PNC Plaza At 2200 Post Oak Blvd. & Mixed-Use At 2120 Post Oak Blvd.

[Urbannizer]

Sounds like a new proposal is rumored to be on the table. 

https://skyscraperpage.com/forum/showpost.php?p=9477815&postcount=12376

So I do Ride share.  Picked up a real-estate developer this morning and got to talking with him. 

He informed me that his Property Developement Group have bought the green space next to the BBVA Compass Bank Building on Post Oak ...across Post Oak from Dicks Sporting Goods.

He said they were going to put in a 40story mixed use tower there...construction should start around Jan 2023.

[ was going to include an image of the area Im talking about but i guess the forum doesn't allow me to upload or embed an image inside the post from my desktop. :( ]

[nate4l1f3]

18 hours ago, Urbannizer said:

Sounds like a new proposal is rumored to be on the table. 

https://skyscraperpage.com/forum/showpost.php?p=9477815&postcount=12376

 

 

You know how I know this is true? The 40 stories part 😆 

[Skyboxdweller]

 It will be great to have the west side of the boulevard fill in if and when this site and the Apache site get developed. The only other major parcel will be the 2 story apartment complex next to Uptown Park that was a condominium  bought out by a developer a few economic cycles ago.  The building the corner of Westheimer and Post Oak could you a redo. It's odd that the east side is still a hodge lodge of an empty lot,  strip malls, small retail and a few high rises , while the west side has been pretty much redeveloped.  

[BEES?!]

On 12/15/2021 at 9:44 PM, Urbannizer said:

Sounds like a new proposal is rumored to be on the table. 

https://skyscraperpage.com/forum/showpost.php?p=9477815&postcount=12376

 

 

Completely awesome if true. I was down there recently and thought it odd that little piece of land still sat undeveloped. I’m guessing we should be hearing about plans for the sute soon-ish, then? Like 2022?

[BEES?!]

13 minutes ago, gene said:

 

Aha! I knew I’d seen it somewhere! It wasn’t just something I’d dreamed up!

 

thank you, gene!

[gene]

1 hour ago, BEES?! said:

Aha! I knew I’d seen it somewhere! It wasn’t just something I’d dreamed up!

 

thank you, gene!

welcome :) 

[Urbannizer]

Anyone banking with BBVA/PNC? I hear the merger is not going well for their customers 

[Fortune]

3 hours ago, Urbannizer said:

Anyone banking with BBVA/PNC? I hear the merger is not going well for their customers 

I banked with BBVA now PNC. What have you heard? The only issue I have is the long wait times when calling in for phone banking. However, that was an issue prior to the merger. 

[skooljunkie]

4 hours ago, Urbannizer said:

Anyone banking with BBVA/PNC? I hear the merger is not going well for their customers 

I haven’t needed much since the merger, but I can confirm it’s been a customer service disaster. They are staffed at about 25% from what I can tell.

[gene]

On 12/24/2021 at 12:45 PM, Urbannizer said:

Anyone banking with BBVA/PNC? I hear the merger is not going well for their customers 

I am the office manager for a company that banks with PNC...the merger was an absolute mess for sure at first...the owner here had lots of issues with moving over both the personal and business accounts and their online services weren't updated for the longest while but after about 2 weeks i think things got better...

at least i haven't heard him cuss in his office about it lately 🤪

[swtsig]

https://www.linkedin.com/posts/northwind-group_2120-post-oak-blvd-bridge-loan-activity-6917485494926766080-TXrU?utm_source=linkedin_share&utm_medium=member_desktop_web

 

Saw this post on LinkedIn... looks like it has serious height. Whether or not this is real is tbd - I've never heard of this developer, they have no history that I can find, and their website doesn't actually exist.

 

 

EDIT: apparently this one has legs so let's hope it moves forward. 

Edited April 7, 2022 by swtsig

[Urbannizer]

https://commercialobserver.com/2022/04/northwind-group-lends-26m-on-houston-mixed-use-towers/
 

Real estate investment firm DeisoMoss has landed $26.1 million of pre-development financing for its planned mixed-use tower project in Houston, Commercial Observer can first report. 

Northwind Group originated the first mortgage bridge loan — through one of its discretionary debt funds — on DeisoMoss’ 551,905 square-foot development, which comprises 355 multifamily units, 100,000 square feet of Class A office space and high-end retail. Surya Capital Partners’ Adi Chugh, Rich Levin and Christian Hungarranged the transaction. 
 

DeisoMoss purchased the property at 2120 Post Oak Boulevard from the Tisch familylast November for an undisclosed price. Deiso said an early 2023 groundbreaking is planned, and the firm has already attracted interest from “nationally recognized white-tablecloth” restaurant chains for the retail space.

[DotCom]

From this morning's RNR Bulletin email...no article yet on RNR website.  https://realtynewsreport.com/

Mixed-Use Tower Planned Near Galleria

HOUSTON – DeisoMoss, a real estate firm out of Miami, plans to develop a mixed-use tower on Post Oak Boulevard, just north of Westheimer Road and The Galleria. 

Plans call for a 2023 groundbreaking for a 552,000-SF building with 100,000 SF of office space, 355 apartment units and upscale retail. 

