Jump to content

Urbannizer

Moderator
  • Posts

    9,428
  • Joined

  • Last visited

  • Days Won

    948

Posts posted by Urbannizer

  1. Great job finding all these updates. Do you know where this Hilton Garden Inn is going?

     

     

    Seems like a lot of projects that were left for dead have been revived. This is still the lot adjacent to the Wedge Tower correct?

     

    Yep, the lot next to the Wedge Tower. On the first page, there's a rendering of what the project was proposed to look like in 2009, but it's possible the project will feature a new design.

    • Like 1
  2. Houston will double the number of tax breaks it gives developers for apartments and condominiums they build downtown in a bid to lure residents and retailers to the city's long sleepy central business district.

     

    The City Council on Wednesday unanimously agreed to expand the Downtown Living Initiative, first launched a year and a half ago, to offer tax breaks for 5,000 residential units, up from a previous cap of 2,500. The total cost of the tax breaks could reach $75 million.

     

    ***

     

    Counting several apartment buildings under construction, the amount of downtown housing could more than double in the next few years. Today, there are more than 2,600 residential units downtown; Icken cited a study that suggested an appropriate target would be about 10,000 units. Though more could be developed, that would mean the subsidy could prop up half of all downtown apartments.

     

    http://www.houstonchronicle.com/news/politics/houston/article/Council-expands-subsidy-for-downtown-development-5408456.php

    • Like 4
×
×
  • Create New...