Triton

 

 

 

 

 

I got something on my lens here.

 

 

 

 

Anadarko in the back:

 

New office across the lake:

 

 

 

Not sure if y'all like these graphs but this shows that the hotel boom we are having here is actually a national trend. 2014 is the best year for hotels since 2000:

 

 

http://www.calculatedriskblog.com/2014/05/hotels-on-track-for-strongest-year.html

 

In other words, high occupancy.. new hotel construction is likely.

Think we should probably update the development map on the first post and probably should include http://devmap.io/cities/houston/developments since it is getting buried already in this thread.

 

Edit: Oh and Marriott Marquis should be moved to under construction.

I'm thrilled with how this project is turning out. If only it weren't sandwiched between two freeways. I think there's an opportunity to turn Allen Parkway into more of an urban boulevard and enhance access from the south. As it stands, there's almost a mile between safe crossing locations east of Montrose. That's not how a city capitalizes on a gem of an urban park.

That's always been my biggest beef with this project. Where I live, it's easy to come to this project since there are entry ways all the way from Sabine to Sawyer and then down towards Waugh and Shepherd. But from the south because of Allen Parkway, it is quite difficult. Montrose's sidewalks are in disrepair, Shepherd is quite difficult on that side to pass and there's only one foot bridge towards downtown that gives you a somewhat decent assess.

Looks like less than a 10 minute walk to Leeland station.

Being at UofH for five years, I can guarantee you that NO ONE in their right mind will walk from this location to the station. Some areas don't even have sidewalks and the spots that do, they are covered in mud. This is along 45 and whatever other street connects to the station, not even Cullen itself. It's not anywhere close to being safe. The only way to get from this to the station will be via bike, in my opinion. That way you can speed past everything that is there.

really, I was imagining "arise, Lord Vader."

Nooooooooooooooo.

To sum everything up, basically every street along light rail.

I think Alexan is probably my new favorite multi-family unit developer.

Great shots.

Wow this may border on the slowest construction if it begins 3Q of this year and finishes in the beginning of 2017. What is that? Two floors each year? Maybe three?

Very Austin-ish.

Not even close... I mean if a bunch of mid rise residential, a few bars, and a Buffalo Wild Wings is considered game changing than our expectation is extremely low... What I mean by game changers are developments that could spur taller developments. I think MATCH solidifies Midtown as a registered arts district instead of just having a title and nothing to really show for it yet. Secondly a central gathering place is vital to building a quality neighborhood. That's where the superblock park comes in to play. Both of these developments tied in with whats already growing around them will enhance Midtown exponentially.

I guess we'll just have to disagree. The Midtown I remember growing up was one that was dead, one that you would never expect to live in. The Midtown today is teaming with life and excitement. The art center to me is just another enhancement of that excitement, and the Camden superblock and Mid Main are just a continuation of what started in the late 90s and early 2000s. Don't get me wrong, they are all wonderful developments and they are certainly significant, I simply wouldn't label them game changers. In my view, MATCH is sort of like a northern extension of the art district which is just a few blocks south at 59 and Main.

http://mynews13.com/content/news/cfnews13/news/article.html/content/news/articles/cfn/2014/5/1/sunrail_central_florida.html

If you build it they will come

 

What about Austin's light rail system.

This is what I asked Urbannizer about the other day. It is this alley way:

 

The article states implosion of the existing building and garage.

Caught my attention in the article:

 

 

The first phase of the project involves razing the existing building and garage and the construction of a new parking garage to support the future development.

The demolition process has been under way and includes asbestos abatement and the removal of all exterior brick and windows. Once that process is complete, the building’s structural frame will imploded by D.H. Griffin of Texas Inc. A date has not been set.

 

Downtown’s former Houston Club building will be imploded this fall, the property owner said Thursday afternoon in an announcement that included details about plans to close a section of the tunnel underneath the structure.

In January, Skanska USA Commercial Development – the company proposing to build a 35-story office building on the site — said a portion of the tunnel will close for at least two years as it prepares to raze the structure and build the new tower. The closing date has been set for Sat., May 31.

The new building is being designed by Gensler and will contain 750,000 square feet in 35 stories. It will be called Capitol Tower and have a new address of 800 Capitol.

Downtown’s tunnel system is controlled by individual commercial landlords, who own the tunnel portion beneath their buildings. Licensing agreements with the city allow them to connect to their neighbors beneath city streets.

Through its tunnel, the former Houston Club building has direct connections to Chase Tower, 712 Main, the Esperson buildings and Pennzoil Place.

http://blog.chron.com/primeproperty/2014/05/downtown-building-to-be-imploded/#23198101=0

Maybe there is a below ground garage floor.

I think the game has been changed for Midtown for quite a while now. This is simply an enhancement of what has already happened.

Can't wait!

 

Campus Vue begins:

 

After successfully launching the first-ever privately built, off-campus student housing project at the University of Houston, Fountain Residential Partners is starting another.

The Dallas-based developer has broken ground on Campus Vue, a 465-bed project across from the fraternity and sorority houses that make up Bayou Oaks on campus.

Fountain’s first project, Vue on MacGregor, will open this fall and is fully pre-leased. See story here on the project.

The 5-story Campus Vue development will be built on the site of the Beall Village apartments on Calhoun and North MacGregor. One of the apartment buildings will be left, the developer said.

 

 

http://blog.chron.com/primeproperty/2014/05/fountain-residential-partners-starts-second-off-campus-housing-project-next-to-university-of-houston/

I took this picture today. Tomorrow I'll call the number, to record my comment.

Somehow it won't allow me to post it right side up.

Funny. I was talking to another forumer if they knew what this was before I posted. They had no clue either. The same sign exist on another lost but I can't copy and paste that image from my phone.

I think he was just using it as a guide? It's clearly an oversimplification. 

Almost sold out already!

 

http://www.bizjournals.com/houston/blog/breaking-ground/2014/05/belfiorealmost-sold-out.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_national+(Bizjournals+National+Feed)

 

It makes me wonder if this place will serve as a second home for the elite as does One Park Place in downtown serves as a second residence for some of the people there.

 I think the Houston area can support a couple of more years of good solid construction, but anything after that and you could be dealing with a Spain-type situation of overbuilding... that's well off into the future. 

 

 

Ha! Funny... and a Houston Chron article comes out about it:

 

http://www.houstonchronicle.com/business/real-estate/article/Construction-boom-may-lead-to-lower-rents-5458011.php ($)

 

From the article:

 

 

Based on supply and demand patterns in Houston over the past 20 years, five jobs are needed for every new apartment, Bowden said.

If developers build between 16,000 and 18,000 units this year, that would require at least 80,000 jobs.

Brandt said he has heard job projections in the 70,000 range.

"We probably are going to experience some amount of oversupply," he said.

 

 

Again, we are FAR FAR away from any overbuilding at this point. But it's good to know that there are people asking those questions of "Are we overbuilding?" When everyone is thinking that it's a never ending chart upwards, that's when you know you are in a bubble about to pop.