DeisoMoss’ greenfield site, 2120 Post Oak Blvd., is adjacent to a building developed by Stream Realty that was formerly known as the BBVA Compass Plaza. 

Like a question mark, the property has remained as a two-acre Uptown lawn for years. Everybody knew it had potential and the question was only when a developer would pull the trigger. For tax purposes, the site is appraised at $11.4 million.

Andrew Deiso and Taylor Moss are the name partners in the DeisoMoss firm, which has offices in downtown Miami.

The new high-rise project has secured some financing. Northwind Group recently provided a $26.1 million first mortgage bridge loan. Surya Capital Partners arranged the financing.

Some observers may gasp at the thought of more office space being dropped into the Houston market where vacancy is sky-high. But new “Class AA” office buildings outperform older properties. I used to think that the “flight to quality” concept sounded like empty sales hype. The new buildings actually do have a special magnetism for tenants. 

As far as the DeisoMoss project on Post Oak, please note that much of the tower will be devoted to multifamily.

Edited April 11, 2022 by DotCom

[DotCom]

Another RNR email update this morning named Ziegler Cooper as the architect.  https://realtynewsreport.com/mixed-use-tower-planned-near-galleria/

Mixed-Use Tower Planned Near Galleria

 HOUSTON – Ziegler Cooper Architects is designing what is expected to be one of the first new towers built on Post Oak Boulevard in years.

 The high-rise building, 2120 Post Oak Blvd, will be mixed-use in a vertical fashion with 100,000 SF of office space, 350 apartment units and upscale retail.

 Renderings indicate the tower will have landscaped sky-gardens, and a rooftop pool atop podium parking. 

 DeisoMoss, a real estate firm out of Miami, plans to develop the 550,000-SF tower on a 2.2 acre parcel  just north of Westheimer Road and The Galleria. Transwestern is handling office and retail leasing. 

The DeisoMoss site is between Post Oak Central development and the PNC building. 

 The PNC building, formerly known as the BBVA Compass Plaza was developed by Redstone Companies (now known as TRC Capital Partners LLC) and Stream Realty Partners about 10 years ago.

 The DeisoMoss site is one of the most obvious open spaces in the Galleria area. It is part of a 6.5-acre assemblage that was controlled by TRC (Redstone).  After the Deiso Moss deal, 1.6 acres will remain for future development.

 Deiso Moss says it is planning a groundbreaking next year. It will inject some excitement into Uptown Houston.

[Luminare]

While in Houston last week, I saw core drillers on site.

[MaxConcrete]

Rendering in HBJ

[monarch]

4 hours ago, MaxConcrete said:

Rendering in HBJ

^^^ from the looks of it, this particular prospective edifice is one BIG 1980'S BLAH!  i have decided that i shall await DEISO MOSS to hurry up and inject their badly needed "EXCITEMENT INTO UPTOWN HOUSTON"...

[H-Town Man]

9 hours ago, monarch said:

^^^ from the looks of it, this particular prospective edifice is one BIG 1980'S BLAH!  i have decided that i shall await DEISO MOSS to hurry up and inject their badly needed "EXCITEMENT INTO UPTOWN HOUSTON"...

I respectfully disagree with you. I think this is a big 1990's blah.

But it does fit the neighborhood and it is exciting to see stacked three-way mixed use going up in Houston, which puts us right in the 2010's.

 

[gene]

is it wrong to like this original rendering way more?

[monarch]

24 minutes ago, gene said:

is it wrong to like this original rendering way more?

^^^ ... not at all.  actually, it's quite handsome... just wish it was a bit taller.  one can dream...

[Luminare]

32 minutes ago, gene said:

is it wrong to like this original rendering way more?

The design in this render is, from a architectural designers perspective, way better. Plus you can't go wrong with black.

1 hour ago, H-Town Man said:

I respectfully disagree with you. I think this is a big 1990's blah.

But it does fit the neighborhood and it is exciting to see stacked three-way mixed use going up in Houston, which puts us right in the 2010's.

 

The latest render we are seeing is definitely very 1990's-2000's, but as you say, and I agree, very on point for Post Oak Blvd, as unfortunate as it is saying that. My hope is that the trend changes. The new Zadok is actually a really nice building when I drove past it last week. My thoughts are that building will be the new direction soon enough.

[H-Town Man]

2 hours ago, gene said:

is it wrong to like this original rendering way more?

Way better and more crisp, would look killer on Montrose Blvd as an homage to Philip Johnson's University of St. Thomas campus. Just donate the design to Skanska for their Montrose/Westheimer project. It does pay a slight homage to Philip's Post Oak Central buildings next door.

But if we're griping about dated architecture, the shade-providing fins (or whatever they're called, louvers? help me out) on this are dated, considering that sometime in the 1960's they found a way to coat glass so as to accomplish the same effect without blocking tenants' views of the street below. But it is still cool the way a fully-restored late 50's Euro sportscar is cool.

