that Fort Worth seems to have booted him from and that he (back in February) was saying he was intending to still develop regardless now apparently is dead - at least in terms of Hoque's involvement.
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Office tower plans are unchanged, but the condo tower has been modified to include hotel rooms.
"Kaizen Development Partners LLC wants to build a 30-story hotel and condo tower just west of Uptown Dallas, instead of a previous proposal for a fully residential high-rise.
The proposed tower would house 90 condos and 200 hotel rooms on the southeast corner of about 2 acres the developer will buy from broadcaster KERA, according to public documents submitted to the Oak Lawn Committee."
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Parkside Uptown gets Goldman Sachs construction loan - Dallas Business Journal (bizjournals.com)
"Parkside Uptown, a new office tower where Bank of America will be the anchor tenant, has received $290 million in financing from Goldman Sachs.
The global investment bank provided the construction loan for what is set to be a 500,000-square-foot high-rise, JLL Capital Markets announced April 17. JLL said it worked on behalf of developer Pacific Elm Properties to secure the loan."
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Missouri City - Palace Event Center & Hotel
in Points Southwest
Posted
Some Missouri City residents against rezoning for proposed Palace Event Center | Community Impact
"According to agenda documents, the development would feature:
Should the development be approved, construction is expected to begin on Phase 1 in 2025 for the event center and four cottage units, while Phase 2 will begin in 2027 with the hotel’s construction, according to agenda documents."
Interestingly enough, the information that the city had updated on this project appeared the same day as the above article (4/19). It shows there have been some adjustments to the plan. The new site plan reflects the comments from residents. Those changes now include...
-Reduction in size of the hotel from 6 to 4 floors, and combining it with the event center rather than as standalone structures
-Reducing the number of "cottage" units from 6 to 3.
-Increasing the size of the sound barrier walls
-Moving the properties closer to Knight Road and further from the natural preserve section.
-Retaining all trees in the natural preserve area
-Adding a swale to form a barrier between the nearby residential and aid in stormwater drainage
Zoning | Missouri City, TX - Official Website (missouricitytx.gov)
Initial notice issued to neighbors in February: missouricitytx.gov/DocumentCenter/View/16562/Palace-Event-Center-Packet
Site plan with updated comments from meeting mentioned in article, posted by city on 4/19: https://www.missouricitytx.gov/DocumentCenter/View/16620
City response to comments: City-Responses-to-Zoning-Amendment-Concerns (missouricitytx.gov)