The Travis: Multifamily High-Rise At 3300 Main St.

[hindesky]

I think this is closed to being topped out.

[hindesky]

[bategeler]

Looks like this one has officially topped out, concrete pump was being lifted down this morning. 

[j_cuevas713]

On 8/24/2019 at 2:27 PM, MidCenturyMoldy said:

Friday, 08/23/19

Does anyone have info on the red brick townhomes here in this pic? I walk past the one in the pic from time to time and the windows are covered

[hindesky]

This is topped out, my evidence is the concrete pump on the ground. They may have some metal structure for the utilities/crown to go, but the floors are done.

[slcowart416]

Recent photos from Westmoreland.

[hindesky]

By Jeff Jeffrey  – Reporter, Houston Business Journal 

an hour ago

 

For the second time this week, a high-rise, mixed-use development in one of Houston’s busiest submarkets for multifamily projects celebrated a major construction milestone.

Developers behind the 30-story residential tower known as The Travis toasted the building’s topping out Sept. 10, according to a news release. The project, which is located at 3300 Main St. in Midtown, was developed by the Houston office of Washington-based Madison Marquette, with investment support from Los Angeles-based AECOM Capital.

Located on a 1.16-acre lot, the luxury high-rise building will be one of just a few apartment towers in Midtown. Developers plan to begin delivering the building’s 328 residential units to tenants in spring 2020. The project also includes 14,967 square feet of retail space on the ground floor.

Apartment units in The Travis average about 1,114 square feet. Residents will have access to a two-story fitness center and aqua lounge, a 3/4-acre pool and an amenity deck looking out over Main Street. 

Residents can also expect canted bay windows and balconies that offer downtown views to the north and east and continuous balconies on the south. 

Architects from Baltimore-based CallisonRTKL designed the building, while AECOM Hunt served as general contractor. 

“We’re very excited to contribute to the positive growth taking place in the vibrant Midtown submarket,” Bryant Nail, Madison Marquette executive vice president of multifamily development, said in the release.

Developers broke ground on The Travis in May 2018, shortly before Houston-based PM Realty Group LP merged with Madison Marquette. 

 

At the time, it had been about a year and a half since PMRG purchased the property from the Midtown Redevelopment Authority. 

Elsewhere in Midtown, residential leasing at Australian developer Caydon’s first stateside luxury mixed-use project has gotten underway. Caydon reported in July that it had already leased over 10 percent of the apartment units in the 27-story high-rise at 2850 Fannin St., known as Drewery Place. 

Caydon topped out on Drewery Place in December. 

Also this week, The Residences at La Colombe d’Or, Hines’ 34-story multifamily tower standing behind the historic hotel of the same name in Montrose, celebrated its topping out. 

While much of the $140 million building remains under construction, Hines plans to begin delivering the building’s 265 units to residents by the second quarter of 2020.

As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com.

[X.R.]

"As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com."

 

Holy crap. That is craaazy amount of residential units for what seems like a small part of town. And Katy-Cinco Ranch-Waterside would make sense with all the development over there. And that comparison is nice, cause it really shows that this portion of town is competing, in part, with the growth seen in what I think is widely known to be one of the fastest growing parts of the H. 

 

I would cross post this to Downtown Apartment thread because while we're like "man, 400 units!" midtown/montrose/museum district is like "man, 4000 units!" 

Edited September 12, 2019 by X.R.

[j_cuevas713]

1 hour ago, X.R. said:

"As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com."

 

Holy crap. That is craaazy amount of residential units for what seems like a small part of town. And Katy-Cinco Ranch-Waterside would make sense with all the development over there. And that comparison is nice, cause it really shows that this portion of town is competing, in part, with the growth seen in what I think is widely known to be one of the fastest growing parts of the H. 

 

I would cross post this to Downtown Apartment thread because while we're like "man, 400 units!" midtown/montrose/museum district is like "man, 4000 units!" 

The population density continues to increase. 