[DotCom]

Here's the above-referenced article from HBJ.  https://www.bizjournals.com/houston/news/2022/04/25/office-multifamily-tower-deisomoss.html

Houston developer scores $26.1M loan for office, multifamily tower near Galleria

Apr 25, 2022, 5:52pm CDT

DeisoMoss recently secured a $26.1 million mortgage bridge loan from New York-based Northwind Group to build a 551,905-square-foot tower at 2120 Post Oak Blvd.

Houston-based real estate investment firm DeisoMoss is moving ahead with plans to build a mixed-use tower on a high-profile parcel just north of The Galleria mall.

DeisoMoss recently secured a $26.1 million mortgage bridge loan from New York-based Northwind Group to build a 551,905-square-foot tower at 2120 Post Oak Blvd.

When it is completed, the 43-story building will have 348 multifamily units sitting on top of 100,000 square feet of Class A office space and 25,000 square feet of retail/restaurant space. Adi Chugh, Rich Levin and Christian Hung of New York-based Surya Capital Partners arranged the loan.

Andrew Deiso, co-founder of DeisoMoss, told the Houston Business Journal that both apartment residents and office tenants will have access to an amenity deck that will feature an extra-large fitness center with yoga and cycling rooms, as well as a rooftop pool.

The project is expected to break ground in the second quarter of 2023. DeisoMoss has tapped Houston firms Ziegler Cooper Architects to design the project and Harvey Builders to serve as general contractor.

“Demand for Class A office space near the Galleria has been high for years,” Deiso said. “We’ve already had potential tenants reaching out to express interest in leasing, which is a great sign.”

Additionally, by putting the multifamily portion of the building on top of the office floors, the building will maximize the potential for unobstructed views of the area, said Taylor Moss, who co-founded DeisoMoss with Deiso in 2018.

“We really wanted to bring that live-work-play model to the project,” Moss said. “We wanted to give residents access to everything they could need, right at their fingertips.”

While the project is still in the early stages, Moss said his firm is in talks with several restaurant operators, including some that would be new to Houston, about signing on for space on the ground floor of the building.

The 2-acre property where the mixed-use tower will sit has been the subject of much speculation over the years, with many wondering what a developer would bring to such a sought-after green space in Uptown.

Deiso said he and Moss bought the property from the Tisch family in New York this past November. The Tisch family have long been known as real estate moguls, overseeing the multibillion-dollar Loews Corp. (NYSE: L) holding company.

Deiso declined to comment on the purchase price. However, Harris County Appraisal District records say the property was valued at $11.4 million as of Jan. 1.

“We’ve always known about the property,” Deiso said. “It’s one of the most coveted pieces of land in Houston. We’re thrilled to be bringing something to it that will truly benefit the area.”

In recent years, the Galleria area has been one of the hottest areas of town for multifamily development.

According to a December report by national apartment research site RentCafe, the Uptown/Galleria submarket added 1,989 apartment units over the past five years, ranking it No. 4 among Houston neighborhoods.

Just a few blocks away from 2120 Post Oak Blvd. sits Aspire Post Oak, The Dinerstein Cos.’s 40-story luxury apartment tower at the corner of San Felipe Street and Post Oak Boulevard.

Aspire Post Oak, which won the HBJ’s Landmark Award for multifamily development this year, boasts 383 residential units and 16,800 square feet for future high-end retail and dining. There's 49,700 square feet of amenity space throughout the tower, including a seventh-floor amenity deck with a glass-edge pool and a 1,540-square-foot sky lounge on the 39th floor.

[Big E]

21 hours ago, MaxConcrete said:

Rendering in HBJ

Honestly, this looks like a really early design, probably not fully reflective of how the final project will look. I'm willing to give the benefit of a doubt until they show us a more "final" rendering. At least its taller than the old designs. That's a plus.

[monarch]

^^^ whatever the design may be, they had me at "43-STORY BUILDING".  i'm all good now...

 

[wxman]

2nd quarter of 2023 is a full year from now. This thing is likely to be cancelled, put on hold, and eventually value engineered down to a one story mattress firm by the time it actually breaks ground. Bet.

Edited April 27, 2022 by wxman

[kennyc05]

2 hours ago, wxman said:

2nd quarter of 2023 is a full year from now. This thing is likely to be cancelled, put on hold, and eventually value engineered down to a one story mattress firm by the time it actually breaks ground. Bet.

 

[Big E]

3 hours ago, wxman said:

2nd quarter of 2023 is a full year from now. This thing is likely to be cancelled, put on hold, and eventually value engineered down to a one story mattress firm by the time it actually breaks ground. Bet.

They would literally be throwing money away with how much this property probably cost to buy and pay taxes on.

[mattyt36]

12 hours ago, wxman said:

2nd quarter of 2023 is a full year from now. This thing is likely to be cancelled, put on hold, and eventually value engineered down to a one story mattress firm by the time it actually breaks ground. Bet.

As far as I can tell this DeisoMoss hasn't built anything and doesn't even have a website. 

The loan they secured was a $26.1MM mortgage bridge loan, which is peanuts.

If I were a betting man, I'd go with @wxman

More power to them, of course, if I'm wrong.  

[gene]

there have been surveyors and a piece of equipment (drilling machine maybe i don't know machinery that well haha) in the field everyday...including yesterday when i went to the bank!