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Urbannizer

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Posts posted by Urbannizer

  1. Well, we now know why it looks like the other towers.

     


    Marquette Cos. has been active in Houston for a while, buying and renovating various smaller apartment complexes, but the Illinois-based developer is closing on a piece of prime downtown property in June to develop its first high-rise multifamily project.

    Marquette Cos.  will break ground this quarter on a 364-unit, 29-story apartment building with approximately 7,700 square feet of ground floor retail space in downtown Houston, a block from the Houston Astro’s Minute Maid Park. Ziegler Cooper is the architect and Pepper-Lawson Construction LP, the Texas division of Chicago-based Pepper Construction Group LLC, is the contractor. The cost of the project was not disclosed.

     

    The apartment high-rise, dubbed Block 52, will include a 589-space private parking garage situated above the retail space and below the residential units, as well as two floors of amenities including a resort-style, rooftop pool. Rental prices will range from $2.70 to $2.80 per square foot for apartments ranging in size from approximately 600 to 1,800 square feet.

     

    http://www.bizjournals.com/houston/morning_call/2014/04/future-office-construction-inspiration-for-new.html

     

     

     

     

    • Like 1
  2. 61748_1398044262_WestheimerFondren.JPG

     

    Lennar plans to build Crest at Fondren Apartments there, a 338-unit community opening next year. Hunington is redeveloping Vargos on the Lake just north of that, and CBRE bought Old Farm Apartments just east. The 36-acre tract housing Westpoint Apartments is under contract and closing in July (the gents suspect it'll be redeveloped mixed-use).

     

    But that's not all: Greg tells us his team is listing the 10-acre Victoria Place site (in blue here, it surrounds the Lennar site—in yellow—and has access to both Westheimer and Fondren) for sale. It's been getting an amazing amount of interest—Hendricks-Berkadia signed 70 confidentiality agreements in the first week—and will probably go under agreement in the next 30 days.

     

    http://www.bisnow.com/commercial-real-estate/houston/1470-multifamily-monday-the-hottest-intersection-in-houston/

    • Like 4
  3. Did you get a peak at them? What kind of design should we expect?

     

    Negative. Right now Alliance is throwing up bland mid-rises all over Houston, but this will be their largest project.

     

    Both of those renderings look exactly the same. Where is their Midtown one going on Main? I haven't heard about that one before.

     

    Yeah he posted two renderings of the same project. This is Broadstone Midtown:

     

    https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/t1.0-9/10174796_271564293024074_2088672416298269786_n.jpg

     

    http://www.houstonarchitecture.com/haif/topic/12738-broadstone-midtown-apartment-building-at-3800-main-street-main-and-alabama/page-5

  4. Houston's city attorney told a Harris County judge on Friday that halting the Ashby high-rise project would "irreparably impair future developments in the city," despite a jury verdict last year in favor of nearby residents who successfully sued developers of the 21-story tower planned for 1717 Bissonnet.

    "The uncertainty surrounding the outcome of such lawsuits would hinder developers from financing, leasing and constructing real estate developments in Houston, which require long-term secure contracts," City Attorney David Feldman wrote in a letter delivered to state District Judge Randy Wilson. "We urge the Court to consider the serious public policy considerations involved."

    A jury in Wilson's court last year sided with residents who opposed the project and awarded them $1.7 million in damages while agreeing the building would hurt their property values, damage their homes and create a traffic nuisance.

    Four months after that verdict, Wilson will convene a hearing Monday for attorneys to present final arguments over whether the project should be allowed to move forward and how much of the jury damages the developer should pay.

    Feldman's letter says the city is concerned that granting a permanent injunction would create uncertainty that could stall other developments. He noted that the project at 1717 Bissonnet is fully permitted and satisfies all deed restrictions as well as regulations that were in effect when it was approved.

    http://www.houstonchronicle.com/business/real-estate/article/City-weighs-in-as-court-grapples-with-decision-5413793.php?cmpid=btfpm#/0

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