[Luminare]

2 hours ago, X.R. said:

"As of December, the submarket that encompasses Montrose, the Museum District and Midtown had seven apartment projects under construction, according to Houston-based ApartmentData.com. That area was second only to the Katy-Cinco Ranch-Waterside submarket, with 10 projects. As of May, there were 3,974 residential units proposed for the Montrose-Museum-Midtown submarket, the most of any submarket in the Houston area, per ApartmentData.com."

 

Holy crap. That is craaazy amount of residential units for what seems like a small part of town. And Katy-Cinco Ranch-Waterside would make sense with all the development over there. And that comparison is nice, cause it really shows that this portion of town is competing, in part, with the growth seen in what I think is widely known to be one of the fastest growing parts of the H. 

 

I would cross post this to Downtown Apartment thread because while we're like "man, 400 units!" midtown/montrose/museum district is like "man, 4000 units!" 

 

Whats really great about it is that the inner city is finally starting to compete head to head in numbers with suburbia. This could even be a tipping point. Whats even more impressive is that the Katy-Cinco Ranch-Waterside market is a much larger area than the Montrose-Museum-Midtown market and yet its going toe to toe with it. For past few years we were all really impressed by the growth of the inner city, but it still didn't compare to the growth that was still happening in suburbia, but now it seems with this data that turn is beginning to happen. This also corresponds to the continued uptick in announcements and planned developments either underway or proposed and it doesn't look like its slowing down. Its even exceed my expectations. I thought we wouldn't see those numbers for at least another couple years or until at the end of 2020. While working on the map 2020 keeps popping up everywhere. It looks to be a banner year for this city either for projects to be completed or projects to get started. Exciting times. Let the good times roll.

[TheSirDingle]

2 hours ago, Luminare said:

 

Whats really great about it is that the inner city is finally starting to compete head to head in numbers with suburbia. This could even be a tipping point. Whats even more impressive is that the Katy-Cinco Ranch-Waterside market is a much larger area than the Montrose-Museum-Midtown market and yet its going toe to toe with it. For past few years we were all really impressed by the growth of the inner city, but it still didn't compare to the growth that was still happening in suburbia, but now it seems with this data that turn is beginning to happen. This also corresponds to the continued uptick in announcements and planned developments either underway or proposed and it doesn't look like its slowing down. Its even exceed my expectations. I thought we wouldn't see those numbers for at least another couple years or until at the end of 2020. While working on the map 2020 keeps popping up everywhere. It looks to be a banner year for this city either for projects to be completed or projects to get started. Exciting times. Let the good times roll.

I guess the developers have a 20-20 vision. 

[Highrise Tower]

I was stranded at the office today.  Metro suspended all services. Thankfully a coworker who lives near NRG gave me a ride.

 

[BeerNut]

[H-Town Man]

On ‎9‎/‎12‎/‎2019 at 5:37 PM, Luminare said:

 

Whats really great about it is that the inner city is finally starting to compete head to head in numbers with suburbia. This could even be a tipping point. Whats even more impressive is that the Katy-Cinco Ranch-Waterside market is a much larger area than the Montrose-Museum-Midtown market and yet its going toe to toe with it. For past few years we were all really impressed by the growth of the inner city, but it still didn't compare to the growth that was still happening in suburbia, but now it seems with this data that turn is beginning to happen. This also corresponds to the continued uptick in announcements and planned developments either underway or proposed and it doesn't look like its slowing down. Its even exceed my expectations. I thought we wouldn't see those numbers for at least another couple years or until at the end of 2020. While working on the map 2020 keeps popping up everywhere. It looks to be a banner year for this city either for projects to be completed or projects to get started. Exciting times. Let the good times roll.

 

This is similar to the wave of groundbreakings that happened in winter 2015. Missed recession by a hair. Hopefully we can get all this stuff underway before another recession hits. Layoffs have been happening in oil with more expected to come, and the global economy is also treading water.

 

[Luminare]

51 minutes ago, H-Town Man said:

 

This is similar to the wave of groundbreakings that happened in winter 2015. Missed recession by a hair. Hopefully we can get all this stuff underway before another recession hits. Layoffs have been happening in oil with more expected to come, and the global economy is also treading water.

