ChannelTwoNews
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Posts posted by ChannelTwoNews
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Austin real estate deals: Subleases on display - Austin Business Journal (bizjournals.com)
"Meta Inc.: 530,725 square feet
Meta Inc.’s sublease at Sixth and Guadalupe, which opened to residents earlier this year and is the tallest tower in town, is by far the largest sublease on the market.
The parent company of Facebook pre-leased the office space on December 2021, and announced it would seek a subtenant for it in November 2022, over a year before the tower was complete. To date, Meta has not found a subtenant for the tower that is now done, but a Meta spokesperson recently confirmed that the company has begun sublease negotiations with prospective tenants. It's unknown how far along those negotiations are or how much space may be taken."
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It would be the 43-story tower that's been planned there for a couple of years. That date is new though...
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"Endeavor Real Estate Group LLC's plan to transform the former downtown headquarters of the Austin American-Statesman into a huge mixed-use development is facing a potential impasse, as are other redevelopment projects just south of Lady Bird Lake.
That's because a judge has sided in favor of a court challenge that argues the city of Austin acted unlawfully in creating a financing mechanism intended to help pay for infrastructure improvements within the 118-acre area called the South Central Waterfront District.
The decision was made by Travis County District Court Judge Jessica Mangrum on April 12."
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Very much looking forward to checking this out with my kids when I'm back in town at the start of June.
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Whitmire backs efforts to revitalize Houston’s Freedmen’s Town (houstonlanding.org)
"City Council voted in mid-2021 to designate the community as its first Heritage District. The designation allowed nonprofits to raise money for restoring historically significant features and to develop cultural landmarks.
Backed by a $1.25 million grant from the Andrew W. Mellon Foundation and National Endowment for the Arts, the ambitious, multiyear project was announced early 2023 under former Mayor Sylvester Turner’s administration with much fanfare and enthusiasm.
Although city involvement initially sparked community skepticism, community advocates were confident that this time would be different because it’s rooted in community involvement. Now with support from Whitmire’s administration, advocates are optimistic and confident that the project will be prioritized."
HPW Design Concept for Brick Streets Report: https://s3.documentcloud.org/documents/24536479/2024-03-freedmens-town-dcr-community-meeting_sm.pdf
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First look at new renderings of Rothko Chapel's campus expansion (houstonchronicle.com)
"On Wednesday, phase two kicks off with a groundbreaking ceremony. Over the next two years, Architecture Research Office and Nelson Byrd Woltz will manage the construction of the new Administration and Archives Building and the Kathleen and Chuck Mullenweg Meditation Garden in addition to a program center, guest house for resident and visiting speakers and fellows, plus a shaded, shared plaza."
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On 11/30/2023 at 7:46 PM, ChannelTwoNews said:
The Ritz probably won't be coming out of the ground any time soon, if at all.
The same developer (M2) tried to get both the Nashville and Austin towers built at the same time and it's not going well to say the least. The signs are already down at that site in the former - and it was further ahead in the development process than the Austin one.
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."
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AI energy company GridBeyond lands Series C funding - Houston Business Journal (bizjournals.com)
"An international “smart energy” company with its U.S. headquarters in Houston has closed over $50 million in funding.
Dublin-based GridBeyond, which expanded to Houston in 2020, announced its Series C round of 52 million euros, or $55.2 million, on April 16. The round was led by Klima, the climate impact fund of international financial services firm Alantra.
The Series C round also included new and returning investors Energy Impact Partners, Mirova, Act Venture Capital, ABB, Constellation and Yokogawa Electric Corp."
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"After years of little movement, a long-planned mixed-use development seems to have reached critical mass.
Richmond-based Ferguson Family Partners, the developers of District West, recently signed a 2.88-acre ground lease with popular sports bar McIntyre's and a lease for 30,000 square feet with 810 Billiards & Bowling. McIntyre’s is expected to open in the next 12 months."
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The Moran CityCentre hotel undergoing renovations - Houston Business Journal (bizjournals.com)
The Moran CityCentre's 244 guest rooms have been updated, and the transformed public spaces will debut in late summer, Midway said April 15. The goal of the project is to improve "the overall guest experience through a modern Texas-inspired aesthetic, state-of-the-art amenities and new food and beverage offerings," the company said.
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April 1 - Ralph Bivins Says Goodbye to the old Library
City Condemns My Beloved Building | Realty News Report
April 15 - Reopened.
Whitmire hopes to keep Montrose branch library building open (houstonlanding.org)
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This company appears to specialize in solar-powered lighting projects for multiple types of clients. Their largest project to date has been in Calhoun County for several communities down there, reportedly the largest type of project of it's kind in the US at the moment.
"EnGoPlanet plans to open its own factory in Houston this summer, CEO Petar Mirovic confirmed to the Houston Business Journal.
"For us, Houston is home, and Houston is strategically important for us to expand to the West Coast, the East Coast, other places where we've seen demand for our products," Mirovic said in an exclusive interview.
