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Urbannizer

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    Uptown Park: Uptown Shopping Center At 1121 Uptown Park Blvd.

    in Uptown and Galleria Area

    Posted


    The owner of Uptown Park has signed an agreement with Patrinely Group to build a luxury residential tower with 250 units in the Italianate shopping center at the prominent corner of Post Oak Boulevard and the West Loop.

     

    The project will be the first of many changes planned for the 17-acre property, which was developed 15 years ago as a series of low-slung retail buildings surrounded by surface parking.

     

    Earlier this year, owner AmREIT announced plans to redevelop the site into a much higher density development with housing, hotel rooms and office space valued at around $1.2 billion. The Houston-based real estate company has identified seven potential development sites in Uptown Park and plans to add significantly to the existing 169,000 square feet of retail space.

     

    The agreement is “the beginning of what could be a transformation of our Uptown Park property to one of the finest mixed use communities in Houston,” AmREIT’s chairman and CEO Kerr Taylor said in a news release discussing the company’s first-quarter earnings.

     

    The new building, Crimson at Uptown Park, will be developed on the northwest corner of the property where the stores Baker, Pelucha Decor and Bella Rinova are now.

     

    As part of the agreement, Patrinely Group will sign a 99-year ground lease for the property, according to the news release. AmREIT will acquire a 15 percent interest in the joint venture as a co-general partner in the project in exchange for $4.8 million and will have a “right of first offer” to purchase the project. USAA Real Estate Co. is expected to provide equity for the project.

     

    http://blog.chron.com/primeproperty/2014/04/uptown-park-developer-inks-deal-for-new-luxury-residential-tower/

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    Holden Heights: Multifamily At 525 W. 24th St.

    in The Heights

    Posted

    This is planned by the same developer of the Axis apartments.

    2401-nicholson-fence.jpg

    CHAIN-LINK FENCING has gone up around the warehouse buildings at 2401 Nicholson St. in the Heights, a reader reports. There’s a total 139,126 sq. ft. of building space on the large alley-divided block surrounded by Nicholson, 24th, 25th, and Lawrence St., on 3.6 acres. JLB Partners doesn’t appear to have announced the new apartment building it’s planning for the site, but its builders received a couple of permits for a parking garage and an apartment building at 525 W. 24th St. late last year. And a TCEQ notice for the construction — identified as the Heights Block 39 Apartments, at 525 W. 25th St. — has gone up at the site as well. The block is catty-corner to the cleared National Flame & Forge site on the other side of Nicholson.

    http://swamplot.com/new-jlb-apartments-will-replace-warehouse-buildings-at-nicholson-and-24th-st-in-the-heights/2014-04-29/
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