 

 

Yeah depends. I've also seen forecasts that state that even if we do fall into a recession sometime in late 2020 that it definitely won't be anything massive. More like something were economies are just kinda sluggish. If its just a normal slowdown type recession than it won't last for more than a year or two. The wild card is the Trade War with China. If that cools off and prices go back down in regards to materials and products than things could spike again. Its just to soon to tell. I think 2Q 2020 is when we will really know. At least here in Houston things are chugging along just fine and normally we weather recessions better than most.

[Twinsanity02]

 My impression is that Houston used to be fairly "recession proof"in years past. We had recessions in the 50's and 70's which did not effect the city much in terms of growth. The Oil bust effected Houston,  but not the country as a whole. I don't believe the national recession of the early 90's had much impact here. My point is recessions can be national or regional, and  in the past it is the regional recessions which have impacted us the most. So I haven't a clue what a national recession would cause here.

Edited September 23, 2019 by Twinsanity02
typing error

[Luminare]

4 hours ago, Twinsanity02 said:

 My impression is that Houston used to be fairly "recession proof"in years past. We had recessions in the 50's and 70's which did not effect the city much in terms of growth. The Oil bust effected Houston,  but not the country as a whole. I don't believe the national recession of the early 90's had much impact here. My point is recessions can be national or regional, and  in the past it is the regional recessions which have impacted us the most. So I haven't a clue what a national recession would cause here.

 

Correct. The only national recession that actually effected us was the Great Recession, and that was particularly abnormal due to the particular industry which caused it, the housing collapse. From what I've seen, that industry is much more cautious than it was then. A lot of the indicators that are being looked at for this potential recession don't relate in a significant way to our major industries. At least, this is how I understand it. I'm not an economist. My only worry about a possible recession that I keep looking at is the unemployment rate. When the unemployment is this low for some reason things get a little wonky. It just doesn't stay this low for long, and the question is what happens when unemployment starts to tick back up. Other than that I just don't see it...at least for 2019 or even 2020. Now 2021, that's where it gets dicey. Again, not an economist, so we will just have to see.

[Urbannizer]

Houston Skyline-Almeda-Sept 2019-Mabry Campbell by Mabry Campbell, on Flickr

 

Houston Skyline-Almeda-Sept 2019-Mabry Campbell by Mabry Campbell, on Flickr

[houstontexasjack]

Got this shot walking across 288 at MacGregor today:

 

[hindesky]

[West Timer]

Midtown. We have a skyline.

[rechlin]

From last week:

 

[bobruss]

51 minutes ago, rechlin said:

From last week:

 

Thats a great shot. Whats striking is you can  see how much of mid town is now predominantly  5-8 story complexes or taller.

It would be interesting see an aerial view of this same area from say 2000.

The density stretches from just north of W. Dallas and the Post properties all the way to 59, the Ion and Fiesta.

Now we need one facing the other way and we can make our own panoramas. Seems to me to be an impressive amount of infill in less than 20 years.

Edited October 3, 2019 by bobruss

[Highrise Tower]

On 8/13/2019 at 9:31 PM, corbs315 said:

Just curious is there any idea about the prospective tenants of this place? I'm sure I could click back a little but is it office/retail/apartments/etc?

https://www.loopnet.com/Listing/3300-Main-St-Houston-TX/15916420/

 

Quote

 

This 6,663 square feet of contiguous restaurant/retail space fronting Main is ideal for restaurants or coffee shops. A 367 square foot covered patio is available at the corner of Main and Stuart and a 244 square foot patio is available at the corner of Main and Francis. The space can be subdivided to various sizes down to as little as 900 square fee

 

This 7,776 square feet of contiguous flex space fronting Travis is ideal for service orientated retail, fitness, medical, or office uses. The space can be subdivided to various sizes down to as little as 1,350 square feet.

 

 

[Highrise Tower]

[hindesky]

Main St southbound is open again.

[Highrise Tower]

[Urbannizer]

Um...Lets hope we see some sort of screening/facade for that parking podium

[phillip_white]

6 hours ago, Urbannizer said:

Um...Lets hope we see some sort of screening/facade for that parking podium

 

They showed a screen in the previous renderings, so fingers crossed.

 

[Triton]

The Travis by Marc longoria, on Flickr