The factory is approximately 15,000 to 20,000 square feet, EnGoPlanet said through a spokesperson. The company declined to provide a specific street address but said the site is in northeast Houston near the George Bush Intercontinental Airport. Contractors for the project were not disclosed."
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"Kirksey Architecture has influenced the design of numerous projects across the Bayou City, including the University of Houston’s Hilton College of Global Hospitality Leadership and the transformation of an office building into a church for Hope City Houston.
His company also has had a hand in the design of many of this year’s Landmark Awards finalists — not to mention several finalists in previous years as well.
Kirksey’s legacy runs deep in the Houston community — and that's why the Houston Business Journal chose him as its 2024 Lifetime Achievement Award recipient for this year’s Landmark Awards program."
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"A Houston-area serial entrepreneur took his latest startup from a garage to its own manufacturing facility in under five years.
Mike Francis’ materials manufacturing company NanoTech Materials cut the ribbon on its 43,000-square-foot manufacturing facility on April 10. The building is at 21401 Park Row Drive in the Katy area, and it houses NanoTech Materials’ headquarters in addition to the company's manufacturing space.
A spokesperson for NanoTech confirmed that the company would be fully moved in next week. The building also includes lab and office space, as well as interior art by Houston-based artist Amy Malkan. NanoTech currently employs 18 workers but plans to hire more."
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"A Houston-based partnership is getting ready to open a 31,000-square-foot pickleball club on the northwestern corner of the intersection of Interstate 69 and the Grand Parkway in southwest Houston."
The northwestern corner of the intersection mentioned is barely in Sugar Land. It's in a weird physical location where it's almost in Richmond's ETJ and zip code. It would be in both if it were on the other side of the access road that runs between the feeder from the Southwest Freeway and Ransom Road.
Unfortunately, that's not where the business is located.
The one mentioned is on Kinghurst Drive, just west of the Southwest Freeway & Beltway 8.
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Not new, but I liked this picture of the bridge over the bayou and surrounding area at Mason Park, circa 2022.
From the Chronicle's home page today
I could've sworn there was a thread with photos of the construction here but can't find it.
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New Meyerland pedestrian bridge named after the late Rabbi Samuel Karff | Community Impact
"State, county and local officials gathered in Meyerland on April 9 to announce the new pedestrian and bike bridge over Brays Bayou Greenway that will be named after the late Rabbi Samuel Karff.
Karff served as the senior rabbi of Congregation Beth Israel from 1975 to 1999. He also advocated for civil rights, social justice and equality, according to a news release."
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Noble Corp. will leave Sugar Land for Westchase office - Houston Business Journal (bizjournals.com)
"Noble Corporation PLC (NYSE: NE) is leaving Sugar Land after 20 years and moving its headquarters to west Houston.
The offshore drilling company has signed a 110,250-square-foot lease at 2101 CityWest Blvd. The six-floor, 305,828-square-foot building is Building 1 in the 39-acre CityWestPlace office campus off Beltway 8 and just north of Westheimer Road in the Westchase District."-
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"Colton will be a 5,700-acre community around the intersection of a tolled segment of state Highway 249 called the Aggie Expressway and FM 1486 outside Todd Mission in Montgomery County, with small parts on its western side touching Grimes and Waller counties.
By full build-out, expected in more than 20 years, the community could bring about 11,000 homes to the area, the developer said."
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"A local joint venture seeking to replace the International Space Station has landed a major international corporation as an equity owner.
Japan-based Mitsubishi Corp. said this week that it will join the Houston-based Starlab Space LLC joint venture as a strategic partner and equity owner. Financial terms were not disclosed.
Starlab is the product of a collaboration between Colorado-based Voyager Space and European aerospace giant Airbus to design and launch a private space station."
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"Dario Calogero’s investment thesis is simple: He looks for technology companies that are willing to land in emerging markets around the world.
That led the Italian tech investor and entrepreneur to his LinkedIn feed, where he saw a post from Sunny Zhang, a founder at Houston-based educational tech startup TrueLeap. Intrigued, Calogero met with Zhang and her co-founder, Sandip Bordoloi, and went on to lead a pre-seed investment for the company."
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"Financial technology platform Hello Alice has hit a new valuation milestone thanks to a Series C funding round that highlights continued investor interest in artificial intelligence.
Houston-based Hello Alice said April 4 that the undisclosed funding amount took the company’s total valuation to $130 million. According to the company’s Crunchbase profile, Hello Alice had raised $26.5 million prior to the announcement.
New investors for the company include celebrity restaurateur Guy Fieri and streamer Tyler "Ninja" Blevins, as well as Mastercard Inc. (NYSE: MA)."
Riverplace - E Martin St near Soledad St, along the River Walk
in San Antonio
Posted
River Walk development tied to Dream Hotel in limbo, fate uncertain - San Antonio Business Journal (bizjournals.com)
"While the developer involved in the long-anticipated Dream Hotel insists that project is not dead, and work could begin before the end of the year, he said a larger development planned around it is on hold.
Riverplace was unveiled in 2021 as a roughly $400 million mixed-use development that would flank the hotel. The vision for the project included a residential tower, condos, offices and retail space."